Anthropic Statistics 2026: Revenue, Valuation & S-1 Data

Last Updated: October 31, 2026

Quick Answer: Anthropic's public S-1, filed October 26, 2026, shows $16.29 billion in revenue for the first half of 2026, up from $1.16 billion a year earlier, and a first operating profit of $974 million in Q2. Full-year 2025 revenue was $4.59 billion. Its annualized run rate passed $65 billion by the end of July 2026, per Bloomberg. The last private valuation was $965 billion, and the company plans to list on the Nasdaq as ANT, reportedly in the week of November 16.

For most of 2026, Anthropic's numbers came from leaks, investor letters, and run-rate estimates. That changed on October 26, when the company made its IPO filing public. For the first time, there are audited figures to check the headlines against, and they largely hold up: second-quarter revenue of $11.6 billion annualizes to roughly $46 billion, and the run rate kept climbing to more than $65 billion by the end of July, according to The Next Web's review of the S-1 and Bloomberg's reporting.

The Anthropic revenue trajectory is the most dramatic in enterprise software history. In December 2024, Anthropic had $1 billion in annualized revenue. Nineteen months later, that number reached $65 billion. Salesforce took approximately 20 years to reach $30 billion in annual revenue. Anthropic passed it in under three years from a standing start.

This guide covers every significant Anthropic and Claude statistic as of October 2026, including audited S-1 financials, revenue, valuation, funding, Claude users, Claude Code, enterprise adoption, the current model lineup, and the IPO. Where a figure comes from the S-1, we say so. Where it is a run-rate or third-party estimate, we say that too.

📩 Like what you're reading? Get our free 2026 AI Tools Cheat Sheet plus the daily AI newsletter business leaders read every morning.

Get the Free Cheat Sheet →

Sources: Bloomberg August 17, 2026, Axis Intelligence Anthropic statistics, Sacra Anthropic profile, FatJoe Claude AI stats July 2026, Gradually.ai Claude statistics

Anthropic's audited revenue was $16.29 billion in the first half of 2026, according to its S-1, up from $1.16 billion in the first half of 2025, roughly 14 times higher. Full-year 2025 revenue was $4.59 billion. On a run-rate basis, revenue passed $65 billion at the end of July 2026, per Bloomberg's August 17 reporting and TechCrunch, up from $47 billion in May and $9 billion at the end of 2025.

The Anthropic revenue trajectory month by month:

Source: Bloomberg August 17, 2026, TechCrunch August 17, 2026, Sacra, Gradually.ai

What the S-1 shows:

Bloomberg's preliminary August report put Q2 revenue at $11.5 billion and adjusted operating income at $559 million. The audited S-1 figures above supersede those estimates.

Full year 2026 projection:

Anthropic's investors expect the company to finish 2026 between $100 billion and $120 billion in full-year revenue per the Financial Times - more than ten times its 2025 annual revenue. Bankers are reportedly underwriting the IPO offering against 2028 revenue of $190-200 billion per Reuters. Salesforce CEO Marc Benioff shared external data estimating Anthropic's run rate had reached $74.1 billion, surpassing OpenAI's $41.3 billion, though neither company has confirmed those specific figures.

The revenue model behind the numbers:

Enterprise and startup API calls drive 80% of Anthropic's total revenue through pay-per-token pricing per Sacra's Anthropic analysis. The remaining 20% comes from consumer subscriptions. Anthropic generates this extraordinary revenue without the mass consumer adoption that ChatGPT's 1.1 billion MAU represents - serving 300,000+ business customers who generate 80% of revenue through API contracts.

An important accounting note from Sacra: Anthropic reports revenue from cloud resellers including AWS, Google, and Microsoft on a gross basis, counting total end-customer spend as revenue and booking partner payouts as expenses. This inflates top-line figures relative to net-reporting peers. The gross-versus-net revenue accounting will require resolution in the public S-1 filing.

Capital efficiency:

Anthropic generates $0.36 in annual revenue per dollar raised compared to OpenAI's $0.14 per BuildMVPFast's Anthropic vs OpenAI S-1 comparison. Anthropic also generates roughly four times the revenue per employee compared to OpenAI per Epoch AI data - structural efficiency the public market will price as a premium.

