Filing Flows › Atlassian (TEAM) › Q1 FY27 › vs Q1 FY26
Atlassian (TEAM) Q1 FY27 vs Q1 FY26 (year over year)
Atlassian's revenue rose $340M (+24%) from $1.4B in Q1 FY26 to $1.8B in Q1 FY27. The biggest changes: Subscription +$323M (+24%); Marketplace and other +$16.8M (+27%). Gross margin 85.2% against 82.0% (+3.2 pts).
Atlassian, Q1 FY27: revenue $1.8B (+24% year over year), operating margin 10.7%, net earnings $90.7M, operating cash flow $469M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 85.2% | 82.0% | +3.2 pts |
| Operating margin | 10.7% | -6.7% | +17.4 pts |
| Net margin | 5.1% | -3.6% | +8.7 pts |
| Free cash flow margin | 26.1% | 8.0% | +18.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Cloud | $1.3B | $998M | $305M | +31% |
| Data Center | $391M | $373M | $18.1M | +5% |
| Subscription | $1.7B | $1.4B | $323M | +24% |
| Marketplace and other | $79.0M | $62.2M | $16.8M | +27% |
| Revenue | $1.8B | $1.4B | $340M | +24% |
| Gross profit | $1.5B | $1.2B | $336M | +29% |
| Cost of revenue | $262M | $258M | $4.0M | +2% |
| Operating profit | $189M | −$96.3M | $285M | — |
| Operating expenses | $1.3B | $1.3B | $50.5M | +4% |
| Pre-tax earnings | $170M | −$56.3M | $227M | — |
| Other expense, net | $18.6M | −$40.0M | $58.6M | — |
| Research & development | $759M | $756M | $2.9M | +0.4% |
| Sales & marketing | $390M | $336M | $53.9M | +16% |
| General & admin | $172M | $179M | −$6.4M | -4% |
| Net earnings | $90.7M | −$51.9M | $143M | — |
| Income tax | $79.5M | −$4.5M | $83.9M | — |
| Depreciation & amortization | $39.7M | $24.3M | $15.3M | +63% |
| Share-based compensation | $356M | $351M | $5.4M | +2% |
| Working capital & other | $18.3M | $195M | −$177M | -91% |
| Operating cash flow | $469M | $129M | $340M | +264% |
| Free cash flow (OCF − capex) | $463M | $115M | $348M | +304% |
| Capital expenditures | $6.0M | $14.1M | −$8.1M | -58% |
Questions
How much did Atlassian's revenue grow year over year in Q1 FY27?
Atlassian's revenue rose $340M (+24%) from $1.4B in Q1 FY26 to $1.8B in Q1 FY27.
What drove Atlassian's revenue change in Q1 FY27?
Subscription +$323M (+24%); Marketplace and other +$16.8M (+27%).