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Cloud Revenue
Tracks revenue from cloud services, reflecting Microsoft's growth in a critical and expanding market segment.Cloud revenue has shifted from steady enterprise demand into an AI‑fueled acceleration since 2024, driven by strong Azure and first‑party AI services (Copilot, Fabric) and a rapidly growing AI ARR. That momentum is real—management points to ~39–40% Azure growth and 123% AI ARR growth—but it's capital and margin intensive: persistent capacity constraints, massive FY‑26 CapEx guidance and compressed cloud gross margins mean growth comes with higher cash intensity, booking volatility (OpenAI contracts) and near‑term profitability trade‑offs investors must price in.
Date | Cloud Revenue |
|---|---|
Jun 30, 2026 | $59.30B |
Mar 31, 2026 | $54.50B |
Dec 31, 2025 | $51.50B |
Sep 30, 2025 | $49.10B |
Jun 30, 2025 | $46.70B |
Mar 31, 2025 | $42.40B |
Dec 31, 2024 | $40.90B |
Sep 30, 2024 | $38.90B |
Jun 30, 2024 | $36.80B |
Mar 31, 2024 | $35.10B |