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

AxiosSeptember 29, 2026en

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 cl

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