Strategy (MSTR) Operating Income (2010 - 2026)
Strategy's (MSTR) quarterly Operating Income came in at -$8.3 billion in Q2 2026, down 159.37% year-over-year from $14.0 billion in Q2 2025, and up 42.43% quarter-over-quarter from -$14.5 billion in Q1 2026.
Analysis
Strategy (MSTR) Operating Income (2010 - 2026) Analysis & Trends
Strategy has disclosed Operating Income across 17 years of filings, most recently posting -$8.3 billion for Q2 2026.
- In Q2 2026, Operating Income fell 159.37% year-over-year to -$8.3 billion; the TTM figure through Jun 2026 stood at -$36.4 billion (down 645.76% YoY), while the FY2025 annual figure was -$5.4 billion, down 193.82% from the prior year.
- Operating Income came in at -$8.3 billion for Q2 2026 at Strategy, up from -$14.5 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of $14.0 billion in Q2 2025 to a low of -$17.4 billion in Q4 2025.
- Average Operating Income over 5 years is -$1.7 billion, with a median of -$197.0 million recorded in 2022.
- The largest YoY upside for Operating Income was 7106.4% in 2025 against a maximum downside of 2806.9% in 2025.
- Over 5 years, Operating Income stood at -$193.7 million in 2022, then soared by 77.91% to -$42.8 million in 2023, then plunged by 2275.65% to -$1.0 billion in 2024, then plunged by 1616.4% to -$17.4 billion in 2025, then jumped by 52.25% to -$8.3 billion in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$8.3 billion in Q2 2026, -$14.5 billion in Q1 2026, and -$17.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 418.90 Bn | 409.60 Bn | 1.64 Bn | 912.00 Mn |
| 2 | Relx | 64.63 Bn | 64.32 Bn | - | - |
| 3 | Strategy | 50.26 Bn | 47.81 Bn | 81.55 Mn | -8.33 Bn |
| 4 | Fair Isaac | 20.13 Bn | 19.88 Bn | 587.17 Mn | 362.63 Mn |
| 5 | NIQ Global Intelligence | 5.43 Bn | 5.25 Bn | 624.20 Mn | 65.30 Mn |
| 6 | Amplitude | 3.25 Bn | 3.07 Bn | 69.10 Mn | -35.17 Mn |
| 7 | Similarweb | 768.75 Mn | 694.84 Mn | 62.31 Mn | 744,000.00 |
| 8 | Realloys | 694.70 Mn | 694.70 Mn | 475,000.00 | -36.80 Mn |
| 9 | Cognyte Software | 618.97 Mn | 533.72 Mn | 76.27 Mn | 4.41 Mn |
| 10 | Marketwise | 291.78 Mn | 25.05 Mn | 64.70 Mn | -4.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.33 Bn |
| Mar 31, 2026 | -14.47 Bn |
| Dec 31, 2025 | -17.45 Bn |
| Sep 30, 2025 | 3.89 Bn |
| Jun 30, 2025 | 14.03 Bn |
| Mar 31, 2025 | -5.92 Bn |
| Dec 31, 2024 | -1.02 Bn |
| Sep 30, 2024 | -432.58 Mn |
| Jun 30, 2024 | -200.27 Mn |
| Mar 31, 2024 | -203.70 Mn |
| Dec 31, 2023 | -42.79 Mn |
| Sep 30, 2023 | -25.25 Mn |
| Jun 30, 2023 | -26.71 Mn |
| Mar 31, 2023 | -20.31 Mn |
| Dec 31, 2022 | -193.72 Mn |
| Sep 30, 2022 | 6.06 Mn |
| Jun 30, 2022 | -918.12 Mn |
| Mar 31, 2022 | -169.96 Mn |
| Dec 31, 2021 | -137.47 Mn |
| Sep 30, 2021 | -49.66 Mn |