Atlassian earned $10.4m from operations on $6,572.3m of revenue — stock compensation was $1,606.6m
FY2026 10-K: revenue grew 26% past $6.5bn and operating income came to $10.4m, a margin of 0.16%. Share-based compensation for the year was 155 times that, and the company spent $1.80bn buying back stock — more than its operations produced
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Published
Atlassian Corporation Form 10-K (fiscal 2026, ended 2026-06-30, accession 0001650372-26-000036): consolidated statements of operations, cash flows and balance sheet; share-based compensation note; capital structure note (Class B voting power). Annual figures cross-checked against SEC XBRL Company Facts.
aiSwingX™ analyzes US filings and reports them as news investors can read.
Revenue in the annual report Atlassian (TEAM) filed for fiscal 2026 is $6,572.3m, up 26% from $5,215.3m. Operating income for the same year is $10.4m — 0.16% of revenue, and one hundred and fifty-fifth of the $1,606.6m recorded as share-based compensation.
In plain terms
Atlassian makes the collaboration software that software and business teams work in. Revenue grew 26% past $6.5bn last year, and after every cost what was left from operations was $10.4m — about sixteen cents on every hundred dollars of sales. Over the same year the company paid staff more than $1.6bn in stock.
What happened
Atlassian (TEAM) makes the collaboration software known through Jira and Confluence. Its fiscal year ends in late June.
The top and the bottom of its fiscal 2026 statement of operations are not the same order of size.
Line
FY2025
FY2026
Revenue
$5,215.3m
$6,572.3m (+26.0%)
Gross profit
$4,320.5m
$5,575.5m (84.8% margin)
Operating income
$(130.4)m
$10.4m
Net income
$(256.7)m
$(53.8)m
It did cross from operating loss into operating profit. The profit is $10.4m — 0.16% of $6,572.3m of revenue, about sixteen cents on every hundred dollars of sales. Net income is still negative.
One line in the same year's cash flow statement sets the scale.
Share-based compensation, $1,606.6m. That is 155 times operating income.
How to read 155 timesSubscribers
It bought back more than the business madeSubscribers
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Costs grew alongside it. The research and development and share-based compensation figures are set out in the subscriber section.
Does share-based compensation cost cash?
No. No cash leaves, but it is deducted on the income statement and the share count rises instead.
Is it connected to the buybacks?
The 10-K does not connect the two. This article sets the year's two amounts side by side and leaves it there.
Is the company loss-making?
Net income for fiscal 2026 is negative; the figure is in the subscriber section. Cash from operations is positive.
Where can I check this myself?
On SEC EDGAR, open Atlassian Corporation's fiscal 2026 Form 10-K (accession 0001650372-26-000036) and read the statements of operations and cash flows.
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Atlassian Corporation Form 10-K (fiscal 2026, ended 2026-06-30, accession 0001650372-26-000036): consolidated statements of operations, cash flows and balance sheet; share-based compensation note; capital structure note (Class B voting power). Annual figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer
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aiSwingX™ analyzes US filings and reports them as news investors can read.
