Q1 FY27 Revenue up 24% year over year to $1.8B · 5¢ of every $1 of revenue kept as net profit · operating margin 10.7%
Atlassian made $1.8B in Q1 FY27 (+24% Y/Y): Subscription $1.7B, Marketplace and other $79.0M. Operating margin 10.7%, net earnings $90.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Revenue$1.8B
Year over year+24%
Operating margin10.7%
Net earnings$90.7M
Operating cash flow$469M
Drawing the Sankey…
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Atlassian Q1 FY27 revenue breakdown — free to use with credit and a link (terms). Share on XEmbed this chart on your site
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What changed this quarter
Revenue was $1.8B in Q1 FY27, up 24% year over year and roughly flat from the previous quarter. Cloud was the largest line at 73% of revenue. Cloud added $0.30B year over year (up 31%), 90% of the total change.
Gross margin was 85.2%, up 3.2 points from Q1 FY26. Operating profit was $0.19B, a 10.7% margin (up 17.4 points year over year). Operating expenses grew 4% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+16%). Net earnings were $0.09B. The effective tax rate was 46.7%.
Operating cash flow was $0.47B (up 264% year over year), 516% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $0.36B of share-based compensation. Capital expenditures of $0.01B left free cash flow of $0.46B.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q1 FY27
10-Q
Nov 6, 2026
$1.8B
+24%
10.7%
$90.7M
$469M
Q4 FY26
10-K
Aug 14, 2026
$1.8B
+28%
11.9%
$139M
$479M
Q3 FY26
10-Q
May 1, 2026
$1.8B
+32%
-3.1%
−$98.4M
$567M
Q2 FY26
10-Q
Feb 6, 2026
$1.6B
+23%
-3.0%
−$42.6M
$178M
Q1 FY26
10-Q
Oct 31, 2025
$1.4B
+21%
-6.7%
−$51.9M
$129M
Q4 FY25
10-K
Aug 15, 2025
$1.4B
+22%
-2.1%
−$23.9M
$375M
Q3 FY25
10-Q
May 2, 2025
$1.4B
+14%
-0.9%
−$70.8M
$653M
Charts
Latest (Q1 FY27): Y/Y +24%, Q/Q +0%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q1 FY27): Net income $90.7M, Operating cash flow $469M.+4.2% since FY21: more shares outstanding (issuance, stock pay).Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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.
In its own words, from its 10-K, filed Aug 14, 2026.
Atlassian against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +19%. Operating margin: 10.7% against the peers' median 15.2%.
Met or beat 7 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.17 statements; tone +0.18 (−1 all cautious, +1 all confident); 4 hedged.
13F: who owns TEAM and who is buying
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).
