Key facts
- Bloomberg reported OpenAI's quarterly revenue crossed $10 billion for the first time, citing anonymous sources.
- The reported figure is an almost 50% jump from the $6.7 billion in second-quarter sales the company reportedly recorded.
- OpenAI's adjusted operating margin narrowed to -109% in the third quarter from -150% in the second, the report said.
- Bloomberg reported OpenAI reached an annual revenue run rate of $50 billion.
- Anthropic said its annual revenue run rate rose by $10 billion within a month to $81 billion as of the end of October.
- The two companies calculate annualized revenue differently: Anthropic counts cloud partner sales, OpenAI reports only its share of some partner sales.
OpenAI's quarterly revenue crossed $10 billion for the first time, Bloomberg reported on November 11, 2026, citing anonymous sources. The figure would be an almost 50% jump from the $6.7 billion in sales the company reportedly recorded in the second quarter, and a faster growth rate than the roughly 18% reported between the first and second quarters.
The report also said OpenAI's adjusted operating margin narrowed to -109% in the third quarter from -150% in the second, and that the company reached an annual revenue run rate of $50 billion.
OpenAI has lagged rival Anthropic in selling to enterprises. Anthropic said on November 10, 2026 that its annual revenue run rate rose by $10 billion within a month to $81 billion as of the end of October, and it is seeking a $1.4 trillion valuation in an IPO the report said is likely to happen soon.
The two companies calculate annualized revenue differently: Anthropic counts sales made by its cloud partners, while OpenAI reports only its share of some sales through its partners. Both compete with models from Meta, Amazon, Microsoft and Google, and with cheaper open-source models, especially from China.