Elastic (ESTC) Gross Margin (2017 - 2026)

Elastic (ESTC) posted Gross Margin of 75.36% for Q2 2026, down 1.29% sequentially from 76.34% in Q1 2026, and up 53.0% YoY from 49.25% in Q2 2025.

Elastic (ESTC) Gross Margin (2017 - 2026) Analysis & Trends

Elastic has reported Gross Margin for 10 years, with the latest figure at 75.36% in Q2 2026.

Quarterly Gross Margin rose 53.0% year-over-year to 75.36% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 76.07% (up 168.0% YoY) and the FY2026 annual result came in at 76.07%, up 168.0% from the prior year.
Gross Margin retreated to 75.36% in Q2 2026 per ESTC's latest filing, from 76.34% in the prior quarter.
Over five years, Gross Margin peaked at 76.7% in Q3 2025 and troughed at 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.
The sharpest annual moves came in 2022 and 2025: Gross Margin plunged 346 bps in 2022, then jumped 311 bps in 2025.
Over 5 years, Gross Margin stood at 71.73% in 2022, then grew by 3 bps to 74.22% in 2023, then grew by 0 bps to 74.5% in 2024, then grew by 2 bps to 75.91% in 2025, then retreated by 1 bps to 75.36% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 75.36%, 76.34%, and 75.91% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	73.08%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	47.67%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	76.92%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	44.93%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	70.68%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	66.61%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	45.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	89.20%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	84.61%
10	Elastic	9.08 Bn	8.31 Bn	339.62 Mn	75.36%

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