| Stage | AMZN | % of rev | MSFT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $202B | 100.00% | $92.3B | 100.00% | AMZN ×2.19 |
| Gross profit | $77.4B | 38.31% | $62.6B | 67.79% | MSFT +29.5pp |
| Operating income | $28.1B | 13.90% | $45.9B | 49.76% | MSFT +35.9pp |
| Pre-tax income | $26.9B | 13.31% | $46.0B | 49.80% | MSFT +36.5pp |
| Net income | $20.7B | 10.24% | $36.6B | 39.69% | MSFT +29.5pp |
| Stage | AMZN | MSFT | Gap · A − B |
|---|---|---|---|
| Revenue | $202B100.00% | $92.3B100.00% | AMZN ×2.19 |
| Gross profit | 38.31%$77.4B | 67.79%$62.6B | MSFT +29.5pp |
| Operating income | 13.90%$28.1B | 49.76%$45.9B | MSFT +35.9pp |
| Pre-tax income | 13.31%$26.9B | 49.80%$46.0B | MSFT +36.5pp |
| Net income |
| 10.24%$20.7B |
| 39.69%$36.6B |
| MSFT +29.5pp |
AMZN · SWKS 10-KNov 7 '25
“Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Microsoft, Motorola, NETGEAR, Nokia, Northrop Grumman, OPPO, Rockwell Collins, Sagemcom, Samsung, Schneider Electric, Sierra Wireless, Sonos, Sony, Technicolor, Telit, Tesla, TP-Link, VIVO, and Xiaomi.”
MSFT · SWKS 10-KNov 7 '25
“Our key customers include Amazon, Apple Inc. ("Apple"), Arcadyan, Arris, Bose, Ciena, Cisco, Ericsson, Fibocom, Garmin, Gemalto (a Thales company), General Electric, Google, Honeywell, Itron, Lenovo, LG Electronics, Microsoft, Motorola, NETGEAR, Nokia, Northrop Grumman, OPPO, Rockwell Collins, Sagemcom, Samsung, Schneider Electric, Sierra Wireless, Sonos, Sony, Technicolor, Telit, Tesla, TP-Link, VIVO, and Xiaomi.”
AMZN · TWLO 10-KFeb 24 '26
“For example, we outsource a substantial majority of our cloud infrastructure to Amazon Web Services ("AWS"), which hosts our products and platform.”
MSFT · TWLO 10-KFeb 24 '26
“For example, in 2024 and 2025, Google, Yahoo and Microsoft began enforcing new email sender requirements aimed at sender authentication, including Domain-based Message Authentication, Reporting and Conformance ("DMARC") record requirements, requiring us to devote time and resources toward compliance efforts.”
AMZN · NTNX 10-KSep 24 '25
“NC2 extends the availability of our core HCI software and other solutions to AWS and to Microsoft Azure.”
MSFT · NTNX 10-KSep 24 '25
“NC2 extends the availability of our core HCI software and other solutions to AWS and to Microsoft Azure.”
AMZN · DT 10-KMay 20 '26
“We currently host our Dynatrace solutions on cloud infrastructure hyperscaler providers, such as AWS, Azure and GCP.”
MSFT · DT 10-KMay 20 '26
“We currently host our Dynatrace solutions on cloud infrastructure hyperscaler providers, such as AWS, Azure and GCP.”
AMZN · FROG 10-KFeb 13 '26
“For example, we currently partner with public cloud partners, AWS, Microsoft Azure, including Azure DevOps (Azure), and Alphabet Inc.'s Google Cloud ("Google Cloud").”
MSFT · FROG 10-KFeb 13 '26
“For example, we currently partner with public cloud partners, AWS, Microsoft Azure, including Azure DevOps (Azure), and Alphabet Inc.'s Google Cloud ("Google Cloud").”
