MicroStrategy Incorporated
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | Q3 16 | Q4 16 | Q1 17 | Q2 17 | Q3 17 | Q4 17 | Q1 18 | Q2 18 | Q3 18 | Q4 18 | Q1 19 | Q2 19 | Q3 19 | Q4 19 | Q1 20 | Q2 20 | Q3 20 | Q4 20 | Q1 21 | Q2 21 | Q3 21 | Q4 21 | Q1 22 | Q2 22 | Q3 22 | Q4 22 | Q1 23 | Q2 23 | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||||||||||||
| 19.5 | 25.1 | 23.6 | 26.7 | 19.6 | 86.0 | 413.3 | – | – | 63.3 | 115.3 | 51.9 | 60.0 | 42.8 | 27.6 | 44.5 | 730.7 | – | – | – | – | – | – | – | – | – | – | 26.7 | 51.7 | 27.0 | – | – | – | – | – | 25.1 | 12.4 | – | – | – | |
| 3.7 | 4.5 | 4.2 | 4.3 | 2.9 | 3.0 | 2.9 | 2.9 | 3.2 | 2.9 | 3.0 | 3.0 | 3.2 | 3.0 | 2.5 | 2.4 | 3.0 | 8.0 | 13.3 | 12.8 | 11.4 | 11.4 | 10.8 | 3.7 | 4.8 | 3.2 | 8.5 | 11.0 | 9.3 | 23.4 | 59.9 | 51.2 | 71.2 | 138.5 | 161.0 | 260.6 | 206.2 | 93.6 | 85.0 | 59.9 | |
| 3.7 | 4.1 | 3.8 | 3.8 | 2.4 | 2.5 | 2.4 | 2.4 | 2.6 | 2.7 | 3.1 | 2.9 | 3.0 | 2.9 | 2.6 | 2.5 | 3.7 | 6.9 | 17.9 | 83.7 | 12.5 | 5.9 | 6.4 | – | – | – | 9.6 | 6.7 | 5.6 | 5.4 | 12.2 | 8.7 | 8.8 | 3.5 | 2.2 | 2.4 | 1.7 | 0.9 | 0.9 | 0.7 | |
| 3.0 | 3.7 | 3.5 | 3.6 | 2.1 | 2.1 | 2.6 | 2.7 | 3.0 | – | 2.7 | 2.6 | 2.4 | – | 1.6 | 1.6 | 2.9 | 8.9 | 16.5 | 16.9 | 15.5 | 15.6 | 15.4 | 8.3 | 9.5 | 7.9 | 12.6 | 15.2 | 13.5 | 27.7 | 67.0 | 59.1 | 80.1 | 153.9 | 178.6 | 278.1 | 223.3 | 106.0 | 97.2 | 69.9 | |
| 11.6 | 15.1 | 14.5 | 15.5 | 9.9 | 12.1 | 19.5 | 28.2 | 48.5 | – | – | – | – | – | 37.5 | 22.9 | 25.8 | 61.1 | 99.9 | – | – | – | – | – | – | 184.3 | 29.8 | 6.9 | 6.4 | – | – | – | – | – | – | 10.2 | 6.3 | 106.6 | 99.9 | – | |
| 16.3 | 21.1 | 26.1 | 28.4 | 23.4 | 20.2 | 22.4 | 24.7 | 35.2 | 376.9 | 219.1 | 61.9 | 54.8 | 29.0 | 20.2 | 32.7 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |
| 6.1% | 4.7% | 3.8% | 3.5% | 4.3% | 4.9% | 4.5% | 4.0% | 2.8% | 0.3% | 0.5% | 1.6% | 1.8% | 3.5% | 5.0% | 3.1% | -26.9% | -28.1% | -32.5% | -40.8% | -45.4% | -43.6% | -30.7% | -64.6% | -33.3% | -17.8% | -6.0% | -10.7% | -16.2% | -16.3% | -11.5% | -15.5% | -15.8% | -34.5% | -38.1% | -28.4% | -38.3% | -50.5% | -53.1% | -72.9% | |
| Margins | ||||||||||||||||||||||||||||||||||||||||
