Strategy Q3 FY26: where the revenue came from and where it went
The whole income statement of Strategy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2026
- Reported
- Nov 2, 2026
Revenue$0.13B
−3% year over year
Gross profit$0.09B
71% margin
Operating profit$20.91B
16671% margin
Net profit$19.53B
15573% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.13 | 100% | −3% |
| Subscription & circulation | 0.07 | 55% | +49% |
| Product support | 0.04 | 31% | |
| Service other | 0.02 | 12% | |
| License | <0.01 | 3% | −78% |
| Cost of revenue | −0.04 | 29% | |
| Gross profit | 0.09 | 71% margin | +1pp |
| R&D | −0.02 | 19% | +2pp |
| Sales & marketing | −0.03 | 26% | +2pp |
| G&A | −0.04 | 29% | −1pp |
| Digital asset gains | 20.91 | ||
| Operating profit | 20.91 | 16671% margin | +13647pp |
| Other income, net | 0.03 | ||
| Tax | −1.41 | ||
| Net profit | 19.53 | 15573% margin | +13409pp |
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