Atlassian (TEAM) Company Report

Atlassian reported strong Q1 FY2026 results, with total revenue growing 21% year-over-year to $1.4 billion and cloud revenue increasing 26% year-over-year to $998 million.
The company raised its full-year cloud revenue outlook by 1.5 points to 22.5% year-over-year, primarily due to stronger-than-expected cloud migrations from data center. However, this led to a 0.5 percentage point decline in the organic revenue growth outlook for the rest of the year, attributed to revenue recognition timing differences and lower marketplace take rates on cloud app sales.
Strategic priorities in enterprise, AI, and the system of work are driving growth, with over 3.5 million monthly active users of AI capabilities across the platform, representing an increase of over 50% since last quarter.
CFO Joe Binz announced his upcoming transition, with the actual departure expected at a later date.

Oct 30, 2025, 9:00 PM

Transcript

Atlassian Announces Q1 Fiscal Year 2026 Results and Strategic Updates

TEAM

Earnings

Guidance Update

Share Buyback

Atlassian reported Q1 FY26 total revenue of $1,433 million, a 21% year-over-year increase, with Cloud revenue growing 26% to $998 million.
Non-GAAP operating margin for Q1 FY26 was 23%, and non-GAAP net income per diluted share was $1.04. Free cash flow for the quarter was $115 million.
The company announced the end-of-life for its Data Center products and launched Atlassian Ascend to facilitate Cloud migrations. The Board also authorized a new $2.5 billion share repurchase program.
For Q2 FY26, total revenue is projected to be between $1,535 million and $1,543 million, with a non-GAAP operating margin of approximately 24.5%.

Oct 30, 2025, 8:09 PM

8-K

Atlassian Announces First Quarter Fiscal Year 2026 Results and Strategic Updates

TEAM

Earnings

Guidance Update

M&A

Atlassian reported first quarter fiscal year 2026 revenue of $1,433 million, marking a 21% year-over-year increase, driven by Cloud revenue growth of 26% to $998 million.
The company authorized a new $2.5 billion share repurchase program and provided second quarter fiscal year 2026 total revenue guidance between $1,535 million and $1,543 million.
Strategic initiatives include the acquisition of The Browser Company of New York and DX, alongside the launch of new AI-powered products such as Rovo Dev and the Software Collection.
Atlassian also announced leadership changes, with Tamar Yehoshua joining as Chief Product and AI Officer and CFO Joe Binz retiring in June 2026.

Oct 30, 2025, 8:05 PM

Press Release

Employment Hero Achieves A$300M ARR and Profitability

TEAM

Revenue Acceleration/Inflection

M&A

New Projects/Investments

Employment Hero has reached A$300 million in global annual recurring revenue (ARR), marking a tenfold increase in just over five years.
The company achieved continued EBITDA profitability on both a monthly and year-to-date basis, with its first EBITDA-positive month recorded in December 2024 and is on track for its first full EBITDA positive year.
In the first half of 2025, Employment Hero added more than A$30 million in new ARR and completed the strategic acquisition of Canadian HR & payroll platform Humi in January 2025.
Employment Hero has also achieved SOC 2 Type 2 compliance, reinforcing its commitment to protecting sensitive customer data.

Oct 7, 2025, 12:00 PM

Press Release

Atlassian Corp Stock Performance Amid AI Concerns

TEAM

Demand Weakening

Atlassian is among several software companies whose stocks are down more than 20% year-to-date due to investor fears that AI will negatively impact the software sector.
Brent Thill believes these fears, which suggest AI will "eat software" and cause multiples to fall, are overblown.
The application software sector, which includes Atlassian, has been "crushed" and is currently experiencing the least impact from AI, as cloud infrastructure companies are benefiting from building AI infrastructure for application companies, but application companies are not yet monetizing it.

