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Atlassian Corp (TEAM) stock

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NASDAQ: TEAM Nasdaq Application Software Next results ~November 5, 2026

C+ Fundamentals grade

Atlassian makes team collaboration software that helps organisations coordinate work across departments. Its portfolio of apps, AI agents and curated bundles called Collections is built on a shared foundation, the Atlassian Cloud Platform, which connects data and workflows throughout a business. Named apps include Jira for planning and tracking work, Confluence for shared knowledge, Jira Service Management for IT and employee support, Bitbucket for code, the Loom video tool, and Rovo, its AI offering for enterprise search, chat and agents.

Customers range from small firms to large enterprises across nearly every industry; the company reports that over 85% of the Fortune 500 use its software. It earns money chiefly through subscriptions, selling apps individually or as Collections, with a hosted Marketplace offering more than 6,000 third-party add-ons.

The main deployment option is cloud, alongside dedicated government and single-tenant editions and a self-managed Data Center product being phased out. Atlassian sells largely through self-service and a direct sales team for big accounts. Founded in Sydney, Australia in 2002, it serves more than 350,000 customers in over 200 countries and territories.

Based on Atlassian Corp's 10-K filed August 14, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 103% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 103% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Atlassian Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 9 selling2 purchases and 912 sales by directors and officers, last 12 monthsInsider trades
  • Funds421 adding, 312 cuttingOf 79 active managers that changed their stake, 44 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Atlassian files

Where Atlassian stands after its latest 10-K

Revenue for the twelve months to June 2026 was $6.57bn, up 26.0% on a year earlier, faster than 24.7% a quarter earlier. Free-cash-flow margin fell to 20.1% from 27.1% a year earlier. Operating margin widened to 0.2% from -2.5%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 6 financial-health checks.

Our model value for Atlassian is under review, so past values are not shown until it is resolved.

Source: 10-K filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Atlassian Corp's trailing-twelve-month revenue grew 26.0% year on year, with a free-cash-flow margin of 20.1%. Where it stands out: gross margin of 84.8% ranks 16 of 160 application software companies we cover. Where it lags: stock pay as % of revenue of 24.4% ranks 154 of 177 application software companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$110–$200 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Net income rising while operating cash flow falls: TTM net income grew 79.0% while operating cash flow fell 7.3% — earnings and cash are telling different stories.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 26.0% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Strong cash generation. 20.1% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 79.2% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Heavy stock-based pay. Stock pay equals 24.4% of revenue, against a median of 9.3% for application software companies we cover: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 79% and a beta of 0.9 against the S&P 500.

Latest results: FY2026 Q4

Filed August 14, 2026
Earnings per share
$1.87 against an average estimate of $1.50: beat by 24.5%
Revenue
$1.77bn, up 27.6% on a year earlier
Share reaction
+31.5% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
total revenue $1,705m to $1,715m (First Quarter Fiscal Year 2027); cloud revenue growth year-over-year growth 28.5% (First Quarter Fiscal Year 2027)
Next report
November 5, 2026; average EPS estimate $1.43

Atlassian's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.4%
  • 1 week-16.3%
  • 1 month-0.4%
  • This year+15.4%
  • 1 year+10.4%
  • 5 years-58.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.6B
Operating margin
0.2%
Net margin
-0.8%
EPS (TTM, diluted)
$-0.21

Growth

Revenue growth
+26.0%
Change in growth rate
+1.3 pts
Share count change
−0.6%

Cash

Free cash flow (TTM)
$1.3B
FCF margin
20.1%
Stock pay % of revenue
24.4%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Our research
  3. Announcement

    Atlassian launches Context Quality Score for Cloud users

    Atlassian Corp said it introduced the Context Quality Score, a metric that measures how well AI agents access team data. The tool assesses completeness, connectedness, and relevance to flag gaps in the Teamwork Graph. It will be available to all Atlassian Cloud customers next quarter.

