Filing Flows › Atlassian (TEAM) › Q4 FY26 › vs Q3 FY26
Atlassian (TEAM) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Atlassian's revenue fell $20.5M (-1%) from $1.8B in Q3 FY26 to $1.8B in Q4 FY26. The biggest changes: Subscription −$17.8M (-1%); Marketplace and other −$2.7M (-3%). Gross margin 86.5% against 85.3% (+1.2 pts).
Atlassian, Q4 FY26: revenue $1.8B (+28% year over year), operating margin 11.9%, net earnings $139M, operating cash flow $479M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 86.5% | 85.3% | +1.2 pts |
| Operating margin | 11.9% | -3.1% | +15.1 pts |
| Net margin | 7.9% | -5.5% | +13.4 pts |
| Free cash flow margin | 26.9% | 31.4% | -4.5 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Cloud | $1.2B | $1.1B | $81.0M | +7% |
| Data Center | $462M | $561M | −$98.8M | -18% |
| Subscription | $1.7B | $1.7B | −$17.8M | -1% |
| Marketplace and other | $91.1M | $93.8M | −$2.7M | -3% |
| Revenue | $1.8B | $1.8B | −$20.5M | -1% |
| Gross profit | $1.5B | $1.5B | $3.8M | +0.2% |
| Cost of revenue | $238M | $263M | −$24.3M | -9% |
| Operating profit | $211M | −$56.3M | $267M | — |
| Operating expenses | $1.3B | $1.6B | −$263M | -17% |
| Pre-tax earnings | $197M | −$62.8M | $260M | — |
| Other expense, net | $13.8M | $6.5M | $7.3M | +112% |
| Research & development | $760M | $927M | −$167M | -18% |
| Sales & marketing | $389M | $439M | −$49.7M | -11% |
| General & admin | $168M | $215M | −$46.3M | -22% |
| Net earnings | $139M | −$98.4M | $237M | — |
| Income tax | $57.8M | $35.6M | $22.3M | +63% |
| Depreciation & amortization | $39.4M | $41.3M | −$1.9M | -4% |
| Share-based compensation | $394M | $408M | −$13.9M | -3% |
| Working capital & other | $93.8M | −$216M | $310M | — |
| Operating cash flow | $479M | $567M | −$88.3M | -16% |
| Free cash flow (OCF − capex) | $475M | $561M | −$86.6M | -15% |
| Capital expenditures | $4.4M | $6.2M | −$1.8M | -28% |
Questions
How much did Atlassian's revenue grow quarter over quarter in Q4 FY26?
Atlassian's revenue fell $20.5M (-1%) from $1.8B in Q3 FY26 to $1.8B in Q4 FY26.
What drove Atlassian's revenue change in Q4 FY26?
Subscription −$17.8M (-1%); Marketplace and other −$2.7M (-3%).