Microsoft just shared Azure’s actual revenue in dollars: $33.2 billion

Microsoft disclosed that its Azure cloud service generated $33.2 billion in revenue for Q3 2026, marking a 48% year-over-year increase and surpassing analyst expectations. This positions Azure slightly ahead of Google Cloud's $30.7 billion revenue for the same quarter, though Google Cloud grew at a faster rate. Azure now represents 36% of Microsoft's total quarterly revenue and is its largest and fastest-growing product line.