Strategy (MSTR) Shares Outstanding (Entity) (2010 - 2026)
Strategy (MSTR) reported Shares Outstanding (Entity) of 351.96 million for Q2 2026, up 34.7% from 261.32 million a year earlier and up 7.9% from the prior quarter.
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Analysis
Strategy (MSTR) Shares Outstanding (Entity) (2010 - 2026) Analysis & Trends
For FY2025, Strategy posted Shares Outstanding (Entity) of 292.42 million, up 29.3% from FY2024.
- Shares Outstanding (Entity) has increased for four consecutive years, with a five-year compound annual growth rate of 9.9% (FY2020 to FY2025).
- By year, Shares Outstanding (Entity) came in at 226.14 million in FY2024 (+34.1%), 168.68 million in FY2023 (+49.0%), 113.21 million in FY2022 (+13.0%) and 100.2 million in FY2021 (-45.2%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding (Entity) in data going back to Q2 2010.
- Year over year, Shares Outstanding (Entity) has now increased in each of the last eight quarters, with growth averaging 36.8% over the last eight quarters.
- The high point for year-over-year Shares Outstanding (Entity) in five years was Q2 2023 (growth of 101.5%); the low point was Q4 2021 (a decline of 45.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 326.29 million (Q1 2026), 292.42 million (Q4 2025) and 267.47 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | 2.40 Bn |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | 3.02 Bn |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | - |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 823.00 Mn |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 1.03 Bn |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | 397.80 Mn |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 268.38 Mn |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | 351.96 Mn |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 351.96 Mn |
| Mar 31, 2026 | 326.29 Mn |
| Dec 31, 2025 | 292.42 Mn |
| Sep 30, 2025 | 267.47 Mn |
| Jun 30, 2025 | 261.32 Mn |
| Mar 31, 2025 | 246.54 Mn |
| Dec 31, 2024 | 226.14 Mn |
| Sep 30, 2024 | 191.68 Mn |
| Jun 30, 2024 | 178.61 Mn |
| Mar 31, 2024 | 171.94 Mn |
| Dec 31, 2023 | 168.68 Mn |
| Sep 30, 2023 | 142.21 Mn |
| Jun 30, 2023 | 227.67 Mn |
| Mar 31, 2023 | 216.43 Mn |
| Dec 31, 2022 | 113.21 Mn |
| Sep 30, 2022 | 200.02 Mn |
| Jun 30, 2022 | 113.00 Mn |
| Mar 31, 2022 | 199.82 Mn |
| Dec 31, 2021 | 100.20 Mn |
| Sep 30, 2021 | 99.99 Mn |
API Access
Strategy Shares Outstanding (Entity) 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-entity&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();