AMZN · CG 10-KFeb 27 '26
“For example, systemic risks such as a massive and prolonged global failure of Amazon or Microsoft's cloud services could result in cascading catastrophic systems failures.”
MSFT · CG 10-KFeb 27 '26
“For example, systemic risks such as a massive and prolonged global failure of Amazon or Microsoft's cloud services could result in cascading catastrophic systems failures.”
AMZN · KTOS 10-KFeb 26 '25
“A representative list of non-government customers during 2024 included tier one, large U.S. Government contractors and system integrators such as Northrop Grumman, Lockheed Martin, General Dynamics, Raytheon Technologies, BAE Systems, and L3Harris, as well as Intelsat, Blue Halo, Microsoft, Amazon, Siemens, Rolls Royce, Boom, GE Aerospace and others.”
MSFT · KTOS 10-KFeb 26 '25
“A representative list of non-government customers during 2024 included tier one, large U.S. Government contractors and system integrators such as Northrop Grumman, Lockheed Martin, General Dynamics, Raytheon Technologies, BAE Systems, and L3Harris, as well as Intelsat, Blue Halo, Microsoft, Amazon, Siemens, Rolls Royce, Boom, GE Aerospace and others.”
AMZN · SNOW 10-KMar 20 '26
“Currently, a substantial majority of our business is run on the AWS public cloud.”
MSFT · SNOW 10-KMar 20 '26
“In addition, our platform currently operates on public cloud infrastructure provided by Amazon Web Services (AWS), Microsoft Azure (Azure), and Google Cloud Platform (GCP), and our costs and gross margins are significantly influenced by the prices we are able to negotiate with these public cloud providers, which in certain cases are also our competitors.”
AMZN · RGTI 10-KMar 4 '26
“Currently, our customer agreement with AWS remains in effect until (i) terminated for convenience, which we may do for any reason by providing AWS notice and closing our account and which AWS may do for any reason by providing us at least 30 days' notice or (ii) terminated for cause, which either party may do if the other party has an uncured material breach and which AWS may do immediately upon notice.”
MSFT · RGTI 10-KMar 4 '26
“We currently offer access to quantum computing as a service ("Quantum Computing as a Service" or "QCaaS"), both directly to our end users with our own Quantum Cloud Services ("QCS") and indirectly to end users through public cloud providers such as Amazon Braket ("AWS") and Microsoft Azure Quantum ("Azure"), who integrate our QCS into their own quantum computing platforms.”
AMZN · ACIW 10-KFeb 26 '26
“We have alliances with our technology partners Microsoft Corporation, Amazon, HPE, IBM, Red Hat, and Oracle, whose industry-leading hardware, software, and cloud-based infrastructure services are utilized by and in delivery of ACI's products.”
MSFT · ACIW 10-KFeb 26 '26
“We have alliances with our technology partners Microsoft Corporation, Amazon, HPE, IBM, Red Hat, and Oracle, whose industry-leading hardware, software, and cloud-based infrastructure services are utilized by and in delivery of ACI's products.”
AMZN · TENB 10-KFeb 24 '25
“For example, Tenable One is hosted on AWS which provides us with computing and storage capacity.”
MSFT · TENB 10-KFeb 24 '25
“See Note 7 to our consolidated financial statements for our required operating lease payments and Note 9 for our required payments to Microsoft and AWS for cloud services.”
AMZN · CELH 10-KMar 3 '25
“We have been growing our e-commerce sales by using Amazon and leveraging our retail partners e-commerce platforms, rather than building our own internal platform.”
MSFT · CELH 10-KMar 2 '26
“Our reliance on cloud service providers such as Amazon Web Services, Microsoft Azure and other third-party platforms exposes us to risks from service interruptions, outages or security failures outside of our control.”
AMZN · G 10-KFeb 26 '26
“We now have more than 7,000 AI builders and nearly 20,000 AI practitioners, with more than 9,000 external certifications awarded in 2025 through partner training programs, including Databricks, Microsoft, and AWS.”
