Elastic (ESTC) Operating Leases (2019 - 2026)
Elastic's (ESTC) quarterly Operating Leases came in at $14.1 million in Q2 2026, down 13.62% YoY from $16.4 million in Q2 2025, and up 1.03% on a QoQ basis from $14.0 million in Q1 2026.
Elastic (ESTC) Operating Leases (2019 - 2026) Analysis & Trends
Elastic's Operating Leases history runs 8 years deep, the most recent figure standing at $14.1 million for Q2 2026.
- On a quarterly basis, Operating Leases fell 13.62% year-over-year to $14.1 million in Q2 2026; TTM through Apr 2026 was $14.1 million, a 13.62% decrease from a year earlier, with the FY2026 full-year figure at $14.1 million, down 13.62% from the prior year.
- Operating Leases was $14.1 million for Q2 2026 at Elastic, up from $14.0 million in the prior quarter.
- Over the last five years, Operating Leases for ESTC reached as high as $28.1 million in Q1 2024 and fell as low as $10.7 million in Q3 2024.
- A 5-year average of $16.9 million and a median of $16.2 million in 2025 frame the typical range for Operating Leases.
- The widest annual swing landed in 2022, when Operating Leases tumbled 37.4%; it then soared 67.92% in 2024.
- Tracing ESTC's Operating Leases over 5 years: stood at $19.1 million in 2022, then rose by 24.16% to $23.7 million in 2023, then declined by 15.17% to $20.1 million in 2024, then rose by 1.27% to $20.4 million in 2025, then slumped by 30.74% to $14.1 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $14.1 million, $14.0 million, and $20.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn |
| 10 | Elastic | 6.35 Bn | 5.57 Bn | 339.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 14.13 Mn |
| Jan 31, 2026 | 13.99 Mn |
| Oct 31, 2025 | 20.40 Mn |
| Jul 31, 2025 | 16.11 Mn |
| Apr 30, 2025 | 16.36 Mn |
| Jan 31, 2025 | 18.29 Mn |
| Oct 31, 2024 | 20.15 Mn |
| Jul 31, 2024 | 10.71 Mn |
| Apr 30, 2024 | 12.90 Mn |
| Jan 31, 2024 | 28.09 Mn |
| Oct 31, 2023 | 23.75 Mn |
| Jul 31, 2023 | 11.99 Mn |
| Apr 30, 2023 | 13.94 Mn |
| Jan 31, 2023 | 16.73 Mn |
| Oct 31, 2022 | 19.13 Mn |
| Jul 31, 2022 | 15.53 Mn |
| Apr 30, 2022 | 16.48 Mn |
| Jan 31, 2022 | 14.88 Mn |
| Oct 31, 2021 | 16.75 Mn |
| Jul 31, 2021 | 18.28 Mn |