Strategy (STRK) Operating Expenses (2010 - 2026)

Strategy's (STRK) quarterly Operating Expenses came in at $14.6 billion in Q1 2026, up 142.62% year-on-year from $6.0 billion in Q1 2025, and down 16.96% quarter-over-quarter from $17.5 billion in Q4 2025.

Strategy (STRK) Operating Expenses (2010 - 2026) Analysis & Trends

Strategy has disclosed Operating Expenses across 17 years of filings, most recently posting $14.6 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $14.6 billion, up 142.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.3 billion (up 81.44% YoY), and the FY2025 annual result was $5.8 billion, up 163.94% from the prior year.
  • Operating Expenses came in at $14.6 billion for Q1 2026 at Strategy, down from $17.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $17.5 billion in Q4 2025 to a low of -$14.0 billion in Q2 2025.
  • The 5-year median for Operating Expenses is $280.8 million (2024), against an average of $1.5 billion.
  • Peak annual rise in Operating Expenses reached 1976.09% in 2025, while the deepest fall reached 5069.44% in 2025.
  • Strategy's Operating Expenses stood at $299.5 million in 2022, then sank by 53.58% to $139.0 million in 2023, then soared by 693.21% to $1.1 billion in 2024, then surged by 1489.11% to $17.5 billion in 2025, then fell by 16.96% to $14.6 billion in 2026.
  • The last three Operating Expenses figures came in at $14.6 billion (Q1 2026), $17.5 billion (Q4 2025), and -$3.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 262.33 Bn 244.36 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 173.49 Bn 170.93 Bn - -269.42 Mn
3 Salesforce 158.80 Bn 146.96 Bn 8.56 Bn 6.22 Bn
4 Shopify 144.36 Bn 138.62 Bn 1.55 Bn 1.16 Bn
5 Uber Technologies 144.25 Bn 143.21 Bn 11.88 Bn 11.28 Bn
6 ServiceNow 118.74 Bn 113.56 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 107.33 Bn 105.92 Bn 1.26 Bn 1.04 Bn
8 Adobe 100.50 Bn 93.61 Bn 5.73 Bn 3.32 Bn
9 Automatic Data Processing 92.49 Bn 89.26 Bn 2.87 Bn 4.23 Bn
10 Strategy - - 83.35 Mn 14.55 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 14.55 Bn
Dec 31, 2025 17.53 Bn
Sep 30, 2025 -3.80 Bn
Jun 30, 2025 -13.95 Bn
Mar 31, 2025 6.00 Bn
Dec 31, 2024 1.10 Bn
Sep 30, 2024 514.30 Mn
Jun 30, 2024 280.78 Mn
Mar 31, 2024 288.93 Mn
Dec 31, 2023 139.05 Mn
Sep 30, 2023 128.05 Mn
Jun 30, 2023 119.99 Mn
Mar 31, 2023 114.28 Mn
Dec 31, 2022 299.55 Mn
Sep 30, 2022 93.92 Mn
Jun 30, 2022 1.01 Bn
Mar 31, 2022 263.56 Mn
Dec 31, 2021 247.98 Mn
Sep 30, 2021 155.34 Mn
Jun 30, 2021 516.56 Mn