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| Date | Value |
|---|---|
| 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 |