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Atlassian
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Latest analysis
Updated Nov 6, 2026
Atlassian Q1 FY2027: Revenue grows 24% YoY to $1.77B as GAAP operating margin flips to +11% from -7%, driven by Cloud acceleration and absence of prior-year restructuring charges.
Atlassian delivered Q1 FY2027 revenue of $1.77 billion, up 24% year-over-year, with Cloud growing 31% to $1.30 billion and GAAP operating income swinging to $188.8 million from a $(96.3) million loss in the prior year — the most decisive profitability inflection in recent quarters. Non-GAAP operating margin expanded 9 percentage points to 32%, and free cash flow surged to $462.6 million from $114.6 million, reflecting both operating leverage and the absence of $55.7 million in prior-year restructuring charges. The filing signals a structural shift toward Cloud-first economics: AI inference costs are now explicitly embedded in cost of revenues, Rovo is offered at no incremental charge to premium-and-above customers, and the Data Center end-of-life ('Atlassian Ascend') is actively reshaping near-term revenue mix and customer purchasing patterns.
Tone: bullishRevenue
$6.6B
TEAM 10-K · FY 2026
Employees
13,301
Revenue FY2025
$5.2B
Founded
2002
Profile
TEAM 10-K Item 1 · Aug 14, 2026Atlassian Corporation develops and sells team collaboration software, offering an interconnected portfolio of apps, AI agents, and curated Collections built on its Atlassian Cloud Platform. The company serves more than 350,000 customers globally — from small businesses to over 85% of the Fortune 500 — across software, IT, and business teams. Its go-to-market model is product-led, emphasizing self-service adoption and a land-and-expand flywheel.
Read filing description ↓ Collapse description ↑
Atlassian's team collaboration software enables organizations to connect all teams through a system of work that unlocks productivity at scale. Our deeply interconnected portfolio of apps, AI agents, and Collections, each with discrete value propositions, delivers solutions for software teams, IT operations and support teams, leadership and business teams. As an AI-first company, we have embedded AI capabilities across every surface of our platform, enabling organizations to orchestrate work effectively across both human and AI teammates. These apps, agents, and Collections are all built on the Atlassian Cloud Platform and data model: a common technology foundation that seamlessly connects teams, information, context, and workflows throughout an organization. Since Atlassian was founded in Sydney, Australia in 2002, we've advanced our mission with a deep investment in product development to build innovative, high-value, and versatile apps that users love. Our software has been recognized as a leader in multiple markets and powers more than 350,000 customers worldwide. We serve organizations of all sizes, from small emerging companies to over 85% of the Fortune 500, across almost every industry, and in over 200 countries and territories. Our product-led philosophy prioritizes delivering high-value, competitively priced software at high volume, enabling us to go to market in a unique and efficient way. We aim to grow our customer base, targeting small, medium, and large enterprises, and strategically expand our relationships with customers over time.
Primary products
- Jira
- Confluence
- Jira Service Management
- Rovo
- Loom
- Bitbucket
End markets
Geographies
“We believe our product strategy, AI capabilities, proprietary context layer, distribution model, and company culture allow us to compete favorably on all these factors.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Total revenues grew from $5.22 billion in fiscal year 2025 to $6.57 billion in fiscal year 2026, driven primarily by growth in subscription revenues.
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