Azure Crosses $100 Billion in Annual Revenue; Microsoft Cloud Backlog Jumps 84%

Azure surpassed $100 billion in annual revenue for the first time in fiscal year 2026. Microsoft's commercial remaining performance obligation — a forward indicator of enterprise cloud commitments — surged 84% to $678 billion in Q4 FY2026. Microsoft 365 Copilot reached over 30 million paid seats. The figures signal enterprise AI workloads are moving into committed multi-year budgets.