HomeAI Dividend: Growth Dollars, Share of Growth, AI Revenue
Cloud Revenue Added Year Over Year ($B/Quarter): the AI Dividend in Dollars
Cloud Revenue Added Year Over Year ($B/Quarter): the AI Dividend in Dollars#
Revenue the three public clouds add each quarter went from about $6B in 2Q23 to about $31B in 2Q26. That is the AI dividend in dollars.Draft, pending review
How to read this chart
Increment = this quarter's revenue minus the same quarter last year. The combined increment grew from about $6B in 2Q23 to about $31B in 2Q26, the most direct revenue evidence that AI investment is paying off. Azure is an estimated series, so the total differs slightly from outside reports.
Source: Company filings and earnings calls; FinSight compilation and estimates · Updated 2026-09-03
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