Elastic (ESTC) Operating Expenses (2017 - 2026)
Elastic (ESTC) posted Operating Expenses of $356.0 million for Q2 2026, up 3.85% sequentially from $342.8 million in Q1 2026, and up 17.63% YoY from $302.7 million in Q2 2025.
Elastic (ESTC) Operating Expenses (2017 - 2026) Analysis & Trends
Elastic has reported Operating Expenses for 10 years, with the latest figure at $356.0 million in Q2 2026.
- Quarterly Operating Expenses rose 17.63% year-over-year to $356.0 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $1.4 billion (up 17.11% YoY) and the FY2026 annual result came in at $1.4 billion, up 17.11% from the prior year.
- Operating Expenses improved to $356.0 million in Q2 2026 per ESTC's latest filing, from $342.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at $356.0 million in Q2 2026 and troughed at $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 sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 39.37% in 2022, then rose 0.38% in 2024.
- Over 5 years, Operating Expenses stood at $238.7 million in 2022, then gained by 5.61% to $252.1 million in 2023, then advanced by 9.74% to $276.6 million in 2024, then gained by 19.19% to $329.7 million in 2025, then gained 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Elastic | 9.08 Bn | 8.31 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 |