Strategy (MSTR) Shares Outstanding (2010 - 2026)
Strategy's (MSTR) quarterly Shares Outstanding (Entity) came in at $352.0 million in Q2 2026, up 34.69% year-over-year from $261.3 million in Q2 2025, and up 7.87% quarter-over-quarter from $326.3 million in Q1 2026.
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Analysis
Strategy (MSTR) Shares Outstanding (2010 - 2026) Analysis & Trends
Strategy has disclosed Shares Outstanding (Entity) across 17 years of filings, most recently posting $352.0 million for Q2 2026.
- In Q2 2026, Shares Outstanding (Entity) rose 34.69% year-over-year to $352.0 million; the TTM figure through Jun 2026 stood at $352.0 million (up 34.69% YoY), while the FY2025 annual figure was $292.4 million, up 29.31% from the prior year.
- Shares Outstanding (Entity) came in at $352.0 million for Q2 2026 at Strategy, up from $326.3 million in the prior quarter.
- In the past five years, Shares Outstanding (Entity) ranged from a high of $352.0 million in Q2 2026 to a low of $113.0 million in Q2 2022.
- Average Shares Outstanding (Entity) over 5 years is $216.4 million, with a median of $208.2 million recorded in 2022.
- Year-over-year, Shares Outstanding (Entity) slumped 38.69% in 2022 and surged 101.48% in 2023.
- Over 5 years, Shares Outstanding (Entity) stood at $113.2 million in 2022, then jumped by 49.0% to $168.7 million in 2023, then surged by 34.06% to $226.1 million in 2024, then grew by 29.31% to $292.4 million in 2025, then advanced by 20.36% to $352.0 million in 2026.
- Per Business Quant data, the three most recent Shares Outstanding (Entity) figures were $352.0 million in Q2 2026, $326.3 million in Q1 2026, and $292.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 2.40 Bn |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | 2.97 Bn |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | 1.17 Bn |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 820.00 Mn |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 1.03 Bn |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 402.30 Mn |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 276.00 Mn |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | 1.83 Bn |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | 352.53 Mn |
| 10 | Workday | 46.40 Bn | 42.99 Bn | 2.21 Bn | 245.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 352.53 Mn |
| Mar 31, 2026 | 333.91 Mn |
| Dec 31, 2025 | 277.66 Mn |
| Sep 30, 2025 | 284.38 Mn |
| Jun 30, 2025 | 275.24 Mn |
| Mar 31, 2025 | 256.47 Mn |
| Dec 31, 2024 | 192.55 Mn |
| Sep 30, 2024 | 197.27 Mn |
| Jun 30, 2024 | 178.61 Mn |
| Mar 31, 2024 | 171.94 Mn |
| Dec 31, 2023 | 136.71 Mn |
| Sep 30, 2023 | 142.21 Mn |
| Jun 30, 2023 | 132.47 Mn |
| Mar 31, 2023 | 118.34 Mn |
| Dec 31, 2022 | 113.21 Mn |
| Sep 30, 2022 | 113.08 Mn |
| Jun 30, 2022 | 113.00 Mn |
| Mar 31, 2022 | 112.89 Mn |
| Dec 31, 2021 | 100.20 Mn |
| Sep 30, 2021 | 99.99 Mn |
API Access
Strategy Shares Outstanding 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=shares-outstanding&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();