Various aspects of the disclosure relate to monitoring of resource usage in a virtualized environment, including usage of a physical processor that executes a virtual machine or an application of the virtualized environment. By monitoring physical computing resources (e.g., by number and type) that are used to execute a virtual machine or an application of the virtualized environment, a user may, for example, be informed as to when physical computing resources are used in excess or less than the limits set by the license. In some embodiments, additional actions may be taken to update the license to better satisfy the user's resource requirements or reduce the amount paid annually for ongoing technical services. To inform a user, or form the basis for the additional actions, a report may be generated that includes data describing how a virtual machine or application executed on the physical computing resources.