Microsoft says revenue grew 18% to $331.8 billion in fiscal 2026 (year to 30 June 2026), from $281.7 billion. Server products and cloud services drove the gain, up 31% to $129.4 billion, as Azure and other cloud services grew 41%. Growth held up in the quarter to 30 September 2026: revenue rose 19% to $92.3 billion.
How we source: the figures in the boxes and charts on this page come from Microsoft’s own annual filing, with the period stated next to each number. Data checked 6 November 2026. The original article below may quote earlier periods. Our methodology.
The six largest of Microsoft's ten product and service lines, fiscal 2026 (year to 30 June 2026), with fiscal 2025 for comparison; together 92% of total revenue
Microsoft's revenue reached $332B in fiscal 2026, 3.6x its fiscal 2016 level. Source: MicrosoftForm 10-K filings via SEC EDGAR XBRL company facts. Analysis by The Business Engineer.Intelligent Cloud grew 32% while More Personal Computing shrank 4%. Source: Microsoftquarterly earnings releases (Form 8-K, SEC EDGAR). Analysis by The Business Engineer.
Where the growth comes from
Intelligent Cloud, led by Azure, is the engine: in the June 2026 quarter it grew 32% to $39.3B, overtaking Productivity and Business Processes ($37.8B). Azure grew 43%.
Intelligent Cloud is now Microsoft's biggest segment: $39.3B in Q4 FY2026, up 32%. Source: Microsoftquarterly earnings releases (Form 8-K, SEC EDGAR). Segment figures as restated in the most recent releases; quarters sum to Form 10-Krevenue. Analysis by The Business Engineer.
Gennaro Cuofano is a CRO and tech executive who has worked in AI since late 2015, starting with bringing NLP, natural-language generation, voice and chatbot products to the marketing industry. His background is in law and finance: he holds a Master's degree in Law and an International MBA with an emphasis on corporate finance (LUISS Business School and the University of San Diego, 2012), and worked as a financial analyst at a real-estate investment firm in San Diego and as an assistant controller. His work focuses on business model strategy, business engineering and, more broadly, structural analysis: how companies make money, read from their own filings. He created FourWeekMBA and leads research there and at The Business Engineer, his newsletter on AI and business strategy, with over 95,000 subscribers and more than 1,000 published analyses. His writing has also appeared on Entrepreneur (for example, How to Digitize a Family Business in Europe) and HackerNoon. Find him on LinkedIn and Substack. See how we source.
