Atlassian Announces Fourth Quarter and Fiscal Year 2026 Results
Atlassian Corp (TEAM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Atlassian Announces Fourth Quarter and Fiscal Year 2026 Results Quarterly revenue of $1,766 million, up 28% year-over-year Quarterly cloud revenue of $1,213 million, up 31% year-over-year Subscription ARR of $6,606 million, up 23% year-over-year Remaining performance obligations
How this was made
The 30-second read
Why it matters
The combination of accelerating cloud revenue, rising Subscription ARR, and GAAP profitability provides a fresh basis for valuation and near-term positioning.
Market read
This is a primary results disclosure with multiple decision-relevant metrics (revenue, margins, ARR, RPO, free cash flow) that can drive same-day repricing.
What to watch
Traders may discount the durability of RPO and ARR growth if enterprise AI deployments slow or if cloud growth decelerates in subsequent quarters.
Quarterly revenue of $1,766 million, up 28% year-over-year; quarterly cloud revenue of $1,213 million, up 31% year-over-year; Subscription ARR of $6,606 million, up 23% year-over-year; and remaining performance obligations of $4,817 million, up 44% year-over-year.
Atlassian delivered 28% quarterly revenue growth, 31% cloud revenue growth, 44% RPO growth, substantial GAAP and non-GAAP operating-margin expansion, and positive GAAP quarterly operating income and net income.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q4 fiscal year 2026 total revenueGAAP | $1.77B | – | up 28% |
| Q4 fiscal year 2026 cloud revenueother | $1.21B | – | up 31% year-over-year |
| Q4 fiscal year 2026 remaining performance obligationsother | $4.82B | – | up 44% year-over-year |
| Q4 fiscal year 2026 operating incomeGAAP | $211M | – | – |
| Q4 fiscal year 2026 operating marginGAAP | 12% | – | – |
| Q4 fiscal year 2026 net incomeGAAP | $139M | – | – |
| Q4 fiscal year 2026 net income per diluted shareGAAP | $0.55 | – | – |
| Cash and cash equivalents at the end of Q4 fiscal year 2026GAAP | $1.24B | – | – |
| Q4 fiscal year 2026 operating incomenon-GAAP | $636M | – | – |
| Q4 fiscal year 2026 operating marginnon-GAAP | 36% | – | – |
| Q4 fiscal year 2026 net incomenon-GAAP | $473M | – | – |
| Q4 fiscal year 2026 net income per diluted sharenon-GAAP | $1.87 | – | – |
| Q4 fiscal year 2026 cash flow from operationsnon-GAAP | $479M | – | – |
| Q4 fiscal year 2026 free cash flownon-GAAP | $475M | – | – |
| Q4 fiscal year 2026 free cash flow marginnon-GAAP | 27% | – | – |
| Fiscal year 2026 total revenueGAAP | $6.57B | – | up 26% |
| Fiscal year 2026 operating incomeGAAP | $10M | – | – |
| Fiscal year 2026 operating marginGAAP | 0.2% | – | – |
| Fiscal year 2026 net lossGAAP | $54M | – | – |
| Fiscal year 2026 net loss per diluted shareGAAP | $0.21 | – | – |
| Subscription ARR as of June 30, 2026non-GAAP | $6.61B | – | up 23% |
| Fiscal year 2026 operating incomenon-GAAP | $2.00B | – | – |
| Fiscal year 2026 operating marginnon-GAAP | 30% | – | – |
| Fiscal year 2026 net incomenon-GAAP | $1.53B | – | – |
| Fiscal year 2026 net income per diluted sharenon-GAAP | $5.85 | – | – |
| Fiscal year 2026 cash flow from operationsnon-GAAP | $1.35B | – | – |
| Fiscal year 2026 free cash flownon-GAAP | $1.32B | – | – |
| Fiscal year 2026 free cash flow marginnon-GAAP | 20% | – | – |
Capital returns
- Mike Cannon-Brookes announced his intention to enter into a trading plan to make open market purchases of up to $250 million in shares of Atlassian’s Class A Common Stock.
- The trading plan will be structured to satisfy the affirmative defense of Rule 10b5-1(c).
What drove it
- Quarterly cloud revenue was $1,213 million, up 31% year-over-year.
- Subscription ARR was $6,606 million as of June 30, 2026, up 23% from $5,382 million as of June 30, 2025.
- Remaining performance obligations were $4,817 million, up 44% year-over-year.
- Atlassian released new agentic development capabilities in Jira across the software development lifecycle.
- Atlassian launched Isolated Cloud and advanced AI admin controls into general availability and expanded HIPAA coverage by adding Rovo to its covered apps.
- Atlassian's MCP server and Teamwork Graph CLI hit 1 million MAU.
Concerns
- Fiscal year 2026 remained a GAAP net-loss year, with net loss of $54 million.
- The release provided no forward financial guidance.
- No prior-quarter comparisons were provided for the reported metrics.
What to watch
- Cloud revenue growth and Subscription ARR growth.
- Remaining performance obligations growth and the conversion of enterprise commitments into revenue.
- Sustainability of GAAP operating profitability following the fourth-quarter operating margin of 12%.
