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Atlassian (TEAM)

Market Price (5/17/2026): $87.44 | Market Cap: $22.8 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Atlassian (TEAM)

Market Price (5/17/2026): $87.44
Market Cap: $22.8 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50%

Attractive yield
FCF Yield is 5.3%

Stock buyback support
Stock Buyback 3Y Total is 2.7 Bil

Megatrend and thematic drivers
Megatrends include Cloud Computing, Automation & Robotics, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more.

Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -115%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -229 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.2%

Key risks
TEAM key risks include [1] intense competition from major enterprise software players targeting its core markets and [2] specific cloud service reliability failures, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50%
2 Attractive yield
FCF Yield is 5.3%
3 Stock buyback support
Stock Buyback 3Y Total is 2.7 Bil
4 Megatrend and thematic drivers
Megatrends include Cloud Computing, Automation & Robotics, and Artificial Intelligence. Themes include Software as a Service (SaaS), Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -93%, 3Y Excs Rtn is -115%
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -229 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 25%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.2%
9 Key risks
TEAM key risks include [1] intense competition from major enterprise software players targeting its core markets and [2] specific cloud service reliability failures, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Atlassian (TEAM) stock has lost about 25% since 1/31/2026 because of the following key factors:

1. Free Cash Flow "Collapse" in Q2 FY2026.

Atlassian's second quarter fiscal year 2026 results, reported on February 5, 2026, revealed a significant 51% year-over-year collapse in free cash flow (FCF) to $169 million, with an 11% margin. This decline was attributed to collection timing and billing transition effects, raising investor concerns despite the company's strong revenue growth.

2. Increased GAAP Operating Losses and Significant Restructuring Charges.

In its third quarter fiscal year 2026 earnings, reported on April 30, 2026, Atlassian posted a GAAP operating loss of $56.3 million, a considerable increase from the $12.5 million loss in the prior-year quarter. This was primarily driven by $223.1 million in restructuring charges related to workforce rebalancing and lease consolidation, which negatively impacted reported profitability.

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Stock Movement Drivers

Fundamental Drivers

The -26.0% change in TEAM stock from 1/31/2026 to 5/16/2026 was primarily driven by a -35.2% change in the company's P/S Multiple.
(LTM values as of)13120265162026Change
Stock Price ($)118.1887.46-26.0%
Change Contribution By: 
Total Revenues ($ Mil)5,4606,19013.4%
P/S Multiple5.73.7-35.2%
Shares Outstanding (Mil)2632610.8%
Cumulative Contribution-26.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/16/2026
ReturnCorrelation
TEAM-26.0% 
Market (SPY)7.1%4.4%
Sector (XLK)22.7%14.3%

Fundamental Drivers

The -48.4% change in TEAM stock from 10/31/2025 to 5/16/2026 was primarily driven by a -54.8% change in the company's P/S Multiple.
(LTM values as of)103120255162026Change
Stock Price ($)169.4287.46-48.4%
Change Contribution By: 
Total Revenues ($ Mil)5,4606,19013.4%
P/S Multiple8.23.7-54.8%
Shares Outstanding (Mil)2632610.8%
Cumulative Contribution-48.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/16/2026
ReturnCorrelation
TEAM-48.4% 
Market (SPY)9.0%10.5%
Sector (XLK)17.6%19.9%

Fundamental Drivers

The -61.7% change in TEAM stock from 4/30/2025 to 5/16/2026 was primarily driven by a -70.3% change in the company's P/S Multiple.
(LTM values as of)43020255162026Change
Stock Price ($)228.3187.46-61.7%
Change Contribution By: 
Total Revenues ($ Mil)4,7956,19029.1%
P/S Multiple12.43.7-70.3%
Shares Outstanding (Mil)2612610.1%
Cumulative Contribution-61.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/16/2026
ReturnCorrelation
TEAM-61.7% 
Market (SPY)34.8%15.8%
Sector (XLK)68.8%20.1%