For the broader AI platform revenue picture, including OpenAI and Perplexity, our AI market share 2026 guide covers the full competitive landscape.

Anthropic's post-money valuation reached $965 billion following the $65 billion Series H closed May 28, 2026. For the IPO, the Wall Street Journal reported that a valuation of $1.5 trillion to $2 trillion has been discussed, with a raise of $100 billion or more, which would make it the largest IPO in history. For every round, the multiples, and who owns the company, see our full Anthropic valuation history.

Anthropic valuation history:

Source: Gradually.ai Claude statistics, Quartz August 13, 2026, Getlatka Anthropic revenue

The IPO valuation talk:

Earlier reports from the Financial Times in August pointed to a $2 trillion valuation and an October listing. The listing slipped to November, and the latest reporting puts the range at $1.5 trillion to $2 trillion. At $1.5 trillion against Q2's annualized revenue of about $46 billion, the multiple would be roughly 32 times run-rate revenue, or about 23 times the $65 billion July run rate.

The valuation-to-revenue multiple:

At the $965 billion Series H valuation against a $65 billion run rate, Anthropic was valued at roughly 15 times revenue. OpenAI's reported bridge round at about $1.4 trillion, against a net run rate nearing $50 billion at the end of September, would put it at roughly 28 times.

For the complete Anthropic IPO picture and what it means for investors, our Anthropic IPO 2026 guide covers the full analysis.

Anthropic has raised approximately $125 billion in total funding across nine rounds per Sacra's Anthropic profile, with the May 28, 2026 Series H of $65 billion led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital representing the largest single venture funding round in history.

Complete Anthropic funding history:

Source: Sacra, Getlatka, Axis Intelligence

Key Anthropic investors:

Capital efficiency comparison:

Anthropic surpassed OpenAI's valuation despite raising $48 billion less in total capital. Anthropic generates $0.36 in annual revenue per dollar raised. OpenAI generates $0.14 per BuildMVPFast's comparative analysis.

The compute partnership:

Anthropic committed more than $100 billion over 10 years to AWS technologies in exchange for up to 5 gigawatts of compute capacity, with nearly 1 GW of Trainium2/Trainium3 expected by end-2026 per Axis Intelligence. Amazon committed a new $5 billion immediate investment with up to $20 billion more possible. This compute infrastructure commitment is as strategically significant as any equity round.

Claude has approximately 245 million monthly active users as of mid-2026 per Sensor Tower's State of AI 2026 report, with 952.6 million web visits in May 2026, approximately 17% of the US mobile chatbot market as of July 1, 2026, and power users spending more than two hours per day in the app per Apptopia data.

Claude user statistics August 2026:

Source: FatJoe Claude AI stats July 2026, Claude AI statistics guide

The Claude user growth story:

Claude's journey from under 2% to 17% of the US mobile chatbot market in under a year is the fastest market share gain of any major AI platform in 2026. Per FatJoe's analysis, the share of ChatGPT users who also use Claude rose from 1.4% in January to 3.7% by May, while the share of Claude users who also use ChatGPT rose from 58.3% to 65.8%. Claude is adding a second app to people's routines rather than replacing their primary one.

The data caveat:

Unlike OpenAI, Anthropic does not publish detailed official user numbers. The 245 million MAU figure comes from Sensor Tower's State of AI 2026 report. Web visit and traffic figures come from Semrush and Similarweb panels. These are reliable third-party estimates rather than company-disclosed figures.

For the complete Claude user and market share picture, our Claude AI statistics guide covers every metric in depth.

Claude Code reached $8 billion in annualized revenue by May 2026 and commands 54% of the AI coding market per Menlo Ventures data, making it the dominant AI coding tool by revenue and the fastest product to reach $1 billion ARR in Anthropic's history.

Claude Code key statistics:

Source: Sacra Anthropic profile, Taskade Anthropic history, Serpsculpt Claude Code statistics

The Claude Code trajectory:

Claude Code hit $1 billion in annualized run-rate revenue approximately six months after general availability in May 2025, faster than ChatGPT's revenue ramp per Taskade's Anthropic history. Enterprise use represents over half of Claude Code revenue, with customers including Netflix, Spotify, KPMG, L'Oreal, and Salesforce per Sacra's Anthropic analysis.

