Microsoft recorded $10 billion in revenue from OpenAI

Across the full 2026 fiscal year, revenue tied to OpenAI reached $24.1 billion. At the pace set in the latest quarter, Microsoft would be on track to generate roughly $40 billion annually from those arrangements. The company also reported $7.2 billion in outstanding receivables from OpenAI at the end of September, up from $6 billion at the end of June — amounts OpenAI owes from earlier transactions rather than additional revenue.

Microsoft did not break out how much of the $10 billion came from revenue-sharing payments versus Azure cloud computing services. TechCrunch has asked for that detail. The publication previously reported, citing leaked documents, that Microsoft received $865.8 million in net revenue-sharing payments from OpenAI during the first nine months of 2025. OpenAI reportedly shares 20% of its revenue with Microsoft under an earlier deal in which Microsoft invested more than $13 billion in the AI lab, though neither party has publicly confirmed that percentage. Under an April 2026 agreement, OpenAI must keep sharing revenue with Microsoft through 2030, subject to a cap, while being free to work with rival cloud providers.

The partnership's structure has been loosening since October 2025, when Microsoft gave up its exclusive grip on OpenAI to let the startup partner more broadly with cloud providers. In exchange, OpenAI committed to purchasing an additional $250 billion in Azure services. Microsoft's ownership stake in OpenAI has slipped from about 27% after the October 2025 recapitalization to roughly 25% in June and 24% in September; Microsoft did not explain what drove the dilution.

Open questions going forward: whether the roughly $40 billion annualized pace holds or cools, how much of the revenue is cloud spend versus shared economics, whether receivables keep climbing, and how ownership dilution continues to reshape the balance between commercial entanglement and growing rivalry for the same customers.