OpenAI Revenue and Valuation Statistics (October 2026)

OpenAI's annualized revenue was about $50 billion in October 2026, according to Axios. OpenAI made $13.07 billion in revenue in 2025, according to leaked audited accounts reported by Fortune.

As of October 2026, OpenAI is valued at $852 billion, and it's in talks to raise new money at about $1.4 trillion.

OpenAI, the maker of ChatGPT, is still losing billions of dollars a quarter. And it's preparing for an IPO, which Sam Altman says won't happen until 2027 at the earliest.

In this article, we'll break down OpenAI's revenue, losses, valuation, funding and users, and what the numbers mean for investors.

Top OpenAI Statistics

• OpenAI's annualized revenue was about $50 billion in October 2026, up from more than $20 billion at the end of 2025 (Axios, OpenAI)
• OpenAI made $13.07 billion in revenue in 2025, up from $3.7 billion in 2024 (leaked audited accounts, via Fortune, June 2026)
• OpenAI's Q2 2026 revenue was $6.7 billion, with an operating loss of $12.3 billion (The Wall Street Journal, August 2026)
• OpenAI was valued at $852 billion after its $122 billion funding round in March 2026 (OpenAI)
• ChatGPT had 1.2 billion weekly users in September 2026 (OpenAI)
• Chatgpt.com received 5.32 billion visits in June 2026, making it the 5th most visited website in the world (Semrush)
• Searches for "OpenAI" grew 200% between October 2024 and September 2026 (Exploding Topics)

How Much Revenue Does OpenAI Make?

OpenAI's annualized revenue run rate was about $50 billion in October 2026. Its booked revenue for 2025 was $13.07 billion.

OpenAI usually shares its growth as a run rate. A run rate is current revenue projected over a full year, so it shows momentum rather than revenue already earned.

OpenAI's run rate passed $20 billion by the end of 2025, according to OpenAI CFO Sarah Friar, as reported by Reuters. It topped $25 billion at the end of February 2026, according to The Information.

OpenAI's growth then sped up. Its run rate passed $40 billion over the summer, according to Bloomberg, and was about $50 billion in October, according to Axios.

Some reports in September put OpenAI's run rate at nearly $70 billion. That figure was an estimate prepared for investors using Anthropic's accounting method, which counts the full value of sales made through cloud partners. OpenAI counts only its own share of some partner sales.

Here's how OpenAI's run-rate revenue has grown, from the end of 2024 to October 2026:

Date	Run-Rate Revenue
End of 2024	~$6 billion
June 2025	$10 billion
End of 2025	$20 billion+
End of February 2026	$25 billion+
Summer 2026	$40 billion+
October 2026	~$50 billion

For investors, the run rate shows momentum, not booked revenue. OpenAI's run rate at the end of 2025 (more than $20 billion) was well above the revenue it booked that year ($13.07 billion).

What Was OpenAI's Revenue in 2025 and 2026?

OpenAI made $13.07 billion in revenue in 2025, according to leaked audited accounts first published by Ed Zitron and reported by Fortune. That's about 3.5x its 2024 revenue of $3.7 billion.

OpenAI's quarterly revenue is still climbing. OpenAI made $5.7 billion in Q1 2026 and $6.7 billion in Q2 2026, according to The Wall Street Journal. That's growth of 18% from one quarter to the next.

Period	OpenAI Revenue
2024	$3.7 billion
2025	$13.07 billion
Q1 2026	$5.7 billion
Q2 2026	$6.7 billion

OpenAI expects to make about $36 billion in revenue in 2026, according to a company presentation seen by the Financial Times. That would be nearly 3x its 2025 revenue.

Where Does OpenAI's Revenue Come From?

Businesses are now OpenAI's biggest source of revenue. Enterprise customers made up more than 40% of OpenAI's revenue in March 2026, up from 30% a year earlier, according to OpenAI. By August 2026, enterprise revenue had overtaken consumer revenue, CFO Sarah Friar told investors, according to CNBC.

Consumer subscriptions are the other big stream. ChatGPT had 50 million paying subscribers in February 2026, according to TechCrunch.

Advertising is the newest source of revenue. ChatGPT ads launched in the US in February 2026, and reached a $1 billion annualized run rate in less than 200 days, according to OpenAI, as reported by MediaPost.