Fundamental Drivers

The -40.8% change in TEAM stock from 4/30/2023 to 5/16/2026 was primarily driven by a -69.0% change in the company's P/S Multiple.
(LTM values as of)43020235162026Change
Stock Price ($)147.6687.46-40.8%
Change Contribution By: 
Total Revenues ($ Mil)3,1806,19094.6%
P/S Multiple11.93.7-69.0%
Shares Outstanding (Mil)256261-2.0%
Cumulative Contribution-40.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/16/2026
ReturnCorrelation
TEAM-40.8% 
Market (SPY)84.7%36.6%
Sector (XLK)138.6%36.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TEAM Return63%-66%85%2%-33%-50%-65%
Peers Return44%-49%63%17%-20%-38%-30%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
TEAM Win Rate67%25%67%33%33%40% 
Peers Win Rate57%27%57%62%38%20% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
TEAM Max Drawdown-25%-69%-31%-47%-55%-65% 
Peers Max Drawdown-27%-56%-27%-32%-39%-44% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NOW, MSFT, ASAN, GTLB, CRM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/15/2026 (YTD)

How Low Can It Go

EventTEAMS&P 500
2024 Yen Carry Trade Unwind
  % Loss-21.2%-7.8%
  % Gain to Breakeven27.0%8.5%
  Time to Breakeven63 days18 days
2023 SVB Regional Banking Crisis
  % Loss-25.9%-6.7%
  % Gain to Breakeven35.0%7.1%
  Time to Breakeven23 days31 days
2020 COVID-19 Crash
  % Loss-20.7%-33.7%
  % Gain to Breakeven26.1%50.9%
  Time to Breakeven32 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-27.8%-19.2%
  % Gain to Breakeven38.4%23.8%
  Time to Breakeven76 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-19.8%-3.7%
  % Gain to Breakeven24.7%3.9%
  Time to Breakeven61 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-35.5%-12.2%
  % Gain to Breakeven55.0%13.9%
  Time to Breakeven163 days62 days

Compare to NOW, MSFT, ASAN, GTLB, CRM

In The Past

Atlassian's stock fell -21.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 27.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventTEAMS&P 500
2024 Yen Carry Trade Unwind
  % Loss-21.2%-7.8%
  % Gain to Breakeven27.0%8.5%
  Time to Breakeven63 days18 days
2023 SVB Regional Banking Crisis
  % Loss-25.9%-6.7%
  % Gain to Breakeven35.0%7.1%
  Time to Breakeven23 days31 days
2020 COVID-19 Crash
  % Loss-20.7%-33.7%
  % Gain to Breakeven26.1%50.9%
  Time to Breakeven32 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-27.8%-19.2%
  % Gain to Breakeven38.4%23.8%
  Time to Breakeven76 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-35.5%-12.2%
  % Gain to Breakeven55.0%13.9%
  Time to Breakeven163 days62 days
2014-2016 Oil Price Collapse
  % Loss-35.5%-6.8%
  % Gain to Breakeven55.0%7.3%
  Time to Breakeven163 days15 days

Compare to NOW, MSFT, ASAN, GTLB, CRM

In The Past

Atlassian's stock fell -21.2% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 27.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Atlassian (TEAM)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication. The company also provides Confluence, a remote-friendly team workspace used to build, organize, and collaborate on work virtually for team content creation and sharing; and Trello, a collaboration product, that manages projects, organizes tasks, and builds team spirit for capturing and adding structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket for code sharing and management; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.

AI Analysis | Feedback

The Microsoft 365 for teams focused on project management, collaboration, and software development.

Imagine GitHub for software developers, but expanded to include powerful project management and team collaboration tools for everyone.

The Salesforce for internal team operations, project management, and software development.

AI Analysis | Feedback

  • JIRA: A workflow management system enabling teams to plan, track, collaborate, and manage work and projects.
  • Jira Service Management: A service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams.
  • Jira Align: An enterprise agile planning tool designed for large-scale agile transformations.
  • Opsgenie: An incident management tool that centralizes alerts and notifies the right people at the right time.
  • Statuspage: A platform used for incident communication, keeping stakeholders informed during service disruptions.
  • Confluence: A remote-friendly team workspace for building, organizing, and collaborating on content virtually.
  • Trello: A collaboration product that helps teams manage projects, organize tasks, and build team spirit.
  • Bitbucket: A code sharing and management platform primarily used by development teams.

