NASDAQ$TEAM
Atlassian Corp PLC A · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Atlassian reported Q4 2025 revenue of $1.38 billion, up 22% year-over-year, with non-GAAP operating margin expanding to 24%.
Atlassian delivered strong Q4 results with total revenue reaching $1,384 million and subscription revenue of $1,313 million. The company achieved non-GAAP operating income of $336 million and generated $360 million in free cash flow. AI monthly active users reached 2.3 million as the company highlighted its cloud and AI investments.
- Q4 revenue grew 22% YoY to $1,384 million, driven by 26% Cloud growth to $928 million.
- Non-GAAP operating margin improved to 24% from 20% YoY, with non-GAAP EPS of $0.98.
- Free cash flow was $360 million in the quarter and $1.42 billion for the full fiscal year.
- Ended FY25 with 51,978 customers exceeding $10,000 in Cloud ARR, up 13% YoY.
Headline financials
Revenue & EPS history
Atlassian · Revenue · Quarterly
$1.38B
Revenue by segment
Atlassian · $1.38B total across 3 segments · Q4 2025
- Cloud$928M—67.0%
- Data Center$381M—27.5%
- Marketplace and other$75.8M—5.5%
Forward guidance
Q1 FY2026 revenue expected between $1,395 million and $1,403 million with Cloud growth of ~22.5%. FY2026 revenue growth targeted at ~18% with non-GAAP operating margin of ~24%.
Tailwinds
- Cloud revenue growth expected at 22.5% in Q1 and 21% for FY2026
- Non-GAAP operating margin guidance of 20.5% for Q1 and 24% for FY2026
Headwinds
- GAAP operating margin expected at (5.5%) for Q1 and (2.5%) for FY2026
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.3%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+5.5%
Avg return
30 days after
45%
19 / 42 earnings
Positive
+26.0%
Q1 2018
Best reaction
-28.2%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +5.5% | +29.5% | +56.9% | |
| Q2 2026 | -3.7% | -11.6% | -15.0% | |
| Q1 2026 | +9.5% | +0.5% | -6.9% | |
| Q4 2025 | -1.7% | -4.1% | +0.8% | |
| Q3 2025 | -9.2% | -10.2% | -9.4% | |
| Q2 2025 | +14.9% | +20.2% | +6.5% | |
| Q1 2025 | +17.8% | +16.4% | +38.4% | |
| Q4 2024 | -18.6% | -20.8% | -6.2% | |
| Q3 2024 | -9.8% | -13.4% | -15.1% | |
| Q2 2024 | -13.0% | -15.4% | -16.2% | |
| Q1 2024 | -0.5% | +0.6% | +9.7% | |
| Q4 2023 | +17.2% | +15.6% | +20.5% | |
| Q3 2023 | -6.5% | -8.3% | +26.7% | |
| Q2 2023 | -0.6% | +6.4% | +4.2% | |
| Q1 2023 | -28.2% | -28.8% | -18.2% | |
| Q4 2022 | +19.3% | +23.9% | +3.2% | |
| Q3 2022 | -7.7% | -8.3% | -24.2% | |
| Q2 2022 | +8.9% | +11.2% | +4.1% | |
| Q1 2022 | +11.0% | +9.1% | -5.2% | |
| Q4 2021 | +20.8% | +22.4% | +33.2% | |
| Q3 2021 | +0.7% | -4.6% | -1.1% | |
| Q2 2021 | +6.4% | +14.5% | +9.4% | |
| Q1 2021 | -8.3% | -12.8% | +7.2% | |
| Q4 2020 | -5.6% | -5.2% | +2.8% | |
| Q3 2020 | +1.2% | +11.0% | +21.3% | |
| Q2 2020 | +11.7% | +13.5% | +11.0% | |
| Q1 2020 | -6.0% | -11.4% | -1.2% | |
| Q4 2019 | +7.9% | +1.2% | +4.2% | |
| Q3 2019 | -9.8% | -8.2% | +14.3% | |
| Q2 2019 | -3.9% | -3.1% | +11.2% | |
| Q1 2019 | -16.1% | -13.4% | -9.2% | |
| Q4 2018 | +10.1% | +8.0% | +28.4% | |
| Q3 2018 | -6.2% | -7.8% | +2.1% | |
| Q2 2018 | -3.3% | -1.7% | -3.0% | |
| Q1 2018 | +26.0% | +23.8% | +31.5% | |
| Q4 2017 | -4.4% | -6.6% | -10.8% | |
| Q3 2017 | +5.1% | +6.5% | +8.4% | |
| Q2 2017 | +3.1% | +2.7% | +9.9% | |
| Q1 2017 | -5.5% | -5.5% | -4.7% | |
| Q4 2016 | +7.3% | +2.9% | +1.0% | |
| Q3 2016 | -6.2% | — | — | |
| Q2 2016 | -15.1% | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2014 | — | — | — |
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