Why coding migrated to Claude:

Since August 2025, the share of Computer and Mathematical tasks has increased by 14% in the API and decreased by 18% in Claude.ai per Anthropic's March 2026 Economic Index. Coding is migrating from conversational chat into programmatic, agentic workflows. Claude Code captures this shift at the API level while most competitors measure coding use at the chat interface level.

For the complete Claude Code breakdown including use cases, pricing, and developer adoption, our Claude Code statistics guide covers every metric.

Anthropic has 300,000+ business customers globally, with 70% of Fortune 100 companies as Claude customers, 8 of the Fortune 10 using Claude, 1,000+ accounts spending over $1 million annually, and a 40% share of enterprise LLM API spending at the end of 2025, ahead of OpenAI's 27%, according to Menlo Ventures.

Anthropic enterprise statistics:

Source: Getpanto.ai Anthropic statistics, Axis Intelligence, Sacra, StartupHub.ai

The enterprise market share milestone:

Anthropic first overtook OpenAI in enterprise LLM API spending in mid-2025, with 32% versus 25%, according to TechCrunch's report on Menlo Ventures data. By the end of 2025 the gap had widened to 40% versus 27%, per Menlo Ventures' 2025 enterprise report. Enterprise is where both companies make most of their money, so this is the most important competitive shift in Anthropic's history.

The ARPU advantage:

Claude generates $192 in annual revenue per monthly active user versus ChatGPT's $23 - an 8x premium reflecting enterprise contract pricing. Anthropic also generates roughly four times the revenue per employee compared to OpenAI per Epoch AI - a structural efficiency advantage that public market investors will price as a premium.

For our complete enterprise AI adoption picture, our AI adoption statistics guide covers every benchmark.

Anthropic launched the Claude 5.5 family in fall 2026, starting with Claude Opus 5.5 on September 22, followed by Sonnet 5.5 and Haiku 5.5. The Mythos tier sits above Opus: Claude Fable 5.1 is publicly available, while Claude Mythos 5.1 is limited to vetted partners.

Current Claude model lineup:

The Claude Fable 5 story:

Claude Fable 5, Anthropic's first publicly available Mythos-class model, launched June 9, 2026. Three days later on June 12, the US government ordered it taken offline worldwide, citing export control and national security concerns per FatJoe's July 2026 analysis. Per CNBC's August reporting, Anthropic faced a difficult period navigating "national security authorities" and was temporarily blacklisted by the Pentagon before resolution. The model returned globally on July 1, 2026, the same day Anthropic launched Claude Sonnet 5.

For our complete Claude model comparison including context windows, pricing, and use case fit, our Claude AI statistics guide covers every model in depth.

Yes. Anthropic filed its public S-1 with the SEC on October 26, 2026, after a confidential submission on June 1. It plans to list on the Nasdaq Global Select Market under the ticker ANT, with Goldman Sachs and Morgan Stanley leading a 22-bank syndicate. The Wall Street Journal reported the company is aiming for the week of November 16. For buying details, see our guide to Anthropic stock.

Anthropic IPO key facts:

The $2 trillion target in context:

If the IPO prices in the reported range and raises $100 billion or more, it would top SpaceX's June 2026 offering as the largest IPO in history. Fortune noted earlier this year that a $2 trillion valuation implies the market expects very large future profits, so pricing will be a real test of investor appetite.

The dual IPO race:

Anthropic is now well ahead of OpenAI, which is reportedly targeting a 2027 listing. If Anthropic lists in November, it will be the first major frontier AI lab to reach public markets and will set the benchmark multiple for the rest of the sector.

What the public S-1 revealed:

The filing confirmed audited revenue, the ticker and exchange, and the underwriting syndicate. It left the price range, share count, and total committed compute spend blank, which is normal at this stage. Named compute deals include at least $114.5 billion with Google, $110 billion with Amazon, and $44.9 billion with Microsoft. The next step is an amended filing with a price range.

The profitability milestone:

The S-1 shows a $974 million operating profit in Q2 2026, after an operating loss in Q1. For the full first half, the company still posted a $693 million operating loss and an $80.7 billion net loss, most of it a $72.4 billion non-cash charge on convertible notes.

For our complete Anthropic IPO analysis, our Anthropic IPO 2026 guide covers the full timeline, underwriter discussions, and investment considerations.

