Strategy (MSTR) Intangibles (2020 - 2026)
Strategy (MSTR) recorded Intangibles of $49.67 billion in Q2 2026, down 22.8% from $64.36 billion a year earlier and down 3.8% from the prior quarter.
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Analysis
Strategy (MSTR) Intangibles (2020 - 2026) Analysis & Trends
At the end of FY2025, Strategy reported Intangibles of $58.85 billion, up 146.2% from FY2024.
- Annual Intangibles has increased for three straight years, with a five-year compound annual growth rate of 123.5% (FY2020 to FY2025).
- Across earlier years, Intangibles came in at $23.91 billion in FY2024 (+559.3%), $3.63 billion in FY2023 (+97.1%), $1.84 billion in FY2022 (-35.4%) and $2.85 billion in FY2021 (+170.3%).
- The Q2 2026 figure is the lowest quarterly Intangibles since Q1 2025.
- On a year-over-year basis, Intangibles rose in six of the last seven quarters, with growth averaging 372.5%.
- Peak year-over-year performance for Intangibles in the last five years was growth of 968.6% in Q3 2025, against a decline of 35.4% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $51.65 billion (Q1 2026), $58.85 billion (Q4 2025) and $73.21 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | - |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | - |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | 3.01 Bn |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 6.14 Bn |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 3.78 Bn |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | 1.65 Bn |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 4.64 Bn |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | 4.12 Bn |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | 49.67 Bn |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | 3.06 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.67 Bn |
| Mar 31, 2026 | 51.65 Bn |
| Dec 31, 2025 | 58.85 Bn |
| Sep 30, 2025 | 73.21 Bn |
| Jun 30, 2025 | 64.36 Bn |
| Mar 31, 2025 | 43.55 Bn |
| Dec 31, 2024 | 23.91 Bn |
| Sep 30, 2024 | 6.85 Bn |
| Jun 30, 2024 | 5.69 Bn |
| Mar 31, 2024 | 5.07 Bn |
| Dec 31, 2023 | 3.63 Bn |
| Sep 30, 2023 | 2.45 Bn |
| Jun 30, 2023 | 2.32 Bn |
| Mar 31, 2023 | 2.00 Bn |
| Dec 31, 2022 | 1.84 Bn |
| Sep 30, 2022 | 1.99 Bn |
| Jun 30, 2022 | 1.99 Bn |
| Mar 31, 2022 | 2.90 Bn |
| Dec 31, 2021 | 2.85 Bn |
| Sep 30, 2021 | 2.41 Bn |
API Access
Strategy Intangibles 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=intangibles&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "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=intangibles&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();