AI Analysis | Feedback

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AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)
  • Alphabet Inc. (GOOGL)

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Mike Cannon-Brookes, CEO & Co-Founder

Mike Cannon-Brookes co-founded Atlassian with Scott Farquhar in 2002, funding the company with credit cards shortly after graduating from university. The company was bootstrapped, relying on organic growth and reinvestment of profits rather than initial venture capital investment. He is also involved in several other business ventures, including a significant investment in the Sun Cable project, which aims to build a solar and battery farm, and holds a minority stake in the NBA's Utah Jazz. Cannon-Brookes serves as an adjunct professor at the University of New South Wales' School of Computer Science and Engineering and is the chairman of Blackbird Ventures, a venture capital firm. He also formed a climate fund called Boundless Earth in 2022. He was recognized as the Australian IT Professional of the Year in 2004 and, alongside Scott Farquhar, as the Australian Entrepreneur of the Year in 2006.

Joe Binz, Chief Financial Officer

Joe Binz joined Atlassian as Chief Financial Officer in September 2022, overseeing the company's Accounting, Finance, Internal Audit, Investor Relations, Tax, and Treasury teams. He brings over 25 years of finance leadership and experience in the technology industry. Prior to joining Atlassian, Binz was Microsoft's Corporate Vice President, Finance, where he was responsible for financial planning and analysis, investor relations, acquisition integration, and procurement functions. His career also includes significant roles at Intel Corporation and KPMG Peat Marwick.

Brian Duffy, Chief Revenue Officer

Brian Duffy will join Atlassian as Chief Revenue Officer, effective January 1, 2025. He has over 20 years of experience in the technology industry. Previously, Duffy spent 18 years at SAP, where his most recent role was President of Cloud. In this role, he launched, built, and scaled the strategic initiative 'RISE with SAP,' transforming it into a multi-billion dollar business within two years by helping customers transition to the cloud. Following his time at SAP, Brian served as CEO of SoftwareOne, where he positioned the company for its next phase of growth. He has extensive international experience from living and working in the United States, Europe, China, and Japan.

Rajeev Rajan, Chief Technology Officer

Rajeev Rajan joined Atlassian as Chief Technology Officer in May 2022. He is responsible for Atlassian Engineering, IT, Security and Trust, and the Engineering Operations teams, focusing on the company's cloud transformation, Developer Platform, and Product lines. Rajan's background includes senior roles at Facebook and Microsoft. He holds advanced degrees in Computer Science.

Anu Bharadwaj, President

Anu Bharadwaj is the President at Atlassian, responsible for overseeing the company's strategic initiatives and ensuring operational excellence. Her key skills encompass product management, strategic planning, and leadership, which contribute to Atlassian's growth and innovation. Bharadwaj has a rich background that includes roles such as Chief Operating Officer and VP of Product at Atlassian, and has held various leadership positions at Microsoft and other tech companies.

AI Analysis | Feedback

Atlassian (TEAM) faces several key risks to its business operations and market position. The most significant risk stems from **intense competition** within the enterprise software market. Atlassian operates in a fiercely competitive landscape, facing formidable rivals such as Microsoft (with Azure DevOps, GitHub, Teams, and SharePoint), GitLab Inc., ServiceNow, and Salesforce (Slack). Microsoft is particularly highlighted as a major competitive threat, leveraging its broad ecosystem and vertical integration to offer comprehensive solutions that can challenge Atlassian's market share in areas like agile project management and DevOps tooling. Competitors like GitLab also offer integrated, end-to-end DevOps platforms, presenting a "toolchain tax" argument against Atlassian's suite model. Another critical risk is **cybersecurity threats and vulnerabilities** affecting its products. Atlassian's core offerings, including Jira, Confluence, and Bitbucket, have been subject to critical security flaws and active exploitation. These vulnerabilities, some with high severity scores, include remote code execution (RCE), privilege escalation, and information disclosure issues. Such exploits can lead to unauthorized access, data breaches, system compromise, and a loss of customer trust. The increasing reliance on cloud applications also introduces risks related to authorization and access-control issues within its cloud services. Finally, the **challenges associated with cloud migration and the discontinuation of server products** represent a key risk. Atlassian has been actively phasing out support for its server products, compelling its large customer base to migrate to either its cloud offerings or Data Center platform. This transition poses an ongoing challenge, as Atlassian must ensure its legacy customers migrate without significant attrition. Delaying this migration can expose customers to increased vulnerabilities due to a lack of security updates and support for unsupported server products. Furthermore, Atlassian is heavily investing in its cloud platform, making new, critical features and advanced tools, including AI and automation capabilities, exclusive to the cloud, which could disadvantage customers remaining on older platforms.

