Strategy (MSTR) Invested Capital (2020 - 2026)
Strategy (MSTR) reported Invested Capital of $37.6 billion for Q2 2026, down 32.4% from $55.64 billion a year earlier and down 16.2% from the prior quarter.
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Analysis
Strategy (MSTR) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Strategy posted Invested Capital of $52.31 billion, up 37.1% from FY2024.
- Invested Capital has increased for three consecutive years, with a five-year compound annual growth rate of 123.8% (FY2020 to FY2025).
- By year, Invested Capital came in at $38.17 billion in FY2024 (+777.9%), $4.35 billion in FY2023 (+117.8%), $2 billion in FY2022 (-36.3%) and $3.13 billion in FY2021 (+236.1%).
- The Q2 2026 figure ranks as the lowest quarterly Invested Capital since Q3 2024.
- Year over year, Invested Capital gained in seven of the last eight quarters, with growth averaging 365.7%.
- The high point for year-over-year Invested Capital in five years was Q4 2024 (growth of 777.9%); the low point was Q4 2022 (a decline of 36.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $44.85 billion (Q1 2026), $52.31 billion (Q4 2025) and $60.5 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | - |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 192.53 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 68.16 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 77.67 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 14.60 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 11.00 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 26.66 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | 4.97 Bn |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 37.60 Bn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 9.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.60 Bn |
| Mar 31, 2026 | 44.85 Bn |
| Dec 31, 2025 | 52.31 Bn |
| Sep 30, 2025 | 60.50 Bn |
| Jun 30, 2025 | 55.64 Bn |
| Mar 31, 2025 | 40.36 Bn |
| Dec 31, 2024 | 38.17 Bn |
| Sep 30, 2024 | 7.99 Bn |
| Jun 30, 2024 | 6.68 Bn |
| Mar 31, 2024 | 5.96 Bn |
| Dec 31, 2023 | 4.35 Bn |
| Sep 30, 2023 | 3.02 Bn |
| Jun 30, 2023 | 3.00 Bn |
| Mar 31, 2023 | 2.62 Bn |
| Dec 31, 2022 | 2.00 Bn |
| Sep 30, 2022 | 2.18 Bn |
| Jun 30, 2022 | 2.19 Bn |
| Mar 31, 2022 | 3.22 Bn |
| Dec 31, 2021 | 3.13 Bn |
| Sep 30, 2021 | 2.61 Bn |
API Access
Strategy Invested Capital 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=invested-capital&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();