    Company releaseRead source ↗
  4. Product

    Atlassian starts Forward Deployed Engineering program

    Atlassian Corp said it launched a Forward Deployed Engineering program to embed senior AI engineers with customers. The company stated that grounding agents in its Teamwork Graph improved answer quality by 44% while reducing token usage by 48%. Engagements typically last 12 weeks and aim to convert AI experimentation into production-ready workflows.

    Company releaseRead source ↗
  5. Announcement

    Atlassian launches AMP protocol for team-based AI collaboration

    Atlassian Corp said it introduced AMP, a protocol that allows AI agents to work alongside human teams within its software. The company noted that its Teamwork Graph now links over 250 billion objects and relationships. Atlassian also reported that its MCP Server has nearly 2 million monthly active users.

    Company releaseRead source ↗
  6. Results
  7. Announcement
  8. Announcement
  9. Product
  10. Announcement
  11. Results
  12. Guidance
  13. Announcement
  14. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Atlassian Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 103% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Atlassian Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.28 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$30 ~$25–$51 Left out: out of range vs price (0.16x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Atlassian Corp with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202120222023202420252026
Share price$256.86$187.40$167.81$176.88$203.09$77.79
Market value$64.1bn$47.5bn$43.0bn$45.8bn$53.2bn$20.2bn
+ Net debt (− = net cash)−$919m−$386m−$1.1bn−$1.2bn−$1.5bn−$250m
Enterprise value$63.2bn$47.1bn$41.9bn$44.6bn$51.6bn$20.0bn
Multiples
Price / sales 30.7x16.9x12.2x10.5x10.2x3.1x
Price / earnings ——————
Price / free cash flow 84.6x63.3x51.1x32.4x37.6x15.3x
EV / EBITDA n/mn/m———132.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

48 /100

Moderate moat

How hard Atlassian's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -5.8% of total assets over 5 years.

  • Pricing power 20 / 20

    Gross margin has been a median 82.8%, moving by 1.2 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -2.5%; its worst year was -9.8%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 5 of 5 years, at a median 26.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (62 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $1.7bn and EPS of $1.43 (range $1.26 to $1.59) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.44 −7% $7.4bn +13%
Next $2.19 +120% $8.6bn +15%

Next year's EPS estimate has moved +79.2% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −10.8% on 90 days ago. In the last 30 days, 0 analysts raised Atlassian Corp's forecast and 0 cut it.

Consensus EPS forecast Atlassian Corp, last 90 days
$0.00 $2.00 $4.00 $6.00 $8.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $6.10 Current fiscal year, 60 days ago: $5.42 Current fiscal year, 30 days ago: $5.43 Current fiscal year, 7 days ago: $5.44 Current fiscal year, Now: $5.44 $5.44 Next fiscal year, 90 days ago: $1.22 Next fiscal year, 60 days ago: $2.06 Next fiscal year, 30 days ago: $2.19 Next fiscal year, 7 days ago: $2.19 Next fiscal year, Now: $2.19 $2.19

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $6.10$1.22
60 days ago $5.42$2.06
30 days ago $5.43$2.19
7 days ago $5.44$2.19
Now $5.44$2.19

