- OpenAI grew Q3 2026 revenue about 50% quarter-over-quarter to $10 billion, up from $3.9 billion a year earlier, per reporting from The Wall Street Journal and The Information.
- Adjusted operating losses still rose to $10.9 billion in Q3, up from $10.1 billion in Q2, not counting $2.6 billion in stock-based compensation.
- Rival Anthropic brought in $17 billion in Q3 revenue with an operating loss of just $567 million, a far narrower gap.
- OpenAI’s enterprise business doubled in Q3 and now accounts for the bulk of revenue, while ChatGPT reached 1.2 billion weekly users with 100 million paying subscribers.
What Happened
OpenAI’s quarterly revenue jumped about 50% to $10 billion in Q3 2026, according to The Decoder (Nov. 11, 2026), citing Wall Street Journal and Information reporting. The growth came primarily from enterprise sales, which doubled in the quarter.
Why It Matters
The figures land days after ChatGPT crossed 1.2 billion weekly users on an annualized revenue run rate nearing $70 billion, underscoring how OpenAI’s consumer scale hasn’t yet translated into Anthropic-level efficiency ahead of Anthropic’s own IPO next week.
Technical Details
OpenAI’s adjusted operating margin improved from -150% in Q2 to -109% in Q3, but losses still climbed to $10.9 billion. Anthropic, by contrast, grew revenue 47% to $17 billion with just a $567 million operating loss, a gap OpenAI president Greg Brockman called “an incredible revenue turning point” while citing enterprise wins like JPMorgan Chase.
Who’s Affected
OpenAI’s enterprise customers are seeing price cuts as the company chases Claude’s business accounts, while the consumer side keeps scaling: ChatGPT now has 100 million paying subscribers among 1.2 billion weekly users. Anthropic’s enterprise-first model, built around Claude Code and Claude Cowork, remains the efficiency benchmark OpenAI is being measured against.
What’s Next
OpenAI has reshuffled priorities toward enterprise sales, cutting consumer projects like its video app and hiring a new head of sales, Dali Rajic, to close the gap. Anthropic’s IPO next week will give investors a direct side-by-side comparison of the two companies’ unit economics for the first time.
