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Elastic N.V. vs Zeta Global Holdings: ESTC and ZETA compared
Elastic N.V. is the larger company: $478M of revenue in its latest quarter (Q1 FY27) against $443M for Zeta Global Holdings (Q2 2026). Zeta Global Holdings is growing faster (+44% against +15% a year earlier). Zeta Global Holdings is more profitable, with an operating margin of 3.8% against -4.9%.
Where the money goes: ESTC and ZETA
Elastic N.V. (ESTC) · Q1 FY27
Elastic N.V., Q1 FY27: revenue $478M (+15% year over year), operating margin -4.9%, net loss $16.7M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
Zeta Global Holdings (ZETA) · Q2 2026
Zeta Global Holdings, Q2 2026: revenue $443M (+44% year over year), operating margin 3.8%, net earnings $8.2M, operating cash flow $69.2M. The chart follows the revenue to costs, profit and cash.
| Elastic N.V. (ESTC) | Zeta Global Holdings (ZETA) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q2 2026 |
| Revenue | $478M | $443M |
| Revenue growth, Y/Y | +15% | +44% |
| Operating margin | -4.9% | 3.8% |
| Net earnings | −$16.7M | $8.2M |
| Net margin | -3.5% | 1.8% |
| Operating cash flow | $132M | $69.2M |
| Free cash flow | $131M | $58.0M |
| Market value | $9.0B | $8.0B |
| P/E | 24.0× | — |
| Analysts’ mean target | $111.74 | $38.29 |
Where the revenue comes from
Elastic N.V.
- Total subscription: $449M (94%)
- Services: $29.4M (6%)
Questions
Which is bigger, Elastic N.V. or Zeta Global Holdings?
Elastic N.V. is the larger company: $478M of revenue in its latest quarter (Q1 FY27) against $443M for Zeta Global Holdings (Q2 2026).
Is Elastic N.V. or Zeta Global Holdings growing faster?
Zeta Global Holdings is growing faster (+44% against +15% a year earlier).
Which is more profitable, Elastic N.V. or Zeta Global Holdings?
Zeta Global Holdings is more profitable, with an operating margin of 3.8% against -4.9%.
More: Elastic N.V. earnings · how Elastic N.V. makes money · Zeta Global Holdings earnings · how Zeta Global Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 28, 2026; 10-Q filed Aug 5, 2026). Fiscal quarters can end on different dates. Not investment advice.