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.50 $1.87 +24.5%
Mar 2026 $1.34 $1.75 +31.0%
Dec 2025 $1.14 $1.22 +6.6%
Sept 2025 $0.84 $1.04 +24.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Total revenue growth year-over-year Fiscal Year 2027 about 13% growth
    “Total revenue growth year-over-year is expected to be approximately 13.0%.” source
  • Total revenue First Quarter Fiscal Year 2027 $1,705m to $1,715m
    “Total revenue is expected to be in the range of $1,705 million to $1,715 million.” source
  • Gross margin (GAAP) Fiscal Year 2027 about 84.5% GAAP
    “Gross margin is expected to be approximately 84.5% on a GAAP basis and approximately 86.5% on a non-GAAP basis.” source
  • Gross margin (non-GAAP) Fiscal Year 2027 about 86.5% Non-GAAP
    “Gross margin is expected to be approximately 84.5% on a GAAP basis and approximately 86.5% on a non-GAAP basis.” source
  • Operating margin (GAAP) Fiscal Year 2027 about 4.5% GAAP
    “Operating margin is expected to be approximately 4.5% on a GAAP basis and approximately 25.0% on a non-GAAP basis.” source
  • Operating margin (non-GAAP) Fiscal Year 2027 about 25% Non-GAAP
    “Operating margin is expected to be approximately 4.5% on a GAAP basis and approximately 25.0% on a non-GAAP basis.” source
Show 11 more items
  • Gross margin (GAAP) First Quarter Fiscal Year 2027 about 85% GAAP
    “Gross margin is expected to be approximately 85.0% on a GAAP basis and approximately 87.0% on a non-GAAP basis.” source
  • Gross margin (non-GAAP) First Quarter Fiscal Year 2027 about 87% Non-GAAP
    “Gross margin is expected to be approximately 85.0% on a GAAP basis and approximately 87.0% on a non-GAAP basis.” source
  • Operating margin (GAAP) First Quarter Fiscal Year 2027 about 6.5% GAAP
    “Operating margin is expected to be approximately 6.5% on a GAAP basis and approximately 28.5% on a non-GAAP basis.” source
  • Operating margin (non-GAAP) First Quarter Fiscal Year 2027 about 28.5% Non-GAAP
    “Operating margin is expected to be approximately 6.5% on a GAAP basis and approximately 28.5% on a non-GAAP basis.” source
  • Subscription ARR growth year-over-year Fiscal Year 2027 about 18% growth Non-GAAP
    “Subscription ARR growth year-over-year is expected to be approximately 18.0%.” source
  • Cloud revenue growth year-over-year Fiscal Year 2027 about 25.5% growth
    “Cloud revenue growth year-over-year is expected to be approximately 25.5%.” source
  • Data Center revenue growth year-over-year Fiscal Year 2027 about -17% growth
    “Data Center revenue growth year-over-year is expected to decline approximately (17.0%).” source
  • Marketplace and other revenue growth year-over-year Fiscal Year 2027 about 12% growth
    “Marketplace and other revenue growth year-over-year is expected to be approximately 12.0%.” source
  • Cloud revenue growth year-over-year First Quarter Fiscal Year 2027 about 28.5% growth
    “Cloud revenue growth year-over-year is expected to be approximately 28.5%.” source
  • Data Center revenue growth year-over-year First Quarter Fiscal Year 2027 about -4% growth
    “Data Center revenue growth year-over-year is expected to decline approximately (4.0%).” source
  • Marketplace and other revenue growth year-over-year First Quarter Fiscal Year 2027 about 12.5% growth
    “Marketplace and other revenue growth year-over-year is expected to be approximately 12.5%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

33 analysts, Nov 2026
Buy2782%
Hold618%
Sell00%

Monthly trend

  1. Nov 2026621633
  2. Oct 2026621633
  3. Sep 2026621633
  4. Aug 2026621633

Counts of recommendations published by analysts covering Atlassian Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.0%
of tradable shares
Days to cover
3.32
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.7%
of shares
Employees
13,301
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +10.4%

$169.42 on October 31, 2025 to $187.08

ThenNowEffect
Revenue (last 12 months) $5.2bn $6.6bn +26.0%
P/S multiple 8.5x 7.4x −12.9%
Share count 262m 260m +0.6%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +5.8%

$176.90 on November 3, 2023 to $187.08

ThenNowEffect
Revenue (last 12 months) $3.5bn $6.6bn +85.9%
P/S multiple 12.8x 7.4x −42.3%
Share count 256m 260m −1.5%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TEAM+63%−66%+85%+2%−33%+15%
Industry peers (median)−8%−50%+19%+2%−20%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TEAM67%25%67%33%33%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TEAM−25%−70%−31%−47%−55%−65%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 9, 2015: 88% from October 29, 2021 to April 10, 2026. Getting back needed a 702% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$57.15 – $227.61
From 52-week high
−17.8%
vs 50-day average
−4.3%
vs 200-day average
+58.4%
Volatility (1 year)
79%
Beta vs S&P 500
0.89

