Microsoft made $10 billion from OpenAI in one quarter as Azure hit $33.2 billion

Microsoft generated $10 billion in revenue from OpenAI in its fiscal first quarter, according to a regulatory filing reported by TechCrunch [2]. The same results put Azure's revenue at $33.2 billion and total revenue at $92.3 billion for the three months to 30 September 2026 [1][3].

How much does Microsoft earn from OpenAI?

Microsoft earned $10 billion from its commercial arrangements with OpenAI in the quarter to 30 September. TechCrunch, citing Microsoft's filing, reports that the figure includes revenue-sharing payments and equals nearly 11% of quarterly revenue [2]. For the full 2026 fiscal year, revenue from OpenAI reached $24.1 billion [2].

The filing also lists $7.2 billion in receivables from OpenAI at the end of September, up from $6 billion at the end of June, TechCrunch reports [2]. It is not clear how much of the $10 billion came from revenue sharing and how much from Azure computing [2].

According to TechCrunch, Microsoft's stake in OpenAI slipped from about 25% in June to 24% in September, and the filing did not say what caused the dilution [2].

What did Microsoft report for the quarter?

Microsoft reported total quarterly revenue of $92.3 billion, up 19% from a year earlier. Operating income rose 21% to $45.9 billion and net income rose 32% to $36.6 billion on a GAAP basis [1]. Microsoft Cloud revenue grew 30% to $63.9 billion [1].

The company now reports two segments: Agents and Infra, with revenue of $76.8 billion, up 25%, and Devices and Consumer, with $15.5 billion, down 3% [1]. Commercial remaining performance obligation, a measure of contracted future revenue, rose 73% to $677 billion [1].

Why does the Azure number matter?

Azure brought in $33.2 billion, the first time Microsoft has reported the cloud unit's revenue in dollars. Microsoft's release gives Azure growth of 48%, and TechCrunch reports the dollar figure was about $850 million above analysts' expectations [1][3]. Alphabet said Google Cloud brought in $30.7 billion in the same quarter, according to TechCrunch [3].

Our read

Opinion: The $10 billion line shows how tightly the two companies remain bound even as they compete for the same customers. OpenAI is now a major source of Microsoft revenue and owes it billions at the same time, so investors will want the split between revenue sharing and cloud spending spelled out.

What we could not verify

• We did not read Microsoft's quarterly filing ourselves; the $10 billion, the $24.1 billion, the receivables and the stake figures come from TechCrunch's report on it.
• How the $10 billion splits between revenue-sharing payments and Azure services; TechCrunch says this is not clear.
• The $33.2 billion Azure figure and the analyst estimate it beat are reported by TechCrunch; Microsoft's press release we reviewed gives Azure growth only as a percentage.