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
DateValue
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