AI Analysis | Feedback

The emergence of "Work OS" platforms such as Notion, ClickUp, and Monday.com, which offer highly flexible, all-in-one workspaces capable of consolidating functions traditionally spread across multiple Atlassian products like Confluence (for content and wikis), Trello (for task management), and even some project tracking aspects of Jira for non-technical teams. These platforms often provide a more unified user experience, extensive customization, and increasingly sophisticated AI capabilities, directly challenging Atlassian's strategy of providing distinct, albeit integrated, tools.

The rise of fully integrated DevOps platforms like GitLab, which consolidate the entire software development lifecycle—including source code management (competing with Bitbucket), CI/CD (competing with Bamboo), issue tracking (competing with Jira), and other developer services—into a single application. This unified approach provides a compelling alternative for development teams seeking to simplify and streamline their toolchains, potentially displacing Atlassian's suite of specialized developer tools.

AI Analysis | Feedback

Atlassian (symbol: TEAM) operates within significant addressable markets across its core product offerings. The company estimates its total serviceable addressable market (SAM) to be approximately $67 billion globally, with an anticipated growth rate of 13% annually. This overall market is projected to reach $176 billion by 2025, growing at 11% annually, encompassing software development, service management, and work management categories worldwide. Here's a breakdown of the addressable markets for Atlassian's main products and services: * Jira (Workflow Management, Project Management, Software Development, Enterprise Agile Planning): * The serviceable addressable market for software development is estimated at $17 billion globally, with a 9% annual growth rate. * The global Enterprise Agile Planning (EAP) market was valued at USD 1.58 billion in 2025 and is expected to grow to USD 4.69 billion by 2033. Another estimate projects the global EAP market to be approximately USD 3 billion in 2026, reaching USD 21.34 billion by 2035. * Jira Service Management (IT Service Management - ITSM): * The serviceable addressable market for service management is estimated at $15 billion globally, growing at 13% annually. Atlassian also identifies an additional $9 billion opportunity by expanding its use cases beyond traditional IT teams to areas like HR, legal, and marketing. * The global IT Service Management (ITSM) market was estimated at USD 13.4567 billion in 2024 and is projected to reach USD 29.927 billion by 2030. Other reports indicate the global ITSM market size at USD 13.49 billion in 2024, predicted to grow to approximately USD 51.93 billion by 2034. North America held the largest share of this market, accounting for over 40% in 2024. * Opsgenie and Statuspage (Incident Management and Communication): * These products fall under the broader Incident Management Software market. The global incident management software market was valued at USD 2.5 billion in 2024 and is projected to reach USD 5.93 billion by 2032. Another source estimates the global market at USD 7.215 billion in 2024, growing to USD 15.57883 billion by 2032. * The global Cyber Incident Management Software market was valued at US$ 36.9 billion in 2025 and is expected to reach US$ 131.6 billion by 2032. North America accounts for approximately 40% of the global incident management software market. * Confluence and Trello (Team Collaboration, Work Management, Knowledge Management): * Atlassian's serviceable addressable market for work management is estimated at US$35 billion globally. * The global Team Collaboration Software market was valued at USD 21.5 billion in 2025 and is expected to reach USD 55.0 billion by 2034. Other estimates place the global market at USD 36.1142 billion in 2024, projected to reach USD 57.4038 billion by 2030. North America held the largest share of the team collaboration software market, accounting for over 37% in 2024. * Confluence has a market share of 1.88% in Knowledge Management and 2.01% in productivity software globally. * Bitbucket (Code Sharing and Management, Version Control Systems): * The global Version Control Systems (VCS) market was valued at USD 1.24 billion in 2025 and is projected to grow to USD 5.89 billion by 2034. Other reports estimate the global VCS market at USD 1.03 billion in 2024, reaching USD 2.66 billion by 2030. North America dominates the VCS market, holding over 35% in 2025. * Bitbucket holds approximately 11% of the global market share for hosting services for source code and development projects. It also has an estimated market share of 18.53% in Continuous Integration and Delivery globally.

