Elastic (ESTC) Return on Equity [ROE] (2018 - 2026)
Elastic's Return on Equity [ROE] was 29.20% in fiscal Q1 2027 (quarter ended Jul 31, 2026), up 37.99 percentage points from -8.80% a year earlier but down 6.38 percentage points from the prior quarter.
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Analysis
Elastic (ESTC) Return on Equity [ROE] (2018 - 2026) Analysis & Trends
For FY2026 (ended Apr 30, 2026), Return on Equity [ROE] at Elastic came in at 33.38%, up 46.36 percentage points from FY2025.
- Return on Equity [ROE] shows a five-year change of +63.32 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Return on Equity [ROE] was -12.98% in FY2025 (-23.84 pp), 10.86% in FY2024 (+68.86 pp), -58.00% in FY2023 (-10.94 pp) and -47.06% in FY2022 (-17.12 pp).
- Quarterly Return on Equity [ROE] has moved between -65.69% (fiscal Q3 2023) and 35.58% (fiscal Q4 2026) over five years.
- Compared with a year earlier, Return on Equity [ROE] has increased for three straight quarters, with an average year-over-year change of +7.64 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was fiscal Q3 2024 (a gain of 75.32 percentage points); the worst was fiscal Q1 2023 (a drop of 27.09 percentage points).
- Per Business Quant data, ESTC's Return on Equity [ROE] in the three fiscal quarters before Q1 2027 was 35.58% (Q4 2026), -10.04% (Q3 2026) and -11.74% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn | 1.11% |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn | 1.60% |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn | 166.87% |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn | -53.23% |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn | 4.25% |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn | 4.27% |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn | 5.53% |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn | -1.31% |
| 10 | Elastic | 9.64 Bn | 4.16 Bn | 356.19 Mn | 29.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 29.20% |
| Apr 30, 2026 | 35.58% |
| Jan 31, 2026 | -10.04% |
| Oct 31, 2025 | -11.74% |
| Jul 31, 2025 | -8.80% |
| Apr 30, 2025 | -12.11% |
| Jan 31, 2025 | -15.91% |
| Oct 31, 2024 | 7.68% |
| Jul 31, 2024 | 8.14% |
| Apr 30, 2024 | 8.53% |
| Jan 31, 2024 | 9.64% |
| Oct 31, 2023 | -44.45% |
| Jul 31, 2023 | -53.09% |
| Apr 30, 2023 | -60.25% |
| Jan 31, 2023 | -65.69% |
| Oct 31, 2022 | -60.93% |
| Jul 31, 2022 | -59.08% |
| Apr 30, 2022 | -48.11% |
| Jan 31, 2022 | -41.17% |
| Oct 31, 2021 | -35.97% |
API Access
Elastic Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=ESTC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "ESTC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=ESTC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();