MSFT · G 10-KFeb 26 '26
“We now have more than 7,000 AI builders and nearly 20,000 AI practitioners, with more than 9,000 external certifications awarded in 2025 through partner training programs, including Databricks, Microsoft, and AWS.”
AMZN · RBLX 10-KFeb 18 '25
“We rely on Amazon Web Services ("AWS") as a third-party provider for a portion of our backend services, including for some of our high-speed databases, scalable object storage, and message queuing services, as well as virtual cloud infrastructure.”
MSFT · RBLX 10-KFeb 18 '25
“For operations through console providers, such as Microsoft Xbox and Sony PlayStation, we are obligated to pay around 30% of any money paid by users on our Platform, and these amounts could also increase.”
AMZN · LRN 10-KAug 6 '25
“Our platform, along with our back-office support systems, runs on cloud infrastructure from Amazon Web Services ("AWS") and Microsoft Azure.”
MSFT · LRN 10-KAug 6 '25
“Our platform, along with our back-office support systems, runs on cloud infrastructure from Amazon Web Services ("AWS") and Microsoft Azure.”
AMZN · KRC 10-KFeb 13 '25
“18 Amazon.com (5) Seattle 12,921 340,705 1.6% 2.0% 2025 / 2030 4.3”
MSFT · KRC 10-KFeb 13 '25
“5 LinkedIn Corporation / Microsoft Corporation San Francisco Bay Area 26,142 587,429 3.3% 3.4% 2026 1.7”
AMZN · TDC 10-KFeb 27 '26
“As part of our strategy, our relationships with public cloud service providers, Amazon Web Services ("AWS"), Google Cloud, and Microsoft Azure , could impact our business.”
MSFT · TDC 10-KFeb 27 '26
“As part of our strategy, our relationships with public cloud service providers, Amazon Web Services ("AWS"), Google Cloud, and Microsoft Azure , could impact our business.”
AMZN · QTWO 10-KFeb 11 '26
“We operate our digital banking platform on third-party public cloud infrastructure, with Amazon Web Services, or AWS, and Microsoft Azure serving as our primary cloud providers.”
MSFT · QTWO 10-KFeb 11 '26
“We operate our digital banking platform on third-party public cloud infrastructure, with Amazon Web Services, or AWS, and Microsoft Azure serving as our primary cloud providers.”
AMZN · MDB 10-KMar 11 '26
“We outsource substantially all of the infrastructure relating to Atlas across AWS, Microsoft Azure and GCP to host our cloud offering.”
MSFT · MDB 10-KMar 11 '26
“We outsource substantially all of the infrastructure relating to Atlas across AWS, Microsoft Azure and GCP to host our cloud offering.”
AMZN · VISN 10-KFeb 26 '25
“We currently operate our cloud-dependent services using Amazon Web Service (AWS), Google Compute Engine (GCE) or Microsoft Azure (Azure).”
MSFT · VISN 10-KFeb 26 '25
“We currently operate our cloud-dependent services using Amazon Web Service (AWS), Google Compute Engine (GCE) or Microsoft Azure (Azure).”
AMZN · BILL 10-KAug 20 '26
“We also use public cloud hosting with Amazon Web Services (AWS).”
MSFT · BILL 10-KAug 20 '26
“To deliver a comprehensive solution, our platform integrates with popular software solutions including Intuit QuickBooks, Oracle NetSuite, Sage Intacct, Xero, and Microsoft Dynamics 365 Business Central, through APIs made available by these software providers.”
AMZN · FSLY 10-KFeb 26 '25
“We rely on third-party hosting services such as AWS, Google Cloud Platform, Microsoft (Azure), and other cloud providers that facilitate the offering of our platform.”
MSFT · FSLY 10-KFeb 26 '25
“We rely on third-party hosting services such as AWS, Google Cloud Platform, Microsoft (Azure), and other cloud providers that facilitate the offering of our platform.”
