TTM
-2715.4%
YoY change
−741.00pp
Trough year (2025)
-1140.8%
Peak year (2005)
34.9%
Latest annual
-1140.8%
Operating Margin history chart for Strategy (MSTR) from 1997 to 2025
Latest: -1140.8%
Operating Margin change chart for Strategy (MSTR) from 1997 to 2025
Latest: −741.00pp
Operating Margin history table for Strategy (MSTR) from 1997 to 2025
| 2025 | -1140.8% | -741.00pp | ||
| 2024 | -399.8% | -376.63pp | ||
| 2023 | -23.2% | +232.34pp | ||
| 2022 | -255.5% | -101.93pp | ||
| 2021 | -153.6% | -150.77pp | ||
| 2020 | -2.8% | -2.63pp | ||
| 2019 | -0.2% | -1.01pp | ||
| 2018 | 0.8% | -13.73pp | ||
| 2017 | 14.5% | -6.79pp | ||
| 2016 | 21.3% | -3.97pp | ||
| 2015 | 25.3% | +24.41pp | ||
| 2014 | 0.9% | -2.50pp | ||
| 2013 | 3.4% | -2.48pp | ||
| 2012 | 5.9% | +1.97pp | ||
| 2011 | 3.9% | -7.24pp | ||
| 2010 | 11.1% | -11.72pp | ||
| 2009 | 22.8% | +4.03pp | ||
| 2008 | 18.8% | -6.35pp | ||
| 2007 | 25.2% | -6.64pp | ||
| 2006 | 31.8% | -3.14pp | ||
| 2005 | 34.9% | +5.33pp | ||
| 2004 | 29.6% | +13.67pp | ||
| 2003 | 15.9% | +8.88pp | ||
| 2002 | 7.1% | +44.03pp | ||
| 2001 | -37.0% | +17.76pp | ||
| 2000 | -54.7% | -38.02pp | ||
| 1999 | -16.7% | -14.05pp | ||
| 1998 | -2.7% | -1.46pp | ||
| 1997 | -1.2% | — |
- 2025-1140.8%-741.00pp
- 2024-399.8%-376.63pp
- 2023-23.2%+232.34pp
- 2022-255.5%-101.93pp
- 2021-153.6%-150.77pp
- 2020-2.8%-2.63pp
- 2019-0.2%-1.01pp
- 20180.8%-13.73pp
- 201714.5%-6.79pp
- 201621.3%-3.97pp
- 201525.3%+24.41pp
- 20140.9%-2.50pp
- 20133.4%-2.48pp
- 20125.9%+1.97pp
- 20113.9%-7.24pp
- 201011.1%-11.72pp
- 200922.8%+4.03pp
- 200818.8%-6.35pp
- 200725.2%-6.64pp
- 200631.8%-3.14pp
- 200534.9%+5.33pp
- 200429.6%+13.67pp
- 200315.9%+8.88pp
- 20027.1%+44.03pp
- 2001-37.0%+17.76pp
- 2000-54.7%-38.02pp
- 1999-16.7%-14.05pp
- 1998-2.7%-1.46pp
- 1997-1.2%—
Operating Margin values are taken from Strategy's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Strategy (MSTR)
According to Strategy's latest reported financial statements, the company's latest reported operating margin is -2715.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Strategy (MSTR) came in at -1140.82% – contracted 741.0 percentage points year-over-year.
34.94% stands as the all-time-high annual operating margin, posted in 2005, against a low of -1140.82% during 2025.
Strategy Operating Margin by Year
Strategy Operating Margin 2025: -1140.8%
Strategy posted operating margin of -1140.82% in 2025, contracted 741.0 percentage points from 2024. This figure represents the lowest annual value in the available history.
Strategy Operating Margin 2024: -399.8%
In 2024, Strategy reported operating margin of -399.82%, contracted 376.6 percentage points from 2023.
Strategy Operating Margin 2023: -23.2%
Strategy operating margin in 2023 was -23.18%, expanded 232.3 percentage points from 2022.
Strategy Operating Margin 2022: -255.5%
2022's operating margin for Strategy came in at -255.52%, contracted 101.9 percentage points from 2021.
Strategy Operating Margin 2021: -153.6%
Strategy operating margin in 2021 was -153.60%.
See more financial history for Strategy (MSTR).
Sector peers by Operating Margin
Technology peers of Strategy (MSTR), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
Frequently asked questions
Strategy (MSTR) Key Financials
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