| 81.9% | 81.8% | 81.9% | 81.7% | 81.2% | 80.9% | 80.5% | 80.4% | 80.5% | 80.0% | 79.5% | 79.3% | 79.1% | 79.4% | 79.6% | 79.6% | 80.3% | 81.1% | 81.9% | 82.6% | 82.5% | 82.0% | 81.3% | 80.7% | 80.0% | 79.4% | 79.0% | 78.6% | 78.5% | 77.8% | 77.1% | 75.9% | 73.6% | 72.1% | 70.9% | 70.1% | 70.1% | 68.7% | 68.1% | 67.6% | |
| 22.6% | 21.0% | 21.1% | 19.9% | 18.3% | 14.8% | 10.8% | 7.7% | 4.9% | 0.8% | -1.5% | -2.1% | -2.6% | -0.2% | 1.9% | 4.3% | -0.9% | -2.8% | -40.0% | -121.8% | -127.4% | -153.6% | -152.1% | -253.1% | -243.3% | -255.5% | -224.4% | -46.9% | -52.7% | -23.2% | -61.0% | -98.2% | -188.2% | -399.8% | -362.5% | -320.1% | -220.5% | -8.6% | -8.2% | -1,676.7% | |
| 19.2% | 17.7% | 17.9% | 16.3% | 14.7% | 3.5% | 0.7% | -0.3% | -1.4% | 4.5% | 2.6% | 5.8% | 5.3% | 7.1% | 8.9% | 5.5% | 0.4% | -1.6% | -24.0% | -83.0% | -87.2% | -104.8% | -109.7% | -261.8% | -261.4% | -294.4% | -174.9% | 41.3% | 17.9% | 86.5% | -17.4% | -43.7% | -87.0% | -251.7% | -1,160.7% | 1,036.6% | 1,667.1% | -806.3% | -2,482.0% | -6,103.0% | |
| 23.0% | 21.1% | 16.2% | 15.3% | 12.4% | 14.7% | 13.0% | 11.7% | 9.2% | 0.8% | 1.4% | 4.9% | 5.8% | 10.4% | 12.2% | 7.4% | -80.8% | -223.6% | -432.2% | -520.9% | -517.0% | -496.4% | -332.0% | -238.0% | -159.7% | -57.5% | -51.2% | -118.3% | -149.6% | -381.4% | -686.8% | -793.6% | -1,125.8% | -4,777.0% | -6,140.1% | -7,398.3% | -7,907.5% | -4,731.3% | -4,515.1% | -4,364.3% | |
| Returns | ||||||||||||||||||||||||||||||||||||||||
| 19.0% | 16.5% | 16.1% | 14.1% | 12.2% | 3.0% | 0.6% | -0.2% | -1.1% | 4.2% | 2.7% | 5.7% | 4.9% | 6.8% | 9.3% | 5.7% | 0.5% | -1.4% | -32.4% | -543.7% | -96.0% | -54.7% | -64.5% | – | – | – | -198.1% | 25.2% | 10.7% | 19.8% | -3.5% | -7.4% | -10.8% | -6.4% | -15.9% | 9.5% | 13.6% | -7.5% | -26.7% | -67.1% | |
| 13.4% | 11.8% | 11.7% | 10.4% | 9.2% | 2.1% | 0.4% | -0.2% | -0.8% | 2.6% | 1.5% | 3.2% | 2.9% | 3.7% | 5.1% | 3.1% | 0.3% | -0.5% | -4.8% | -16.0% | -14.8% | -15.1% | -15.3% | -51.4% | -51.5% | -61.0% | -29.0% | 6.1% | 2.7% | 9.0% | -1.3% | -3.0% | -4.9% | -4.5% | -12.1% | 7.4% | 10.8% | -6.2% | -22.4% | -57.9% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||||||||||||
| -366 | -401 | -359 | -380 | -387 | -420 | -152 | -90 | -112 | – | -143 | -229 | -346 | – | -397 | -389 | -44 | 472 | 1,590 | 2,105 | 2,106 | 2,138 | 2,314 | 2,341 | 2,353 | 2,335 | 2,082 | 2,112 | 2,136 | 2,146 | 3,478 | 3,782 | 4,166 | 7,164 | 8,078 | 8,113 | 8,120 | 5,889 | 5,989 | 4,998 | |
