Atlassian Corp

Atlassian Corp

TEAMProductivity

Atlassian makes collaboration and productivity tools for software developers, project managers, and knowledge workers.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
7.5x
+4.7x
ARR
$7.1B
-1.1%
YoY Growth
27.6%
-4.1pp
Market Cap
$52.7B
+167.4%
Revenue (Q)
$1.8B
-1.1%
Gross Margin
86.5%
+1.2pp
Op. Margin
11.9%
+15.1pp
Rule of 40
39.5
+9.3
Magic Number
-0.19
-2.32

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jun 2026 quarter-end (2.8x).

Valuation by quarter

Current ARR Multiple: 2.8x· Forward at Q1 FY2027 guidance: 2.9x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

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AI Replacement RiskMODERATE
23/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
Workflow automationCategory baseline
mid base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration2/5
+1.6 risk

Company overview

Atlassian makes collaboration and productivity tools for software developers, project managers, and knowledge workers. Mike Cannon-Brookes and Scott Farquhar founded it in 2002 in Sydney, Australia. It has grown into one of the most influential developer tools companies in the world, serving over 300,000 customers with a unique low-touch, high-efficiency sales model.

The core products tell the story. Jira handles project tracking and agile development. It's the standard tool for engineering teams planning sprints, tracking issues, and managing releases. Confluence is the organizational wiki for documentation and knowledge sharing. Jira Service Management covers IT service management and help desk. Bitbucket hosts Git repositories and CI/CD. Trello provides visual project management. Loom handles asynchronous video messaging.

Atlassian Cloud is the cloud-hosted platform and main growth engine. As customers migrate from legacy Server and Data Center installations, the company unlocks recurring subscription revenue, faster feature delivery, and lower customer infrastructure costs. Premium and Enterprise tiers offer analytics, sandbox environments, org-wide admin controls, and data residency.

The go-to-market model is famously efficient. There's no traditional outbound enterprise sales force. Instead, customers buy through self-service online purchases, word-of-mouth adoption spreads the products, and a vibrant ecosystem of over 6,000 Marketplace apps pulls users in. Solution partners handle larger deployments. The result is consistently high gross margins around 83% and improving operating margins.

Revenue is subscription-based, with cloud subscriptions growing over 30% annually and making up an increasing share of total revenue. Annual revenue is roughly $6.6 billion. Marketplace fees and Data Center licenses supplement cloud subscriptions during the migration.

Atlassian Intelligence, powered by Rovo, brings AI to the platform. It provides AI-powered search across connected tools, virtual agents for service management, natural language query conversion, AI summaries for Confluence pages, and automated work suggestions. Rovo agents can execute multi-step workflows across products, automating routine project management tasks.

Key acquisitions include Trello at $425 million and Loom at $975 million, plus many smaller purchases. With about 12,000 employees and a strong engineering culture, Atlassian remains the backbone of software development at companies from startups to Fortune 500 enterprises.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearJun 30
Phone(415) 701-1110
Address350 BUSH STREET, FLOOR 13, SAN FRANCISCO, CA, 94104
Mailing address350 BUSH STREET, FLOOR 13, SAN FRANCISCO, CA, 94104
EIN88-3940934
Entity typeoperating
SEC industry framework06 Technology
Former namesAtlassian Corp Plc (to 2022-08-24)

SaaS KPIs

Reported in at least 3 quarters

Total customers

15 quarters
350,000+
Q4 FY2026+0.0%

Non-GAAP Operating Margin

14 quarters
36%
Q4 FY2026+2.0pp

Free Cash Flow Margin

13 quarters
27%
Q4 FY2026-4.0pp

Free Cash Flow

12 quarters
$475.0M
Q4 FY2026-15.3%

Customers with >$10,000 in Cloud ARR

6 quarters
57,334
Q4 FY2026+2.5%

Non-GAAP Gross Margin

6 quarters
89%
Q4 FY2026+1.0pp

Management outlook

Given with Q4 FY2026 results (Jun 2026)
ReportedGuidance

Guided revenue, Q1 FY2027$1.705B – $1.715B
Midpoint$1.71B
Growth vs Q4 FY2026-3.2%
Growth vs Q1 FY2026+19.4%
Q1 FY27
Cloud revenue growth year-over-yearapproximately 28.5%
Data Center revenue growth year-over-yeardecline approximately (4.0%)
Marketplace and other revenue growth year-over-yearapproximately 12.5%
Gross margin (GAAP)approximately 85.0%
Gross margin (non-GAAP)approximately 87.0%
Operating margin (GAAP)approximately 6.5%
Operating margin (non-GAAP)approximately 28.5%
FY27
Subscription ARR growth year-over-yearapproximately 18.0%
Total revenue growth year-over-yearapproximately 13.0%
Cloud revenue growth year-over-yearapproximately 25.5%
Data Center revenue growth year-over-yeardecline approximately (17.0%)
Marketplace and other revenue growth year-over-yearapproximately 12.0%
Gross margin (GAAP)approximately 84.5%
Gross margin (non-GAAP)approximately 86.5%
Operating margin (GAAP)approximately 4.5%
Operating margin (non-GAAP)approximately 25.0%
Net diluted share countremain, at a minimum, relatively flat in FY27 versus FY26
FY28
Total revenue growthre-accelerate in FY28

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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