OpenAI's Revenue Exceeds $40 Billion Ahead of IPO, Doubling Since Late 2025

OpenAI's annualized revenue has exceeded $40 billion, nearly doubling since the end of 2025, according to Bloomberg sources. The growth was driven by AI coding tools, subscription services, and advertising, with sales accelerating due to higher demand for AI agents such as Codex for programming and ChatGPT Work. To attract customers, OpenAI has reduced prices on some models to compete with Anthropic and Chinese developers. In July, the annualized revenue growth rate surpassed 20% month-over-month, as announced by co-founder and president Greg Brockman. CFO Sarah Friar previously stated the company finished last year with over $20 billion in annual revenue. OpenAI filed a confidential IPO application in June, with a possible listing in September 2026, though CEO Sam Altman's insistence on a $1 trillion valuation could push it to 2027. The company's last private valuation was $730 billion. Anthropic also filed confidentially for an IPO in June, with a valuation of $965 billion and annual revenue exceeding $47 billion.