Microsoft disclosed on July 29, 2026, that Azure surpassed $100 billion in annual revenue for the first time during the fiscal year ended June 30. The announcement came with a separate quarterly measure: Azure and other cloud services grew 43% year over year in the fourth quarter.
What the 43% growth figure covers
The 43% figure is the year-over-year growth rate for Azure and other cloud services in Microsoft’s fiscal 2026 fourth quarter. It is a quarterly growth measure, not Azure’s annual revenue total.
Microsoft Cloud revenue reached $59.3 billion in the quarter, up 27% year over year. That is revenue for Microsoft Cloud over one quarter; Azure’s more-than-$100-billion milestone covers the full fiscal year.
How Azure fits into Microsoft’s cloud figures
Microsoft also reported $39.3 billion in quarterly revenue for its Intelligent Cloud segment, which includes Azure and other businesses. That segment total covers a different reporting category and period from Azure’s annual revenue milestone.
The wider fiscal-year results
Microsoft reported $331.8 billion in revenue for fiscal 2026, up 18% year over year, and $133.7 billion in net income, up 31% on a GAAP basis.
Its commercial remaining performance obligation reached $678 billion, an 84% year-over-year increase. This measure represents contracted performance that Microsoft had not yet recognized as revenue.
