Strategy (MSTR) Operating Expenses (2010 - 2026)

Strategy has disclosed Operating Expenses across 17 years of filings, most recently posting $8.4 billion for Q2 2026.

• In Q2 2026, Operating Expenses rose 160.29% year-over-year to $8.4 billion; the TTM figure through Jun 2026 stood at $36.7 billion (up 678.99% YoY), while the FY2025 annual figure was $5.8 billion, up 163.94% from the prior year.
• Operating Expenses came in at $8.4 billion for Q2 2026 at Strategy, down from $14.6 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $17.5 billion in Q4 2025 to a low of -$14.0 billion in Q2 2025.
• Average Operating Expenses over 5 years is $1.8 billion, with a median of $284.9 million recorded in 2024.
• The largest YoY upside for Operating Expenses was 1976.09% in 2025 against a maximum downside of 5069.44% in 2025.
• Over 5 years, Operating Expenses stood at $299.5 million in 2022, then tumbled by 53.58% to $139.0 million in 2023, then soared by 693.21% to $1.1 billion in 2024, then surged by 1489.11% to $17.5 billion in 2025, then sank by 52.0% to $8.4 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $8.4 billion in Q2 2026, $14.6 billion in Q1 2026, and $17.5 billion in Q4 2025.