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Atlassian

TEAM Nasdaq Application Software Financials FY2017–FY2026

Atlassian's revenue rose 26.0% to $6.6 billion in fiscal 2026. Its operating margin was 0.2%, up from −2.5% a year earlier. Free cash flow was $1.3 billion, down 6.8%. It paid out $1.8 billion in dividends and buybacks, 136% of free cash flow. The diluted share count fell 0.6%.

Last close · Oct 23, 2026

$227.61

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$6.6B
26.0% vs prior year
Operating margin Operating income as a share of revenue.
0.2%
2.7 pts
Net income Profit after all expenses, interest and tax.
−$53.8M
Free cash flow Cash from operations minus capital spending.
$1.3B
6.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
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Market cap Last close times the latest diluted share count, so it is approximate.
$59.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Atlassian does

Atlassian sells software that helps teams plan, track and carry out their work. It was founded in Sydney, Australia, in 2002. Its products serve software teams, IT operations and support teams, and business and leadership teams. Its best-known apps include Jira, Confluence and Jira Service Management. They run on a shared cloud platform, and the company has added artificial intelligence (AI) features, including an AI offering it calls Rovo.

Atlassian says it serves more than 350,000 customers, from small companies to over 85% of the Fortune 500, in over 200 countries and territories. It earns its revenue by selling subscriptions and licenses to its software. Many customers sign up on their own through self-service, and the company's sales force focuses mainly on deepening relationships with large business customers. It also runs the Atlassian Marketplace, where outside developers sell apps that work with its products.

The company says it derives a majority of its revenue from Jira, Confluence and Jira Service Management. It is moving its business toward its cloud offerings, and it competes in markets it describes as intensely competitive.

Legal name
Atlassian Corporation
Fiscal year ends
June 30, 2026
Latest annual report
10-K · Aug 14, 2026
Accession · CIK
0001650372-26-000036
0001650372

Revenue and margins

Atlassian had $6.6B of revenue in fiscal 2026, up 26.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.3B in fiscal 2026, 20.1% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Atlassian returned $1.8B to shareholders in fiscal 2026, 137% of free cash flow. The diluted share count fell 0.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Atlassian yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $250M and divides by 260.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Atlassian can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $1.5B$2.1B$2.3B$2.9B$1.2B
Debt incl. finance leases $999M$1,000M$986M$988M$990M
Net debt / EBITDA −3.8x———−1.7x
Debt / equity 3.1x1.5x1.0x0.7x0.9x
Interest coverage 1.7x−11.5x−3.4x−4.3x0.2x
Current ratio 1.2x1.4x1.2x1.2x0.8x
Quick ratio 1.2x1.4x1.2x1.2x0.8x
Total assets $3.3B$4.1B$5.2B$6.0B$6.1B
Total liabilities $3.0B$3.5B$4.2B$4.7B$5.0B
Shareholders' equity $327M$655M$1.0B$1.3B$1.1B
Net debt (− = net cash) −$459M−$1.1B−$1.4B−$1.9B−$250M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$4.5M

