Elastic (ESTC) Operating Expenses (2017 - 2026)

Elastic (ESTC) reported Operating Expenses of $356.0 million for Q2 2026, up 17.63% on a YoY basis from $302.7 million in Q2 2025, and up 3.85% sequentially from $342.8 million in Q1 2026.

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

Elastic (ESTC) has 10 years of Operating Expenses data on file, last reported at $356.0 million in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 17.63% year-over-year to $356.0 million; the trailing twelve-month figure through Apr 2026 stood at $1.4 billion (up 17.11% YoY), and the FY2026 full-year result was $1.4 billion, up 17.11% from the prior year.
  • Operating Expenses improved to $356.0 million in Q2 2026, from $342.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $356.0 million in Q2 2026 to a low of $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.
  • Across the five-year window, Operating Expenses surged 39.37% in 2022 and grew 0.38% in 2024, its largest moves.
  • Tracing ESTC's Operating Expenses over 5 years: stood at $238.7 million in 2022, then grew by 5.61% to $252.1 million in 2023, then increased by 9.74% to $276.6 million in 2024, then grew by 19.19% to $329.7 million in 2025, then grew by 7.99% to $356.0 million in 2026.
  • Business Quant data shows ESTC's Operating Expenses at $356.0 million in Q2 2026, $342.8 million in Q1 2026, and $329.7 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Elastic 6.04 Bn 5.27 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