For investors, ads and enterprise sales matter because they spread OpenAI's revenue beyond consumer subscriptions.

Is OpenAI Profitable?

OpenAI is not profitable. OpenAI made an operating loss of $20.92 billion in 2025, up from $8.78 billion in 2024, according to leaked audited accounts reported by Fortune.

OpenAI's losses are shrinking compared with its sales. OpenAI spent $1.60 for every $1 of revenue in 2025, down from $2.37 in 2024, according to Fortune.

OpenAI's quarterly losses are still growing. Its operating loss, including stock-based pay, was $12.3 billion in Q2 2026, up from $9.3 billion in Q1, according to The Wall Street Journal.

OpenAI expects negative free cash flow of $278 billion from 2026 to 2030, according to the Financial Times. Over the same period, OpenAI expects to spend about $856 billion on computing power and infrastructure.

For investors, compute spending is the figure to watch. OpenAI's plan depends on revenue growing fast enough to pay for it.

For more on whether AI spending can pay off, see our AI bubble statistics.

What Is OpenAI's Valuation?

As of October 2026, OpenAI is valued at $852 billion, following its $122 billion funding round in March 2026.

OpenAI's valuation is up from $300 billion in March 2025, according to CNBC. That's nearly 3x in a year.

OpenAI is now in talks to raise $30 billion or more at a valuation of about $1.4 trillion, before the new money, according to Bloomberg.

Here's how OpenAI's valuation has grown, from March 2025 to August 2026:

Deal	Date	Amount	Valuation	Key Investors
Funding round	March 2025	$40 billion	$300 billion	SoftBank
Employee share sale	October 2025	$6.6 billion	$500 billion	Thrive, SoftBank, Dragoneer, MGX, T. Rowe Price
Funding round	March 2026	$122 billion	$852 billion	SoftBank, Amazon, Nvidia, Microsoft
Employee share sale	August 2026	~$7 billion	$852 billion	Bought back by OpenAI

OpenAI's biggest backers include SoftBank, Amazon, Nvidia and Microsoft.

Microsoft held a stake of roughly 27% after OpenAI's restructuring in October 2025, according to Microsoft. That was before the March 2026 round.

When Will OpenAI Go Public?

OpenAI announced in June 2026 that it had confidentially submitted a draft IPO filing to the SEC, according to OpenAI. In September 2026, CEO Sam Altman ruled out going public in 2026, according to Bloomberg.

OpenAI's $852 billion valuation is about 17x its annualized revenue of about $50 billion. A $1.4 trillion valuation would be about 28x.

For comparison, see our list of decacorn companies.

How Many People Use ChatGPT?

ChatGPT had 1.2 billion weekly users in September 2026, according to OpenAI.

That's up from 900 million weekly users in February 2026, according to TechCrunch, and 800 million in October 2025, according to TechCrunch.

For investors, the gap between users and payers is the opportunity. In February 2026, OpenAI had 50 million paying subscribers, against 900 million weekly users.

For more, see our guide to ChatGPT users.

How Much Traffic Does ChatGPT.com Get?

Chatgpt.com received 5.32 billion visits in June 2026, from 712.9 million unique visitors, according to Semrush. That makes chatgpt.com the 5th most visited website in the world.

Chatgpt.com's June 2026 traffic was 12.8% higher than in June 2025, when it received 4.72 billion visits.

For comparison, claude.ai received 968 million visits in June 2026. Chatgpt.com received about 5.5x as many.

Chatgpt.com visitors stay a long time. The average visit lasts 12 minutes and 43 seconds, and 77.50% of visits come from desktop devices.

Website traffic is a quick way to track ChatGPT's growth between OpenAI's announcements. You can follow it month by month in Semrush Traffic Analytics, and compare it with Claude, Gemini or any other AI tool. For the latest monthly figures, see Exploding Topics' chatgpt.com traffic page.

ChatGPT.com Top Marketing Channels

81.82% of chatgpt.com visits are direct. Organic search is the second-biggest source of traffic, at 10.00%.

Here's a breakdown of chatgpt.com's top marketing channels in June 2026:

Rank	Marketing Channel	Proportion of Traffic
1	Direct	81.82%
2	Organic Search	10.00%
3	Referral	4.05%
4	Paid Search	2.72%
5	Social	0.73%

ChatGPT.com Traffic by Country

The US accounts for the largest share of chatgpt.com traffic (18.16%), more than twice India's share (8.54%).