AI Analysis | Feedback

Atlassian (TEAM) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Cloud Migration: A significant driver of revenue growth is the ongoing migration of customers from Atlassian's legacy Data Center products to its cloud solutions. This transition has led to raised cloud revenue guidance and continues to show robust momentum. Management has noted strong migration performance and outperformance in cloud revenue, indicating continued customer adoption of cloud solutions.
  2. Enterprise Customer Expansion: Atlassian is experiencing strong execution from its enterprise sales and partner teams, resulting in a record number of deals exceeding $1 million in annual contract value. The company is focused on increasing its strategic value within existing enterprise accounts and expanding its large customer base, which now exceeds 300,000 customers.
  3. Artificial Intelligence (AI) Integration and Offerings: Heavy investment in AI and its integration across Atlassian's platform are identified as significant tailwinds for the company. Atlassian has seen rapid adoption of its AI capabilities, with millions of monthly active users, and is delivering new AI-driven innovations like "Rovo" and "Agents in Jira."
  4. Product-led Growth and Platform Expansion: Atlassian's core strategy of product-led growth and expanding its platform ecosystem, including new product launches and continued development of existing products (Jira, Confluence, Trello, Bitbucket), will contribute to revenue growth. The recently introduced "Teamwork collection" has shown strong momentum and is exceeding expectations.
  5. International Expansion: The company's international revenue streams, particularly from the EMEA and Asia Pacific regions, are expected to continue growing. These markets contribute a substantial portion to Atlassian's total revenue, with analysts projecting further increases in these segments.

AI Analysis | Feedback

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1. Share Repurchases

  • In October 2025, Atlassian authorized a new share buyback program of up to $2.5 billion, which is set to follow a previous $1.5 billion initiative launched in September 2024.
  • The company repurchased $779.439 million in shares in 2025, $395.256 million in 2024, and $150.006 million in 2023.

2. Share Issuance

  • Atlassian's shares outstanding have shown slight annual increases, reaching 0.262 billion in 2025 (a 1.02% increase from 2024), 0.259 billion in 2024 (a 1.1% increase from 2023), and 0.256 billion in 2023 (a 1.18% increase from 2022).
  • Share-based compensation amounted to $1.9 billion in fiscal year 2025.

4. Outbound Investments

  • Atlassian completed the acquisition of DX, an engineering intelligence company, in November 2025 for approximately $1 billion in cash and restricted stock to enhance its AI investments and developer experience insights.
  • In December 2025, Atlassian acquired Secoda, a provider of an AI platform for data and analytics solutions.
  • The company also acquired The Browser Company for $610 million in October 2025.

