Elastic (ESTC) Operating Expenses (2017 - 2026)
Elastic's (ESTC) quarterly Operating Expenses came in at $379.8 million in Q3 2026, up 15.79% year-over-year from $328.0 million in Q3 2025, and up 6.67% quarter-over-quarter from $356.0 million in Q2 2026.
Analysis
Elastic (ESTC) Operating Expenses (2017 - 2026) Analysis & Trends
Elastic has disclosed Operating Expenses across 10 years of filings, most recently posting $379.8 million for Q3 2026.
- In Q3 2026, Operating Expenses rose 15.79% year-over-year to $379.8 million; the TTM figure through Jul 2026 stood at $1.4 billion (up 17.67% YoY), while the FY2026 annual figure was $1.4 billion, up 17.11% from the prior year.
- Operating Expenses came in at $379.8 million for Q3 2026 at Elastic, up from $356.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $379.8 million in Q3 2026 to a low of $208.5 million in Q1 2022.
- Average Operating Expenses over 5 years is $283.9 million, with a median of $276.6 million recorded in 2024.
- Year-over-year, Operating Expenses soared 39.37% in 2022 and increased 0.38% in 2024.
- Over 5 years, Operating Expenses stood at $238.7 million in 2022, then increased by 5.61% to $252.1 million in 2023, then rose by 9.74% to $276.6 million in 2024, then increased by 19.19% to $329.7 million in 2025, then grew by 15.19% to $379.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $379.8 million in Q3 2026, $356.0 million in Q2 2026, and $342.8 million in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Snowflake | 118.87 Bn | 116.53 Bn | 1.04 Bn | 1.30 Bn |
| 2 | MongoDB | 29.70 Bn | 27.29 Bn | 569.77 Mn | 541.37 Mn |
| 3 | Sportradar Group AG | 11.66 Bn | 11.29 Bn | 376.06 Mn | 12.41 Mn |
| 4 | Elastic | 9.64 Bn | 8.18 Bn | 356.19 Mn | 379.76 Mn |
| 5 | Genius Sports | 3.80 Bn | 3.64 Bn | 63.79 Mn | 119.35 Mn |
| 6 | Teradata | 2.61 Bn | 2.19 Bn | 243.00 Mn | 195.00 Mn |
| 7 | Datavault AI | 170.89 Mn | 170.89 Mn | 2.88 Mn | 29.33 Mn |
| 8 | Intermap Technologies | 52.16 Mn | 35.98 Mn | - | 3.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 379.76 Mn |
| 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 |