What is the size and authorization date of Elastic's buyback program?

Elastic authorized a $500 million share repurchase program in October 2025. The program permits repurchases of the company's outstanding ordinary shares on the open market. As of July 31, 2026, approximately $460 million remained available under the authorization.

How many shares did Elastic repurchase in Q1 FY27 and at what price?

Elastic repurchased approximately 0.8 million ordinary shares at an average price of $49.71 per share, for a total aggregate value of approximately $40 million during the first quarter ended July 31, 2026.

How do the buybacks affect Elastic's share count and EPS calculations?

The repurchases reduce weighted-average shares outstanding, which supports diluted earnings-per-share calculations. Q1 FY27 weighted-average shares were 104.6 million, down from 105.9 million in the prior year. Forward guidance for Q2 and full-year FY27 assumes 108.0–109.0 million and 108.5–109.5 million diluted shares, respectively, reflecting only buybacks completed through July 31, 2026.

What execution method does Elastic use for buybacks?

The filing states repurchases occur on the open market, consistent with Rule 10b-18 safe-harbor guidelines. No alternative mechanisms such as accelerated share repurchases or tender offers are mentioned in this quarter's disclosure.

Does Elastic have the financial capacity to complete the full $500M program?

Yes. Elastic reported $1.461 billion in cash, cash equivalents, and marketable securities as of July 31, 2026, operating cash flow of $132 million in Q1 FY27, and positive free cash flow of $143 million. The company also noted risks to the continuation of the buyback program in forward-looking statements, indicating board-level oversight.

How does the buyback relate to Elastic's stock-based compensation?

Elastic recorded $74.8 million in stock-based compensation expense in Q1 FY27, creating share dilution. The buyback program serves to offset this dilution and reduce net share count growth, though at $40 million deployed in Q1, it only covered about 54% of the quarterly SBC expense.

ESTC 8-K Filed 2026-08-27 Execution disclosure

Elastic repurchased 0.8M shares at $49.71 average in Q1 FY27

Company executing $500M program authorized October 2025; $40M deployed in first quarter

Shares repurchased800K

Avg price paid$49.71

Remaining$460M

MechanismRule 10b-18 open-market purcha

What the filing says

Elastic N.V. (NYSE: ESTC) reported execution of its share repurchase program during the first quarter of fiscal 2027, repurchasing approximately 0.8 million ordinary shares at an average price per share of $49.71 on the open market, representing an aggregate value of approximately $40 million.

The program was authorized in October 2025 with a $500 million authorization. As of July 31, 2026, Elastic had deployed $40 million of the authorized amount through open-market purchases under the repurchase program, leaving approximately $460 million remaining available under the authorization.

The repurchases are reflected in Elastic's weighted-average share count of 104.6 million shares for Q1 FY27, down from 105.9 million shares in the prior-year period. Management disclosed that Q2 FY27 and full-year FY27 guidance assumes diluted weighted average shares of 108.0–109.0 million and 108.5–109.5 million, respectively, reflecting only buybacks completed through July 31, 2026.

In October 2025, Elastic announced a share repurchase program pursuant to which the Company may repurchase up to $500 million of the Company's outstanding ordinary shares. As part of this program, during the first quarter of fiscal 2027, Elastic repurchased approximately 0.8 million ordinary shares at an average price per share of $49.71 on the open market, representing an aggregate value of approximately $40 million. — Elastic N.V. 8-K filing · View on SEC EDGAR →

What this means

Elastic is actively deploying capital to reduce share count, a common signal of management confidence and a tool to support earnings-per-share metrics. In Q1 FY27, the company returned $40 million of its $500 million authorization, representing 8% deployment in a single quarter. At this pace, the program would extend over multiple years. The buyback reduces dilution from stock-based compensation (which totaled $74.8 million in Q1) and helps offset share creation from equity incentive grants. With $1.461 billion in cash and securities and positive operating momentum, Elastic has capacity to continue the buyback while funding operations and acquisitions.

Frequently asked questions

What is the size and authorization date of Elastic's buyback program?: Elastic authorized a $500 million share repurchase program in October 2025. The program permits repurchases of the company's outstanding ordinary shares on the open market. As of July 31, 2026, approximately $460 million remained available under the authorization.
How many shares did Elastic repurchase in Q1 FY27 and at what price?: Elastic repurchased approximately 0.8 million ordinary shares at an average price of $49.71 per share, for a total aggregate value of approximately $40 million during the first quarter ended July 31, 2026.
How do the buybacks affect Elastic's share count and EPS calculations?: The repurchases reduce weighted-average shares outstanding, which supports diluted earnings-per-share calculations. Q1 FY27 weighted-average shares were 104.6 million, down from 105.9 million in the prior year. Forward guidance for Q2 and full-year FY27 assumes 108.0–109.0 million and 108.5–109.5 million diluted shares, respectively, reflecting only buybacks completed through July 31, 2026.
What execution method does Elastic use for buybacks?: The filing states repurchases occur on the open market, consistent with Rule 10b-18 safe-harbor guidelines. No alternative mechanisms such as accelerated share repurchases or tender offers are mentioned in this quarter's disclosure.
Does Elastic have the financial capacity to complete the full $500M program?: Yes. Elastic reported $1.461 billion in cash, cash equivalents, and marketable securities as of July 31, 2026, operating cash flow of $132 million in Q1 FY27, and positive free cash flow of $143 million. The company also noted risks to the continuation of the buyback program in forward-looking statements, indicating board-level oversight.
How does the buyback relate to Elastic's stock-based compensation?: Elastic recorded $74.8 million in stock-based compensation expense in Q1 FY27, creating share dilution. The buyback program serves to offset this dilution and reduce net share count growth, though at $40 million deployed in Q1, it only covered about 54% of the quarterly SBC expense.

execution saas open-market rule-10b-18 tech-sector quarterly-update

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.