5. Capital Expenditures

  • Capital expenditures for the trailing twelve months leading up to February 2026 were reported as "negligible" at $52.7 million.
  • The primary focus of investments, which includes capital expenditures, has been on enhancing AI capabilities, enterprise sales, cloud platform infrastructure, and overall enterprise-grade capabilities for its System of Work.
```

Better Bets vs. Atlassian (TEAM)

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Atlassian Stock Surges 30% In A Single Day, Time To Buy The Stock?05/02/2026
2Cash Rich, Low Price - Atlassian Stock to Break Out?04/15/2026
3Is 18.5% Fall In Atlassian (TEAM) Stock A Buying Opportunity?03/25/2026
4Is 13.4% Fall In Atlassian (TEAM) Stock A Buying Opportunity?03/10/2026
5Atlassian (TEAM +7.4%): Software Sector Rebounds From AI Fears03/06/2026
6Is 29.3% Fall In Atlassian (TEAM) Stock A Buying Opportunity?02/03/2026
7TEAM Stock Falls -19% With A 5-day Losing Spree On Analyst Downgrades01/21/2026
8Can Atlassian Stock Recover If Markets Fall?01/15/2026
9Atlassian Earnings Notes12/25/2025
10ARTICLES 
11Cash Machine Trading Cheap – Atlassian Stock Set to Run?04/15/2026
12Time To Buy The Dip In Atlassian Stock?03/25/2026
13Down 29%, Is Atlassian Stock a Buy Now?02/03/2026
14Atlassian Stock Has Fallen 22%, Time to Enter?01/23/2026
15Stocks Trading At 52-Week Low01/14/2026

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Financials

TEAMNOWMSFTASANGTLBCRMMedian
NameAtlassianServiceN.MicrosoftAsana GitLab Salesfor. 
Mkt Price87.4695.07421.926.2023.66173.5191.26
Mkt Cap22.898.43,133.21.54.0162.260.6
Rev LTM6,19013,960318,27379195541,52510,075
Op Inc LTM-2291,876148,957-197-708,917903
FCF LTM1,2054,62472,9167722214,4022,914
FCF 3Y Avg1,3153,80070,952166312,1112,558
CFO LTM1,2495,437170,1419023314,9963,343
CFO 3Y Avg1,3524,626136,991296812,7742,989

Growth & Margins

TEAMNOWMSFTASANGTLBCRMMedian
NameAtlassianServiceN.MicrosoftAsana GitLab Salesfor. 
Rev Chg LTM24.7%21.7%17.9%9.2%25.8%9.6%19.8%
Rev Chg 3Y Avg22.7%22.4%15.3%13.1%31.1%9.8%18.8%
Rev Chg Q31.7%22.1%18.3%9.2%23.2%12.1%20.2%
QoQ Delta Rev Chg LTM7.5%5.1%4.2%2.2%5.4%3.0%4.7%
Op Inc Chg LTM-35.5%26.5%22.0%26.0%50.6%16.3%24.0%
Op Inc Chg 3Y Avg-11.1%71.1%20.7%20.3%28.6%89.0%24.7%
Op Mgn LTM-3.7%13.4%46.8%-25.0%-7.4%21.5%4.9%
Op Mgn 3Y Avg-3.2%12.1%45.6%-34.4%-19.5%19.6%4.5%
QoQ Delta Op Mgn LTM-0.5%-0.3%0.1%4.4%2.0%-0.6%-0.1%
CFO/Rev LTM20.2%38.9%53.5%11.4%24.4%36.1%30.2%
CFO/Rev 3Y Avg27.2%39.9%49.5%3.6%7.3%33.3%30.3%
FCF/Rev LTM19.5%33.1%22.9%9.7%23.2%34.7%23.1%
FCF/Rev 3Y Avg26.5%32.7%26.1%1.8%6.7%31.6%26.3%

Valuation

TEAMNOWMSFTASANGTLBCRMMedian
NameAtlassianServiceN.MicrosoftAsana GitLab Salesfor. 
Mkt Cap22.898.43,133.21.54.0162.260.6
P/S3.77.09.81.94.23.94.0
P/Op Inc-99.752.521.0-7.5-56.818.25.4
P/EBIT-156.741.019.9-8.2-56.818.25.0
P/E-105.356.025.0-7.8-71.621.87.0
P/CFO18.318.118.416.417.210.817.6
Total Yield-0.9%1.8%4.8%-12.8%-1.4%5.3%0.4%
Dividend Yield0.0%0.0%0.8%0.0%0.0%0.7%0.0%
FCF Yield 3Y Avg4.0%2.8%2.5%0.6%1.0%4.5%2.6%
D/E0.10.00.00.20.00.10.0
Net D/E0.0-0.0-0.0-0.1-0.30.0-0.0

Returns

