Filing Flows › Atlassian (TEAM) › Q1 FY27 › vs Q4 FY26
Atlassian (TEAM) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Atlassian's revenue rose $5.7M (+0.3%) from $1.8B in Q4 FY26 to $1.8B in Q1 FY27. The biggest changes: Subscription +$17.8M (+1%); Marketplace and other −$12.1M (-13%). Gross margin 85.2% against 86.5% (-1.3 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 85.2% | 86.5% | -1.3 pts |
| Operating margin | 10.7% | 11.9% | -1.3 pts |
| Net margin | 5.1% | 7.9% | -2.8 pts |
| Free cash flow margin | 26.1% | 26.9% | -0.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Cloud | $1.3B | $1.2B | $89.0M | +7% |
| Data Center | $391M | $462M | −$71.2M | -15% |
| Subscription | $1.7B | $1.7B | $17.8M | +1% |
| Marketplace and other | $79.0M | $91.1M | −$12.1M | -13% |
| Revenue | $1.8B | $1.8B | $5.7M | +0.3% |
| Gross profit | $1.5B | $1.5B | −$17.8M | -1% |
| Cost of revenue | $262M | $238M | $23.5M | +10% |
| Operating profit | $189M | $211M | −$21.9M | -10% |
| Operating expenses | $1.3B | $1.3B | $4.1M | +0.3% |
| Pre-tax earnings | $170M | $197M | −$26.7M | -14% |
| Other expense, net | $18.6M | $13.8M | $4.8M | +35% |
| Research & development | $759M | $760M | −$938K | -0.1% |
| Sales & marketing | $390M | $389M | $1.1M | +0.3% |
| General & admin | $172M | $168M | $4.0M | +2% |
| Net earnings | $90.7M | $139M | −$48.4M | -35% |
| Income tax | $79.5M | $57.8M | $21.6M | +37% |
| Depreciation & amortization | $39.7M | $39.4M | $224K | +0.6% |
| Share-based compensation | $356M | $394M | −$38.0M | -10% |
| Working capital & other | $18.3M | $93.8M | −$75.5M | -80% |
| Operating cash flow | $469M | $479M | −$10.6M | -2% |
| Free cash flow (OCF − capex) | $463M | $475M | −$12.1M | -3% |
| Capital expenditures | $6.0M | $4.4M | $1.5M | +34% |
Questions
How much did Atlassian's revenue grow quarter over quarter in Q1 FY27?
Atlassian's revenue rose $5.7M (+0.3%) from $1.8B in Q4 FY26 to $1.8B in Q1 FY27.
What drove Atlassian's revenue change in Q1 FY27?
Subscription +$17.8M (+1%); Marketplace and other −$12.1M (-13%).