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OpenAI's quarterly revenue reportedly crossed $10 billion for the first time in the third quarter, thanks to strong demand for its recent AI models, Bloomberg reported on November 11, 2026, citing anonymous sources, and TechCrunch relayed the report. That figure would be an almost 50% jump from the $6.7 billion the company reportedly recorded in the second quarter, and a sizable increase over the roughly 18% growth previously reported between the first and second quarters. The report also said OpenAI's adjusted operating margin narrowed from -150% in the second quarter to -109% in the third, and that the company has reached an annual revenue run rate of $50 billion. TechCrunch noted that OpenAI faces rival Anthropic, which reported Q3 revenue of $17 billion and an annual run rate of $81 billion as of the end of October, and that the two firms calculate annualized revenue differently. The report did not detail the sources of the revenue.