3 insiders

Of sales under plans

31%

$1.4M

DateInsiderTradeSharesPriceValueFiling
Oct 12, 2026 Gene LiuChief Accounting Officer Sold plan 337 $210.00 $0.1M Form 4
Aug 28, 2026 Gene LiuChief Accounting Officer Sold plan 939 $190.00 $0.2M Form 4
Aug 19, 2026 Brian DuffyChief Revenue Officer Sold 1,851 $172.45 $0.3M Form 4
Aug 19, 2026 Gene LiuChief Accounting Officer Sold plan 1,125 $175.00 $0.2M Form 4
Aug 19, 2026 James ChuongChief Financial Officer Sold 9,054 $172.45 $1.6M Form 4
Aug 14, 2026 Brian DuffyChief Revenue Officer Sold 7,617 $163.00 $1.2M Form 4
Aug 14, 2026 Gene LiuChief Accounting Officer Sold plan 815 $163.00 $0.1M Form 4
Aug 13, 2026 Gene LiuChief Accounting Officer Sold plan 737 $165.00 $0.1M Form 4
Jun 12, 2026 Brian DuffyChief Revenue Officer Sold plan 3,000 $89.71 $0.3M Form 4
Jun 11, 2026 Brian DuffyChief Revenue Officer Sold plan 1,432 $88.79 $0.1M Form 4
Jun 10, 2026 Brian DuffyChief Revenue Officer Sold plan 1,813 $92.79 $0.2M Form 4
Jun 9, 2026 Brian DuffyChief Revenue Officer Sold plan 1,454 $95.35 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✕ ✕ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✕ ✕ ✓
Gross margin rose ✕ ✓ ✓
Revenue rose relative to assets ✕ ✕ ✓
F-score 4 / 96 / 97 / 9
Accruals ratio −37.5%−30.5%−23.2%
Altman Z'' −1.31−1.36−3.86

