Strategy (MSTR) Gross Margin (2010 - 2026)
Strategy (MSTR) posted Gross Margin of 66.64% for Q2 2026, down 2.13 percentage points from 68.77% a year earlier and down 0.42 percentage points from the prior quarter.
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Analysis
Strategy (MSTR) Gross Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Strategy was 67.60%, down 2.50 percentage points year-over-year; for FY2025, it was 68.69%, down 3.37 percentage points from FY2024.
- Annual Gross Margin has declined for four consecutive years, with a five-year change of -12.37 percentage points (FY2020 to FY2025).
- In prior years, Strategy's Gross Margin was 72.06% in FY2024 (-5.78 pp), 77.85% in FY2023 (-1.53 pp), 79.37% in FY2022 (-2.63 pp) and 82.01% in FY2021 (+0.95 pp).
- Quarterly Gross Margin has run from a low of 66.11% in Q4 2025 to a high of 82.56% in Q3 2021 over five years.
- On a year-over-year basis, Gross Margin has declined in each of the last three quarters, with an average year-over-year change of -4.08 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q3 2025, with a gain of 0.05 percentage points; the weakest was Q3 2024, with a drop of 9.00 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 67.06% (Q1 2026), 66.11% (Q4 2025) and 70.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 84.66% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 73.17% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 76.65% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 70.68% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 45.88% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 79.10% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 66.64% |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 75.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.64% |
| Mar 31, 2026 | 67.06% |
| Dec 31, 2025 | 66.11% |
| Sep 30, 2025 | 70.46% |
| Jun 30, 2025 | 68.77% |
| Mar 31, 2025 | 69.41% |
| Dec 31, 2024 | 71.69% |
| Sep 30, 2024 | 70.41% |
| Jun 30, 2024 | 72.24% |
| Mar 31, 2024 | 73.96% |
| Dec 31, 2023 | 77.33% |
| Sep 30, 2023 | 79.41% |
| Jun 30, 2023 | 77.47% |
| Mar 31, 2023 | 77.08% |
| Dec 31, 2022 | 79.84% |
| Sep 30, 2022 | 79.75% |
| Jun 30, 2022 | 79.35% |
| Mar 31, 2022 | 78.47% |
| Dec 31, 2021 | 82.16% |
| Sep 30, 2021 | 82.56% |
API Access
Strategy Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();