Key Highlights

  • Microsoft (NASDAQ:MSFT) Revenue totals USD 332B, led by Server Products and Cloud Services at 39% of the total, or USD 129B, which grew 31% over the past year according to a published scorecard.
  • Microsoft 365 Commercial Products and Cloud Services is 30.7% of revenue at USD 102B, up 16%; simple arithmetic on the two shares puts the top two lines near 69.7% of the total.
  • Gaming slipped 7% to USD 21.8B while LinkedIn grew 11% to USD 19.8B, and six other segments together contribute USD 58.8B, or 17.7% of the company's revenue.
  • The United States supplies 51% of revenue and the rest of the world 49%, and the annual filing states that no single customer exceeded 10% of revenue in fiscal 2026, 2025 or 2024.

Segment Mix Explained

The scorecard reports Microsoft revenue of USD 332B, split into four named segments and a group of six smaller ones. Server Products and Cloud Services leads with 39% of the total, or USD 129B, up 31% from a year earlier. Microsoft 365 Commercial Products and Cloud Services follows at 30.7%, or USD 102B, up 16%. Gaming accounts for 6.6%, or USD 21.8B, and fell 7%, while LinkedIn holds 6%, or USD 19.8B, and rose 11%. The remaining six segments add USD 58.8B, or 17.7%. Simple arithmetic on the two largest shares gives about 69.7% of revenue from cloud infrastructure and workplace subscriptions combined, which is why Microsoft (NASDAQ:MSFT) is often read as a cloud and software Business first.

Who Buys and Why

Large enterprises and government bodies carry the business, according to the scorecard. They rent Azure capacity to run their systems and buy Microsoft 365 seats for their staff. The scorecard says enterprises choose Azure over Amazon Web Services and Google Cloud largely on fit, because the servers, databases and tools their teams already use come from the same supplier. Most revenue is subscriptions and consumption contracts, not one-time licences, so customers keep paying while they keep using the products. About 70% of revenue is said to come from cloud consumption and per-seat subscriptions that renew without a fresh buying decision. Revenue is split 51% United States and 49% rest of the world.

Risks To Watch

Concentration by customer is low, but concentration by product is not. Roughly 70% of revenue sits in two segments, so a slowdown in cloud consumption or in seat growth would register quickly across the group. The annual filing names free AI models, open-source software that mimics Microsoft products and the long device shift away from the personal computer as disruption risks, which the scorecard calls real but limited to parts of the business. Datacenter growth also depends on chips, power, cooling, land and permits, and on trade policy. No dated catalysts are given, so segment growth rates in future filings from Microsoft (NASDAQ:MSFT) are the thing to follow.

Where Things Stand

Microsoft (NASDAQ:MSFT) is cloud-heavy because Server Products and Cloud Services alone is 39% of its USD 332B revenue, and Microsoft 365 adds another 30.7%. The scorecard presents this mix as a strength, since it rests on subscriptions and consumption contracts, and it notes that no customer exceeds 10% of revenue. The United States provides 51% of sales. The main watch points are the 7% decline in Gaming, the reliance on two segments for about 69.7% of revenue, and the infrastructure inputs that Azure expansion requires. These are the scorecard's observations, not a recommendation, and they describe the business mix only.