Elastic (ESTC) Operating Margin (2017 - 2026)
Elastic (ESTC) posted Operating Margin of 3.64% for Q2 2026, down 2781.16% sequentially from 0.14% in Q1 2026, and down 55.0% YoY from 8.09% in Q2 2025.
Elastic (ESTC) Operating Margin (2017 - 2026) Analysis & Trends
Elastic has reported Operating Margin for 10 years, with the latest figure at 3.64% in Q2 2026.
- Quarterly Operating Margin fell 55.0% year-over-year to 3.64% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 1.92% (up 178.0% YoY) and the FY2026 annual result came in at 1.92%, up 178.0% from the prior year.
- Operating Margin declined to 3.64% in Q2 2026 per ESTC's latest filing, from 0.14% in the prior quarter.
- Over five years, Operating Margin peaked at 0.14% in Q1 2026 and troughed at 25.26% in Q1 2023.
- A 5-year average of 10.65% and a median of 8.9% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2024: Operating Margin tumbled 818 bps in 2022, then soared 1721 bps in 2024.
- Over 5 years, Operating Margin stood at 18.54% in 2022, then soared by 63 bps to 6.93% in 2023, then jumped by 83 bps to 1.21% in 2024, then sank by 61 bps to 1.94% in 2025, then slumped by 87 bps to 3.64% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 3.64%, 0.14%, and 1.94% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Elastic | 9.08 Bn | 8.31 Bn | 339.62 Mn | -3.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -3.64% |
| Jan 31, 2026 | 0.14% |
| Oct 31, 2025 | -1.94% |
| Jul 31, 2025 | -2.27% |
| Apr 30, 2025 | -3.09% |
| Jan 31, 2025 | -1.21% |
| Oct 31, 2024 | -1.21% |
| Jul 31, 2024 | -9.74% |
| Apr 30, 2024 | -13.65% |
| Jan 31, 2024 | -8.05% |
| Oct 31, 2023 | -6.93% |
| Jul 31, 2023 | -12.34% |
| Apr 30, 2023 | -14.34% |
| Jan 31, 2023 | -25.26% |
| Oct 31, 2022 | -18.54% |
| Jul 31, 2022 | -24.25% |
| Apr 30, 2022 | -24.91% |
| Jan 31, 2022 | -20.47% |
| Oct 31, 2021 | -18.05% |
| Jul 31, 2021 | -16.07% |