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Atlassian (TEAM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 1, 2026
Atlassian (TEAM) reported revenue of $1.8B for the third quarter fiscal 2026 (Q3 FY26), +32% from a year earlier and +13% from the quarter before. Operating margin was -3.1%, net loss $98.4M (5.5% of revenue).
Atlassian, Q3 FY26: revenue $1.8B (+32% year over year), operating margin -3.1%, net loss $98.4M, operating cash flow $567M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +13% | +32% |
| Operating profit | −$56.3M | — | — |
| Net earnings | −$98.4M | — | — |
| Operating cash flow | $567M | +219% | -13% |
| Free cash flow | $561M | +233% | -12% |
What changed
Revenue was $1.8B in Q3 FY26, up 32% year over year and up 13% from the previous quarter. Cloud was the largest line at 63% of revenue. Cloud added $0.25B year over year (up 29%), 59% of the total change.
Gross margin was 85.3%, up 1.5 points from Q3 FY25. Operating costs exceeded revenue by $0.06B, an operating margin of -3.1%. Operating expenses grew 37% against revenue growth of 32%. The fastest-growing cost line was Sales & marketing (+48%). The quarter ended with a net loss of $0.10B, wider than the previous quarter's $0.04B loss.
Operating cash flow was $0.57B (down 13% year over year). Non-cash charges added back $0.04B of depreciation and amortization and $0.41B of share-based compensation. Working capital and other items added $0.22B. Capital expenditures of $0.01B left free cash flow of $0.56B.
Questions
What was Atlassian's revenue in the third quarter fiscal 2026?
Atlassian (TEAM) reported revenue of $1.8B for the third quarter fiscal 2026 (Q3 FY26), +32% from a year earlier and +13% from the quarter before.
Was Atlassian profitable in the third quarter fiscal 2026?
Operating loss was $56.3M (-3.1% of revenue) and net loss $98.4M.
Source: Atlassian 10-Q on SEC EDGAR.