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 3 down
typical move ±15.3%
After a week
4 up, 4 down
typical move ±19.7%
After a month
4 up, 4 down
typical move ±27.0%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +31.5% +0.5% +46.5% +67.3%
April 30, 2026 +26.1% +1.3% +31.0% +64.5%
February 5, 2026 −9.8% +0.6% −17.7% −21.9%
October 30, 2025 +6.4% −0.8% −2.0% −4.8%
August 7, 2025 −9.4% +0.7% −11.4% −6.9%
May 1, 2025 −8.7% +2.2% −8.8% −9.9%
January 30, 2025 +13.1% 0.0% +17.6% +1.1%
October 31, 2024 +17.8% −1.5% +22.9% +39.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Atlassian Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Atlassian Corp
$3B $4B $5B $6B $7B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $3.7B Revenue (TTM), FY24 Q2: $3.9B Revenue (TTM), FY24 Q3: $4.2B Revenue (TTM), FY24 Q4: $4.4B Revenue (TTM), FY25 Q1: $4.6B Revenue (TTM), FY25 Q2: $4.8B Revenue (TTM), FY25 Q3: $5B Revenue (TTM), FY25 Q4: $5.2B Revenue (TTM), FY26 Q1: $5.5B Revenue (TTM), FY26 Q2: $5.8B Revenue (TTM), FY26 Q3: $6.2B Revenue (TTM), FY26 Q4: $6.6B $6.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $3.7B
FY24 Q2 $3.9B
FY24 Q3 $4.2B
FY24 Q4 $4.4B
FY25 Q1 $4.6B
FY25 Q2 $4.8B
FY25 Q3 $5B
FY25 Q4 $5.2B
FY26 Q1 $5.5B
FY26 Q2 $5.8B
FY26 Q3 $6.2B
FY26 Q4 $6.6B
Revenue growth, TTM YoY Atlassian Corp
18% 20% 22% 24% 26% 28% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 23.7% Revenue growth, TTM YoY, FY24 Q2: 22.4% Revenue growth, TTM YoY, FY24 Q3: 24.2% Revenue growth, TTM YoY, FY24 Q4: 23.3% Revenue growth, TTM YoY, FY25 Q1: 23.3% Revenue growth, TTM YoY, FY25 Q2: 23.2% Revenue growth, TTM YoY, FY25 Q3: 19.1% Revenue growth, TTM YoY, FY25 Q4: 19.7% Revenue growth, TTM YoY, FY26 Q1: 19.5% Revenue growth, TTM YoY, FY26 Q2: 20.1% Revenue growth, TTM YoY, FY26 Q3: 24.7% Revenue growth, TTM YoY, FY26 Q4: 26.0% 26.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 23.7%
FY24 Q2 22.4%
FY24 Q3 24.2%
FY24 Q4 23.3%
FY25 Q1 23.3%
FY25 Q2 23.2%
FY25 Q3 19.1%
FY25 Q4 19.7%
FY26 Q1 19.5%
FY26 Q2 20.1%
FY26 Q3 24.7%
FY26 Q4 26.0%
Operating margin (TTM) Atlassian Corp
