Strategy (MSTR) Operating Income (2010 - 2026)
Strategy's Operating Income came in at $20.91 billion for Q3 2026, up 437.4% from $3.89 billion a year earlier.
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Analysis
Strategy (MSTR) Operating Income (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Strategy reported Operating Income of -$19.34 billion; for FY2025, it came in at -$5.44 billion.
- Going back by year, Operating Income was -$1.85 billion in FY2024, -$115.05 million in FY2023, -$1.28 billion in FY2022 and -$784.53 million in FY2021.
- The Q3 2026 figure represents the highest quarterly Operating Income in data going back to Q2 2010.
- Business Quant data shows MSTR's Operating Income at -$8.33 billion (Q2 2026), -$14.47 billion (Q1 2026) and -$17.45 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 404.43 Bn | 369.25 Bn | 1.93 Bn | 1.08 Bn |
| 2 | Oracle | 355.53 Bn | 227.67 Bn | - | 6.73 Bn |
| 3 | Sap Se | 273.98 Bn | 227.60 Bn | - | - |
| 4 | Salesforce | 174.33 Bn | 130.20 Bn | 8.70 Bn | 2.33 Bn |
| 5 | Automatic Data Processing | 117.87 Bn | 104.66 Bn | 2.53 Bn | -1.65 Bn |
| 6 | ServiceNow | 104.89 Bn | 84.15 Bn | 2.90 Bn | 385.00 Mn |
| 7 | Intuit | 93.22 Bn | 72.57 Bn | 3.44 Bn | 475.00 Mn |
| 8 | Relx | 72.75 Bn | 71.83 Bn | - | - |
| 9 | Strategy | 49.49 Bn | 36.63 Bn | 89.63 Mn | 20.91 Bn |
| 10 | Thomson Reuters | 47.89 Bn | 43.52 Bn | - | 558.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.91 Bn |
| 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 |
API Access
Strategy Operating Income 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=operating-income&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();