TEAMNOWMSFTASANGTLBCRMMedian
NameAtlassianServiceN.MicrosoftAsana GitLab Salesfor. 
1M Rtn27.3%-1.4%0.4%6.0%8.4%-4.3%3.2%
3M Rtn3.7%-11.2%5.4%-18.0%-19.9%-8.3%-9.8%
6M Rtn-42.4%-44.1%-17.0%-51.2%-46.6%-28.5%-43.2%
12M Rtn-60.4%-54.3%-6.6%-66.0%-54.0%-40.0%-54.2%
3Y Rtn-39.3%-3.6%37.3%-67.8%-25.6%-15.9%-20.8%
1M Excs Rtn22.0%-6.6%-4.8%0.8%3.2%-9.5%-2.0%
3M Excs Rtn-4.7%-19.6%-3.0%-26.4%-28.3%-16.7%-18.1%
6M Excs Rtn-51.9%-53.1%-25.3%-60.1%-57.2%-37.3%-52.5%
12M Excs Rtn-86.8%-79.4%-31.9%-91.5%-81.4%-65.6%-80.4%
3Y Excs Rtn-115.4%-74.4%-40.8%-143.4%-101.0%-93.1%-97.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment4,3593,535   
Maintenance  495523469
Other  211242118
Subscription  2,0971,324931
Perpetual license    95
Total4,3593,5352,8032,0891,614


Price Behavior

Price Behavior
Market Price$87.46 
Market Cap ($ Bil)23.1 
First Trading Date12/10/2015 
Distance from 52W High-60.4% 
   50 Days200 Days
DMA Price$73.87$128.93
DMA Trenddowndown
Distance from DMA18.4%-32.2%
 3M1YR
Volatility92.4%60.8%
Downside Capture30.15186.25
Upside Capture33.9623.95
Correlation (SPY)5.8%16.2%
TEAM Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.970.420.660.820.941.36
Up Beta0.580.940.860.531.171.21
Down Beta3.62-0.33-0.53-0.290.481.67
Up Capture67%8%-43%15%4%99%
Bmk +ve Days15223166141428
Stock +ve Days10192557113371
Down Capture443%73%221%192%158%110%
Bmk -ve Days4183056108321
Stock -ve Days12243968138381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with TEAM
TEAM-62.9%60.5%-1.42-
Sector ETF (XLK)51.7%20.5%1.9319.4%
Equity (SPY)27.4%12.1%1.7115.4%
Gold (GLD)42.5%26.8%1.30-13.9%
Commodities (DBC)45.4%18.5%1.88-8.5%
Real Estate (VNQ)11.5%13.5%0.56-0.0%
Bitcoin (BTCUSD)-23.7%41.8%-0.547.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with TEAM
TEAM-17.3%59.9%-0.08-
Sector ETF (XLK)22.0%24.8%0.7849.0%
Equity (SPY)13.6%17.1%0.6347.5%
Gold (GLD)19.4%17.9%0.88-0.5%
Commodities (DBC)10.9%19.4%0.455.2%
Real Estate (VNQ)2.9%18.8%0.0634.3%
Bitcoin (BTCUSD)7.2%55.9%0.3424.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with TEAM
TEAM14.4%51.2%0.46-
Sector ETF (XLK)25.0%24.4%0.9248.8%
Equity (SPY)15.5%17.9%0.7443.5%
Gold (GLD)13.0%16.0%0.671.9%
Commodities (DBC)8.3%17.9%0.387.8%
Real Estate (VNQ)5.0%20.7%0.2127.5%
Bitcoin (BTCUSD)67.4%66.9%1.0615.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity15.3 Mil
Short Interest: % Change Since 415202614.0%
Average Daily Volume8.2 Mil
Days-to-Cover Short Interest1.9 days
Basic Shares Quantity261.0 Mil
Short % of Basic Shares5.9%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/30/202629.6%34.7% 
2/5/2026-3.7%-12.1%-16.6%
10/30/20255.4%-2.8%-4.2%
8/7/2025-1.7%-3.9%1.0%
5/1/2025-9.0%-9.1%-10.2%
1/30/202514.9%19.5%2.7%
10/31/202419.0%24.1%41.0%
8/1/2024-17.1%-19.9%-4.4%
...
SUMMARY STATS   
# Positive656
# Negative9108
Median Positive16.1%19.5%13.8%
Median Negative-9.0%-8.3%-11.0%
Max Positive29.6%34.7%41.0%
Max Negative-17.1%-19.9%-18.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202502/06/202610-Q
09/30/202510/31/202510-Q
06/30/202508/15/202510-K
03/31/202505/02/202510-Q
12/31/202401/31/202510-Q
