Elastic (ESTC) Operating Expenses (2017 - 2026)

Elastic's (ESTC) quarterly Operating Expenses came in at $356.0 million in Q2 2026, up 17.63% YoY from $302.7 million in Q2 2025, and up 3.85% on a QoQ basis from $342.8 million in Q1 2026.

Elastic (ESTC) Operating Expenses (2017 - 2026) Analysis & Trends

Elastic's Operating Expenses history runs 10 years deep, the most recent figure standing at $356.0 million for Q2 2026.

  • On a quarterly basis, Operating Expenses rose 17.63% year-over-year to $356.0 million in Q2 2026; TTM through Apr 2026 was $1.4 billion, a 17.11% increase from a year earlier, with the FY2026 full-year figure at $1.4 billion, up 17.11% from the prior year.
  • Operating Expenses was $356.0 million for Q2 2026 at Elastic, up from $342.8 million in the prior quarter.
  • Over the last five years, Operating Expenses for ESTC reached as high as $356.0 million in Q2 2026 and fell as low as $208.5 million in Q1 2022.
  • A 5-year average of $278.5 million and a median of $273.2 million in 2024 frame the typical range for Operating Expenses.
  • The widest annual swing landed in 2022, when Operating Expenses jumped 39.37%; it then climbed 0.38% in 2024.
  • Tracing ESTC's Operating Expenses over 5 years: stood at $238.7 million in 2022, then rose by 5.61% to $252.1 million in 2023, then gained by 9.74% to $276.6 million in 2024, then rose by 19.19% to $329.7 million in 2025, then rose by 7.99% to $356.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $356.0 million, $342.8 million, and $329.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Elastic 6.35 Bn 5.57 Bn 339.62 Mn 356.03 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 356.03 Mn
Jan 31, 2026 342.83 Mn
Oct 31, 2025 329.69 Mn
Jul 31, 2025 327.98 Mn
Apr 30, 2025 302.67 Mn
Jan 31, 2025 289.57 Mn
Oct 31, 2024 276.61 Mn
Jul 31, 2024 289.50 Mn
Apr 30, 2024 292.84 Mn
Jan 31, 2024 269.72 Mn
Oct 31, 2023 252.06 Mn
Jul 31, 2023 252.52 Mn
Apr 30, 2023 246.42 Mn
Jan 31, 2023 268.71 Mn
Oct 31, 2022 238.67 Mn
Jul 31, 2022 237.74 Mn
Apr 30, 2022 231.61 Mn
Jan 31, 2022 208.51 Mn
Oct 31, 2021 189.27 Mn
Jul 31, 2021 174.47 Mn