What is Elastic's net margin?

Elastic (ESTC) reported net margin of 21.1% in Q1 2026.

How has Elastic's net margin changed year-over-year?

Elastic's net margin increased by 390.1% year-over-year, from -7.3% to 21.1%.

What is the long-term trend for Elastic's net margin?

Over 4 years (2021 to 2026), Elastic's net margin has grown at a -0.1% compound annual growth rate (CAGR), from -21.3% to 21.1%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Elastic ESTC Net margin

Net margin at other companies

Cisco Systems, Inc.CSCO

19.7%+2.1pp

MongoDBMDB

-10.5%-1.0pp

CrowdStrike Holdings, Inc.CRWD

-6.7%-9.6pp

Datadog, Inc.DDOG

3.7%-0.5pp

DynatraceDT

8.1%-20.4pp

Insight EnterprisesNSIT

2.2%-0.1pp

Other financials

Income statement

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Revenue$450.7M+16.0%

Gross profit$339.6M+16.8%

Operating income-$16.4M-36.5%

Net income$435.9M+2,761%

EPS (diluted)$4.07+2,813%

Balance sheet

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Cash & equivalents$768.7M+5.1%

Total debt$591.6M-0.6%

Total equity$1.3B+37.7%

Total assets$3.2B+21.6%

Cash flow

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Operating cash flow$152.7M+75.6%

CapEx$2.9M+36.8%

Free cash flow$149.8M+76.5%

Valuation

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Market cap$6.13B-44.0%

Profitability

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Gross margin76.1%+1.7pp

Operating margin-1.9%-0.6pp

FCF margin18.5%+0.9pp

Returns & leverage

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Return on equity33.4%+26.1pp

Debt / equity0.5×-0.2×

Current ratio1.7×-0.2×

Where this comes from

Calculated from Elastic’s reported figures.

net income/total revenue=21.1%

Based on trailing twelve months.

The official record: Elastic’s 10-K, filed June 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elastic's net margin?: Elastic (ESTC) reported net margin of 21.1% in Q1 2026.
How has Elastic's net margin changed year-over-year?: Elastic's net margin increased by 390.1% year-over-year, from -7.3% to 21.1%.
What is the long-term trend for Elastic's net margin?: Over 4 years (2021 to 2026), Elastic's net margin has grown at a -0.1% compound annual growth rate (CAGR), from -21.3% to 21.1%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.