• Innovation
• 12-Nov-2026
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OpenAI’s quarterly revenue reportedly crosses $10B for the first time

OpenAI’s revenue reportedly crossed $10 billion in the third quarter of 2026, marking its strongest quarterly performance yet. According to Bloomberg, the growth was driven by strong demand for the company’s latest AI models.

The reported figure represents an almost 50% increase from the $6.7 billion OpenAI generated in the second quarter. Its adjusted operating margin also improved, narrowing from -150% to -109%, suggesting that the company is making progress toward profitability.

OpenAI Gains Momentum Against Anthropic

Despite its growth, OpenAI has faced increasing competition from Anthropic, which has gained ground in the enterprise AI market.

Anthropic recently reported third-quarter revenue of $17 billion, significantly ahead of OpenAI’s reported quarterly performance. While OpenAI claims to have more than one billion users, many are believed to use its free or lower-priced subscriptions.

OpenAI is now placing greater emphasis on enterprise products and AI agents, alongside improved models, competitive pricing, and discounts to attract business customers.

OpenAI Reaches $50 Billion Revenue Run Rate

Bloomberg also reported that OpenAI has reached an annual revenue run rate of $50 billion.

Anthropic, meanwhile, announced that its annual revenue run rate had climbed to $81 billion by the end of October, increasing by $10 billion in just one month.

However, the companies calculate these figures differently. Anthropic includes sales generated by its cloud partners, while OpenAI reports only its share of certain partner sales.

Competition Across the AI Industry Continues

Both companies are competing in an increasingly crowded market. Major technology companies, including Google, Microsoft, Amazon, and Meta, are developing their own AI models.

They also face competition from open-source AI developers, particularly Chinese labs offering capable models at lower costs.

OpenAI’s latest revenue growth shows that demand remains strong, but maintaining its position will depend on how effectively it competes in both consumer and enterprise markets.

Stronger Enterprise Focus Drives Growth

OpenAI’s recent growth reflects a shift in strategy toward business customers. Alongside improving its models and adjusting prices, the company is developing enterprise-focused products and AI agents designed to help users complete tasks. These efforts could help OpenAI strengthen its position in a market where Anthropic has gained significant traction.

A Billion Users Does Not Mean a Billion Paying Customers

OpenAI says its platform has more than one billion users, giving it a significant advantage in consumer reach. However, a large portion of that audience is likely using free accounts or lower-priced subscriptions. Converting more of these users into paying customers, while expanding its enterprise business, remains an important part of OpenAI’s revenue growth strategy.