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.
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Atlassian Corporation PLC (TEAM) Altman Z-score
Atlassian Corporation PLC's Altman Z-score for fiscal 2026 is 1.94, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.94 | (4.81) |
| FY2025 | 6.74 | 0.15 |
| FY2024 | 6.59 | (0.82) |
| FY2023 | 7.41 | (2.32) |
| FY2022 | 9.73 | (4.47) |
| FY2021 | 14.20 | 6.31 |
| FY2020 | 7.89 | 0.26 |
| FY2019 | 7.63 | 0.99 |
| FY2018 | 6.64 | (5.96) |
| FY2017 | 12.60 | 0.52 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.13) | — | −0.15 | |
| Retained earnings / total assets | (1.00) | — | −1.40 | |
| EBIT / total assets | 0.00 | — | 0.01 | |
| Market value of equity / total liabilities | 4.01 | — | 2.41 | |
| Sales / total assets | 1.08 | — | 1.08 | |
| Altman Z-score | Grey zone | 1.94 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −3.86 | ||
Z and Z″ put Atlassian Corporation PLC in different zones: grey zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CDNS Cadence Design Systems, Inc. compare | 13.2× |
| ADBE Adobe Inc. compare | 8.5× |
| INTU Intuit Inc. compare | 4.9× |
| ADSK Autodesk, Inc. compare | 4.2× |
| WDAY Workday, Inc. compare | 3.5× |
| ROP Roper Technologies, Inc. compare | 3.0× |
| PAYX Paychex, Inc. compare | 2.9× |
| TEAM Atlassian Corporation PLC | 1.9× |
| MSTR Strategy Inc compare | 1.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets