Atlassian (TEAM) Q4 Earnings Report Preview: What To Look For

Collaboration software company Atlassian (NASDAQ:TEAM) will be announcing earnings results this Thursday afternoon. Here’s what to look for.

Atlassian beat analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $1.43 billion, up 20.6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and a significant miss of analysts’ billings estimates.

Is Atlassian a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Atlassian’s revenue to grow 19.9% year on year to $1.54 billion, slowing from the 21.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.14 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Atlassian has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.9% on average.

Looking at Atlassian’s peers in the productivity software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Microsoft delivered year-on-year revenue growth of 16.7%, beating analysts’ expectations by 1.2%, and ServiceNow reported revenues up 20.7%, topping estimates by 1%. Microsoft traded down 10% following the results while ServiceNow was also down 9.9%.

Read our full analysis of Microsoft’s results here and ServiceNow’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. Investors in productivity software stocks have been spared in this environment as share prices are down 17.8% on average over the last month. Atlassian is down 31.9% during the same time and is heading into earnings with an average analyst price target of $229.58 (compared to the current share price of $105.06).

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