Elastic (ESTC) Market Capitalization (2018 - 2026)
Elastic's Market Capitalization came in at $6.92 billion for fiscal Q1 2027 (quarter ended Jul 31, 2026), down 22.2% from $8.89 billion a year earlier but up 42.2% from the prior quarter.
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Analysis
Elastic (ESTC) Market Capitalization (2018 - 2026) Analysis & Trends
For FY2026 (ended Apr 30, 2026), Elastic's Market Capitalization was $4.86 billion, down 46.5% from FY2025.
- Market Capitalization carries a five-year compound annual growth rate of -14.9% (FY2021 to FY2026).
- Going back by fiscal year, Market Capitalization was $9.1 billion in FY2025 (-12.5%), $10.4 billion in FY2024 (+86.5%), $5.58 billion in FY2023 (-22.8%) and $7.22 billion in FY2022 (-33.9%).
- The five-year range for quarterly Market Capitalization is $4.86 billion (fiscal Q4 2026) to $16.07 billion (fiscal Q2 2022).
- Year-over-year, Market Capitalization has declined for three consecutive quarters, with an average decline of 15.0% over the last eight quarters.
- The fastest year-over-year change in Market Capitalization over five years came in fiscal Q3 2024 (growth of 107.8%), and the weakest in fiscal Q2 2023 (a decline of 62.0%).
- Business Quant data shows ESTC's Market Capitalization at $4.86 billion (Q4 2026), $6.87 billion (Q3 2026) and $9.4 billion (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn |
| 10 | Elastic | 9.34 Bn | 3.87 Bn | 356.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 6.92 Bn |
| Apr 30, 2026 | 4.86 Bn |
| Jan 31, 2026 | 6.87 Bn |
| Oct 31, 2025 | 9.40 Bn |
| Jul 31, 2025 | 8.89 Bn |
| Apr 30, 2025 | 9.10 Bn |
| Jan 31, 2025 | 11.75 Bn |
| Oct 31, 2024 | 8.31 Bn |
| Jul 31, 2024 | 11.27 Bn |
| Apr 30, 2024 | 10.40 Bn |
| Jan 31, 2024 | 11.80 Bn |
| Oct 31, 2023 | 7.48 Bn |
| Jul 31, 2023 | 6.54 Bn |
| Apr 30, 2023 | 5.58 Bn |
| Jan 31, 2023 | 5.68 Bn |
| Oct 31, 2022 | 6.11 Bn |
| Jul 31, 2022 | 7.59 Bn |
| Apr 30, 2022 | 7.22 Bn |
| Jan 31, 2022 | 8.71 Bn |
| Oct 31, 2021 | 16.07 Bn |
API Access
Elastic Market Capitalization 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=market-capitalization&ticker=ESTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=ESTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();