AMZN · DLB 10-KNov 18 '25
“Major streaming partners and services such as Netflix, Disney+, Apple TV, Amazon, HBO Max, Paramount+, and other streaming partners and services internationally, continue to enhance content in Dolby Vision and Dolby Atmos.”
MSFT · DLB 10-KNov 18 '25
“In October 2025, Microsoft and Google joined Via LA's HEVC/VVC patent pool as licensees.”
AMZN · PEGA 10-KFeb 10 '26
“We also generate a monthly software bill of materials that identifies open source included in certain of our product offerings and periodically have an independent security assessment firm evaluate the security risks linked to suppliers we use, including source code repositories, the infrastructure employed for software development, and the mechanisms used for software delivery, such as Amazon Web Services ("AWS"), Google Cloud, and Microsoft Azure.”
MSFT · PEGA 10-KFeb 10 '26
“We also generate a monthly software bill of materials that identifies open source included in certain of our product offerings and periodically have an independent security assessment firm evaluate the security risks linked to suppliers we use, including source code repositories, the infrastructure employed for software development, and the mechanisms used for software delivery, such as Amazon Web Services ("AWS"), Google Cloud, and Microsoft Azure.”
AMZN · SGHC 20-FApr 17 '26
“We currently use and may continue to use "cloud" computing services which are a form of computing infrastructure provided by third parties such as Amazon and Microsoft and as such are substantially not within our control and are subject to outages that we would not be able to prevent and would have significant difficulty mitigating should they occur.”
MSFT · SGHC 20-FApr 17 '26
“We currently use and may continue to use "cloud" computing services which are a form of computing infrastructure provided by third parties such as Amazon and Microsoft and as such are substantially not within our control and are subject to outages that we would not be able to prevent and would have significant difficulty mitigating should they occur.”
AMZN · DV 10-KFeb 26 '26
“● Demand-Side Platforms : Amazon, Google, The Trade Desk, Yahoo, Nexxen, Infillion, Adobe, StackAdapt”
MSFT · DV 10-KFeb 26 '26
“● Ad Servers and Ratings/Workflow Platforms : Innovid, Google, MediaOcean Prisma, Amazon and Microsoft”
AMZN · IONQ 10-KFeb 25 '26
“We currently make access to our quantum computers available through three major cloud platforms, Amazon Web Services', or AWS's, Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers via our own cloud service.”
MSFT · IONQ 10-KFeb 25 '26
“We currently make access to our quantum computers available through three major cloud platforms, Amazon Web Services', or AWS's, Braket, Microsoft's Azure Quantum and Google's Cloud Marketplace, and also to select customers via our own cloud service.”
AMZN · GTM 10-KFeb 12 '26
“These risks may be increased with respect to operations housed at facilities outside of our direct control, and the majority of the communications, network, and computer hardware used to operate the cloud for our platform are located at facilities maintained by Google or Amazon, which we do not own or control.”
MSFT · GTM 10-KFeb 12 '26
“Many of our customers use our integrations to access our data from within, or send data to, CRM, marketing automation, applicant tracking, sales enablement, and other systems, including Salesforce, Marketo, HubSpot, Microsoft Dynamics, Oracle Sales Cloud, and a variety of other commonly used tools.”
AMZN · RBRK 10-KMar 19 '26
“In addition, our data security and AI solutions operate on a public cloud infrastructure provided by third-party vendors, including Google Cloud ("GCP"), Microsoft Azure ("Azure"), and Amazon Web Services ("AWS"), and our costs and gross margins are significantly influenced by the prices we are able to negotiate with these public cloud providers.”
MSFT · RBRK 10-KMar 19 '26
“On occasion, we may form deeper strategic relationships, such as our partnership with Microsoft that extends from driving go-to-market activities to co-engineering projects to delivering integrated Zero Trust Data Security products built on Azure.”
