Microsoft与OpenAI的商业安排产生了100亿美元的收入，包括收入分享支付，9月30日结束的季度，称公司在星期三的监管存档。 这占Microsoft季度总收入923亿美元的近11%，这凸显了两家公司之间仍然存在的巨大金融联系，尽管它们日益争夺同样的客户。
(Microsoft的财政年度从7月开始，使得2026年9月30日结束的季度成为其2027年财政的第一季度。 )
整个2026财年，OpenAI的收入达到241亿美元。 根据最新的季度速度，Microsoft将每年从OpenAI相关安排中提取400亿美元。
Microsoft还报告，截至9月底，来自OpenAI的未清应收款为72亿美元，高于6月底的60亿美元。 这笔钱是前几次交易所欠的OpenAI，而不是额外收入。
Microsoft从OpenAI获得的收入中，有多少来自分享收入或Azure云计算服务，TechCrunch已联系外界了解更多信息。 2025年11月，TechCrunch以泄露文件为由报告，Microsoft在该年头9个月收到了OpenAI的8.658亿美元净收入分享付款。
据报道，OpenAI与Microsoft分享其20%的收入，作为之前一项交易的一部分，软件巨头在AI启动时投资超过130亿美元。 (AI实验室和Microsoft都没有公开确认这个百分比). 作为2026年4月协议的一部分，OpenAI在2030年之前与Microsoft互换收入，但受上限限制，即使OpenAI被允许与竞争的云供应商合作。
2025年10月，公司开始放松其一度排他性伙伴关系的联系，当时Microsoft放弃了对OpenAI的控股，让启动方有更多的自由与其他云供应商合作。 作为交换，OpenAI承诺另外购买2500亿美元的Azure服务，作为2025年10月协议的一部分。
Microsoft在OpenAI的所有权股份也略有下降，从6月的25%左右下降到9月的24%. 在2025年10月资本重组后，这一比例从大约27%逐渐下降。 Microsoft没有具体说明造成稀释的原因。
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Microsoft generated $10 billion in revenue from commercial arrangements with OpenAI, including revenue-sharing payments, in the quarter ended September 30, the company said in regulatory filing on Wednesday. That represents nearly 11% of Microsoft’s total quarterly revenue of $92.3 billion, highlighting the enormous financial ties that remain between the two companies even as they increasingly compete for the same customers.
(Microsoft’s financial year begins in July, making the quarter ended September 30, 2026 the first quarter of its fiscal 2027.)
For the full 2026 fiscal year, revenue from OpenAI hit $24.1 billion. At its latest quarterly pace, Microsoft would pull in $40 billion annually from OpenAI-related arrangements.
Microsoft also reported $7.2 billion in outstanding receivables from OpenAI at the end of September, up from $6 billion at the end of June. That money represents amounts OpenAI owes for previous transactions, not additional revenue.
It’s not clear how much of Microsoft’s revenue from OpenAI came from revenue-sharing payments or Azure cloud computing services. TechCrunch has reached out for more information. In November 2025, TechCrunch reported, citing leaked documents, that Microsoft had received $865.8 million in net revenue-sharing payments from OpenAI during the first nine months of that year.
OpenAI reportedly shares 20% of its revenue with Microsoft as part of a previous deal in which the software giant invested more than $13 billion in the AI startup. (Neither the AI lab nor Microsoft have publicly confirmed this percentage.) As part of an April 2026 agreement, OpenAI is on the hook to conitnue sharing revenue with Microsoft through 2030, subject to a cap, even as OpenAI is allowed to work with competing cloud providers.
The companies began loosening the ties of their once-exclusive partnership in October 2025, when Microsoft relinquished its hold on OpenAI to give the startup more freedom to partner with other cloud providers. In exchange, OpenAI committed to buying an additional $250 billion in Azure services as part of an October 2025 agreement.
Microsoft’s ownership stake in OpenAI has also declined slightly from about 25% in June to 24% in September. That continues a gradual decline from roughly 27% following the October 2025 recapitalization. Microsoft did not specify what caused the dilution.
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