Here's the breakdown of chatgpt.com traffic by country in June 2026:

Rank	Country	Proportion of Traffic
1	US	18.16%
2	India	8.54%
3	Brazil	5.87%
4	Germany	3.81%
5	Japan	3.47%

Figures above are for June 2026.

How Does OpenAI Compare With Anthropic?

Anthropic's preliminary Q2 2026 revenue (more than $11.5 billion) was ahead of OpenAI's ($6.7 billion). According to The Wall Street Journal, it was the first time Anthropic's quarterly revenue topped OpenAI's.

Run-rate figures are hard to compare, because the two companies count revenue from cloud partners differently. Anthropic counts the full amount a customer pays through a cloud provider, then lists the provider's share as a cost. OpenAI counts only its own share of some partner sales.

OpenAI's annualized revenue was about $50 billion in October 2026, according to Axios. Anthropic's was $65 billion at the end of July, according to CNBC.

Here's how the two AI companies compare:

Metric	OpenAI	Anthropic
Q2 2026 revenue	$6.7 billion	$11.5 billion+ (preliminary)
Latest run rate	~$50 billion (October 2026)	$65 billion (end of July 2026)
2025 revenue	$13.07 billion	~$4.6 billion
Latest private valuation	$852 billion (March 2026)	$965 billion (May 2026)
Website visits (June 2026)	5.32 billion (chatgpt.com)	968 million (claude.ai)

OpenAI and Anthropic count cloud partner sales differently, so their run rates aren't a like-for-like comparison.

Chatgpt.com gets about 5.5x as many website visits as claude.ai. Website visits mostly reflect consumer use, though. Businesses now make up most of OpenAI's revenue, according to CNBC.

To compare ChatGPT with other AI models, see our list of large language models and our roundup of ChatGPT alternatives.

What Does Search Data Say About OpenAI?

Exploding Topics data shows that searches for "OpenAI" grew 200% between October 2024 and September 2026, peaking at 16.7 million a month in June 2026, according to Exploding Topics.

Here's how monthly search interest in OpenAI and related topics has changed, according to Exploding Topics data:

Search Term	October 2024	Peak	September 2026	2-Year Change
OpenAI	1.7M	16.7M (June 2026)	5.0M	+200%
OpenAI API	76.9K	1.5M (June 2026)	246K	+220%
Sora	784K	8.7M (October 2025)	1.2M	+56%
Anthropic	168K	5.6M (June 2026)	2.7M	+1,533%

Search interest in OpenAI cooled over the summer of 2026. Searches for "OpenAI" fell 70% between June and September 2026. Searches for the non-AI topics we checked held steady or rose from July to September 2026, so the drop isn't a quirk of the data.

Searches for "Anthropic" grew much faster than searches for "OpenAI" over two years, from a far smaller base.

For investors, search interest is an early signal of demand. Exploding Topics tracks fast-growing AI startups like OpenAI. Here are some of the fastest-growing AI startups right now:

What's Next for OpenAI?

OpenAI expects revenue to rise from about $36 billion in 2026 to $350 billion in 2030, according to the Financial Times.

OpenAI's next funding round and IPO will test that plan. The round under discussion would value OpenAI at about $1.4 trillion, and Sam Altman has ruled out an IPO in 2026.

OpenAI's IPO filing will give the first full public view of its finances, so we'll update this page when it's released.

How We Compiled These Statistics

We use OpenAI's own announcements first, then news reporting from outlets such as Reuters, Bloomberg, The Wall Street Journal and the Financial Times. Search figures come from Exploding Topics, and website traffic figures come from Semrush. Where reports differ, we give a range or say which source we use. Figures are as of October 10, 2026.

For more AI statistics, take a look at:

• Artificial Intelligence Statistics
• AI Market Size
• Most Popular AI Tools
• AI Usage Statistics
• AI Chatbot Statistics

OpenAI's numbers change fast. Want to track them yourself? Use Semrush Traffic Analytics to see how ChatGPT, Claude and other AI tools grow each month, and where their visitors come from. And use Exploding Topics Pro to track search interest in OpenAI, Anthropic and other AI topics. The Investor plan adds Trending Startups, so you can follow fast-growing AI startups too.