AMZN · TREE 10-KMar 9 '26
“We depend on third-party cloud service providers, primarily Amazon Web Services ("AWS") and Microsoft Azure, to operate and scale our technology platforms and support critical business functions.”
MSFT · TREE 10-KMar 9 '26
“We depend on third-party cloud service providers, primarily Amazon Web Services ("AWS") and Microsoft Azure, to operate and scale our technology platforms and support critical business functions.”
AMZN · U 10-KFeb 11 '26
“Most of these companies are also our partners and customers.”
MSFT · U 10-KFeb 11 '26
“Most of these companies are also our partners and customers.”
AMZN · AIOT 10-KJun 15 '26
“We provide the use of our systems as a remotely hosted service, with the system server and application software residing in our colocation center or on a cloud platform provider's infrastructure (e.g., Azure, AWS).”
MSFT · AIOT 10-KJun 15 '26
“We provide the use of our systems as a remotely hosted service, with the system server and application software residing in our colocation center or on a cloud platform provider's infrastructure (e.g., Azure, AWS).”
AMZN · GLXY 10-KFeb 26 '26
“For instance, we rely on computing infrastructure operated by Amazon Web Services ("AWS") and Microsoft Azure ("Azure") to host or operate some or all of certain key products or functions of our business.”
MSFT · GLXY 10-KFeb 26 '26
“For instance, we rely on computing infrastructure operated by Amazon Web Services ("AWS") and Microsoft Azure ("Azure") to host or operate some or all of certain key products or functions of our business.”
AMZN · YEXT 10-KMar 10 '26
“We have established strategic relationships with over 200 third-party service and application providers that comprise our Publisher Network, including Amazon Alexa, Apple, Bing, Facebook, Gemini, Google, OpenAI, and Yelp and many others.”
MSFT · YEXT 10-KMar 10 '26
“We have established strategic relationships with over 200 third-party service and application providers that comprise our Publisher Network, including Amazon Alexa, Apple, Bing, Facebook, Gemini, Google, OpenAI, and Yelp and many others.”
AMZN · GDYN 10-KMar 5 '26
“Collaboration with hyperscalers, including Google Cloud, AWS, Microsoft Azure, and AI leaders like NVIDIA and Temporal Technologies, creates a flywheel effect that accelerates sales cycles and enables differentiated solutions.”
MSFT · GDYN 10-KMar 5 '26
“Collaboration with hyperscalers, including Google Cloud, AWS, Microsoft Azure, and AI leaders like NVIDIA and Temporal Technologies, creates a flywheel effect that accelerates sales cycles and enables differentiated solutions.”
AMZN · ZIP 10-KFeb 25 '26
“We rely on Amazon Web Services, or AWS, to host our marketplace and other service providers for certain critical business processes, and any disruption of service from AWS or other critical service providers or material change to our arrangement with AWS or other critical service providers could adversely affect our business.”
MSFT · ZIP 10-KFeb 25 '26
“We also use our Investor Relations page on our website at www.ziprecruiter.com, press releases, public conference calls, public webcasts, X feed (@ZipRecruiter), Facebook page, and LinkedIn page as means of disclosing material information and for complying with our disclosure obligations under Regulation FD.”
AMZN · ESTC 10-KJun 8 '26
“We make our platform available as a service across major cloud providers (consisting of Amazon Web Services ("AWS"), Google Cloud Platform ("GCP"), and Microsoft Azure ("Azure")) in more than 55 public cloud regions globally.”
MSFT · ESTC 10-KJun 8 '26
“We make our platform available as a service across major cloud providers (consisting of Amazon Web Services ("AWS"), Google Cloud Platform ("GCP"), and Microsoft Azure ("Azure")) in more than 55 public cloud regions globally.”
AMZN · RNG 10-KFeb 27 '26
“We also utilize Amazon's and Google's public cloud services, and for the foreseeable future, we expect to increase our utilization of such services.”
