Strategy (MSTR) Payables (2010 - 2026)
Strategy (MSTR) reported Payables of $190.5 million for Q2 2026, up 330.8% from $44.22 million a year earlier and up 105.2% from the prior quarter.
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Analysis
Strategy (MSTR) Payables (2010 - 2026) Analysis & Trends
At the end of FY2025, Strategy posted Payables of $77.46 million, up 46.2% from FY2024.
- Payables has increased for three consecutive years, with a five-year compound annual growth rate of 11.5% (FY2020 to FY2025).
- By year, Payables came in at $52.98 million in FY2024 (+23.0%), $43.09 million in FY2023 (+0.3%), $42.98 million in FY2022 (-6.7%) and $46.08 million in FY2021 (+2.8%).
- The Q2 2026 figure ranks as the highest quarterly Payables in data going back to Q4 2010.
- Year over year, Payables has now increased in each of the last nine quarters, with growth averaging 67.6% over the last eight quarters.
- The high point for year-over-year Payables in five years was Q2 2026 (growth of 330.8%); the low point was Q3 2022 (a decline of 18.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $92.81 million (Q1 2026), $77.46 million (Q4 2025) and $48.72 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 388.11 Bn | 352.94 Bn | 1.93 Bn | 623.89 Mn |
| 2 | Oracle | 358.47 Bn | 230.60 Bn | - | 18.69 Bn |
| 3 | Sap Se | 283.77 Bn | 211.17 Bn | 8.64 Bn | 3.40 Bn |
| 4 | Salesforce | 184.64 Bn | 140.51 Bn | 8.70 Bn | 7.02 Bn |
| 5 | Automatic Data Processing | 123.40 Bn | 110.20 Bn | 2.53 Bn | 808.90 Mn |
| 6 | ServiceNow | 110.58 Bn | 89.85 Bn | 2.90 Bn | 2.32 Bn |
| 7 | Intuit | 99.71 Bn | 79.06 Bn | 3.44 Bn | 873.00 Mn |
| 8 | Relx | 75.94 Bn | 75.04 Bn | - | 5.31 Bn |
| 9 | Strategy | 55.50 Bn | 42.64 Bn | 89.63 Mn | 215.75 Mn |
| 10 | Thomson Reuters | 52.67 Bn | 48.64 Bn | - | 565.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 215.75 Mn |
| Jun 30, 2026 | 190.50 Mn |
| Mar 31, 2026 | 92.81 Mn |
| Dec 31, 2025 | 77.46 Mn |
| Sep 30, 2025 | 48.72 Mn |
| Jun 30, 2025 | 44.22 Mn |
| Mar 31, 2025 | 53.72 Mn |
| Dec 31, 2024 | 52.98 Mn |
| Sep 30, 2024 | 45.71 Mn |
| Jun 30, 2024 | 44.19 Mn |
| Mar 31, 2024 | 41.87 Mn |
| Dec 31, 2023 | 43.09 Mn |
| Sep 30, 2023 | 34.31 Mn |
| Jun 30, 2023 | 33.66 Mn |
| Mar 31, 2023 | 50.60 Mn |
| Dec 31, 2022 | 42.98 Mn |
| Sep 30, 2022 | 36.85 Mn |
| Jun 30, 2022 | 35.96 Mn |
| Mar 31, 2022 | 44.39 Mn |
| Dec 31, 2021 | 46.08 Mn |
API Access
Strategy Payables 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=payables&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();