Scoop: OpenAI's annual recurring revenue nears $70B

Scoop: OpenAI's annual recurring revenue nears $70B

*
* Newsletters
*
* Axios Pro
* Axios Live
* The Axios Show

Axios

Axios

50 mins ago - Business

Scoop: OpenAI's annual recurring revenue nears $70B

* Madison Mills

*
*
*

Add Axios on Google

Add Axios as your preferred source to

see more of our stories on Google.

Add Axios on Google

!Illustration of a hundred dollar bill featuring numbers in binary code

*Illustration: Sarah Grillo/Axios. Stock: Getty Images*

OpenAI's annual recurring revenue is nearing $70 billion, as enterprise sales more than doubled since July, sources familiar with the financials tell Axios.

**Why it matters:** Rival Anthropic has owned enterprise AI adoption, but OpenAI has been catching up.

**By the numbers:** OpenAI's annualized revenue run rate has grown more than 70% since the beginning of the third quarter, reaching almost $70 billion.

* Its business-to-business revenue has grown more than 100% over the same period.

* On the consumer side, OpenAI added more revenue during the third quarter than it added during all of 2025.

**The big picture:** The growth comes as OpenAI and Anthropic prepare for IPOs, which would give investors the clearest look yet at both the revenue opportunity and extraordinary spending driving their growth.

* Anthropic's revenue grew twelvefold to nearly $4.6 billion in 2025, according to an IPO prospectus seen by Reuters.
* But its growth has skyrocketed since then, hitting an annualized total of about $65 billion in July and continuing to surge, according to figures in The New York Times and elsewhere.
* Anthropic's prospectus also shows it has $518 billion in future cloud, computing and infrastructure obligations, according to Reuters.

**The intrigue:** As part of that prospectus, Anthropic warned investors that its technology could pose "existential risk" to humanity.

* This comes after Axios reported top AI labs are investigating tens of thousands of incidents in which their technology took steps reasonable researchers would describe as problematic.

**Reality check:** Axios could not immediately learn details about OpenAI's expenses, which is important context in relation to their business growth.

*
*
*

Add Axios on Google

What to read next

*
*
*
*
*
*

Smarter, faster on what matters.

Explore Axios Newsletters

* About Axios
* Advertise with us
* Careers
* Contact us

* Newsletters
* Axios Live
* Axios HQ

* Privacy policy
* Terms of use
*

Axios Homepage

Axios Media Inc., 2026