Microsoft Reveals Azure's Quarterly Revenue at $33.2 Billion, Surpassing Google Cloud

Image: TechCrunch · Source

Microsoft disclosed Azure's quarterly revenue for the first time: $33.2 billion for Q3 2026, marking 48% growth and edging past Google Cloud's $30.7 billion in the same period.

In a notable development, Microsoft has publicly shared Azure's quarterly revenue in U.S. dollars for the first time. For the July to September quarter of 2026, the company reported that its cloud computing platform Azure generated $33.2 billion in revenue, representing a 48% increase compared to the same period a year earlier. This move provides clearer insight into Azure's market position, allowing more direct comparison with competitors like Amazon Web Services (AWS) and Google Cloud, which already disclose quarterly cloud revenues.

According to the report from TechCrunch, Google's parent company Alphabet revealed Google Cloud's revenue at $30.7 billion for the same quarter, putting Microsoft’s Azure slightly ahead in dollar terms. However, Google Cloud's revenue nearly doubled year-over-year, indicating a faster growth rate than Azure's. Google's cloud segment also encompasses Workspace subscriptions, making exact comparisons nuanced.

Azure remains Microsoft’s largest and fastest-growing product line, accounting for approximately 36% of the company's total quarterly revenue of $92.3 billion. The $33.2 billion revenue figure exceeded Wall Street analysts' expectations by around $850 million and outperformed Microsoft CFO Amy Hood’s earlier forecast of 44-45% growth.

Microsoft recently restructured its business reporting segments, introducing the 'Agents and Infra' category, which combines Azure with Microsoft 365’s cloud services. This segment reported $76.8 billion in revenue, a 25% increase from the previous year.

While AWS continues to be the dominant cloud service provider since its inception, with its forthcoming earnings report anticipated on Thursday, Microsoft’s detailed financial disclosure signals intensifying competition in the cloud market. This transparency allows investors and observers to better assess the dynamics among the major cloud providers, with Azure closing the gap especially against Google Cloud.

As the cloud market continues to expand rapidly, Microsoft’s official reveal of Azure’s revenue provides a milestone for both the company and the broader tech industry, highlighting Azure's key role in Microsoft’s growth strategy amidst an increasingly competitive landscape.