Atlassian (TEAM) Company Report

Atlassian reported strong Q2 FY 2026 results, surpassing $6 billion in annual run rate revenue and achieving its first-ever $1 billion cloud revenue quarter, which was up 26% year-over-year.
Remaining Performance Obligations (RPO) grew 44% year-over-year to $3.8 billion, accelerating for the third consecutive quarter, indicating strong customer confidence and multi-year commitments.
AI is a significant growth driver, with Rovo surpassing 5 million monthly active users and the Teamwork Collection, an AI monetization driver, securing over 1 million seats from more than 1,000 customers in under nine months.
The company reiterated its midterm outlook for a 20%+ compounded annual revenue growth through FY 2027 and a 25%+ non-GAAP operating margin commitment for FY 2027, maintaining confidence in healthy and accelerating cloud revenue growth.

1 day ago

Transcript

Atlassian Reports Strong Q2 2026 Results and Reaffirms Midterm Outlook

TEAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Atlassian (TEAM) reported strong Q2 2026 results, with annual run rate revenue surpassing $6 billion and Cloud revenue reaching $1 billion for the first time, marking a 26% year-over-year increase.
The company's Remaining Performance Obligations (RPO) grew 44% year-over-year to $3.8 billion, accelerating for the third consecutive quarter, reflecting strong customer commitment.
AI adoption is a key driver, with Rovo exceeding 5 million monthly active users and over 1,000 customers upgrading to the Teamwork Collection, acquiring more than 1 million seats in less than nine months.
Atlassian reiterated its confidence in its midterm outlook, projecting 20%+ compounded annual revenue growth and 25%+ non-GAAP operating margin through FY 2027.

1 day ago

Transcript

Atlassian Reports Strong Q2 2026 Results with Significant Cloud and AI Growth

TEAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Atlassian closed Q2 2026 with strong enterprise sales, surpassing $6 billion in annual run rate revenue and achieving its first $1 billion cloud revenue quarter, up 26% year-over-year.
Remaining Performance Obligations (RPO) grew 44% year-over-year to $3.8 billion, accelerating for the third consecutive quarter, indicating strong customer commitments.
The company saw significant AI adoption, with Rovo surging past 5 million monthly active users and over 1 million seats purchased for the Teamwork Collection in under nine months.
Cloud migrations contributed a mid- to high-single-digit impact to Cloud revenue growth rates in Q2 2026.
Atlassian reiterated its midterm outlook of 20%+ compounded annual revenue growth through FY 2027 and a 25%+ non-GAAP operating margin commitment in FY 2027.

1 day ago

Transcript

Atlassian Announces Second Quarter Fiscal Year 2026 Results

TEAM

Earnings

Guidance Update

Revenue Acceleration/Inflection

Atlassian reported total revenue of $1,586.3 million for the second quarter of fiscal year 2026, ended December 31, 2025, representing a 23% year-over-year increase, with Cloud revenue growing 26% year-over-year to $1,067 million.
The company achieved a non-GAAP operating income of $430.2 million, resulting in a non-GAAP operating margin of 27%, and non-GAAP net income per diluted share of $1.22 for the quarter.
Remaining performance obligations (RPO) increased 44% year-over-year, reaching $3,814 million.
For the third quarter of fiscal year 2026, Atlassian expects total revenue to be in the range of $1,689 million to $1,697 million, with a non-GAAP operating margin of approximately 27.5%.

1 day ago

Press Release

Atlassian Reports Strong Q1 FY2026 Results, Raises Cloud Revenue Outlook, and Announces CFO Transition

TEAM

Earnings

Guidance Update

CFO Change

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

Earnings Transcripts

Quarterly earnings call transcripts for Atlassian.

Q2 2026

Feb 5, 2026

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Q1 2026

Oct 30, 2025

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Q4 2025

Aug 7, 2025

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View All Transcripts

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Atlassian (TEAM)

Analyst Earnings Quarterly Reports

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q2 2026

Executives

Michael Cannon-Brookes

Anu Bharadwaj

Brian Duffy

Joseph Binz

Rajeev Rajan

Board Members

Christian Smith

Jason Warner

Karen Dykstra

Michelle Zatlyn

Richard Wong

Sasan Goodarzi

Scott Belsky

Scott Farquhar

Shona Brown

Steven Sordello

Analyst Coverage

Gregg Moskowitz

Jason Celino

Keith Bachman

Michael Turrin

Karl Keirstead

Keith Weiss

Arjun Bhatia

David Hynes

Kasthuri Rangan

Raimo Lenschow

Sanjit Singh

Adam Tindle

Alex Nguyen

Alex Zukin

Arsenije Matovic

Brent Thill

Fatima Boolani

Itay Kidron

Kash Rangan

Koji Ikeda

Rob Oliver

Ryan MacWilliams

Ryan McWilliams

Aleksandr Zukin

Allan Verkhovski

Clarke Jeffries

Mark Cash

Robbie Owens

Robert Oliver

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Q1 2026

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