Anthropic overtook OpenAI on reported quarterly revenue in Q2 2026, $11.6 billion versus $6.7 billion, and posted an operating profit while OpenAI lost $12.3 billion. The comparison needs care: OpenAI reports revenue net while Anthropic books cloud-partner sales gross. The Financial Times reported OpenAI's net run rate was nearing $50 billion at the end of September, while a roughly $70 billion figure counts revenue Anthropic's way, per The Next Web. See our OpenAI IPO guide for OpenAI's side.

Head-to-head comparison August 2026:

Source: Bloomberg August 17, 2026, TechCrunch August 17, 2026, Axis Intelligence, Gradually.ai

The counterintuitive competitive position:

Anthropic generates more revenue than OpenAI from less than a quarter of its monthly active users, and its S-1 shows a Q2 2026 operating profit while OpenAI remains loss-making. The difference comes from an enterprise API-first model with higher revenue per customer.

The enterprise market share lead, Anthropic at 40% versus OpenAI at 27% at the end of 2025 per Menlo Ventures, is one of the most important competitive data points for the IPO roadshow.

For the full competitive landscape, our AI market share 2026 guide covers every metric.

Claude AI Statistics 2026
The complete Claude platform statistics, model lineup, and every user and revenue metric.

Anthropic IPO 2026: The Complete Guide
S-1 filing, $2 trillion valuation target, IPO timeline, and what it means for investors.

Claude Code Statistics 2026
Claude Code's $8 billion ARR, 54% market share, and full developer adoption data.

AI Market Share 2026
Where Anthropic fits in the full competitive landscape against OpenAI, Google, and xAI.

How to Use Claude
Every Claude feature, model, and workflow updated for Claude Sonnet 5 and August 2026.

AI Adoption Statistics 2026
Enterprise AI adoption benchmarks including Claude's 70% Fortune 100 penetration in context.

OpenAI Statistics 2026
The complete OpenAI data for direct comparison to Anthropic's statistics.

OpenAI Statistics 2026
OpenAI's revenue, users, valuation and IPO status, the direct comparison to Anthropic.

What Is Claude AI?
The complete Claude explainer - how it works, its features, and every use case.

AI Statistics 2026: The Complete Data Guide
The master hub for all AI statistics including Anthropic's market position data.

What is Anthropic's revenue in 2026?
According to its S-1, Anthropic generated $16.29 billion in revenue in the first half of 2026, up from $1.16 billion in the first half of 2025. Q2 revenue alone was $11.6 billion. Full-year 2025 revenue was $4.59 billion. On a run-rate basis, revenue passed $65 billion at the end of July 2026, per Bloomberg. Enterprise and API usage drive about 80% of revenue.

What is Anthropic's valuation in 2026?
Anthropic's last private valuation is $965 billion, from its $65 billion Series H in May 2026. For the IPO, a valuation of $1.5 trillion to $2 trillion has reportedly been discussed. The valuation history runs from $4.1 billion in March 2023 to $61.5 billion in March 2025, $380 billion in February 2026, and $965 billion in May 2026.

How much funding has Anthropic raised?
Anthropic has raised approximately $125 billion in total funding across nine rounds per Sacra's analysis. Key milestones: Amazon invested $8 billion total across three tranches. Google invested $3 billion. Microsoft and NVIDIA invested in the February 2026 Series G. The May 2026 Series H of $65 billion was led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital - the largest single venture round in history. Anthropic surpassed OpenAI's valuation despite raising $48 billion less in total capital, generating $0.36 in annual revenue per dollar raised versus OpenAI's $0.14. Separately, Anthropic committed more than $100 billion over 10 years to AWS technologies in exchange for compute capacity. Source: Sacra, BuildMVPFast

How many users does Claude have in 2026?
Claude has approximately 245 million monthly active users as of mid-2026 per Sensor Tower's State of AI 2026 report. Claude.ai received 952.6 million web visits in May 2026. Claude holds approximately 9.2% of global AI chatbot web traffic and 13.4% of US web traffic per Momentic's May 2026 data. As of July 1, 2026, Claude holds roughly 17% of the US mobile chatbot market per Apptopia. Power users spend more than two hours per day in the Claude app per Apptopia - the highest per-user engagement of any major chatbot. Weekly active users doubled since January 1, 2026, and business subscriptions quadrupled in the same period. Anthropic does not publish official user counts - all figures are third-party estimates. Source: FatJoe July 2026

