# Atlassian Corporation (TEAM)

> Source: Nexqual · https://nexqual.com/TEAM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Atlassian Corporation (TEAM), nexqual.com/TEAM" · informational, not investment advice.

**Price:** USD 223.16 (-1.04% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 225.51 · day 222.19–229.96 · 52w 56.01–229.96 · market cap $56.5B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.57B, net income -$53.8M (-0.8% margin), free cash flow $1.32B (SEC filings).
- Insider open-market sales, last ~7 months: 14 Form 4 filings, $6.3M; 8 not under a Rule 10b5-1 plan ($4.7M); 0 by opportunistic insiders, 6 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +35.2% vs S&P 500 +14.9%; 5Y -47.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.43, revenue estimate $1.71B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.80B | $3.53B | $4.36B | $5.22B | $6.57B | $6.57B |
| Gross profit | $2.35B | $2.90B | $3.56B | $4.32B | $5.58B | — |
| Operating income | $70.1M | -$345M | -$117M | -$130M | $10.4M | $10.4M |
| Net income | -$520M | -$487M | -$301M | -$257M | -$53.8M | -$53.8M |
| EPS (diluted) | -$2.05 | -$1.90 | -$1.16 | -$0.98 | -$0.21 | — |
| Free cash flow | $750M | $842M | $1.42B | $1.42B | $1.32B | $1.32B |
| Gross margin | 83.8% | 82.1% | 81.6% | 82.8% | 84.8% | — |
| Operating margin | 2.5% | -9.8% | -2.7% | -2.5% | 0.2% | 0.2% |
| Net margin | -18.5% | -13.8% | -6.9% | -4.9% | -0.8% | -0.8% |
| Revenue growth | +34.2% | +26.1% | +23.3% | +19.7% | +26.0% | — |
| Cash + short-term investments | $1.46B | $2.11B | $2.34B | $2.94B | $1.24B | — |
| Total debt | $999M | $1000M | $986M | $988M | $990M | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 8.6x · EV/EBITDA 372.4x · EV/Sales 8.6x · P/FCF 42.8x · P/B 53.4x · FCF yield 2.34% · Earnings yield -0.10% · Buyback yield (TTM) 3.19% · Net cash $250M · EV $56.2B

## Insider sales (SEC Form 4, open-market, last ~7 months)
6 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Liu Gene | Chief Accounting Officer | 337 | $71K | 0.6% | Yes (adopted December 5, 2025) | Routine (sold in Feb & May & Aug & Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-28 | Liu Gene | Chief Accounting Officer | 939 | $178K | 1.6% | Yes (adopted December 5, 2025) | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-08-19 | Chuong James | Chief Financial Officer | 9,054 | $1.6M | 3.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-19 | Duffy Brian | Chief Revenue Officer | 1,851 | $319K | 0.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-19 | Liu Gene | Chief Accounting Officer | 1,125 | $197K | 1.9% | Yes (adopted December 5, 2025) | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-08-14 | Duffy Brian | Chief Revenue Officer | 7,617 | $1.2M | 3.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-13…2026-08-14 | Liu Gene | Chief Accounting Officer | 1,552 | $254K | 2.6% | Yes (adopted December 5, 2025) | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-06-10…2026-06-12 | Duffy Brian | Chief Revenue Officer | 6,245 | $565K | 2.6% | Yes (adopted March 6, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-08…2026-06-09 | Duffy Brian | Chief Revenue Officer | 2,905 | $281K | 1.2% | Yes (adopted March 6, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-19 | Chuong James | Chief Financial Officer | 8,838 | $776K | 3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-19 | Liu Gene | Chief Accounting Officer | 67 | $6K | 0.1% | No | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
| 2026-05-19 | Duffy Brian | Chief Revenue Officer | 1,986 | $174K | 0.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-14 | Duffy Brian | Chief Revenue Officer | 7,017 | $567K | 2.9% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-14 | Liu Gene | Chief Accounting Officer | 803 | $65K | 1.3% | No | Routine (sold in Feb & May & Aug & Nov each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Oppenheimer | Target raised | Outperform | $200 → $275 |
| 2026-10-21 | Truist Securities | Target raised | Buy | $185 → $250 |
| 2026-10-20 | Citigroup | Target raised | Buy | $225 → $245 |
| 2026-10-20 | BTIG | Target raised | Buy | $230 → $260 |
| 2026-10-19 | Guggenheim | Target raised | Buy | $165 → $280 |
| 2026-10-19 | Keybanc | Target raised | Overweight | $185 → $235 |
| 2026-10-15 | Mizuho | Target raised | Outperform | $215 → $235 |
| 2026-10-14 | Wells Fargo | Target raised | Overweight | $180 → $230 |
| 2026-10-13 | Barclays | Target raised | Overweight | $172 → $222 |
| 2026-10-12 | RBC Capital | Target raised | Outperform | $215 → $235 |
| 2026-09-28 | Baird | Target raised | Outperform | $200 → $245 |
| 2026-09-21 | Cantor Fitzgerald | Target raised | Overweight | $175 → $220 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +35.2% | -47.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +35.4% | -12.0% |
| Volatility (annualized) | 74.9% | 63.8% |
| Max drawdown | -67.5% (Nov 2025→Apr 2026) | -87.5% (Oct 2021→Apr 2026) |

