On July 30, 2026, Microsoft disclosed that its full-year revenue from the commercial arrangement with OpenAI reached $24.1 billion (162.9 billion yuan), including revenue-sharing payments agreed upon by both parties. This accounted for approximately 7.3% of Microsoft's total annual revenue of $331.839 billion. As of June 30, OpenAI's accounts receivable from Microsoft stood at $6 billion.

The long-term partnership between Microsoft and OpenAI began in 2019, with a new agreement signed in October 2025 and further extended in April 2026. By the end of the fiscal year, Microsoft held approximately 25% of OpenAI on a fully diluted basis, using the equity method to account for the investment. Microsoft's total capital commitment to OpenAI was $13 billion, with $11.9 billion already funded by the end of June. Microsoft continues to receive revenue share from OpenAI and holds intellectual property licenses to integrate OpenAI's models and infrastructure into its own products.

Under the new agreement reached in October 2025, revenue sharing, exclusive intellectual property rights, and Azure's exclusive API rights will continue until the achievement of AGI or 2030. Microsoft's intellectual property rights to OpenAI's models and products are extended to 2032. In the new agreement, OpenAI committed to purchasing an additional $250 billion in Azure services. Microsoft stated that this long-term purchase commitment significantly boosted its commercial orders and remaining performance obligations. In the second quarter of fiscal 2026, Microsoft's commercial orders rose 230% year-over-year, primarily driven by OpenAI's large Azure commitment. Commercial remaining performance obligations reached $625 billion, with about 45% coming from OpenAI, amounting to approximately $281.3 billion.

By the end of the fourth quarter, Microsoft's commercial remaining performance obligations further increased to $678 billion, up 84% year-over-year. Excluding OpenAI, this metric grew 25% year-over-year. All new orders in the fourth quarter came from customers outside of frontier model companies. Including OpenAI, the weighted average duration of order balances was 2.3 years, with about 30% expected to be recognized as revenue within the next 12 months.

In fiscal 2026, Microsoft recognized a net gain of $6.5 billion from its OpenAI investment, primarily driven by equity dilution gains from OpenAI's restructuring as a public benefit corporation and subsequent financing. In comparison, Microsoft recognized a net loss of $4.8 billion from its OpenAI investment in fiscal 2025. After accounting for tax and other impacts, the OpenAI investment contributed $4.963 billion (33.6 billion yuan) to Microsoft's net profit for fiscal 2026, adding $0.67 to diluted earnings per share. Microsoft's full-year GAAP net profit was $133.749 billion. Excluding the impact of the OpenAI investment, adjusted net profit was $128.786 billion, up 22% year-over-year. In the fourth quarter alone, the OpenAI investment added $480 million to Microsoft's net profit and $0.07 to earnings per share, compared to a net loss of $1.575 billion and a loss of $0.21 per share in the same period last year.