Elastic (ESTC) Gross Margin (2017 - 2026)
Elastic (ESTC) reported Gross Margin of 75.36% for Q2 2026, up 53.0% on a YoY basis from 49.25% in Q2 2025, and down 1.29% sequentially from 76.34% in Q1 2026.
Elastic (ESTC) Gross Margin (2017 - 2026) Analysis & Trends
Elastic (ESTC) has 10 years of Gross Margin data on file, last reported at 75.36% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 53.0% year-over-year to 75.36%; the trailing twelve-month figure through Apr 2026 stood at 76.07% (up 168.0% YoY), and the FY2026 full-year result was 76.07%, up 168.0% from the prior year.
- Gross Margin retreated to 75.36% in Q2 2026, from 76.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 76.7% in Q3 2025 to a low of 70.82% in Q3 2022.
- A 5-year average of 73.94% and a median of 73.98% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 346 bps in 2022 and surged 311 bps in 2025, its largest moves.
- Tracing ESTC's Gross Margin over 5 years: stood at 71.73% in 2022, then gained by 3 bps to 74.22% in 2023, then gained by 0 bps to 74.5% in 2024, then gained by 2 bps to 75.91% in 2025, then dropped by 1 bps to 75.36% in 2026.
- Business Quant data shows ESTC's Gross Margin at 75.36% in Q2 2026, 76.34% in Q1 2026, and 75.91% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Elastic | 6.04 Bn | 5.27 Bn | 339.62 Mn | 75.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 75.36% |
| Jan 31, 2026 | 76.34% |
| Oct 31, 2025 | 75.91% |
| Jul 31, 2025 | 76.70% |
| Apr 30, 2025 | 74.83% |
| Jan 31, 2025 | 74.57% |
| Oct 31, 2024 | 74.50% |
| Jul 31, 2024 | 73.59% |
| Apr 30, 2024 | 73.77% |
| Jan 31, 2024 | 74.19% |
| Oct 31, 2023 | 74.22% |
| Jul 31, 2023 | 73.63% |
| Apr 30, 2023 | 73.68% |
| Jan 31, 2023 | 72.61% |
| Oct 31, 2022 | 71.73% |
| Jul 31, 2022 | 70.82% |
| Apr 30, 2022 | 71.86% |
| Jan 31, 2022 | 72.63% |
| Oct 31, 2021 | 73.84% |
| Jul 31, 2021 | 74.28% |