What is Claude Code and how fast is it growing?
Claude Code is Anthropic's AI coding tool launched as a research preview February 24, 2025 and made generally available May 22, 2025. It reached $1 billion in ARR by November 2025 - faster than ChatGPT's revenue ramp. By February 2026 it reached $2.5 billion ARR. By May 2026 it reached $8 billion ARR, commanding 54% of the AI coding market per Menlo Ventures. Enterprise customers including Netflix, Spotify, KPMG, L'Oreal, and Salesforce represent over half of Claude Code revenue. Since August 2025, coding workloads have been migrating from Claude.ai chat into programmatic agentic API workflows - the structural shift Claude Code is capturing. Source: Sacra, Taskade

Is Anthropic going public in 2026?
Yes. Anthropic filed its public S-1 on October 26, 2026 and plans to list on the Nasdaq under the ticker ANT. The Wall Street Journal reported it is aiming for the week of November 16. Goldman Sachs and Morgan Stanley lead the underwriting syndicate.

How does Anthropic compare to OpenAI in 2026?
Anthropic reported $11.6 billion in Q2 2026 revenue and an operating profit, versus OpenAI's reported $6.7 billion in revenue and a $12.3 billion operating loss, though the two count cloud-partner revenue differently. Anthropic's $965 billion private valuation passed OpenAI's $852 billion, and Anthropic will go public first. OpenAI still has far more users.

What happened with Claude Fable 5?
Claude Fable 5, Anthropic's first publicly available Mythos-class model, launched June 9, 2026. Three days later on June 12, the US government ordered it taken offline worldwide, citing export control and national security concerns. The suspension lasted until July 1, 2026, when the model returned globally alongside the launch of Claude Sonnet 5. Per CNBC's August 2026 reporting, Anthropic was temporarily blacklisted by the Pentagon during this period. "We look forward to deepening our government collaboration," Anthropic said in a June blog post. The three-day export control intervention was the most significant US government AI action since the DeepSeek restrictions of early 2026. Source: FatJoe July 2026, CNBC August 2026

Who founded Anthropic and why?
Anthropic was founded in 2021 by Dario Amodei (CEO) and Daniela Amodei (President) along with five other former OpenAI researchers. The founding motivation was concern about AI safety and alignment practices at OpenAI, where Dario Amodei had served as VP of Research. Constitutional AI, Anthropic's proprietary safety framework, emerged from the company's founding research mission. Anthropic employs approximately 5,000 people as of May 2026. The interpretability team has published research milestones including persona vectors (August 2025), signs of introspection (October 2025), and the assistant axis (January 2026). Source: Gradually.ai, Axis Intelligence

The Anthropic statistics of October 2026 center on three numbers that define the company as it heads to public markets.

$16.29 billion. Audited revenue in the first half of 2026, roughly 14 times the same period a year earlier. The run rate has since passed $65 billion.

$1.5 to $2 trillion. The reported IPO valuation range for a November Nasdaq listing under the ticker ANT, which could make it the largest IPO in history.

$974 million. Anthropic's first operating profit, in Q2 2026, showing the business can make money at scale even while spending heavily on compute.

How does Anthropic compare to OpenAI in 2026?
Anthropic now leads OpenAI on reported quarterly revenue ($11.6 billion vs $6.7 billion in Q2 2026), profitability, closed private valuation ($965 billion vs $852 billion) and enterprise LLM API share (40% vs 27% at the end of 2025, per Menlo Ventures). Claude Code is one of its fastest-growing products. OpenAI still has far more consumer users, with ChatGPT above 1 billion weekly users.

The Claude Fable 5 export control suspension is a reminder that the regulatory environment around frontier AI is not settled. The prospectus will explicitly list "AI backlash" as a risk factor per CNBC. A US government intervention that took a major AI model offline in three days is a risk every IPO investor will need to factor into their pricing.

What Anthropic has built in five years is without precedent. The question now is how public markets price it in November, and whether growth holds up under quarterly scrutiny. We will update this page with the IPO price and first-day trading data as soon as they are available.