❯ Bloomberg: OpenAI Annualized Revenue Tops $40 Billion, Doubling From End of 2025

PACEBloomberg, citing people familiar with the matter, reports OpenAI’s annualized revenue has surpassed $40 billion, roughly doubling from the end of 2025. President Greg Brockman said in an internal note that in July alone, annualized revenue expanded more than 20% month over month. Bloomberg places this acceleration in the same context: the company is building momentum for an anticipated IPO.

REVENUEGrowth isn’t driven by ChatGPT subscriptions alone: per Bloomberg, the advertising business has barely started yet is already contributing revenue, with the coding agent Codex and enterprise-facing ChatGPT Work named as the two specialist engines. Previously, OpenAI’s revenue was almost entirely staked on consumer subscriptions as a single line — this is the first time it is simultaneously holding advertising and enterprise software as two cash-flow streams, and the roughly $20 billion annualized base at end-2025 was precisely the starting point for this doubling.

MATCHUPRead alongside the previous item: OpenAI at $40 billion annualized, Anthropic expected by investors to reach the $100-billion scale within the year — the gap narrative between the two is reversing, and the first comparable financial statement Wall Street receives will come from whichever files its prospectus first. Microsoft, Amazon, and Google Cloud, which supply computing power to both, will also find their bargaining leverage in the next round of compute contracts hinged on these two revenue curves.

▪ SIGNALBoth leading labs are pushing revenue figures into the media ahead of their listings; the main battleground of the fundraising narrative has shifted from model capability to the income statement.