Elastic (ESTC) Net Margin (2017 - 2026)
Elastic (ESTC) posted Net Margin of -3.50% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 2.43 percentage points from -5.92% a year earlier but down 100.22 percentage points from the prior quarter.
Elastic (ESTC) Net Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Net Margin at Elastic was 20.84%, up 26.23 percentage points year-over-year; for FY2026 (ended Apr 30, 2026), it was 21.14%, up 28.43 percentage points from FY2025.
- Annual Net Margin shows a five-year change of +42.42 percentage points (FY2021 to FY2026).
- In prior fiscal years, Elastic's Net Margin was -7.29% in FY2025 (-12.16 pp), 4.87% in FY2024 (+26.96 pp), -22.09% in FY2023 (+1.55 pp) and -23.64% in FY2022 (-2.37 pp).
- Quarterly Net Margin has run from a low of -27.81% in fiscal Q1 2023 to a high of 96.72% in fiscal Q4 2026 over five years.
- On a year-over-year basis, Net Margin has increased in each of the last three quarters, with an average year-over-year change of +7.94 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was fiscal Q4 2026, with a gain of 100.94 percentage points; the weakest was fiscal Q3 2025, with a drop of 58.17 percentage points.
- According to Business Quant data, Net Margin for the three prior fiscal quarters was 96.72% (Q4 2026), 1.72% (Q3 2026) and -12.11% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 3.97% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 3.25% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 14.41% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 7.38% |
| 10 | Elastic | 9.24 Bn | 3.77 Bn | 356.19 Mn | -3.50% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -3.50% |
| Apr 30, 2026 | 96.72% |
| Jan 31, 2026 | 1.72% |
| Oct 31, 2025 | -12.11% |
| Jul 31, 2025 | -5.92% |
| Apr 30, 2025 | -4.22% |
| Jan 31, 2025 | -4.46% |
| Oct 31, 2024 | -6.97% |
| Jul 31, 2024 | -14.17% |
| Apr 30, 2024 | -12.27% |
| Jan 31, 2024 | 53.70% |
| Oct 31, 2023 | -7.98% |
| Jul 31, 2023 | -16.51% |
| Apr 30, 2023 | -16.69% |
| Jan 31, 2023 | -26.43% |
| Oct 31, 2022 | -17.89% |
| Jul 31, 2022 | -27.81% |
| Apr 30, 2022 | -27.41% |
| Jan 31, 2022 | -25.33% |
| Oct 31, 2021 | -22.83% |
Elastic Net Margin 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=net-margin&ticker=ESTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=ESTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();