Strategy (MSTR) Total Debt (2020 - 2026)
Strategy (MSTR) reported Total Debt of $6.71 billion for Q2 2026, down 17.8% from $8.16 billion a year earlier and down 18.1% from the prior quarter.
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Analysis
Strategy (MSTR) Total Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, Strategy posted Total Debt of $8.19 billion, up 13.9% from FY2024.
- Total Debt has a five-year compound annual growth rate of 75.9% (FY2020 to FY2025).
- By year, Total Debt came in at $7.19 billion in FY2024 (+229.5%), $2.18 billion in FY2023 (-8.3%), $2.38 billion in FY2022 (+10.4%) and $2.16 billion in FY2021 (+343.1%).
- The Q2 2026 figure ranks as the lowest quarterly Total Debt since Q3 2024.
- Year over year, Total Debt gained in seven of the last eight quarters, with growth averaging 81.8%.
- The high point for year-over-year Total Debt in five years was Q4 2021 (growth of 343.1%); the low point was Q2 2026 (a decline of 17.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $8.2 billion (Q1 2026), $8.19 billion (Q4 2025) and $8.17 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | - |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 125.34 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 15.56 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 39.29 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 2.08 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 4.96 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 7.67 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | 3.29 Bn |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 6.71 Bn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 2.99 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.71 Bn |
| Mar 31, 2026 | 8.20 Bn |
| Dec 31, 2025 | 8.19 Bn |
| Sep 30, 2025 | 8.17 Bn |
| Jun 30, 2025 | 8.16 Bn |
| Mar 31, 2025 | 8.14 Bn |
| Dec 31, 2024 | 7.19 Bn |
| Sep 30, 2024 | 4.21 Bn |
| Jun 30, 2024 | 3.85 Bn |
| Mar 31, 2024 | 3.56 Bn |
| Dec 31, 2023 | 2.18 Bn |
| Sep 30, 2023 | 2.18 Bn |
| Jun 30, 2023 | 2.18 Bn |
| Mar 31, 2023 | 2.18 Bn |
| Dec 31, 2022 | 2.38 Bn |
| Sep 30, 2022 | 2.38 Bn |
| Jun 30, 2022 | 2.37 Bn |
| Mar 31, 2022 | 2.36 Bn |
| Dec 31, 2021 | 2.16 Bn |
| Sep 30, 2021 | 2.15 Bn |
API Access
Strategy Total Debt 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=total-debt&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();