-10% -5% 0% 5% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: -8.9% Operating margin (TTM), FY24 Q2: -7.2% Operating margin (TTM), FY24 Q3: -2.4% Operating margin (TTM), FY24 Q4: -2.7% Operating margin (TTM), FY25 Q1: -2.8% Operating margin (TTM), FY25 Q2: -2.9% Operating margin (TTM), FY25 Q3: -3.4% Operating margin (TTM), FY25 Q4: -2.5% Operating margin (TTM), FY26 Q1: -3.6% Operating margin (TTM), FY26 Q2: -3.2% Operating margin (TTM), FY26 Q3: -3.7% Operating margin (TTM), FY26 Q4: 0.2% 0.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 -8.9%
FY24 Q2 -7.2%
FY24 Q3 -2.4%
FY24 Q4 -2.7%
FY25 Q1 -2.8%
FY25 Q2 -2.9%
FY25 Q3 -3.4%
FY25 Q4 -2.5%
FY26 Q1 -3.6%
FY26 Q2 -3.2%
FY26 Q3 -3.7%
FY26 Q4 0.2%
FCF margin (TTM) Atlassian Corp
15% 20% 25% 30% 35% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 25.1% FCF margin (TTM), FY24 Q2: 27.4% FCF margin (TTM), FY24 Q3: 30.5% FCF margin (TTM), FY24 Q4: 32.5% FCF margin (TTM), FY25 Q1: 29.0% FCF margin (TTM), FY25 Q2: 28.9% FCF margin (TTM), FY25 Q3: 29.6% FCF margin (TTM), FY25 Q4: 27.1% FCF margin (TTM), FY26 Q1: 26.7% FCF margin (TTM), FY26 Q2: 22.3% FCF margin (TTM), FY26 Q3: 19.5% FCF margin (TTM), FY26 Q4: 20.1% 20.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 25.1%
FY24 Q2 27.4%
FY24 Q3 30.5%
FY24 Q4 32.5%
FY25 Q1 29.0%
FY25 Q2 28.9%
FY25 Q3 29.6%
FY25 Q4 27.1%
FY26 Q1 26.7%
FY26 Q2 22.3%
FY26 Q3 19.5%
FY26 Q4 20.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 2,089 2,803 3,535 4,359 5,215 6,572
Gross profit 1,757 2,350 2,901 3,555 4,320 5,575
EBITDA 197 122 −284 −38 −38 151
Operating income 141 70 −345 −117 −130 10
Net income −579 −520 −487 −301 −257 −54
Diluted EPS −$2.32 −$2.05 −$1.90 −$1.16 −$0.98 −$0.21
Growth (year on year)
Revenue — +34.2% +26.1% +23.3% +19.7% +26.0%
EBITDA — −38.3% −333.4% — — —
Operating income — −50.4% −592.6% — — —
Margins
Gross margin 84.1% 83.8% 82.1% 81.6% 82.8% 84.8%
EBITDA margin 9.4% 4.3% −8.0% −0.9% −0.7% 2.3%
Operating margin 6.8% 2.5% −9.8% −2.7% −2.5% 0.2%
Net margin −27.7% −18.5% −13.8% −6.9% −4.9% −0.8%
Free-cash-flow margin 36.3% 26.8% 23.8% 32.5% 27.1% 20.1%
Cash flow
Cash from operations 790 821 868 1,448 1,460 1,353
Capital spending 32 71 26 33 45 34
Free cash flow 758 750 842 1,415 1,416 1,319
Stock-based pay 341 525 948 1,081 1,362 1,607
Free cash flow after stock pay 418 226 −106 334 53 −287
Balance sheet
Cash 919 1,385 2,103 2,177 2,513 1,240
Total debt 0 999 1,000 986 988 990
Net debt (negative = net cash) −919 −386 −1,103 −1,191 −1,525 −250
Diluted shares 250m 253m 256m 259m 262m 260m
Returned to shareholders
Buybacks 0 0 150 395 779 1,800
Total returned 0 0 150 395 779 1,800

