Filing Flows › Chains › AI revenue: clouds & software
AI revenue: clouds & software The other side of the capex: cloud revenue at the providers that are spending, and the software companies selling AI to businesses.
14 companies, $536.2B of revenue in the last twelve months. Trailing twelve months to Sep 30, 2026, from SEC filings.
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The money-flow chart (open the interactive one above). AI revenue: clouds & software: the largest companies by revenue in the chain AI revenue: clouds & software: the largest companies by revenue in the chain AMZN · Amazon.com $161.4B MSFT · Microsoft $137.8B GOOGL · Alphabet $93.2B CRM · Salesforce $43.9B ADBE · Adobe $26.0B ORCL · Oracle $22.1B NOW · ServiceNow $15.4B APP · AppLovin $7.6B CRWV · CoreWeave $7.6B PLTR · Palantir $7.3B SNOW · Snowflake $5.4B DDOG · Datadog $4.3B MDB · MongoDB $2.8B NBIS · Nebius N.V $1.4B The theme quarter by quarter AI revenue: clouds & software: the chain's revenue by calendar quarter AI revenue: clouds & software: the chain's revenue by calendar quarter $99.6B Q4 2023 $94.4B Q1 2024 $98.0B Q2 2024 $101.9B Q3 2024 $112.3B Q4 2024 $106.0B Q1 2025 $113.1B Q2 2025 $118.4B Q3 2025 $130.1B Q4 2025 $126.6B Q1 2026 $137.4B Q2 2026 $139.0B Q3 2026 Each supplier's quarterly revenue scaled by the share of it this chain takes (its attributed share of the trailing twelve months), summed; 12 companies in the latest quarter, +17% against a year earlier. Companies AMZN Amazon.com $161.4B · AWS MSFT Microsoft $137.8B · Intelligent Cloud GOOGL Alphabet $93.2B · Google Cloud CRM Salesforce $43.9B · total revenue ADBE Adobe $26.0B · total revenue ORCL Oracle $22.1B · Cloud Infrastructure NOW ServiceNow $15.4B · total revenue APP AppLovin $7.6B · total revenue CRWV CoreWeave $7.6B · total revenue PLTR Palantir $7.3B · total revenue SNOW Snowflake $5.4B · total revenue DDOG Datadog $4.3B · total revenue MDB MongoDB $2.8B · total revenue NBIS Nebius N.V $1.4B · total revenue 