OpenAI annualized revenue nears $70 billion, Axios reports

September 29, 2026 at 07:41 PM1 min

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OpenAI is on track to generate annualized revenue of nearly $70 billion, Axios reported Tuesday, citing unnamed people familiar with the matter. The ChatGPT maker was previously on pace for more than $40 billion in annualized revenue, Bloomberg News reported in August.

Key Facts

OpenAI's annualized revenue is nearly $70 billion, Axios reported on Tuesday.
Bloomberg News reported in August that OpenAI was on pace for more than $40 billion in annualized revenue.
OpenAI and Anthropic have both filed confidential paperwork to go public, with Anthropic expected to IPO as soon as this fall.
OpenAI has said it no longer expects to IPO this year, focusing on addressing safety concerns from its technology.

Revenue Acceleration

OpenAI's revenue has accelerated in recent months, driven in part by the growth of its AI coding software. The company is locked in a fierce battle with longtime rival Anthropic PBC to sign up more business customers. OpenAI's annualized revenue of nearly $70 billion reflects strong gains in business and consumer adoption.

IPO Plans

OpenAI and Anthropic have both filed confidential paperwork to go public. Anthropic is expected to IPO as soon as this fall. OpenAI has said it no longer expects to IPO this year, as it focuses on addressing safety concerns from its technology.