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Atlassian TEAM $59.2B 26.0% 0.2% 20.1% — — 7
Synopsys SNPS $82.7B 15.1% 13.0% 19.1% 4.0% 75.2x 3 Compare →
Autodesk ADSK $53.2B 17.5% 21.9% 33.4% 37.0% 32.7x 8 Compare →
Cadence Design Systems CDNS $86.6B 14.1% 28.2% 30.0% 23.7% 73.8x 5 Compare →
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10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $620M $874M $1.2B $1.6B $2.1B $2.8B $3.5B $4.4B $5.2B $6.6B
Gross profit $508M $708M $1,000M $1.3B $1.8B $2.4B $2.9B $3.6B $4.3B $5.6B
Research and development $310M $416M $579M $763M $933M $1.3B $1.9B $2.2B $2.7B $3.3B
Operating income −$55.8M −$46.0M −$63.4M $14.1M $141M $70.1M −$345M −$117M −$130M $10.4M
Interest expense $0.1M $6.8M $40.2M $49.6M $92.6M $41.5M $30.1M $34.1M $30.5M $49.4M
Pretax income −$52.4M −$58.1M −$606M −$346M −$514M −$471M −$311M −$85.4M −$98.9M $22.1M
Income tax −$15.0M $55.3M $32.1M $4.4M $64.6M $48.6M $176M $215M $158M $75.9M
Net income −$37.4M −$113M −$638M −$351M −$579M −$520M −$487M −$301M −$257M −$53.8M
Diluted EPS −$0.17 −$0.49 −$2.67 −$1.43 −$2.32 −$2.05 −$1.90 −$1.16 −$0.98 −$0.21
Diluted shares 0.22B 0.23B 0.24B 0.24B 0.25B 0.25B 0.26B 0.26B 0.26B 0.26B
Cash flow
Cash from operations $199M $312M $466M $574M $790M $821M $868M $1.4B $1.5B $1.4B
Capital expenditure $0.9M $30.2M $44.2M $35.7M $31.5M $70.6M $25.8M $33.1M $44.9M $34.1M
Free cash flow $198M $281M $422M $539M $758M $750M $842M $1.4B $1.4B $1.3B
Depreciation and amortization $61.5M $79.4M $70.2M $62.3M $55.9M $51.7M $60.9M $78.7M $92.4M $141M
Stock-based compensation $137M $163M $258M $313M $341M $525M $948M $1.1B $1.4B $1.6B
Acquisitions $381M $0.0M $419M $53.2M $91.8M $19.4M $5.8M $848M $14.2M $1.2B
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $150M $395M $779M $1.8B
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $150M $395M $779M $1.8B
Balance sheet
Cash and short-term investments $550M $1.7B $1.7B $2.2B $1.2B $1.5B $2.1B $2.3B $2.9B $1.2B
Total debt $0.0M $820M $854M $889M $349M $999M $1,000M $986M $988M $990M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $613M $1.8B $2.0B $2.6B $1.6B $1.9B $2.7B $3.1B $3.9B $2.8B
Current liabilities $327M $445M $2.3B $3.0B $2.3B $1.6B $2.0B $2.6B $3.2B $3.6B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $41.2M $51.7M $81.5M $97.6M $66.2M $101M $81.4M $86.3M $105M $86.3M
Total assets $1.3B $2.4B $3.0B $3.9B $2.9B $3.3B $4.1B $5.2B $6.0B $6.1B
Total liabilities $390M $1.5B $2.4B $3.3B $2.7B $3.0B $3.5B $4.2B $4.7B $5.0B
Shareholders' equity $903M $907M $566M $567M $313M $327M $655M $1.0B $1.3B $1.1B
Margins
Gross margin 81.9% 81.0% 82.6% 83.4% 84.1% 83.8% 82.1% 81.6% 82.8% 84.8%
Operating margin −9.0% −5.3% −5.2% 0.9% 6.8% 2.5% −9.8% −2.7% −2.5% 0.2%
EBITDA margin 0.9% 3.8% 0.6% 4.7% 9.5% 4.4% −8.0% −0.9% −0.7% 2.3%
Net margin −6.0% −13.0% −52.7% −21.7% −27.7% −18.5% −13.8% −6.9% −4.9% −0.8%
FCF margin 32.0% 32.2% 34.9% 33.4% 36.3% 26.8% 23.8% 32.5% 27.1% 20.1%
Returns
Return on capital employed — −3.1% −4.8% 1.9% 18.7% 5.9% −18.1% −5.0% −4.8% 0.4%
Return on equity — −12.5% −86.6% −62.0% −131.6% −162.2% −99.1% −35.6% −21.6% −4.5%
Return on assets — −6.1% −23.6% −10.2% −16.9% −16.6% −13.1% −6.5% −4.6% −0.9%
Growth
Revenue growth 35.6% 41.0% 38.5% 33.4% 29.4% 34.2% 26.1% 23.3% 19.7% 26.0%
Net income growth −956.4% — — — — — — — — —
EPS growth −950.0% — — — — — — — — —
FCF growth 108.2% 41.7% 50.1% 27.6% 40.8% −1.1% 12.2% 68.0% 0.0% −6.8%
Share count change 14.9% 4.0% 3.2% 2.6% 2.0% 1.5% 1.2% 1.1% 1.0% −0.6%
Financial health
Net debt / EBITDA −96.3x −27.4x −124.9x −16.6x −4.5x −3.8x — — — −1.7x
Debt / equity 0.0x 0.9x 1.5x 1.6x 1.1x 3.1x 1.5x 1.0x 0.7x 0.9x
Interest coverage −744.5x −6.8x −1.6x 0.3x 1.5x 1.7x −11.5x −3.4x −4.3x 0.2x
Current ratio 1.9x 4.1x 0.9x 0.9x 0.7x 1.2x 1.4x 1.2x 1.2x 0.8x
Quick ratio 1.9x 4.1x 0.9x 0.9x 0.7x 1.2x 1.4x 1.2x 1.2x 0.8x
Capital allocation
Capex / revenue 0.2% 3.5% 3.7% 2.2% 1.5% 2.5% 0.7% 0.8% 0.9% 0.5%
Stock comp / revenue 22.2% 18.6% 21.3% 19.4% 16.3% 18.7% 26.8% 24.8% 26.1% 24.4%
Payouts / FCF 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 17.8% 27.9% 55.1% 136.5%
Quality scores
Piotroski F-score — — 4.0 6.0 4.0 4.0 6.0 4.0 6.0 7.0
Altman Z'' 3.5 4.1 −1.4 −1.4 −3.1 −1.0 −1.2 −1.3 −1.4 −3.9
Accruals ratio — −22.9% −40.9% −26.9% −40.0% −42.8% −36.5% −37.5% −30.5% −23.2%

Source: SEC EDGAR XBRL filings (CIK 0001650372). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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