Strategy (MSTR) Gross Margin (2010 - 2026)
Strategy (MSTR) reported Gross Margin of 67.06% for Q1 2026, down 235.0% on a YoY basis from 49.67% in Q1 2025, and up 1.44% sequentially from 66.11% in Q4 2025.
Strategy (MSTR) Gross Margin (2010 - 2026) Analysis & Trends
Strategy (MSTR) has 17 years of Gross Margin data on file, last reported at 67.06% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 235.0% year-over-year to 67.06%; the trailing twelve-month figure through Mar 2026 stood at 68.11% (down 284.0% YoY), and the FY2025 full-year result was 68.69%, down 337.0% from the prior year.
- Gross Margin advanced to 67.06% in Q1 2026, from 66.11% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 79.84% in Q4 2022 to a low of 66.11% in Q4 2025.
- A 5-year average of 74.05% and a median of 73.96% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 900 bps in 2024 and gained 5 bps in 2025, its largest moves.
- Tracing MSTR's Gross Margin over 5 years: stood at 79.84% in 2022, then slipped by 3 bps to 77.33% in 2023, then retreated by 7 bps to 71.69% in 2024, then dropped by 8 bps to 66.11% in 2025, then advanced by 1 bps to 67.06% in 2026.
- Business Quant data shows MSTR's Gross Margin at 67.06% in Q1 2026, 66.11% in Q4 2025, and 70.46% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Strategy | 31.26 Bn | 29.06 Bn | 83.35 Mn | 67.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 81.62% |