Atlassian reported 24% revenue growth in the three months ended September 30, 2026, with operating income of $188,793 thousand and net income of $90,721 thousand versus prior-year losses. Free cash flow increased $348.0 million to $462,554 thousand.
TEAM · Atlassian Corp
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Atlassian reported a strong start to fiscal 2027: total revenue grew 24% to $1.8 billion, cloud revenue rose 31% to $1.3 billion, subscription ARR grew 23% to $6.8 billion, and free cash flow reached $463 million.
Atlassian reported first-quarter revenue of $1,772 million, up 24% year-over-year, GAAP net income of $91 million versus a $52 million loss, and free cash flow of $463 million. It appointed Eli Berkovitch chief accounting officer effective November 16, 2026.
Atlassian serves more than 350,000 customers, including over 85% of the Fortune 500, and announced plans to end-of-life Data Center products through a phased, multi-year approach while supporting customers’ transition to cloud.
Atlassian will ask stockholders on December 1, 2026 to elect 9 directors, ratify Ernst & Young LLP as auditor and approve fiscal 2026 executive compensation; fiscal 2026 total revenue was $6.6 billion, up 26% y/y, with $1.3 billion of free cash flow.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q1 FY27 earnings call · Nov 5, 2026TL;DR. Atlassian delivered strong Q1 growth, returned to GAAP profitability, generated $463 million of free cash flow, repurchased $588 million of stock, and advanced AI adoption and collection usage. FY27 targets include 18.5% subscription ARR growth, 13.75% total revenue growth, 26% Cloud growth, and a 16% Data Center revenue decline, while management cited macro uncertainty and expects no meaningful FY27 usage-based-pricing revenue.
- + Q1 revenue grew 24% to $1,772 million, Cloud revenue grew 31% to $1,302 million, subscription ARR grew 23% to $6,812 million, and RPO grew 44% to $4,746 million. new
- + Service Collection exceeded 70,000 customers and $1 billion of ARR, with ARR growing more than 30% and competitive-displacement seat growth exceeding 40%. new
- + Teamwork Collection adoption increased sevenfold year over year to more than 3,000 customers, who run twice as many agents and expand seats faster than standalone customers. new
- − Management cited macro, fiscal-policy and geopolitical uncertainty as reasons for a prudent outlook. new
- − Management does not expect usage-based pricing to generate meaningful revenue in FY27. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Non-GAAP gross margin non-GAAP | 88% | fiscal year 2026 filing | — |
| Non-GAAP gross profit non-GAAP | 5.78B | fiscal year 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP gross profit 5.58B
+70.39M Stock-based compensation
+78.91M Amortization of acquired intangible assets
+52.62M Restructuring charges
= Non-GAAP gross profit 5.78B
|
|||
| Non-GAAP net income per share - diluted non-GAAP | $5.85 | Fiscal Year Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP net loss per share - diluted -$0.21
+$6.16 Stock-based compensation
+$0.39 Amortization of acquired intangible assets
+$1.07 Restructuring charges
-$1.56 Income tax adjustments
= Non-GAAP net income per share - diluted $5.85
|
|||
| Workforce reduction | 10% | fiscal year 2026 filing | — |
| Customers with >$10,000 in Cloud ARR | 57,334 | Q4 FY26 | — |
| Free cash flow non-GAAP | $1.32B | FY2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net cash provided by operating activities 1.35B
-34.06M Capital expenditures
= Free cash flow 1.32B
|
|||
| Free cash flow margin non-GAAP | 20% | FY2026 | — |
| MCP server and Teamwork Graph CLI monthly active users | 1M | Q4 FY2026 | — |
| Non-GAAP net income non-GAAP | $1.53B | FY2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net income (loss) -53.83M
+1.61B Stock-based compensation
+101.49M Amortization of acquired intangible assets
+279.51M Restructuring charges
-406.08M Income tax adjustments
= Non-GAAP net income 1.53B
|
|||
| Non-GAAP operating income non-GAAP | $2B | FY2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP operating income (loss) 10.36M
+1.61B Stock-based compensation
+101.49M Amortization of acquired intangible assets
+279.51M Restructuring charges
= Non-GAAP operating income 2B
|
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| Non-GAAP operating margin non-GAAP | 30% | FY2026 | — |
| Operating cash flow | $479M | Q4 FY26 | — |
| Remaining performance obligations | $4.82B | Q4 FY2026 | — |
| Shares repurchased | 19.1M | FY26 | — |
| Subscription ARR | $6.61B | Q4 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TEAM
this stock
Atlassian Corp
|
$37.78B | -7.5% | +26.0% | 441.2 | 3.1% |
|
SAP
Sap SE
|
$271.12B | -3.3% | — | — | 0.2% |
|
QH
QUHUO Ltd
|
$268.05B | +181.9% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$189.23B | -8.6% | +30.1% | 89.2 | 1.5% |
|
CRM
Salesforce, Inc.
|
$179.28B | -17.8% | +25.9% | 19.9 | 3.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 6, 2026
- This year
- 20
Atlassian reported 24% revenue growth in the three months ended September 30, 2026, with operating income of $188,793 thousand and net income of $90,721 thousand versus prior-year losses. Free cash flow increased $348.0 million to $462,554 thousand.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TEAM | -2.4% | -27.8% | +76.6% | -21.8% | -7.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -5.0% | -26.7% | +76.1% | -21.6% | -18.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.