Elastic (ESTC) Gross Margin (2017 - 2026)
Elastic recorded quarterly Gross Margin of 76.34% in Q1 2026, up 0.57% quarter-over-quarter from 75.91% in Q4 2025, and up 177.0% year-over-year from 27.56% in Q1 2025.
Elastic's Gross Margin history runs 10 years deep, the most recent figure standing at 76.34% for Q1 2026.
- In Q1 2026, Gross Margin rose 177.0% year-over-year to 76.34%; the TTM figure through Jan 2026 stood at 75.97% (up 184.0% YoY), while the FY2025 annual figure was 74.39%, up 44.0% from the prior year.
- Gross Margin came in at 76.34% for Q1 2026 at Elastic, up from 75.91% 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 73.86% and a median of 73.77% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 346 bps in 2022 and soared 311 bps in 2025, its largest moves.
- Elastic's Gross Margin stood at 71.73% in 2022, then climbed by 3 bps to 74.22% in 2023, then climbed by 0 bps to 74.5% in 2024, then climbed by 2 bps to 75.91% in 2025, then grew by 1 bps to 76.34% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 76.34%, 75.91%, and 76.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Elastic | 5.79 Bn | 5.05 Bn | 343.44 Mn | 76.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 74.21% |
| Jan 31, 2021 | 73.29% |
| Oct 31, 2020 | 73.46% |
| Jul 31, 2020 | 72.97% |
| Apr 30, 2020 | 72.28% |
| Jan 31, 2020 | 70.49% |
| Oct 31, 2019 | 71.55% |
| Jul 31, 2019 | 70.74% |
| Apr 30, 2019 | 70.92% |
| Jan 31, 2019 | 71.17% |
| Oct 31, 2018 | 70.76% |
| Jul 31, 2018 | 72.54% |
| Apr 30, 2018 | 72.57% |
| Jan 31, 2018 | 74.17% |
| Oct 31, 2017 | 75.81% |