Operating Income for Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's current operating income (TTM) is -$5.44B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSTR
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
-$5.44B
YoY change
+193.8%
5Y CAGR
N/A
Peak year (2015)
$134.02M
Cumulative operating income
-$8.71B
Operating Income history chart for Strategy (MSTR) from 1997 to 2025
Operating Income history table for Strategy (MSTR) from 1997 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | -$5.44B | +193.8% | ||
| 2024 | -$1.85B | +1510.6% | ||
| 2023 | -$115.05M | -91.0% | ||
| 2022 | -$1.28B | +62.6% | ||
| 2021 | -$784.53M | +5658.0% | ||
| 2020 | -$13.63M | +1259.8% | ||
| 2019 | -$1.00M | -125.2% | ||
| 2018 | $3.98M | -94.6% | ||
| 2017 | $73.22M | -33.1% | ||
| 2016 | $109.51M | -18.3% | ||
| 2015 | $134.02M | +2525.8% | ||
| 2014 | $5.10M | -73.7% | ||
| 2013 | $19.44M | -41.3% | ||
| 2012 | $33.10M | +58.6% | ||
| 2011 | $20.87M | -58.8% | ||
| 2010 | $50.59M | -41.4% | ||
| 2009 | $86.30M | +27.3% | ||
| 2008 | $67.80M | -23.1% | ||
| 2007 | $88.22M | -11.6% | ||
| 2006 | $99.79M | +6.3% | ||
| 2005 | $93.87M | +37.1% | ||
| 2004 | $68.45M | +144.7% | ||
| 2003 | $27.97M | +168.4% | ||
| 2002 | $10.42M | -115.6% | ||
| 2001 | -$66.72M | -43.4% | ||
| 2000 | -$117.84M | +365.8% | ||
| 1999 | -$25.30M | +892.4% | ||
| 1998 | -$2.55M | +302.1% | ||
| 1997 | -$634,000 | — |
Operating Income values are taken from Strategy's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Strategy (MSTR) came in at -$5.44B – surged 193.8% year-over-year.
Between 2015 and 2025, Strategy operating income plunged 4162.3%, falling from $134.02M to -$5.44B.
Across the available history, operating income reached its high of $134.02M in 2015 and its low of -$5.44B in 2025.
Within Technology, Strategy (MSTR) ranks 9th among 8 peers we track. The peer median for operating income is $77.01B.
Strategy Operating Income by Year
Strategy Operating Income 2025: -$5.44B
Strategy operating income in 2025 was -$5.44B, surged 193.8% from 2024. This figure represents the lowest annual value in the available history.
Strategy Operating Income 2024: -$1.85B
Strategy operating income in 2024 was -$1.85B, surged 1510.6% from 2023.
Strategy Operating Income 2023: -$115.05M
Strategy operating income in 2023 was -$115.05M, plunged 91.0% below 2022.
Strategy Operating Income 2022: -$1.28B
Strategy operating income in 2022 was -$1.28B, surged 62.6% from 2021.
Strategy Operating Income 2021: -$784.53M
Strategy operating income in 2021 was -$784.53M.
See more financial history for Strategy (MSTR).
Sector peers — Operating Income
Companies in the same sector as Strategy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Strategy's operating income?
- Latest reported operating income for Strategy (MSTR) is -$5.44B (period ending December 31, 2025).
How has Strategy operating income changed year-over-year?
- Strategy (MSTR) operating income changed +193.8% year-over-year on the latest annual filing.
When did Strategy operating income hit its highest annual value?
- Strategy operating income reached its highest annual value of $134.02M in 2015.
What was Strategy operating income in 2024?
- Strategy (MSTR) operating income in 2024 was -$1.85B.
What was Strategy operating income in 2025?
- Strategy (MSTR) operating income in 2025 was -$5.44B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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