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Zeta Global Holdings vs Elastic N.V.: ZETA and ESTC compared
Zeta Global Holdings is the larger company: $493M of revenue in its latest quarter (Q3 2026) against $478M for Elastic N.V. (Q1 FY27). Zeta Global Holdings is growing faster (+46% against +15% a year earlier). Zeta Global Holdings is more profitable, with an operating margin of 9.3% against -4.9%.
Where the money goes: ZETA and ESTC
Zeta Global Holdings (ZETA) · Q3 2026
Zeta Global Holdings, Q3 2026: revenue $493M (+46% year over year), operating margin 9.3%, net earnings $38.3M, operating cash flow $91.3M. The chart follows the revenue to costs, profit and cash.
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) | Elastic N.V. (ESTC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $493M | $478M |
| Revenue growth, Y/Y | +46% | +15% |
| Operating margin | 9.3% | -4.9% |
| Net earnings | $38.3M | −$16.7M |
| Net margin | 7.8% | -3.5% |
| Operating cash flow | $91.3M | $132M |
| Free cash flow | $81.5M | $131M |
| Market value | $8.0B | $9.0B |
| P/E | — | 24.0× |
| Analysts’ mean target | $38.29 | $111.74 |
Where the revenue comes from
Elastic N.V.
- Total subscription: $449M (94%)
- Services: $29.4M (6%)
Questions
Which is bigger, Zeta Global Holdings or Elastic N.V.?
Zeta Global Holdings is the larger company: $493M of revenue in its latest quarter (Q3 2026) against $478M for Elastic N.V. (Q1 FY27).
Is Zeta Global Holdings or Elastic N.V. growing faster?
Zeta Global Holdings is growing faster (+46% against +15% a year earlier).
Which is more profitable, Zeta Global Holdings or Elastic N.V.?
Zeta Global Holdings is more profitable, with an operating margin of 9.3% against -4.9%.
More: Zeta Global Holdings earnings · how Zeta Global Holdings makes money · Elastic N.V. earnings · how Elastic N.V. makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Aug 28, 2026). Fiscal quarters can end on different dates. Not investment advice.