August 7, 2026 — 11:34am
Technology billionaire Mike Cannon-Brookes’ net worth soared on Friday morning, after Atlassian posted its first quarterly operating profit in more than two years and its shares jumped as much as 38 per cent in after-hours trading on the Nasdaq.
Atlassian, the Sydney-founded maker of Jira and Trello, is listed in New York. Co-founder and chief executive Cannon-Brookes holds 47.3 million shares in a family trust. At Thursday’s close, that stake was worth $US5.2 billion ($7.4 billion). Hours later, it had jumped to roughly $US7 billion ($10 billion).
Scott Farquhar, who stepped back from the co-chief executive role in August 2024 but kept a comparable holding, gained a similar amount.
Atlassian’s fourth-quarter revenue rose 28 per cent to $US1.77 billion, ahead of the $US1.66 billion that analysts had forecast, while operating income was $US211 million, against a $US28 million loss in the same quarter a year earlier. Earnings of $US1.87 a share beat a consensus of about $US1.50.