Aug 11, 2025, 10:18 PM

CNBC Television

Atlassian Reports Strong FY 2025 Results and Provides FY 2026 Outlook

TEAM

Earnings

Guidance Update

Management Change

Atlassian closed FY 2025 with over $5.2 billion in revenue and over $1.4 billion in free cash flow, delivering another year of balanced rule of 40 plus performance.
The company saw a record number of deals greater than $1 million in ACV in Q4 2025, up over 2x year over year, and the RPO balance increased to $3.3 billion, up 38% year over year.
Atlassian reached 2.3 million AI Now users, up 50% from last quarter, and announced a partnership with Google Cloud to accelerate its multi-cloud strategy and deliver advanced AI solutions.
The company remains confident in its ability to deliver 20% compounded annual growth from FY 2024 through FY 2027 and expects an operating margin of 24% for FY 2026, with a target of over 25% for FY 2027.
Anu, Atlassian President, will transition from her role in December.

Aug 8, 2025, 2:05 AM

Atlassian Expands Enterprise and AI Initiatives

TEAM

Product Launch

Hiring

Revenue Acceleration/Inflection

Atlassian is accelerating its enterprise strategy by enhancing its go-to-market model and rolling out the Teamwork Collection bundling Jira, Confluence, and Loom to drive deeper customer penetration.
The company is leveraging AI with rovo.ai—offered free to customers—to boost developer productivity, now serving 1,500,000 monthly active users.
Growth in Jira Service Management (JSM) remains a key focus with strategic investments aimed at expanding mid-market opportunities and further increasing ARR.

Jun 4, 2025, 6:31 PM

Atlassian Unveils Cloud and AI Transformation at 2025 Conference

TEAM

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Atlassian outlined its evolution from a software development toolset (e.g. Jira, Confluence) to a broader collaboration platform, emphasizing cloud migration and enterprise growth.
The company introduced its advanced AI capabilities, Rovo, which are being embedded across its products with a consumption-based pricing model aimed at driving adoption and long-term revenue recovery.
A renewed cloud strategy was detailed, including new offerings such as government cloud and an isolated (single-tenant) cloud, to facilitate the transition of data center customers to a more innovative, cloud-based experience.
Atlassian reaffirmed its long-term target of achieving 25%+ non-GAAP operating margins by FY 2027, driven by investments in enterprise sales, enhanced partner ecosystems, and a strategic shift to cloud solutions.

Jun 4, 2025, 2:21 AM

Atlassian Highlights Cloud Transition and AI Innovation

TEAM

New Projects/Investments

Product Launch

Revenue Acceleration/Inflection

Atlassian detailed its evolution from a legacy server model to a cloud-first subscription model, achieving over 90% cloud adoption among its 300,000 customers and attracting 85% of Fortune 500 companies.
The discussion emphasized a product-led strategy with a comprehensive platform that seamlessly integrates multiple products and drives natural cross-sell and expansion, including a reported 60% overlap between Jira and Confluence.
Significant R&D investments have underpinned the development of a common cloud platform and deep integrations, powering innovations such as Atlassian Intelligence (Rovo) to improve workflows and drive productivity.
The call also highlighted opportunities in capturing an $18 billion opportunity from existing customers, particularly through advanced service management solutions that deliver cost savings and immediate time-to-value.

May 31, 2025, 8:16 AM

Atlassian Q3 FY2025 Earnings Call & Results Overview

TEAM

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Total Revenue & Cloud Performance: Achieved $1.4 billion in total revenue, including $1,273 million in Cloud subscription revenue with robust 25% YoY cloud revenue growth.
Margins & Profitability: Reported a GAAP operating loss of $12.5 million (1% operating margin), a non‑GAAP operating margin of 26%, and a net loss of $70.8 million.
Cash Flow Strength: Demonstrated strong operational efficiency with $653 million from operations and $638 million in free cash flow, complemented by a 47% free cash flow margin.
AI Integration: Expanded AI capabilities through Rovo, now engaging over 1.5 million monthly active users, with plans to embed AI across core enterprise products to drive future growth.
Enterprise Strategy: Focused on iterative, enterprise-scale sales motions with an expected 20% CAGR through FY27, adapting to evolving deal structures and extended sales cycles.

May 1, 2025, 9:01 PM

Transcript 8-K

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