On October 28, 2026, Microsoft broke with its habit of reporting only growth percentages and revealed that Azure generated $33.2 billion in the July-to-September quarter, 48% more than a year earlier. The figure beat the $32.3 billion analysts expected and represents about 36% of Microsoft $92.3 billion in total quarterly revenue.
The disclosure lets Azure be compared directly with its big cloud rivals, which already report their revenue in dollars every quarter. That same day, Alphabet reported that Google Cloud took in $30.7 billion in the same period, slightly behind Azure, although growing at nearly twice the rate of Microsoft platform.
For Microsoft, the figure confirms that the cloud is now its largest and fastest-growing product line, driven by companies renting computing capacity to run applications, services, and AI models. Azure now sits within a new segment called Agents and Infra, which groups Azure with the Microsoft 365 cloud business and brought in $76.8 billion, 25% more than the previous year.
Source: TechCrunch (https://techcrunch.com/2026/10/28/microsoft-just-shared-azures-actual-revenue-in-dollars-33-2-billion/)
