Elastic ESTC Operating margin

Operating margin at other companies

Cisco Systems, Inc.CSCO

23.4%+3.1pp

MongoDBMDB

-4.2%-1.4pp

CrowdStrike Holdings, Inc.CRWD

-4.2%-0.9pp

Datadog, Inc.DDOG

-1.4%—

NTS

Netskope, Inc.NTSK

-95.1%—

Insight EnterprisesNSIT

4.6%+0.9pp

FAQ

What is Elastic's operating margin?

Elastic (ESTC) reported operating margin of -1.9% in Q1 2026.

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

Elastic's operating margin increased by 48.0% year-over-year, from -3.7% to -1.9%.

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

Over 5 years (2021 to 2026), Elastic's operating margin has grown at a -38.2% compound annual growth rate (CAGR), from -21.3% to -1.9%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.