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $6.1bn
Short-term assets $2.8bnLonger-term assets $3.3bn
What it owes, and who funded it · $6.1bn
Short-term liabilities $3.6bnLonger-term liabilities $1.5bnShareholders' equity $1.1bn
  • Short-term assets cover short-term liabilities $2.8bn of assets due within a year against $3.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.8bn short-term assets against $1.5bn of longer-dated liabilities.
  • More cash than debt $1.2bn of cash against $990m of debt.
  • Debt below 40% of shareholders' equity Debt is 93% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.4bn of operating cash flow against $990m of debt.
  • Operating profit covers interest at least five times over Operating income of $10m against $49m of interest.

From Atlassian Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$1.8B
Returned to shareholders
136%
of free cash flow
Buybacks, last 3 fiscal years
$3B
Diluted share count
−0.6%
year over year
Total shareholder yield
3.8%
dividends 0.0% + buybacks 3.8% of market value
R&D spending
49.7%
of revenue
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated TEAM SSNC TOST CDNS PLTR ADSK Median
Revenue, last 12 months $6.6bn $6.6bn $6.8bn $6.1bn $7.3bn $7.8bn $482m
Revenue growth, last 12 months 26.0% 8.6% 23.0% 17.6% 87.1% 17.9% 12.0%
Revenue growth, 3-year average 23.0% 6.8% 27.1% 16.1% 50.8% 14.3% 11.1%
Revenue growth, latest quarter 27.6% 10.3% 23.1% 22.0% 95.9% 16.1% 11.9%
Gross margin 84.8% 48.1% 26.7% — 84.7% 91.2% 69.2%
Operating margin 0.2% 23.6% 6.3% 28.9% 45.6% 26.2% 1.1%
Operating margin, 3-year average −1.7% 23.2% 2.0% 28.6% 27.1% 23.2% −0.8%
Net margin −0.8% 13.2% 7.1% 22.5% 50.3% 21.1% 2.1%
Cash from operations / revenue 20.6% 27.7% 9.3% 32.1% 56.2% 37.2% 18.2%
Free-cash-flow margin 20.1% 26.7% 8.5% 28.8% 55.6% 36.4% 15.0%
Free-cash-flow margin, 3-year average 26.6% 23.3% 7.2% 26.3% 46.2% 28.1% 16.2%
Stock pay / revenue 24.4% 4.1% 3.4% 8.9% 13.5% 9.1% 9.3%
Change in share count −0.6% −2.1% −1.1% 0.3% 0.7% −1.5% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 26.0% 12.0% 34 of 184
Change in growth rate Growth +1.3pp +0.2pp 68 of 184
Gross margin Profitability 84.8% 69.8% 16 of 160
Operating margin Profitability 0.2% 1.1% 96 of 181
Net margin Profitability -0.8% 2.1% 103 of 185
Free-cash-flow margin Cash generation 20.1% 15.2% 75 of 180
Stock pay as % of revenue Cash generation 24.4% 9.3% 154 of 177
Long-term debt as % of assets Balance sheet 16.2% 16.9% 48 of 98
Change in share count Balance sheet -0.6% 1.7% 57 of 163
Days sales outstanding Balance sheet 71 days 57 days 106 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Products and services
Line of business Revenue YoY
Licenses and services $6.3B ▲ 27.0%
Cloud Deployment Services $4.4B ▲ 27.9%
Data Center Deployment $1.8B ▲ 24.8%
Marketplace and Services Deployment $331M ▲ 10.0%
Other $310M ▲ 8.9%
Server Deployment $0 —

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Americas $3.2B 48.2% ▲ 25.8%
United States $2.8B 87.2% ▲ 26.5%
Other Americas $406M 12.8% ▲ 21.2%
EMEA $2.7B 41.0% ▲ 26.8%
Other EMEA $2B 74.3% ▲ 26.2%
Germany $692M 25.7% ▲ 28.3%
Asia Pacific $713M 10.9% ▲ 24.2%

From Atlassian Corp's 10-K filed August 14, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$12.4B
Institutions reporting
692
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
160 / 121