| -2.7 | -3.2 | -2.9 | -3.2 | -3.6 | -4.7 | -2.2 | -1.8 | -3.6 | – | – | – | – | – | -18.9 | -11.7 | -0.8 | 6.7 | 19.5 | – | – | – | – | – | – | 109.0 | 9.8 | 1.9 | 2.0 | – | – | – | – | – | – | 0.6 | 0.5 | 12.4 | 12.6 | – | |
| 70.7% | 71.9% | 72.7% | 74.0% | 75.3% | 70.7% | 64.6% | 66.9% | 69.6% | 61.9% | 53.8% | 55.9% | 58.0% | 55.5% | 54.3% | 55.0% | 50.4% | 37.7% | 14.9% | 3.0% | 15.4% | 27.5% | 23.7% | -7.3% | -7.9% | -15.9% | 14.6% | 24.4% | 24.9% | 45.5% | 37.8% | 40.2% | 45.2% | 70.5% | 76.3% | 77.8% | 78.9% | 82.8% | 84.1% | 86.2% | |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | – | 0.2 | 0.1 | 0.1 | – | 0.1 | 0.1 | 0.0 | 1.0 | 4.6 | 27.9 | 4.7 | 2.2 | 2.8 | – | – | – | 4.9 | 2.7 | 2.6 | 1.0 | 1.5 | 1.4 | 1.1 | 0.4 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | |
| Per Share | ||||||||||||||||||||||||||||||||||||||||
| 0.86 | 0.79 | 0.80 | 0.72 | 0.65 | 0.15 | 0.03 | -0.01 | -0.06 | 0.20 | 0.13 | 0.28 | 0.25 | 0.33 | 0.43 | 0.27 | 0.02 | -0.08 | -1.23 | -4.32 | -4.43 | -5.01 | -4.93 | -11.67 | -11.59 | -12.91 | -6.02 | 1.28 | 0.64 | 2.34 | -0.50 | -1.18 | -2.06 | -5.26 | -20.79 | 16.08 | 26.05 | -13.09 | -36.46 | -88.60 | |
| 4.48 | 4.43 | 4.45 | 4.41 | 4.41 | 4.42 | 4.41 | 4.42 | 4.37 | 4.46 | 4.74 | 4.73 | 4.70 | 4.72 | 4.81 | 4.88 | 5.02 | 4.88 | 5.10 | 5.20 | 5.08 | 4.78 | 4.49 | 4.46 | 4.43 | 4.38 | 3.44 | 3.11 | 3.55 | 2.70 | 2.85 | 2.69 | 2.37 | 2.09 | 1.79 | 1.55 | 1.56 | 1.62 | 1.47 | 1.45 | |
| 4.51 | 4.78 | 4.93 | 5.09 | 5.33 | 5.16 | 5.34 | 5.40 | 5.51 | 4.75 | 4.63 | 4.88 | 5.00 | 4.94 | 4.60 | 4.71 | 4.05 | 5.62 | 3.78 | 0.79 | 4.61 | 9.17 | 7.64 | -1.66 | -1.77 | -3.36 | 3.04 | 5.09 | 5.91 | 11.78 | 13.96 | 15.87 | 19.13 | 82.26 | 130.72 | 169.01 | 191.18 | 173.62 | 136.67 | 132.04 | |
| 1.03 | 0.94 | 0.72 | 0.68 | 0.55 | 0.65 | 0.58 | 0.52 | 0.40 | 0.03 | 0.07 | 0.23 | 0.27 | 0.49 | 0.58 | 0.36 | -4.06 | -10.92 | -22.05 | -27.09 | -26.24 | -23.74 | -14.91 | -10.61 | -7.08 | -2.52 | -1.76 | -3.68 | -5.30 | -10.30 | -19.56 | -21.35 | -26.66 | -99.90 | -109.95 | -114.76 | -123.54 | -76.80 | -66.32 | -63.36 | |
Showing the most recent 40 periods — older statements are on file for this stock.
Data as of: October 2, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.