Filing Flows › Atlassian (TEAM) › Q1 FY27
Atlassian (TEAM) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
Atlassian (TEAM) reported revenue of $1.8B for the first quarter fiscal 2027 (Q1 FY27), +24% from a year earlier and +0.3% from the quarter before. Operating margin was 10.7%, net earnings $90.7M (5.1% of revenue).
Atlassian, Q1 FY27: revenue $1.8B (+24% year over year), operating margin 10.7%, net earnings $90.7M, operating cash flow $469M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +0.3% | +24% |
| Gross profit | $1.5B | -1% | +29% |
| Operating profit | $189M | -10% | — |
| Net earnings | $90.7M | -35% | — |
| Operating cash flow | $469M | -2% | +264% |
| Free cash flow | $463M | -3% | +304% |
What changed
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.
Questions
What was Atlassian's revenue in the first quarter fiscal 2027?
Atlassian (TEAM) reported revenue of $1.8B for the first quarter fiscal 2027 (Q1 FY27), +24% from a year earlier and +0.3% from the quarter before.
Was Atlassian profitable in the first quarter fiscal 2027?
Operating profit was $189M (10.7% of revenue) and net earnings $90.7M.
Source: Atlassian 10-Q on SEC EDGAR.