# Atlassian earned $10.4m from operations on $6,572.3m of revenue — stock compensation was $1,606.6m

![Atlassian earned $10.4m from operations on $6,572.3m of revenue — stock compensation was $1,606.6m](https://aiswingx.com/static/covers/team-fy2026_cover.jpg?v=1790190425)

**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**

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.

- 종목: TEAM (Atlassian Corporation)
- 분기: FY26 · 10-K
- 작성: 2026-09-23 19:07 UTC
- 원문: https://aiswingx.com/p/team-fy2026

## 숫자 하나
Fiscal 2026 revenue $6,572.3m, operating income $10.4m (0.16% margin), share-based compensation $1,606.6m (155 times operating income), buybacks $1,800.5m.

## 비유 하나
(구독자 전용)

## 출처 하나
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.

## 다음 분기에 볼 것
(구독자 전용)

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## 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.

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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. Why is there almost no profit when revenue grew?**

Costs grew alongside it. The research and development and share-based compensation figures are set out in the subscriber section.

**Q. Does share-based compensation cost cash?**

No. No cash leaves, but it is deducted on the income statement and the share count rises instead.

**Q. 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.

**Q. Is the company loss-making?**

Net income for fiscal 2026 is negative; the figure is in the subscriber section. Cash from operations is positive.

**Q. 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.