Elastic (ESTC) Cost of Revenue (2017 - 2026)

Elastic's (ESTC) quarterly Cost of Revenue came in at $111.1 million in Q2 2026, down 66.86% YoY from $335.1 million in Q2 2025, and up 4.34% on a QoQ basis from $106.4 million in Q1 2026.

Elastic (ESTC) Cost of Revenue (2017 - 2026) Analysis & Trends

Elastic's Cost of Revenue history runs 10 years deep, the most recent figure standing at $111.1 million for Q2 2026.

  • On a quarterly basis, Cost of Revenue fell 66.86% year-over-year to $111.1 million in Q2 2026; TTM through Apr 2026 was $416.3 million, a 43.7% decrease from a year earlier, with the FY2026 full-year figure at $416.3 million, down 32.55% from the prior year.
  • Cost of Revenue was $111.1 million for Q2 2026 at Elastic, up from $106.4 million in the prior quarter.
  • Over the last five years, Cost of Revenue for ESTC reached as high as $335.1 million in Q2 2025 and fell as low as $67.4 million in Q2 2022.
  • A 5-year average of $130.2 million and a median of $105.8 million in 2022 frame the typical range for Cost of Revenue.
  • The widest annual swing landed in 2024, when Cost of Revenue jumped 156.76%; it then slumped 66.86% in 2026.
  • Tracing ESTC's Cost of Revenue over 5 years: stood at $74.8 million in 2022, then jumped by 78.22% to $133.2 million in 2023, then sank by 30.06% to $93.2 million in 2024, then gained by 9.5% to $102.0 million in 2025, then advanced by 8.85% to $111.1 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $111.1 million, $106.4 million, and $102.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 55.33 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 1.33 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.62 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 3.77 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 211.49 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 940.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 3.07 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 715.00 Mn
10 Elastic 6.35 Bn 5.57 Bn 339.62 Mn 111.06 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 111.06 Mn
Apr 30, 2026 111.06 Mn
Jan 31, 2026 106.44 Mn
Jan 31, 2026 106.44 Mn
Oct 31, 2025 102.03 Mn
Oct 31, 2025 102.03 Mn
Jul 31, 2025 96.75 Mn
Jul 31, 2025 96.75 Mn
Apr 30, 2025 335.09 Mn
Apr 30, 2025 335.09 Mn
Jan 31, 2025 153.75 Mn
Jan 31, 2025 153.75 Mn
Oct 31, 2024 93.18 Mn
Oct 31, 2024 93.18 Mn
Jul 31, 2024 157.36 Mn
Jul 31, 2024 157.36 Mn
Apr 30, 2024 317.44 Mn
Apr 30, 2024 317.44 Mn
Jan 31, 2024 141.62 Mn
Jan 31, 2024 141.62 Mn