Buyback yield (TTM)
N/A
Shareholder yield (TTM)
N/A
5Y share count change
203.6%
Buyback spend (TTM)
N/A
Cumulative buybacks
$801.89M
Key takeaways
- Diluted share count is up 203.6% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- Cash buyback spend has compounded at -100.0% per year over the latest 5-year window.
- TTM repurchases used about 0% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Strategy (MSTR)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Strategy (MSTR)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Strategy (MSTR)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Strategy (MSTR)
Latest: $0.00
Overview
As of the 2025 fiscal year, Strategy (MSTR) reported buyback spend of $0.00.
Over 2020–2025 (5 years), Strategy buyback spend expanded at a -100.0% compound annual rate, with a net decline across the window.
Strategy buyback spend peaked at $134.49M in 2005; the latest annual figure is $0.00 in 2025 (100.0% below peak).
The record annual buyback spend stands at $134.49M, reached in 2005; the historical low of $0.00 was recorded in 1997.
Strategy Buyback Spend 2025: $0.00
Strategy buyback spend in 2025 was $0.00.
Strategy Buyback Spend 2024: $0.00
Strategy buyback spend in 2024 was $0.00.
Strategy Buyback Spend 2023: $0.00
Strategy buyback spend in 2023 was $0.00.
Strategy Buyback Spend 2022: $0.00
Strategy buyback spend in 2022 was $0.00.
Strategy Buyback Spend 2021: $0.00
Strategy buyback spend in 2021 was $0.00.
See more financial history for Strategy (MSTR).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $0.00 | $53.37M | −$53.37M | — | 0.29B | +52.7% | |
| 2024 | $0.00 | $77.12M | −$77.12M | — | 0.19B | +16.2% | |
| 2023 | $0.00 | $69.57M | −$69.57M | — | 0.17B | +46.3% | |
| 2022 | $0.00 | $63.62M | −$63.62M | — | 0.11B | +13.0% | |
| 2021 | $0.00 | $44.13M | −$44.13M | — | 0.10B | +3.5% | |
| 2020 | $123.22M | $11.15M | $112.07M | 3.37% | 0.10B | -6.2% | |
| 2019 | $72.72M | $10.21M | $62.51M | 5.00% | 0.10B | -9.5% | |
| 2018 | $110.98M | $14.64M | $96.34M | 7.80% | 0.11B | -1.2% | |
| 2017 | $0.00 | $14.27M | −$14.27M | — | 0.12B | +0.3% | |
| 2016 | $0.00 | $11.82M | −$11.82M | — | 0.12B | -0.2% | |
| 2015 | $0.00 | $17.30M | −$17.30M | — | 0.12B | +1.6% | |
| 2014 | $0.00 | $11.79M | −$11.79M | — | 0.11B | +0.5% | |
| 2013 | $0.00 | $2.08M | −$2.08M | — | 0.11B | +1.1% | |
| 2012 | $0.00 | $0.00 | $0.00 | — | 0.11B | +1.0% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 0.11B | -6.1% | |
| 2010 | $108.99M | $0.00 | $108.99M | 11.95% | 0.12B | -4.1% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.12B | -0.2% | |
| 2008 | $8.39M | $46.00K | $8.34M | 1.90% | 0.12B | -4.3% | |
| 2007 | $89.03M | $0.00 | $89.03M | 7.85% | 0.13B | -5.7% | |
| 2006 | $131.96M | $0.00 | $131.96M | 9.21% | 0.14B | -11.7% | |
| 2005 | $134.49M | $0.00 | $134.49M | 11.99% | 0.15B | -9.8% | |
| 2004 | $2.33M | $0.00 | $2.33M | 0.24% | 0.17B | +15.6% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.15B | +23.5% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.12B | +38.4% | |
| 2001 | $19.78M | $0.00 | $19.78M | 5.59% | 0.09B | +8.5% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.08B | -48.2% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.15B | +15.0% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.13B | +13.6% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.12B | — |
- 2025$0.00
- 2024$0.00
- 2023$0.00
- 2022$0.00
- 2021$0.00
- 2020$123.22M
- 2019$72.72M
- 2018$110.98M
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$0.00
- 2011$0.00
- 2010$108.99M
- 2009$0.00
- 2008$8.39M
- 2007$89.03M
- 2006$131.96M
- 2005$134.49M
- 2004$2.33M
- 2003$0.00
- 2002$0.00
- 2001$19.78M
- 2000$0.00
- 1999$0.00
- 1998$0.00
- 1997$0.00
Buybacks vs stock-based compensation for Strategy (MSTR)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 0.00×.
Buybacks vs dividends (share of cash returned) for Strategy (MSTR)
How Strategy splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Strategy, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $4.52B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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