MSFT · RNG 10-KFeb 27 '26
“RingCentral seamlessly embeds into Microsoft Teams, providing reliable, global enterprise-grade phone, SMS, fax, and customer experience solutions — without requiring a Teams Phone license.”
AMZN · VERI 10-KApr 15 '26
“Amazon has decreased from generating 25% of net revenues in fiscal year 2022 to less than 1% and 4% of our net revenues in fiscal years 2024 and 2025, respectively.”
MSFT · VERI 10-KApr 15 '26
“These deployment models include fully cloud-based options hosted by us today in AWS and Microsoft Azure ("Azure") commercial and secure government cloud environments; on-premises options, which allow users to utilize aiWARE's cognitive processing and certain other capabilities in their controlled environment; and hybrid cloud/on-premises options, which give users of our on-premises capabilities the option to also connect to our services in the cloud, either to provision additional services to run within their controlled environment, or to use our additional cloud-based services to process data, search and analyze the results.”
AMZN · INGM 10-KMar 3 '26
“Vendors on the platform include Proofpoint, Amazon Web Services, Microsoft, Cisco and Adobe.”
MSFT · INGM 10-KMar 3 '26
“Our vendors include many of the largest tech companies, including Advanced Micro Devices, Apple, Amazon Web Services (AWS), Cisco, Dell Technologies, Hewlett Packard Enterprise, HP Inc., Lenovo, Microsoft, NVIDIA and Super Micro Computer.”
AMZN · OTEX 10-KAug 6 '26
“We work with AWS to deploy our cloud solutions on AWS infrastructure to meet client demand.”
MSFT · OTEX 10-KAug 6 '26
“Our development of our software products and services depends on the stability, functionality and scalability of underlying third-party infrastructure software, such as operating systems, databases and middleware produced by Oracle, Microsoft and others.”
AMZN · BRR 10-KFeb 18 '26
“also rely on cloud infrastructure providers, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform, for a significant”
MSFT · BRR 10-KFeb 18 '26
“also rely on cloud infrastructure providers, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform, for a significant”
AMZN · CAST 10-KSep 28 '26
“We utilize the services of third-party cloud computing providers, more specifically, Amazon Web Services.”
MSFT · CAST 10-KSep 28 '26
“The product is also marketed through traditional pay-per-click, social and online advertising networks such as Google Adwords, Bing, Facebook, Twitter, and others, along with organic search engine optimization, or SEO, methods.”
AMZN · DHX 10-KFeb 12 '26
“We primarily utilize Amazon Web Services (AWS) as our cloud infrastructure platform, which enables us to scale our computer network and storage capacity on an as-needed basis.”
MSFT · DHX 10-KFeb 12 '26
“As of December 31, 2025 notable customers of the ClearanceJobs and Dice businesses included AT&T, Adecco, CACI, Cisco, Capital One, General Dynamics, Kforce, Microsoft, and Northrop Grumman.”
AMZN · INUV 10-KMar 5 '26
“Our hosted solutions are provided from geographically distributed facilities across the United States, complemented by on-demand services from third-party cloud providers, Microsoft Azure and Amazon Web Services (AWS), to support business continuity and enhance operational resilience.”
MSFT · INUV 10-KMar 5 '26
“Our hosted solutions are provided from geographically distributed facilities across the United States, complemented by on-demand services from third-party cloud providers, Microsoft Azure and Amazon Web Services (AWS), to support business continuity and enhance operational resilience.”
AMZN · CXAI 10-KMar 30 '26
“Strategic Partnerships We have established strategic relationships with leading cloud providers, including Google Cloud, Microsoft Azure, and Amazon Web Services.”
MSFT · CXAI 10-KMar 30 '26
“Strategic Partnerships We have established strategic relationships with leading cloud providers, including Google Cloud, Microsoft Azure, and Amazon Web Services.”