OpenAI's annual revenue exceeds $25 billion, while Anthropic reports $19 billion, catching up rapidly

According to TheInformation, as of the end of February 2026, OpenAI's annualized revenue has exceeded $25 billion.

OpenAI's Chief Financial Officer Sarah Friar confirmed in the official blog and multiple reports in January 2026 that the company's annualized revenue for 2025 surpassed $20 billion, representing an approximately 230% increase from $6 billion in 2024. However, some subsequent public investor information indicates that OpenAI's actual total revenue for 2025 was about $13.1 billion, exceeding the company's earlier target of $10 billion but falling short of the peak annualized estimate of $20 billion.

After rapid growth in 2025, OpenAI experienced a slowdown in growth in the second half of the year. Media outlets like CNBC estimate that its mid-year annualized revenue last year was around $10 to $13 billion, with year-end annualized revenue at about $5.5 billion.

In contrast, OpenAI's direct competitor Anthropic had a mid-year annualized revenue of about $4 billion in 2025, which quickly grew to around $9 billion by the end of the year, thanks to the surge in enterprise customers and products like Claude Code. As of early March this year, the latest annualized revenue has exceeded $19 billion. Currently, Claude Code's run rate has surpassed $2.5 billion, with over 500 clients spending more than $1 million annually. The gap between Anthropic and OpenAI is narrowing.