U.S was Strategy’s largest region in fiscal 2025, bringing in $1.36B of $2.39B (57%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic | — | — | — | — | ||||||||||||
| U.S | — | $1.42B | $1.30B | $1.36B | ||||||||||||
| United States | $1.47B | — | — | — | ||||||||||||
| Emea | $763.07M | $779.57M | $779.62M | $813.31M | ||||||||||||
| Other Regions | $259.77M | $280.87M | $239.76M | $211.77M | ||||||||||||
| Other Domestic | — | — | — | — | ||||||||||||
| Total | $2.50B | $2.48B | $2.32B | $2.39B |
Strategy brought in $2.39B from its three regions in fiscal 2025, the year ended December 31, 2025. That was up 3.0% from $2.32B in fiscal 2024. U.S was the largest at $1.36B (57.0%), ahead of Emea at $813.31M (34.1%) and Other Regions at $211.77M (8.9%).
Compared with fiscal 2024, U.S grew fastest, up 4.9% to $1.36B, while Other Regions fell the most, down 11.7% to $211.77M.
Strategy began breaking out U.S in fiscal 2023, when it brought in $1.42B. Strategy stopped reporting United States as a separate region after fiscal 2022, when it brought in $1.47B.
Product Support was Strategy’s largest product and service line in fiscal 2025, bringing in $1.02B of $2.39B (43%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product Support | $1.33B | $1.32B | $1.22B | $1.02B | ||||||
| Product Licenses | $432.49M | $376.76M | $242.84M | $198.37M | ||||||
| Other Services | $427.50M | $379.22M | $321.54M | $288.39M | ||||||
| Subscription Services | $303.73M | $405.90M | $533.88M | $878.29M | ||||||
| Total | $2.50B | $2.48B | $2.32B | $2.39B |
Strategy brought in $2.39B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 3.0% from $2.32B in fiscal 2024. Product Support was the largest at $1.02B (42.8%), ahead of Subscription Services at $878.29M (36.8%) and Other Services at $288.39M (12.1%). The remaining line, Product Licenses, brought in $198.37M.
Compared with fiscal 2024, Subscription Services grew fastest, up 64.5% to $878.29M, while Product Licenses fell the most, down 18.3% to $198.37M. From fiscal 2022 to 2025, combined revenue from these lines fell from $2.50B to $2.39B, a compound annual decline of 1.5%. Product Support's share of the total fell from 53.4% to 42.8%.
Strategy (MSTR) reports its revenue by geography and by product and service. In fiscal 2025, U.S was its largest region, bringing in $1.36B (57.0% of the total), followed by Emea at $813.31M (34.1%).
U.S was Strategy's largest region in fiscal 2025, bringing in $1.36B, or 57.0% of the $2.39B total across its three regions.
Product Support was Strategy's largest product and service line in fiscal 2025, bringing in $1.02B, or 42.8% of the $2.39B total across its four product and service lines.
Among Strategy's regions that make up at least 2% of revenue, U.S grew fastest in fiscal 2025, up 4.9% from $1.30B to $1.36B.
Every figure comes from Strategy's annual financial filings, as reported. Each line keeps the name Strategy gives it, and years follow its fiscal calendar.
Strategy's revenue by geography goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.