Microsoft's Azure Tops $100 Billion in Annual Revenue, Stock Jumps 18% in a Week

Microsoft finally showed Wall Street receipts. On July 29, the company reported fiscal fourth-quarter 2026 earnings that beat expectations across nearly every major line, and Azure, its cloud computing division, topped $100 billion in annual revenue for the first time, according to BigGo Finance and multiple other outlets.

The stock responded fast. Shares jumped 18% in a week and are up roughly 29% to 31% over the past month, according to Yahoo Finance and 247wallst.com. That move pushed a stock that had been grinding lower most of 2026 back into positive territory for the year, according to the Motley Fool via AOL. As of the most recent trading data cited by 247wallst.com, Microsoft closed at $506.06, giving it a market cap around $3.71 trillion, the world's second-largest.

The numbers behind the rally

Quarterly revenue hit $90 billion, up 18% year-over-year, and net income jumped 31% to $35.8 billion, according to BigGo Finance. Full fiscal-year 2026 revenue reached $331.8 billion, also up 18%.

Azure drove the story. The cloud unit grew 43%, its fastest pace since early 2022, and crossed the $100 billion annual revenue mark for the first time, a 41% jump from fiscal 2025, according to Yahoo Finance. CFO Amy Hood guided for Azure growth of roughly 45% in constant currency for the first quarter of fiscal 2027, per 247wallst.com.

Microsoft 365 Copilot, the company's AI assistant product, surpassed 30 million paid seats, more than doubling net additions from the prior quarter, according to BigGo Finance and Windows Central. Commercial remaining performance obligations, essentially Microsoft's contracted revenue backlog, hit $678 billion, up 84% year-over-year, giving the company years of visibility that few competitors can match, per 247wallst.com.