Atlassian (TEAM) Operating Expenses (2021 - 2026)
Atlassian's (TEAM) quarterly Operating Expenses came in at $1.3 billion in Q2 2026, up 11.79% year-over-year from $1.2 billion in Q2 2025, and down 16.65% quarter-over-quarter from $1.6 billion in Q1 2026.
Analysis
Atlassian (TEAM) Operating Expenses (2021 - 2026) Analysis & Trends
Atlassian (TEAM) has reported Operating Expenses for 6 consecutive years, with $1.3 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 11.79% year-over-year to $1.3 billion in Q2 2026; TTM through Jun 2026 was $5.6 billion, a 25.04% increase from a year earlier, with the FY2026 full-year figure at $5.6 billion, up 25.04% from the prior year.
- Operating Expenses was $1.3 billion for Q2 2026 at Atlassian, down from $1.6 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.6 billion in Q1 2026 and troughed at $591.5 million in Q1 2022.
- A 5-year average of $1.0 billion and a median of $969.5 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 53.56% in 2023 and grew 5.45% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $816.0 million in 2022, then rose by 12.09% to $914.6 million in 2023, then gained by 22.54% to $1.1 billion in 2024, then grew by 24.59% to $1.4 billion in 2025, then slipped by 5.66% to $1.3 billion in 2026.
- The last three Operating Expenses figures came in at $1.3 billion (Q2 2026), $1.6 billion (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 1.32 Bn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 341.70 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 691.79 Mn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 221.33 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 227.32 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | -28.25 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 67.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.32 Bn |
| Mar 31, 2026 | 1.58 Bn |
| Dec 31, 2025 | 1.40 Bn |
| Sep 30, 2025 | 1.27 Bn |
| Jun 30, 2025 | 1.18 Bn |
| Mar 31, 2025 | 1.15 Bn |
| Dec 31, 2024 | 1.12 Bn |
| Sep 30, 2024 | 1.00 Bn |
| Jun 30, 2024 | 981.04 Mn |
| Mar 31, 2024 | 957.90 Mn |
| Dec 31, 2023 | 914.64 Mn |
| Sep 30, 2023 | 818.62 Mn |
| Jun 30, 2023 | 819.71 Mn |
| Mar 31, 2023 | 908.37 Mn |
| Dec 31, 2022 | 816.00 Mn |
| Sep 30, 2022 | 702.03 Mn |
| Jun 30, 2022 | 671.77 Mn |
| Mar 31, 2022 | 591.53 Mn |
| Dec 31, 2021 | 555.29 Mn |
| Sep 30, 2021 | 461.29 Mn |