Hyperscaler revenue growth
This chart compares trailing-12-month revenue growth at Amazon, Microsoft, Alphabet, Meta, and Oracle. It uses whole-company SEC revenue and rebases every firm to the same starting quarter, making growth paths comparable while leaving differences in company size and business mix outside the chart.
What does it show?
Meta and Alphabet have posted the strongest revenue growth in this hyperscaler group since 2021.
Methodology
Quarterly whole-company revenue for Amazon, Microsoft, Alphabet, Meta, Oracle, from SEC companyfacts. Each observation sums the latest four reported fiscal quarters, then each company is independently rebased to 100 at the first quarter common to every displayed constituent. Only quarters available for all constituents are shown. The baskets are fixed editorial groupings, not investable indices, and whole-company revenue can include substantial activity outside the named theme. Acquisitions, divestitures, accounting changes, and differing fiscal calendars can affect comparisons.