Atlassian Revenue: $6.57 Billion in FY2026, and the Ladder That Got It There

Atlassian revenue for fiscal year 2026 was $6,572 million, up 26% from $5,215 million in fiscal 2025, per the earnings release the company filed with the SEC on August 6, 2026. Atlassian's fiscal years end June 30, so that figure covers July 2025 through June 2026. In the same release the company reported subscription ARR of $6.6 billion (up 23% year over year), Q4 revenue of $1,766 million (up 28%), and — a milestone for a company that ran GAAP losses for years — a 12% GAAP operating margin in the quarter.

Atlassian (NASDAQ: TEAM) is public, so unlike most companies in the GetLatka database, its revenue is not an interview claim — it's audited. This piece works from the filings, plus one primary source of our own: a Latka podcast tape with Jay Simons, Atlassian's longtime president, recorded when the company was roughly a $1 billion run-rate business.

Atlassian revenue by fiscal year

Every row below is a fiscal year ending June 30, taken from Atlassian's quarterly and annual filings (aggregated at stockanalysis.com; FY2025 and FY2026 straight from the earnings releases).

Fiscal 2026 growth re-accelerated after three years of deceleration — cloud revenue grew 31% in Q4 FY2026, and remaining performance obligations grew 44% to $4.8 billion, per the August 2026 release.

Corrections: what the previous version of this page got wrong

An earlier version of this article failed our own audit, and the honest thing is to say how. Its revenue answer read "Atlassian's Revenue? Stripe reached a revenue of $4.4B in 2024" — a different company's name pasted into the answer line, which also served as the page's search snippet. It credited Atlassian with saving "$400 million in three years by building its own data centers," which is Ahrefs' disclosed stat, not Atlassian's — Atlassian is famous for the opposite move, migrating onto AWS. And it cited a fintech startup cutting time-to-market 30% with Trello and an agency lifting client satisfaction 50%, with no source; we could not verify either, so both are gone. Its revenue table also mixed calendar-year labels with fiscal-year figures. The table above uses fiscal years only.

One more reconciliation, against our own database: the GetLatka Atlassian company page lists $4.4B revenue for 2024 — that's fiscal 2024 (ended June 2024, $4,359M in the filing), two fiscal years behind the current figure. The page also dates the Simons interview to September 2020 and labels him CEO. The tape itself contradicts both: Simons places the conversation "about a year and a half" after the January 2017 Trello acquisition — mid-2018 — and he was president, never CEO. His "just shy of $250 million" quarterly figure matches Atlassian's quarter ended June 2018, not any 2020 quarter (by September 2020 quarterly revenue was well past $400M). We're treating the tape's internal evidence as authoritative: 2018.

What Jay Simons told Latka in 2018

Simons joined Atlassian in 2008 to run sales and marketing and was its president by the time of the interview. Two of his numbers frame the whole growth story: "when I joined, we were just a little over $20 million in annual revenue," and, asked for the latest figure, "our last quarterly revenue was just shy of $250,000,000" — a run rate near $1 billion. That's roughly 50x in a decade, which he described not as hypergrowth but as a flywheel: "we've pretty consistently as a company grown somewhere between 35 and 50 percent over the last decade. Really steady, durable growth." The filings bear him out — the table above never dips below 20% in the eight years since.

The mechanism he described was the deliberate removal of human touch from a low-ACV sale (average selling price around $1,800 a year when he joined). Instead of demos, Atlassian recorded the best demo it could give and pointed everyone to it. Instead of answering RFPs, it published a searchable library of every RFP answer it had ever written and told prospects to copy and paste — accepting that some enterprise deals would walk. "We're basically just not structured to do that at scale," Simons said. "We're trying to win thousands and thousands and thousands of customers."

"One thing that we've shared publicly is retention at a logo level for companies that spend $50 or more with us is 98%... Revenue retention is gonna be north of 100%." — Jay Simons, president of Atlassian, told Latka in 2018

That retention, he argued, comes from Jira and Confluence becoming systems of record — and from a viral loop where one team invites the next. His parting line: "the model is the business." Simons also confirmed the famous capital structure on the tape: Atlassian took no primary capital for thirteen years, ran two secondary rounds (Accel in 2010, T. Rowe Price in 2013) to give employees liquidity, and raised primary money for the first time at its December 2015 IPO. The founding lore — Mike Cannon-Brookes and Scott Farquhar starting in Sydney in 2002 on about $10,000 of credit-card debt, with an $800 Jira order arriving unsolicited by fax from American Airlines — comes from the founders' own retellings over the years, including Atlassian's anniversary material, and is consistent with what Simons described.

Who runs Atlassian now, and what it's worth

Atlassian was co-founded and co-led by Cannon-Brookes and Farquhar for over two decades. On April 25, 2024, alongside Q3 FY2024 results, the company announced Farquhar would step down as co-CEO effective August 31, 2024, staying on the board and as a special advisor. Mike Cannon-Brookes has been sole CEO since. Simons himself left Atlassian in 2020.

On valuation: the previous version of this article was headlined "$71 billion empire." TEAM did trade around that market cap in stretches of 2024 and early 2025, but the stock has fallen since — market cap was roughly $41 billion in mid-August 2026, per Macrotrends. Our own database shows a $41.6B valuation, which happens to land near today's number despite carrying a 2020 label. If you're reading this later, check the ticker; the revenue table dates itself, the market cap doesn't.

Where the revenue comes from

Atlassian's portfolio spans Jira (project tracking, the original bug tracker), Confluence (documentation), and acquired products — Trello, bought for about $425 million in January 2017, and Loom, its largest deal at $975 million, completed in November 2023. Acquisitions are old muscle here: Simons noted on the 2018 tape that Trello was the eighteenth acquisition in the company's first fifteen years. The customer base passed 300,000 cloud customers by April 2024, per the company's Q3 FY2024 reporting, and the business is now cloud-majority: Q4 FY2026 cloud revenue was $1,213 million of the $1,766 million total.