- Adoption of Jira agentic development capabilities, Rovo, Isolated Cloud, and AI governance controls.
- Execution under Ken Exner, who joined on August 4, 2026 as Chief Product Officer, Enterprise and Emerging.
Balance sheet and cash flow
- Cash and cash equivalents at the end of the fourth quarter of fiscal year 2026 totaled $1,240 million.
- Cash flow from operations was $479 million and free cash flow was $475 million for the fourth quarter of fiscal year 2026.
- Cash flow from operations was $1,353 million and free cash flow was $1,319 million for fiscal year 2026.
Analysis
Atlassian ended fiscal year 2026 with strong fourth-quarter growth. Total revenue was $1,766 million, up 28% from $1,384 million, while cloud revenue was $1,213 million, up 31% year-over-year. Subscription ARR reached $6,606 million as of June 30, 2026, up 23%, and remaining performance obligations reached $4,817 million, up 44% year-over-year. The RPO growth rate exceeded the reported growth rates for revenue, cloud revenue, and Subscription ARR.
Profitability improved materially in the quarter. GAAP operating income was $211 million compared with an operating loss of $28 million, and GAAP operating margin rose to 12% from (2%). GAAP net income was $139 million compared with a net loss of $24 million. Non-GAAP operating income increased to $636 million from $336 million, with non-GAAP operating margin expanding to 36% from 24%.
For the full year, total revenue was $6,572 million, up 26% from $5,215 million. Atlassian reached GAAP operating income of $10 million after an operating loss of $130 million in fiscal year 2025, but it continued to report a GAAP net loss of $54 million. Non-GAAP operating income was $1,996 million and non-GAAP operating margin was 30%, compared with $1,287 million and 25%, respectively, in fiscal year 2025.
Cash generation was positive, with fourth-quarter cash flow from operations of $479 million, free cash flow of $475 million, and free cash flow margin of 27%. For fiscal year 2026, cash flow from operations was $1,353 million, free cash flow was $1,319 million, and free cash flow margin was 20%. Cash and cash equivalents at quarter-end totaled $1,240 million.
Management emphasized AI product expansion, enterprise trust and governance capabilities, and the 1 million MAU milestone for the MCP server and Teamwork Graph CLI. The filing also disclosed Mike Cannon-Brookes' intended trading plan for open-market purchases of up to $250 million in Class A Common Stock. No forward financial guidance was included, leaving future revenue, margin, expense, and tax-rate expectations unaddressed in the release.
Management, verbatim
Q4 closes out a year that proves our long-term strategy is paying off. Total revenue grew 28% year-over-year to $1.8 billion, Cloud revenue growth accelerated to 31% year-over-year, and our MCP server and Teamwork Graph CLI surpassed one million monthly active users, more than doubling in a single quarter.
Mike Cannon-Brookes, CEO and co-Founder
Q4 was a strong finish to fiscal 2026, with Subscription ARR of $6.6 billion, increasing 23% year-over-year, and RPO growing 44% year-over-year to $4.8 billion.
James Chuong, CFO
Not in the filing
stated, not guessed- Forward revenue guidance
- Forward gross-margin guidance
- Forward operating-expense guidance
- Forward tax-rate guidance
- Forward guidance for Subscription ARR, remaining performance obligations, operating margin, earnings, cash flow, or free cash flow
- Prior guidance for comparison
- Gross profit and gross margin
- Revenue by reportable segment
- Operating expenses
- Tax rate
- Debt balance
- Prior-quarter comparisons for reported metrics
- Prior-year comparisons for cash flow, free cash flow, free cash flow margin, cash and cash equivalents, cloud revenue, and remaining performance obligations
- Company share repurchases
- Dividend declaration or payment
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was checked against the filing text, and a metric whose value, prior period and change do not add up is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The SEC 8-K includes Atlassian’s Q4 and fiscal year ended June 30, 2026 results and business highlights tied to AI features and enterprise governance.
Ticker impact
Atlassian reported Q4 and FY2026 results in an 8-K, including revenue growth, GAAP profitability, and Subscription ARR of $6.606B.
Likely near-term positive bias as traders re-rate growth plus profitability, with focus on ARR and RPO durability.
This is a primary earnings-style disclosure with multiple hard datapoints: revenue, operating margin, net income, free cash flow, Subscription ARR, and remaining performance obligations.
Market effects
Supports the broader enterprise software narrative that AI-enabled collaboration can coexist with margin expansion.
No specific regional impact disclosed beyond global enterprise demand signals.
AI productivity and developer tooling demand signals may influence sentiment across US-listed SaaS peers.
Counterpoint
Strong non-GAAP margins and AI narrative may mask underlying GAAP operating leverage sustainability beyond the quarter.
Key entities
- companyAtlassian Corporation
NASDAQ-listed collaboration and productivity software provider reporting Q4 and FY2026 results.
- executiveMike Cannon-Brookes
CEO and co-founder quoted on strategy and Teamwork Graph context for agentic workflows.
- executiveJames Chuong
CFO quoted on Subscription ARR and RPO growth and operational discipline.