Top buyers and sellers, Q2 2026: 421 institutions bought and 312 sold ; the biggest buyer was GQG Partners LLC (+7.7M shares) and the biggest seller Baillie Gifford & Co (−6.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $992M 12.7M 8.0% ▲ 10.4%
Vanguard Portfolio Management LLC $775M 10.0M 6.3% ▲ 0.7%
DNB Asset Management As $765M 9.8M 6.2% ▲ 21.7%
AQR Capital Management LLC $686M 8.8M 5.5% ▲ 112.6%
GQG Partners LLC $596M 7.7M 4.8% New
Vanguard Capital Management LLC $561M 7.2M 4.5% ▼ 5.1%
Pictet Asset Management Holding SA $426M 5.5M 3.4% ▲ 8.8%
State Street Corp $364M 4.7M 2.9% ▲ 14.7%
Morgan Stanley $326M 4.2M 2.6% ▼ 1.1%
Ameriprise Financial Inc $294M 3.8M 2.4% ▲ 342.9%
Baillie Gifford & Co $285M 3.7M 2.3% ▼ 63.3%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $282M 3.6M 2.3% ▲ 52.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Atlassian Corp's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $498,411 2 trades by 1 insider, last 12 months Insider sales History → $161M 912 trades by 9 insiders · 94% under pre-set plans
Net ▼ $160M net selling
Insider Date Trade Shares Price Value
Liu Gene Chief Accounting Officer October 12, 2026 Sell pre-set plan 337 $210.00 $70,770
Liu Gene Chief Accounting Officer August 28, 2026 Sell pre-set plan 939 $190.00 $178,410
Liu Gene Chief Accounting Officer August 19, 2026 Sell pre-set plan 1,125 $175.00 $196,875
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 418 $174.02 $72,741
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 18 $165.08 $2,971
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 117 $171.31 $20,044
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 242 $175.10 $42,375
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 22 $170.05 $3,741
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 116 $167.15 $19,389
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 40 $165.96 $6,639
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 54 $175.76 $9,491
Duffy Brian Chief Revenue Officer August 19, 2026 Sell 438 $173.14 $75,835

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 23 trades and filings

No trades in Atlassian Corp disclosed in the last 12 months; 23 earlier trades on record.

  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded June 11, 2025, filed July 8, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (partial), $1,001 - $15,000, traded June 3, 2025, filed July 8, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Purchase, $1,001 - $15,000, traded January 28, 2025, filed February 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • February 5, 2026
  • October 30, 2025
  • August 7, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Atlassian Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Atlassian Corp in brief

What does Atlassian Corp do?
Atlassian Corp is a US-listed company in the application software industry. Its financial year ends in June.
What is Atlassian Corp's stock ticker?
Atlassian Corp trades under the ticker TEAM on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Atlassian Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Atlassian Corp reported revenue of $6.6B, 26.0% higher than a year earlier, according to its SEC filings.
What is Atlassian Corp's free cash flow?
Atlassian Corp's free-cash-flow margin is 20.1% of revenue over the trailing twelve months, ranking 75 of the 180 application software companies we cover.
Who are Atlassian Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and DNB Asset Management As. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Atlassian Corp buying back stock, and does it pay a dividend?
Atlassian Corp spent $1.8B on share repurchases over the trailing twelve months, and its diluted share count fell 0.6% over the year.
What is Atlassian Corp's market cap?
On June 30, 2026, Atlassian Corp's market capitalisation was about $20.2B and net debt of -$250M. Market figures come from third-party market data and may be delayed.
How much debt does Atlassian Corp have?
Atlassian Corp's debt-to-equity ratio is 93.5%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Atlassian Corp's competitors?
In our Application Software peer group, the companies closest to Atlassian Corp are SS&C Technologies Holdings Inc, Toast, Inc., Cadence Design Systems Inc, Palantir Technologies Inc. and Autodesk, Inc. The side-by-side comparison below sets their revenue, margins and growth against Atlassian Corp's.
Are insiders buying or selling Atlassian Corp stock?
Over the last 12 months, Atlassian Corp's directors and officers reported 2 open-market purchases and 912 sales on Form 4. The insider trading page charts every trade.
When is Atlassian Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Atlassian Corp announces its own schedule.