Anthropic's run-rate revenue hits $47 billion

# Anthropic's run-rate revenue hits $47 billion Source: [https://simonwillison.net/2026/May/29/anthropic/](https://simonwillison.net/2026/May/29/anthropic/) 29th May 2026 The most interesting thing about[Anthropic's $65B Series H announcement](https://www.anthropic.com/news/series-h)is this line \(emphasis mine\): > Since our Series G in February, adoption has continued to grow across global enterprise customers, and our run\-rate revenue crossed**$47 billion**earlier this month\. Anthropic have made a bit of a habit of sharing their "run\-rate revenue" in this kind of announcement, which is an annualized projection of their current revenue \- typically calculated by taking the most recent month and multiplying by 12\. Earlier this year: - Apr 6, 2026 in[Anthropic expands partnership with Google and Broadcom](https://www.anthropic.com/news/google-broadcom-partnership-compute): "Our run\-rate revenue has now surpassed**$30 billion**—up from approximately**$9 billion**at the end of 2025\." - Feb 12, 2026 in[Anthropic raises $30 billion in Series G](https://www.anthropic.com/news/anthropic-raises-30-billion-series-g-funding-380-billion-post-money-valuation): "Today, our run\-rate revenue is**$14 billion**, with this figure growing over 10x annually in each of those past three years\." I had[Claude Opus 4\.8 make me](https://claude.ai/share/f52e82bd-7e09-49a5-b658-0b9999ce5a45)this chart using[Matplotlib](https://matplotlib.org/)\(Claude: "a data line chart is more straightforward matplotlib work—not really a design piece"\):  Back in April[Axios CEO Jim VandeHei wrote](https://www.axios.com/2026/04/13/anthropic-revenue-growth-ai)that he could not find "any company — in any industry, in any era — that has scaled organic revenue this quickly at this level as Anthropic" \- and that was when they were at a paltry $30 billion\. \(Also[in Axios today](https://www.axios.com/2026/05/28/ai-spending-roi-enterprise-costs)is an anonymously sourced note that "An AI consultant tells Axios one of their clients recently spent half a billion dollars in a single month after failing to put usage limits on Claude licenses for employees" \- times that by 12 and you get an extra $6 billion in annualized run\-rate\!\) Ed Zitron was[extremely skeptical of that $30 billion number](https://www.wheresyoured.at/anthropics-profitability-swindle/)\- I wonder if his skepticism will update for the new $47 billion figure\. I've seen a few people dismiss this as untrustworthy, because the numbers come from Anthropic\. That doesn't hold up: these numbers were included in announcements of their fundraises, and lying to investors who just put in $65 billion would be securities fraud\. They're even less likely to lie given that the real numbers will no doubt come out in their S\-1 when they file for their IPO\.