Elastic (ESTC) Research & Development (2017 - 2026)
Elastic (ESTC) posted Research & Development of $378.5 million for Q2 2026, up 114.1% sequentially from $176.8 million in Q1 2026, and up 133.95% YoY from $161.8 million in Q2 2025.
Elastic (ESTC) Research & Development (2017 - 2026) Analysis & Trends
Elastic has reported Research & Development for 10 years, with the latest figure at $378.5 million in Q2 2026.
- Quarterly Research & Development rose 133.95% year-over-year to $378.5 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $838.0 million (up 35.78% YoY) and the FY2026 annual result came in at $710.2 million, up 15.07% from the prior year.
- Research & Development rose to $378.5 million in Q2 2026 per ESTC's latest filing, from $176.8 million in the prior quarter.
- Over five years, Research & Development peaked at $378.5 million in Q2 2026 and troughed at $78.6 million in Q3 2022.
- A 5-year average of $151.8 million and a median of $137.4 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2026: Research & Development slumped 65.44% in 2024, then soared 133.95% in 2026.
- Over 5 years, Research & Development stood at $128.2 million in 2022, then plunged by 37.5% to $80.1 million in 2023, then jumped by 80.1% to $144.3 million in 2024, then climbed by 20.31% to $173.6 million in 2025, then surged by 118.07% to $378.5 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $378.5 million, $176.8 million, and $173.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Elastic | 9.08 Bn | 8.31 Bn | 339.62 Mn | 378.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 378.52 Mn |
| Jan 31, 2026 | 176.80 Mn |
| Oct 31, 2025 | 173.58 Mn |
| Jul 31, 2025 | 109.12 Mn |
| Apr 30, 2025 | 161.80 Mn |
| Jan 31, 2025 | 153.75 Mn |
| Oct 31, 2024 | 144.27 Mn |
| Jul 31, 2024 | 157.36 Mn |
| Apr 30, 2024 | 93.95 Mn |
| Jan 31, 2024 | 141.62 Mn |
| Oct 31, 2023 | 80.11 Mn |
| Jul 31, 2023 | 133.17 Mn |
| Apr 30, 2023 | 271.85 Mn |
| Jan 31, 2023 | 126.72 Mn |
| Oct 31, 2022 | 128.18 Mn |
| Jul 31, 2022 | 78.65 Mn |
| Apr 30, 2022 | 118.60 Mn |
| Jan 31, 2022 | 105.07 Mn |
| Oct 31, 2021 | 63.76 Mn |
| Jul 31, 2021 | 88.03 Mn |