+33%
Azure is the growth engine
Azure and other cloud services grew 33%, and Microsoft Cloud overall reached $38.9B — about 59% of all revenue — as AI demand pulled customers onto the platform.
Microsoft grew 16% to $65.6B as Azure jumped 33% and Microsoft Cloud revenue hit $38.9B — it kept $24.7B as profit, while Xbox got a big one-year lift from the Activision acquisition.
Follow the money, left → right. Hover or tap any block or band to trace where that money comes from and where it goes. Tap a block to pin it and read what it means below. Tap the background to reset.
Charts in billions are hard to feel. Here is the same quarter, shrunk down: for every $100 Microsoft took in, this is where it went.
The rows reconcile to the $37.61 kept as profit within $0.01 of rounding; other expense is a $0.43 drag per $100 of revenue.
If you only remember three numbers from this quarter, make it these.
Azure and other cloud services grew 33%, and Microsoft Cloud overall reached $38.9B — about 59% of all revenue — as AI demand pulled customers onto the platform.
Microsoft Cloud revenue hit $38.9B, up 22%. The growth story is the data centers — and the cost of revenue rose 23% as Microsoft built them out.
Xbox content and services revenue jumped 61%, but 53 points of that came from the Activision acquisition closing a year earlier — the underlying games business grew much more slowly.
The same chart, for every quarter we've covered.