Elastic (ESTC) FCF Margin (2018 - 2026)
Elastic (ESTC) recorded FCF Margin of 27.49% in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 2.40 percentage points from 25.09% a year earlier but down 5.76 percentage points from the prior quarter.
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Analysis
Elastic (ESTC) FCF Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Elastic's FCF Margin came in at 19.37% as of Jul 31, 2026, down 0.87 percentage points year-over-year; for FY2026 (ended Apr 30, 2026), it was 18.50%, up 0.85 percentage points from FY2025.
- Annual FCF Margin has increased for four straight fiscal years, with a five-year change of +15.44 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, FCF Margin came in at 17.65% in FY2025 (+6.19 pp), 11.47% in FY2024 (+8.38 pp), 3.08% in FY2023 (+2.72 pp) and 0.37% in FY2022 (-2.69 pp).
- Quarterly FCF Margin has ranged from -5.08% in fiscal Q2 2022 to 33.24% in fiscal Q4 2026 over the past five years.
- On a year-over-year basis, FCF Margin rose in six of the last eight quarters, with an average year-over-year change of +3.58 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 16.73 percentage points in fiscal Q1 2024, against a drop of 13.55 percentage points in fiscal Q3 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 33.24% (Q4 2026), 9.29% (Q3 2026) and 6.14% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | Elastic | 9.24 Bn | 3.77 Bn | 356.19 Mn | 27.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 27.49% |
| Apr 30, 2026 | 33.24% |
| Jan 31, 2026 | 9.29% |
| Oct 31, 2025 | 6.14% |
| Jul 31, 2025 | 25.09% |
| Apr 30, 2025 | 21.85% |
| Jan 31, 2025 | 22.85% |
| Oct 31, 2024 | 10.31% |
| Jul 31, 2024 | 14.97% |
| Apr 30, 2024 | 17.94% |
| Jan 31, 2024 | 15.65% |
| Oct 31, 2023 | -1.06% |
| Jul 31, 2023 | 12.66% |
| Apr 30, 2023 | 9.25% |
| Jan 31, 2023 | 2.54% |
| Oct 31, 2022 | 3.90% |
| Jul 31, 2022 | -4.07% |
| Apr 30, 2022 | -1.90% |
| Jan 31, 2022 | 2.15% |
| Oct 31, 2021 | -5.08% |
API Access
Elastic FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ESTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ESTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ESTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();