09/30/202411/01/202410-Q
06/30/202408/16/202410-K
03/31/202404/26/202410-Q
12/31/202302/02/202410-Q
09/30/202311/03/202310-Q
06/30/202308/18/202310-K
03/31/202305/05/202310-Q
12/31/202202/03/202310-Q
09/30/202211/04/202210-Q
06/30/202208/19/202220-F

Recent Forward Guidance [BETA]

Latest: Q3 2026 Earnings Reported 4/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Total Revenue1.65 Bil1.66 Bil1.66 Bil-2.1% Lower NewActual: 1.69 Bil for Q3 2026
Q4 2026 Cloud Revenue Growth 25.5% 10.9%2.5%Higher NewActual: 23.0% for Q3 2026
Q4 2026 Data Center Revenue Growth 8.5% -74.6%-25.0%Lower NewActual: 33.5% for Q3 2026
Q4 2026 Marketplace and Other Revenue Growth 6.5% 30.0%1.5%Higher NewActual: 5.0% for Q3 2026
Q4 2026 Gross Margin (GAAP) 85.5% 00Same NewActual: 85.5% for Q3 2026
Q4 2026 Gross Margin (Non-GAAP) 88.0% 00Same NewActual: 88.0% for Q3 2026
Q4 2026 Operating Margin (GAAP) 4.5%  4.5%Higher NewActual: 0.0% for Q3 2026
Q4 2026 Operating Margin (Non-GAAP) 30.5% 10.9%3.0%Higher NewActual: 27.5% for Q3 2026
2026 Total Revenue Growth 24.0% 9.1%2.0%RaisedGuidance: 22.0% for 2026
2026 Cloud Revenue Growth 26.5% 9.1%2.2%RaisedGuidance: 24.3% for 2026
2026 Data Center Revenue Growth 21.5% 7.5%1.5%RaisedGuidance: 20.0% for 2026
2026 Marketplace and Other Revenue Growth 6.5% 8.3%0.5%RaisedGuidance: 6.0% for 2026
2026 Gross Margin (GAAP) 84.5% 0.6%0.5%RaisedGuidance: 84.0% for 2026
2026 Gross Margin (Non-GAAP) 88.0% 1.1%1.0%RaisedGuidance: 87.0% for 2026
2026 Operating Margin (GAAP) -2.0% -33.3%1.0%RaisedGuidance: -3.0% for 2026
2026 Operating Margin (Non-GAAP) 29.0% 13.7%3.5%RaisedGuidance: 25.5% for 2026

Prior: Q2 2026 Earnings Reported 2/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Revenue1.69 Bil1.69 Bil1.70 Bil   
Q3 2026 Cloud Revenue Growth 23.0%    
Q3 2026 Data Center Revenue Growth 33.5%    
Q3 2026 Marketplace and other revenue growth 5.0%    
Q3 2026 Gross Margin (GAAP) 85.5%    
Q3 2026 Gross Margin (Non-GAAP) 88.0%    
Q3 2026 Operating Margin (GAAP) 0.0%    
Q3 2026 Operating Margin (Non-GAAP) 27.5%    
2026 Revenue Growth 22.0% 5.8% RaisedGuidance: 20.8% for 2026
2026 Cloud Revenue Growth 24.3% 8.0% RaisedGuidance: 22.5% for 2026
2026 Data Center Revenue Growth 20.0% 0.0% AffirmedGuidance: 20.0% for 2026
2026 Marketplace and other revenue growth 6.0% 20.0% RaisedGuidance: 5.0% for 2026
2026 Gross Margin (GAAP) 84.0%    
2026 Gross Margin (Non-GAAP) 87.0%    
2026 Operating Margin (GAAP) -3.0%    
2026 Operating Margin (Non-GAAP) 25.5%    

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Duffy, BrianChief Revenue OfficerDirectSell515202680.827,017567,10819,301,793Form
2Liu, GeneChief Accounting OfficerDirectSell515202680.8280364,8994,812,932Form
3Duffy, BrianChief Revenue OfficerDirectSell220202681.351,22299,41010,114,451Form
4Liu, GeneChief Accounting OfficerDirectSell220202681.36665,3704,910,218Form
5Rajan, Rajeev BashyamChief Technology OfficerDirectSell220202681.353,072249,90717,320,707Form

Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET

External Quote Links


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