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Atlassian Corporation PLC

TEAM Technology Software Application

Atlassian Corporation PLC’s revenue for fiscal 2026 (year ended June 2026) was $6.6 billion, up 26.0% from fiscal 2025. In the quarter to June 2026, revenue grew 27.6%, EPS grew 711.1%, free cash flow grew 31.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.

206.79 3.22 +1.58%
Market cap
$51.5B
P/E
0.0×
Fwd P/E
125×
Dividend yield
—
F-score
7/9
Altman Z
1.94
Beneish M
−2.90
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Atlassian Corporation PLC (TEAM) Business Profile

Updated before January 2025

Company Overview

Atlassian Corporation PLC (NASDAQ: TEAM) is a globally recognized enterprise software company that specializes in collaboration, development, and project management tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar in Sydney, Australia, Atlassian has grown into a multinational corporation with a strong presence in the technology sector. The company is headquartered in Sydney, Australia, with additional offices in the United States, Europe, and Asia.

Atlassian’s leadership team is spearheaded by its co-founders, who continue to serve as co-CEOs. Mike Cannon-Brookes and Scott Farquhar have been instrumental in shaping the company’s vision and driving its growth. Other key executives include James Beer, the Chief Financial Officer, and Cameron Deatsch, the Chief Revenue Officer. Atlassian went public in December 2015 and trades on the NASDAQ under the ticker symbol “TEAM.”

Core Business Segments

Atlassian offers a diverse range of software products and services designed to enhance team collaboration, streamline workflows, and improve productivity. The company’s core business segments include:

1. Collaboration and Productivity Tools

  • Jira Software: A leading tool for agile project management, widely used by software development teams to plan, track, and release projects.
  • Confluence: A collaborative workspace that allows teams to create, share, and manage content seamlessly.
  • Trello: A visual project management tool that uses boards, lists, and cards to organize tasks and workflows.

2. IT Service Management (ITSM)

  • Jira Service Management: A modern ITSM solution that helps IT teams deliver exceptional service experiences, manage incidents, and automate workflows.

3. DevOps and Software Development Tools

  • Bitbucket: A Git-based source code repository hosting service for developers to collaborate on code.
  • Bamboo: A continuous integration and deployment tool that supports DevOps practices.
  • Opsgenie: An incident management platform that ensures critical alerts are addressed promptly.

4. Enterprise Solutions

  • Atlassian Access: A security and identity management solution for enterprise customers.
  • Cloud and Data Center Offerings: Atlassian provides both cloud-based and on-premises solutions to cater to the needs of businesses of all sizes.

Business Model

Atlassian operates on a unique business model that emphasizes product-led growth. The company offers a freemium pricing strategy, allowing users to access basic features for free while charging for premium features and enterprise-level solutions. This approach has enabled Atlassian to attract a large user base and convert free users into paying customers over time.

Revenue generation primarily comes from:

  • Subscription Fees: Recurring revenue from cloud-based and on-premises software subscriptions.
  • Marketplace Apps: Atlassian’s marketplace offers third-party apps and integrations, generating additional revenue.
  • Enterprise Licensing: Licensing fees for large-scale deployments of Atlassian products.
  • Professional Services: Revenue from training, consulting, and support services.

Atlassian’s business model is highly scalable, with a focus on self-service and minimal reliance on a traditional sales force. This allows the company to maintain high margins and invest heavily in research and development.

Strategic Direction

Atlassian’s strategic direction is centered on innovation, growth, and sustainability. Key focus areas include:

  • Cloud Transition: Atlassian is accelerating its shift to cloud-based solutions, aiming to provide customers with scalable, secure, and flexible tools.
  • Expansion of ITSM Offerings: The company is investing in enhancing its ITSM capabilities to compete with established players in the space.
  • Sustainability Goals: Atlassian is committed to achieving net-zero carbon emissions and has implemented initiatives to reduce its environmental impact.
  • New Product Development: The company continues to explore opportunities in emerging technologies such as artificial intelligence (AI) and machine learning (ML) to enhance its product portfolio.
  • Global Market Expansion: Atlassian is focused on increasing its presence in underpenetrated markets, particularly in Asia and Europe.

Competitive Landscape

Atlassian operates in a highly competitive market, facing competition from both established players and emerging startups. Key competitors include:

  • Microsoft: Competes with Atlassian through its Teams and Azure DevOps offerings.
  • ServiceNow: A major competitor in the ITSM space.
  • Slack (owned by Salesforce): Competes with Atlassian’s collaboration tools like Confluence and Trello.
  • GitHub (owned by Microsoft): A direct competitor to Bitbucket in the source code management space.
  • Asana: Competes with Trello in the project management segment.

Despite the competition, Atlassian’s strong brand reputation, innovative products, and loyal customer base provide it with a competitive edge.

Risk Factors

Atlassian faces several risks that could impact its business operations and financial performance:

  • Market Dependence: Heavy reliance on a few core products like Jira and Confluence makes the company vulnerable to market saturation or declining demand.
  • Cloud Transition Challenges: The shift from on-premises to cloud-based solutions poses operational and financial risks.
  • Economic Uncertainty: Global economic downturns or geopolitical tensions could affect customer spending on software solutions.
  • Cybersecurity Threats: As a provider of cloud-based solutions, Atlassian is exposed to potential data breaches and cyberattacks.
  • Competition: Intense competition from larger players with more resources could impact Atlassian’s market share.

Recent Developments

  • AI Integration: Atlassian recently introduced AI-powered features across its product suite to enhance automation and improve user experience.
  • Cloud Growth: The company reported significant growth in its cloud revenue, driven by increased adoption of its cloud-based solutions.
  • Acquisitions: Atlassian acquired several smaller companies to bolster its capabilities in ITSM and DevOps.
  • Sustainability Initiatives: Atlassian launched new programs aimed at reducing its carbon footprint and promoting environmental sustainability.

Investment Considerations

Strengths:

  • Strong brand recognition and a loyal customer base.
  • Scalable business model with high margins.
  • Continuous innovation and a robust product portfolio.
  • Growing demand for cloud-based solutions.

Risks:

  • Dependence on a few core products.
  • Intense competition in the software industry.
  • Risks associated with the transition to cloud-based solutions.
  • Exposure to cybersecurity threats.

Conclusion

Atlassian Corporation PLC is a leader in the enterprise software space, offering innovative tools that empower teams to collaborate and achieve their goals. With a strong focus on cloud growth, sustainability, and product innovation, Atlassian is well-positioned for future growth. However, investors should carefully consider the risks associated with competition and market dependence before making investment decisions.