Microsoft Statistics: Revenue, Azure Growth and Net Income

Microsoft's fiscal year ends on June 30, so fiscal 2026 covers July 2025 to June 2026. The company reports three segments: Productivity and Business Processes, Intelligent Cloud (which includes Azure) and More Personal Computing.

For fiscal 2026, revenue was $331.8 billion, up 18% (16% in constant currency) [1]. Operating income was $155.2 billion, up 21%, and GAAP net income was $133.7 billion, up 31% [1]. Diluted earnings per share were $17.95 [1]. Net income equalled about 40.3% of revenue (freereports.online calculation).

Revenue rose from $281,724 million in fiscal 2025 to $331,839 million in fiscal 2026 [1]. GAAP net income rose from $101,832 million to $133,749 million [1]. On a non-GAAP basis, which excludes the impact of investments in OpenAI, net income rose 22% to $128,786 million [1].

In the fourth quarter of fiscal 2026, revenue was $90.0 billion, up 18%, operating income was $40.6 billion and GAAP net income was $35.8 billion, up 31% [1]. Microsoft said the quarter included a $3.2 billion gain from its investment in Anthropic [1].

In fiscal 2026, Productivity and Business Processes earned $140.0 billion of revenue, Intelligent Cloud $137.8 billion and More Personal Computing $54.1 billion [1]. Intelligent Cloud revenue grew about 29.7% from $106.3 billion in fiscal 2025 and made up about 41.5% of total revenue (freereports.online calculations) [1].

Intelligent Cloud operating income rose from $44.6 billion to $57.0 billion [1]. More Personal Computing revenue fell slightly, from $54.6 billion to $54.1 billion [1].

In the fourth quarter, Intelligent Cloud revenue was $39.3 billion, up 32%, while More Personal Computing revenue fell 4% to $12.9 billion [1].

Microsoft does not report Azure revenue in dollars each quarter, only its growth rate. Azure and other cloud services revenue grew 40% in Q1 fiscal 2026 [4], about 39% in Q2 according to PaySpace Magazine's report of the results [5], 40% in Q3 [3] and 43% in Q4 [1].

Microsoft said Azure revenue surpassed $100 billion for the first time in fiscal 2026 [1]. Microsoft Cloud revenue was $59.3 billion in Q4, up 27%, and surpassed $214 billion for the full year [1][6]. Commercial remaining performance obligation rose 84% to $678 billion at the end of Q4 [1].

In Q3 fiscal 2026, Microsoft said its AI business passed an annual revenue run rate of $37 billion, up 123% year over year [2].

Annual and fourth-quarter figures come from Microsoft's FY26 Q4 earnings release, including its income statement and segment results tables [1]. Q1 and Q3 Azure growth rates come from Microsoft's segment performance pages [3][4]; Q3 AI run rate from the FY26 Q3 press release [2]; full-year Microsoft Cloud revenue from Microsoft's FY26 Q4 earnings call material [6]. The Q2 Azure growth rate is from a news report of Microsoft's results [5]. All values are in USD; growth rates are year over year and GAAP unless stated.

freereports.online calculations: FY2026 net income as a share of revenue (133,749 / 331,839), Intelligent Cloud growth (137,791 / 106,265 - 1) and Intelligent Cloud share of revenue (137,791 / 331,839).