OpenAI Annualized Revenue Surges 29% to $42.6 Billion in Two Months

OpenAI's ARR jumped from $33B to $42.6B between May and July, driven by GPT-5.6 and enterprise tools, as it regains ground against Anthropic.

Woofun AI data shows that OpenAI's annualized recurring revenue climbed from $33 billion at the end of May to $42.6 billion on July 29, marking a 29% increase over two months. This growth was primarily fueled by GPT-5.6, Enterprise Agent ChatGPT Work, and Codex, with monthly recurring revenue rising by approximately $800 million to $3.55 billion.

OpenAI Chairman Bret Taylor acknowledged that the company had previously trailed Anthropic in the AI programming sector.

However, he noted that some heavy users of Claude Code are now seeking alternatives like Codex due to high billing costs associated with the competitor.