Strategy (MSTR) Operating Expenses (2010 - 2026)

Strategy's Operating Expenses history runs 17 years deep, the most recent figure standing at $14.6 billion for Q1 2026.

• In Q1 2026, Operating Expenses rose 142.62% year-over-year to $14.6 billion; the TTM figure through Mar 2026 stood at $14.3 billion (up 81.44% YoY), while the FY2025 annual figure was $5.8 billion, up 163.94% from the prior year.
• Operating Expenses came in at $14.6 billion for Q1 2026 at Strategy, down from $17.5 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.
• A 5-year average of $1.5 billion and a median of $280.8 million in 2024 frame the typical range for Operating Expenses.
• On a YoY basis, Operating Expenses climbed as much as 1976.09% in 2025 and fell as far as 5069.44% in 2025.
• Strategy's Operating Expenses stood at $299.5 million in 2022, then plunged by 53.58% to $139.0 million in 2023, then jumped by 693.21% to $1.1 billion in 2024, then soared by 1489.11% to $17.5 billion in 2025, then retreated by 16.96% to $14.6 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $14.6 billion, $17.5 billion, and -$3.8 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

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