Q4 26 EPS Adjusted
$1.87
BEAT +24.53%
Est. $1.50
Q4 26 Revenue
$1.77B
BEAT +6.25%
Est. $1.66B
Full Year 2026 Results
FY 26 EPS
$5.85
FY 26 Revenue
$6.57B
Market Reaction
Did TEAM Beat Earnings? Q4 2026 Results
Atlassian Corp delivered a strong finish to fiscal 2026, reporting Q4 revenue of $1.77 billion, up 27.6% year-over-year, while adjusted non-GAAP EPS of $1.87 marked the company's fifth consecutive quarter of beating consensus estimates. The primary e… Read more Atlassian Corp delivered a strong finish to fiscal 2026, reporting Q4 revenue of $1.77 billion, up 27.6% year-over-year, while adjusted non-GAAP EPS of $1.87 marked the company's fifth consecutive quarter of beating consensus estimates. The primary engine behind the quarter's momentum was Cloud revenue, which accelerated to 31% growth, complemented by a meaningful improvement in profitability as non-GAAP operating margin expanded to 36% from 24% a year earlier, reflecting infrastructure optimization and improved operating leverage following a restructuring earlier in the year. Atlassian's AI push also gained measurable traction, with Rovo now deployed across more than 80% of Fortune 500 companies and Rovo adopters growing ARR at twice the rate of non-adopters. Looking ahead, management guided full-year FY27 total revenue growth of approximately 13%, a deliberate deceleration as Data Center revenue is expected to decline roughly 17% while lapping pull-forward demand tied to a September 2025 end-of-life announcement, with Cloud growth of approximately 25.5% expected to carry the business forward until growth re-accelerates in FY28.
Key Takeaways
- • Cloud revenue growth accelerated to 31% y/y, fueled by strong seat expansion in core Jira and Confluence and cross-sell momentum with Service Collection and Teamwork Collection
- • Data Center revenue grew 21% y/y driven by greater upfront term license revenue recognition following DC EOL announcement and strong customer retention
- • Record quarter for $1M+, $3M+, and $5M+ ACV enterprise deals
- • Rovo adoption driving platform engagement with over 80% of Fortune 500 companies using Rovo
- • Operational discipline with GAAP operating margin improvement of 14 ppts y/y and non-GAAP operating margin improvement of 12 ppts y/y
- • Gross margin expansion driven by infrastructure optimization and customer support efficiency
TEAM Forward Guidance & Outlook
For Q1 FY27, Atlassian expects total revenue of $1,705-$1,715 million, Cloud revenue growth of approximately 28.5% y/y, Data Center revenue decline of approximately (4.0%) y/y, Marketplace and other revenue growth of approximately 12.5%, GAAP gross margin of approximately 85.0%, non-GAAP gross margin of approximately 87.0%, GAAP operating margin of approximately 6.5%, and non-GAAP operating margin of approximately 28.5%. For full-year FY27, the company expects Subscription ARR growth of approximately 18.0% y/y, total revenue growth of approximately 13.0% y/y, Cloud revenue growth of approximately 25.5%, Data Center revenue decline of approximately (17.0%), Marketplace and other revenue growth of approximately 12.0%, GAAP gross margin of approximately 84.5%, non-GAAP gross margin of approximately 86.5%, GAAP operating margin of approximately 4.5%, and non-GAAP operating margin of approximately 25.0%. Management expects total revenue growth to re-accelerate in FY28 as it laps Data Center end-of-life timing effects. The company expects net diluted share count to remain at a minimum relatively flat in FY27 versus FY26.
TEAM YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
TEAM Revenue by Segment
With YoY comparisons, source: SEC Filings
TEAM Revenue by Geography
Regional revenue distribution
“Q4 closes out a year that proves our long-term strategy is paying off. Total revenue grew 28% year-over-year to $1.8 billion, Cloud revenue growth accelerated to 31% year-over-year, and our MCP server and Teamwork Graph CLI surpassed one million monthly active users, more than doubling in a single quarter.”
— Mike Cannon-Brookes, Q4 2026 Earnings Press Release
TEAM Earnings Trends
TEAM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TEAM EPS Trend
Earnings per share: estimate vs actual
TEAM Revenue Trend
Quarterly revenue: estimate vs actual
TEAM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.50 | $1.87 | +24.53% | $1.77B | +6.25% |
| FY Full Year | — | $5.85 | — | $6.57B | — |
| Q3 26 BEAT | $1.34 | $1.75 | +30.99% | $1.79B | +5.24% |
| Q2 26 BEAT | $1.14 | $1.22 | +6.62% | $1.59B | +2.74% |
| Q1 26 BEAT | $0.84 | $1.04 | +24.13% | $1.43B | +2.18% |
| Q4 25 BEAT FY | $0.86 | $0.98 | +14.62% | $1.38B | +2.04% |
| FY Full Year | $3.56 | $3.68 | +3.37% | $5.22B | +0.25% |
| Q3 25 BEAT | $0.93 | $0.97 | +4.85% | $1.36B | +0.28% |