Microsoft first introduced its cloud computing platform underneath the title “Home windows Azure” on the Microsoft PDC in October 2008. Later, Azure formally went reside on February 1, 2010. Within the 15 years since its launch, Microsoft has by no means disclosed Azure’s standalone income. As an alternative, its financials had been at all times mixed with different industrial services, making it troublesome to evaluate Azure’s true efficiency.

At present, Microsoft introduced its earnings for the quarter ended June 30, 2025. As a part of the outcomes, Microsoft CEO Satya Nadella lastly revealed that Azure surpassed $75 billion in income within the fiscal yr ended June 30, 2025, up 34 % year-over-year, pushed by development throughout all workloads.

For comparability, AWS generated round $108 billion in cloud income in 2024, and based mostly on early 2025 outcomes, it’s trending towards an annual run charge of roughly $117 billion. Azure continues to be $42 billion behind AWS in annual income, which is a few 36% hole. If each preserve their present development charges, it could take Azure round 3 to 4 years to catch up.

Lately, Google reported its Q2 2025 earnings. Based on the outcomes, Google Cloud generated $13.6 billion in income, reflecting 32% year-over-year development and an annualized run charge exceeding $54 billion. This means that Azure stays considerably bigger than Google Cloud by way of annual income however nonetheless trails nicely behind the market chief, AWS.

Microsoft CFO Amy Hood mentioned the next throughout the earnings name webcast:

“Business remaining efficiency obligation elevated to $368 billion, up 37% (and 35% in fixed forex). Roughly 35% will probably be acknowledged as income within the subsequent 12 months, up 21% year-over-year. The remaining portion, to be acknowledged past the following 12 months, elevated by 49%. And this quarter, our annuity combine was once more 98%.”

She additionally talked about that, whereas Microsoft introduced further datacenter capability on-line this quarter, demand continues to outpace provide. These elements point out that Azure is prone to preserve its robust development momentum within the coming quarters. To help this development, Microsoft expects to spend over $30 billion in capital expenditures within the subsequent quarter alone.