Elastic (ESTC) Gross Margin (2017 - 2026)
Elastic's (ESTC) quarterly Gross Margin came in at 75.36% in Q2 2026, up 53.0% YoY from 49.25% in Q2 2025, and down 1.29% on a QoQ basis from 76.34% in Q1 2026.
Elastic (ESTC) Gross Margin (2017 - 2026) Analysis & Trends
Elastic's Gross Margin history runs 10 years deep, the most recent figure standing at 75.36% for Q2 2026.
- On a quarterly basis, Gross Margin rose 53.0% year-over-year to 75.36% in Q2 2026; TTM through Apr 2026 was 76.07%, a 168.0% increase from a year earlier, with the FY2026 full-year figure at 76.07%, up 168.0% from the prior year.
- Gross Margin was 75.36% for Q2 2026 at Elastic, down from 76.34% in the prior quarter.
- Over the last five years, Gross Margin for ESTC reached as high as 76.7% in Q3 2025 and fell as low as 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 widest annual swing landed in 2022, when Gross Margin tumbled 346 bps; it then jumped 311 bps in 2025.
- Tracing ESTC's Gross Margin over 5 years: 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 fell 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Elastic | 6.35 Bn | 5.57 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% |