OpenAI Expects $70 Billion in Annualized Revenue by End of 2026

According to people familiar with the matter, OpenAI is projecting a significant increase in its annualized revenue, expecting to reach or exceed $70 billion by the end of 2026. This growth is largely driven by expansion in its enterprise business.

The company’s current annualized revenue stands at around $50 billion as of September, representing a projection based on sales over a shorter period. OpenAI shared this information with investors during discussions for its latest fundraising effort, which has been shrouded in secrecy due to the sensitive nature of private financial dealings.

OpenAI is reportedly seeking to raise an additional $30 billion or more at a valuation of approximately $1.4 trillion before incorporating new funds into its balance sheet. This figure was first reported by Bloomberg in September and marks another significant milestone for the company’s fundraising efforts, which have been ongoing throughout 2026.

The concept of annualized revenue has become increasingly important in the AI industry, with companies like OpenAI and Anthropic touting it as a key growth metric. However, not all firms measure this figure using identical methods, leading to discrepancies between reported numbers. For instance, Anthropic’s annualized revenue reached $65 billion by July 2026, according to previous Bloomberg reports.

The discrepancy in OpenAI’s projected annualized revenue and earlier estimates has been attributed to differences in accounting practices used by the company and its investors. Specifically, some outlets had previously suggested that OpenAI was already projecting nearly $70 billion in annualized revenue based on investor estimates, but this figure appears to be lower than initially thought due to variations in how sales from cloud providers are accounted for.