Filing Flows › Atlassian (TEAM) › Q4 FY26 › vs Q4 FY25
Atlassian (TEAM) Q4 FY26 vs Q4 FY25 (year over year)
Atlassian's revenue rose $382M (+28%) from $1.4B in Q4 FY25 to $1.8B in Q4 FY26. Gross margin 86.5% against 83.1% (+3.4 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 Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 86.5% | 83.1% | +3.4 pts |
| Operating margin | 11.9% | -2.1% | +14.0 pts |
| Net margin | 7.9% | -1.7% | +9.6 pts |
| Free cash flow margin | 26.9% | 26.0% | +0.8 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.4B | $382M | +28% |
| Gross profit | $1.5B | $1.1B | $378M | +33% |
| Cost of revenue | $238M | $234M | $4.0M | +2% |
| Operating profit | $211M | −$28.5M | $239M | — |
| Operating expenses | $1.3B | $1.2B | $139M | +12% |
| Pre-tax earnings | $197M | −$14.2M | $211M | — |
| Other expense, net | $13.8M | −$14.3M | $28.1M | — |
| Research & development | $760M | $701M | $59.1M | +8% |
| Sales & marketing | $389M | $314M | $74.9M | +24% |
| General & admin | $168M | $163M | $4.9M | +3% |
| Net earnings | $139M | −$23.9M | $163M | — |
| Income tax | $57.8M | $9.7M | $48.1M | +496% |
| Depreciation & amortization | $39.4M | $23.2M | $16.2M | +70% |
| Share-based compensation | $394M | $351M | $44.0M | +13% |
| Working capital & other | $93.8M | −$25.5M | $119M | — |
| Operating cash flow | $479M | $375M | $104M | +28% |
| Free cash flow (OCF − capex) | $475M | $360M | $114M | +32% |
| Capital expenditures | $4.4M | $15.0M | −$10.5M | -70% |
Questions
How much did Atlassian's revenue grow year over year in Q4 FY26?
Atlassian's revenue rose $382M (+28%) from $1.4B in Q4 FY25 to $1.8B in Q4 FY26. Gross margin 86.5% against 83.1% (+3.4 pts).