How does Elastic N.V. (ESTC) make money?

Elastic N.V. (ESTC) generates revenue primarily from Subscription, which accounted for 94% of total revenue in TTM through Q2 2026. The company reported $1.74B in revenue and converted 21.1% of it into net profit, equivalent to roughly $368M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Elastic N.V. (ESTC)?

Elastic N.V. (ESTC) reported a gross profit margin of 76.1% in TTM through Q2 2026, equivalent to $1.32B in gross profit on $1.74B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Elastic N.V. (ESTC)?

Elastic N.V. (ESTC) reported an operating profit margin of -1.9% in TTM through Q2 2026, equivalent to -$33.5M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Elastic N.V. (ESTC)?

Elastic N.V. (ESTC) reported a net profit margin of 21.1% in TTM through Q2 2026, equivalent to $368M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Elastic N.V. (ESTC) profitable?

Yes. Elastic N.V. (ESTC) reported $368M in net income for TTM through Q2 2026, with a net profit margin of 21.1%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Elastic N.V. (ESTC) invest in research and development?

Elastic N.V. (ESTC) invested $452M in research and development during TTM through Q2 2026, roughly 26.0% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Elastic N.V. (ESTC) spend on capital expenditures?

Elastic N.V. (ESTC) spent $5.09M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 0.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Elastic N.V. (ESTC) generate?

Elastic N.V. (ESTC) generated $322M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 18.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Elastic N.V. (ESTC)?

Elastic N.V. (ESTC) reports revenue across 2 reportable product segments, led by Subscription at 94% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Elastic N.V. (ESTC) generate most of its revenue?

UNITED STATES is the largest geographic market for Elastic N.V. (ESTC), accounting for 54.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Elastic N.V. Makes Money: 2026 Visual Revenue Map

Elastic N.V. (ESTC) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending April 30, 2026 (reported June 8, 2026).

Elastic N.V. (ESTC) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Elastic N.V. (ESTC), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Subscription	$1.63B	94%
Professional Services	$105M	6%
Total	$1.74B	100%

Subscription$1.63B
Professional Services$105M
Total$1.74B

Elastic N.V. (ESTC) Revenue by Geography — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Elastic N.V. (ESTC), TTM through Q2 2026
Region	Revenue (USD)	% of total
UNITED STATES	$947M	54.5%
Non-US	$792M	45.5%
Total	$1.74B	100%

UNITED STATES
Non-US
Total

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Elastic N.V. (ESTC) reports revenue across 2 reportable product segments; the largest segment was Subscription at 94%, followed by Professional Services (6%). Geographically, UNITED STATES accounted for 54.5% of revenue, followed by Non-US (45.5%).

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Buybacks0.83% TTM

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