Elastic (ESTC) Net Margin (2017 - 2026)

Elastic (ESTC) posted Net Margin of 96.72% for Q2 2026, up 5503.71% sequentially from 1.73% in Q1 2026, and up 10093.0% YoY from N/an in Q2 2025.

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

Elastic has reported Net Margin for 10 years, with the latest figure at 96.72% in Q2 2026.

Quarterly Net Margin rose 10093.0% year-over-year to 96.72% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 21.14% (up 2843.0% YoY) and the FY2026 annual result came in at 21.14%, up 2843.0% from the prior year.
Net Margin grew to 96.72% in Q2 2026 per ESTC's latest filing, from 1.73% in the prior quarter.
Over five years, Net Margin peaked at 96.72% in Q2 2026 and troughed at 27.81% in Q3 2022.
A 5-year average of 4.11% and a median of 12.19% in 2024 frame the typical range for Net Margin.
The sharpest annual moves came in 2025 and 2026: Net Margin plunged 5815 bps in 2025, then soared 10093 bps in 2026.
Over 5 years, Net Margin stood at 17.88% in 2022, then jumped by 55 bps to 7.97% in 2023, then climbed by 12 bps to 6.97% in 2024, then sank by 74 bps to 12.11% in 2025, then surged by 899 bps to 96.72% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 96.72%, 1.73%, and 12.11% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	21.16%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	41.92%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	18.93%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	17.17%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	7.47%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-21.25%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	17.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	25.87%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	35.80%
10	Elastic	9.08 Bn	8.31 Bn	339.62 Mn	96.72%

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