## Peers (Software - Application)
ADSK (Autodesk, Inc.) USD 254.95 +4.13% · MSTR (Strategy Inc) USD 145.8 -5.00% · WDAY (Workday, Inc.) USD 209.99 +3.46% · ROP (Roper Technologies, Inc.) USD 436.23 +9.73% · PAYX (Paychex, Inc.) USD 118.81 +5.61% · CDNS (Cadence Design Systems, Inc.) USD 309.65 -5.04%

## More
Full page: https://nexqual.com/TEAM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TEAM's own 10-K filed 2026-08-14 (https://www.sec.gov/Archives/edgar/data/1650372/000165037226000036/team-20260630.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "Additionally, we depend on services from various third parties, including cloud computing platform providers (such as Amazon Web Services) and other hardware and software providers, as well as general internet availabili…" |
| Customer | Microsoft (MSFT) | "•Open and Extensible with a Vast Ecosystem - We are dedicated to making our apps open and interoperable with a wide range of other platforms and applications that customers use, such as Microsoft, Zoom, Anthropic, Cursor…" |
| Customer | Anthropic | "•Open and Extensible with a Vast Ecosystem - We are dedicated to making our apps open and interoperable with a wide range of other platforms and applications that customers use, such as Microsoft, Zoom, Anthropic, Cursor…" |
| Customer | OpenAI | "•Open and Extensible with a Vast Ecosystem - We are dedicated to making our apps open and interoperable with a wide range of other platforms and applications that customers use, such as Microsoft, Zoom, Anthropic, Cursor…" |
| Customer | Salesforce (CRM) | "•Open and Extensible with a Vast Ecosystem - We are dedicated to making our apps open and interoperable with a wide range of other platforms and applications that customers use, such as Microsoft, Zoom, Anthropic, Cursor…" |
| Customer | General | "In the European Economic Area ("EEA") and the UK, data privacy laws and regulations, such as the European Union General Data Protection Regulation ("EU GDPR") and United Kingdom General Data Protection Regulation and Dat…" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Subscription | $1.68B | 95.2% | +28.1% |
| Cloud | $1.21B | 68.7% | +30.8% |
| Data Center | $461.9M | 26.2% | +21.3% |
| Marketplace and other | $91.1M | 5.2% | +20.1% |
| Other | $85.3M | 4.8% | +18.8% |
| Total revenue | $1.77B | 100% | — |
The lines above cover 200% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $875.6M | 49.6% | +29.5% |
| — United States (part of Americas) | $767.7M | 43.5% | +30.4% |
| — Other Americas (part of Americas) | $107.9M | 6.1% | +23.9% |
| EMEA | $699.8M | 39.6% | +25.5% |
| — Other EMEA (part of EMEA) | $528.3M | 29.9% | +26.3% |
| — Germany (part of EMEA) | $171.5M | 9.7% | +23.1% |
| Asia Pacific | $191.1M | 10.8% | +26.7% |
| Total revenue | $1.77B | 100% | — |

## Company outlook (8-K filed 2026-08-06)

- "(2) We utilize a fixed long-term projected non-GAAP tax rate in our computation of the non-GAAP income tax adjustments in order to provide better consistency across interim reporting periods."
- "For fiscal years 2026 and 2025, we determined the projected non-GAAP tax rate to be 24% and 26%, respectively."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.43 | $1.27 | +12.0% | $1.71B | 29 |
| Next quarter (ends 2026-12-31) | $0.14 | $0.05 | +191.7% | $1.82B | 7 |
| Current fiscal year (ends 2027-06-30) | $5.44 | $6.12 | -11.1% | $7.47B | 31 |
| Next fiscal year (ends 2028-06-30) | $2.19 | $1.23 | +78.4% | $8.58B | 8 |