Microsoft Vs. AWS Vs. Google Cloud Q3 2025 Earnings Face-Off

Here are AWS, Microsoft Azure and Google Cloud’s third-quarter 2025 financial results in terms of revenue, sales growth, operating income and more.

Microsoft, Amazon Web Services and Google Cloud all saw their cloud sales continue to soar during the third quarter of 2025, with a combined $79 billion in total revenue.

All three tech giants and cloud hyperscalers reported their quarterly financial earnings results for the third quarter of 2025 last week.

CRN breaks down each company’s total cloud revenue, cloud sales growth year over year, operating income and parent company results for Q3 2025, along with important remarks made by Amazon CEO Andy Jassy, Microsoft CEO Satya Nadella and Google CEO Sundar Pichai.

AWS Vs. GCP Vs. Azure

Google Cloud, Microsoft and AWS earnings for the third quarter of 2025 are mostly based off total sales from each of the company’s major platforms: Google Cloud Platform (GCP), Microsoft Azure and AWS Cloud.

All three cloud providers have injected a significant amount of AI throughout Azure, GCP and AWS over the past several years. This means that many of these vendors’ cloud sales include revenue from AI products and capabilities.

Microsoft does not make public its exact Azure revenue figures. Instead, Azure sales are included inside Microsoft’s Intelligent Cloud group, which also includes server products and other non-Azure cloud services. It does not include productivity sales, such as from Office 365, or sales from PCs like Windows. Microsoft’s first-quarter 2026 results are in the same three-month span as calendar year third-quarter 2024, which ended September 30.

Here are the financial results for Microsoft Azure, Google Cloud and AWS in terms of total revenue, year over year sales growth, operating income and parent company revenue for the third quarter of 2025.

Third-Quarter Total Sales/Annual Run Rate

AWS: $33 billion/$132 billion

Microsoft: $30.9 billion/$123 billion

Google Cloud: $15.2 billion/$61 billion

AWS’ total revenue hit $33 billion in the third quarter of 2025. That means Amazon’s cloud business is currently at a roughly $132 billion annual run rate.

Microsoft’s Intelligent Cloud group generated $30.9 billion in total sales during the quarter. Microsoft’s cloud group now has an annual run rate of approximately $123 billion.

Google Cloud’s total sales of $15.2 billion means Google’s cloud group now has an annual run rate of nearly $61 billion.

Third-Quarter Sales Growth Year Over Year

Google Cloud: 34 percent

Microsoft: 28 percent

AWS: 20 percent

In terms of sales growth rate, Google Cloud continues to outpace AWS and Microsoft.

Google Cloud’s $15.2 billion in third-quarter 2025 sales represents a 34 percent increase compared with $11.3 billion in revenue it made in third quarter 2024.

Microsoft’s Intelligent Cloud group’s $30.9 billion in sales represents a 28 percent growth compared with $24 billion year over year. Microsoft said Azure and other cloud services revenue grew by 40 percent year over year.

AWS’ $33 billion in total sales represents a 20 percent increase compared with the $27.5 billion AWS generated in the third quarter of 2024.

Third-Quarter Operating Income

Microsoft: $13.4 billion

AWS: $11.4 billion

Google Cloud: $3.6 billion

Microsoft’s Intelligent Cloud group reported operating income of $13.4 billion for the quarter, up 27 percent compared with $10.5 billion year over year.

AWS’ operating income increased to $11.4 billion in third quarter 2025, up 10 percent compared with $10.4 billion year over year.

Google Cloud generated a record $3.6 billion in operating income for third quarter 2025, up 85 percent from $1.9 billion year over year.

AWS Parent Company Results

Amazon revenue: $180 billion

Amazon operating income: $19.2 billion

AWS parent company Amazon generated $180 billion in the third quarter, representing a sales increase of 12 percent year over year.

Amazon reported $17.4 billion in operating income, with AWS representing $11.4 billion of its parent company’s operating income.

“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20 percent year over year. We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity—adding more than 3.8 gigawatts in the past 12 months,” said CEO Andy Jassy during Amazon’s third-quarter 2025 earnings report.

Google Cloud Parent Company Results

Alphabet revenue: $102 billion

Alphabet operating income: $31.2 billion

Google Cloud parent Alphabet generated $102 billion in revenue, up 16 percent year over year.

Operating income for the third quarter was $31.2 billion, an increase from $28.5 billion in third-quarter 2024.

“Our full stack approach to AI is delivering strong momentum and we’re shipping at speed, including the global rollout of AI Overviews and AI Mode in Search in record time,” said Alphabet CEO Sundar Pichai during its Q3 earnings report.

“In addition to topping leaderboards, our first party models, like Gemini, now process 7 billion tokens per minute, via direct API use by our customers. The Gemini App now has over 650 million monthly active users,” Pichai said. “Google Cloud accelerated, ending the quarter with $155 billion in backlog.”

Microsoft revenue: $78 billion

Microsoft operating income: $38 billion

Microsoft generated nearly $78 billion in revenue during the quarter, up 18 percent year over year.

The software giant’s operating income was $38 billion in third-quarter 2025, representing an increase of 24 percent year over year.

“Our planet-scale cloud and AI factory, together with Copilots across high value domains, is driving broad diffusion and real-world impact,” said Microsoft CEO Satya Nadella during the company’s Q3 earnings report. “It’s why we continue to increase our investments in AI across both capital and talent to meet the massive opportunity ahead.”