Microsoft Azure Surpasses $75 Billion in Annual Revenue — Up 34% as Cloud Becomes the Engine of Global Business

Microsoft Corporation filed its fiscal year 2025 fourth-quarter earnings with the U.S. Securities and Exchange Commission on July 30, 2025, disclosing that its Azure cloud platform surpassed $75 billion in annual revenue — a 34% increase over the prior fiscal year. Microsoft also made a historically significant disclosure in the same filing: for the first time, it revealed Azure’s standalone annual revenue figure, which had previously been bundled into broader reporting categories. The Intelligent Cloud segment — which includes Azure — grew 26% year-over-year to $29.9 billion for the quarter, with Azure and other cloud services specifically growing 39%. For context, it was the ninth consecutive quarter that Azure revenue grew by 30% or more. Overall Microsoft Cloud revenue reached $46.7 billion for the quarter — a 27% increase year-over-year — and total company revenue reached $76.4 billion, up 18%, well ahead of Wall Street’s expectations. Microsoft CEO Satya Nadella stated in the earnings release that cloud and AI together are the driving force of business transformation across every industry and sector. Microsoft also disclosed that OpenAI has committed to spending $250 billion with Azure over the coming years — a commitment that represents one of the largest cloud infrastructure deals in corporate history. Microsoft holds approximately a 27% stake in OpenAI and has exclusive intellectual property and API access rights to OpenAI’s models through 2032. Separately, Microsoft has committed capital expenditures exceeding $30 billion for the first quarter of fiscal 2026 alone, spending $11.1 billion leasing data centre space in Q1 FY2026 as it pursues any available capacity while awaiting completion of its own construction projects.