Description

Elastic’s $1.2 Billion CRPO Surge: Is Enterprise Demand Accelerating?

Elastic N.V. reported its fourth quarter and full fiscal year 2026 results with a continuation of strong sales execution and growth across key financial metrics. For the fiscal year, Elastic delivered 17% total revenue growth and expanded non-GAAP operating margin to 16.4%, reflecting a 120 basis point improvement. Fourth quarter results showed 16% total revenue growth and a non-GAAP operating margin of 14.8%, both surpassing internal guidance. Sales-led subscription revenue grew 19% in the quarter, driven by demand across AI, search, observability, and security offerings. Customer commitments showed notable expansion, with committed remaining performance obligations (CRPO) growing 20% year-over-year to $1.2 billion in Q4 and remaining performance obligations (RPO) accelerating 28% to nearly $2 billion, the highest growth in four years. This reflected increased multiyear commitments and larger deal sizes from strategic and enterprise customers.