Anthropic Run-Rate Hits $47 Billion, Surpassing Most Public Software Peers
Anthropic reached $47 billion in annualized run-rate revenue by mid-May 2026, exceeding Salesforce, Adobe, Intuit, ServiceNow, and Workday.
Anthropic exited 2025 at roughly $9 billion in run-rate revenue. By February 2026 the figure reached $14 billion, then $19 billion in March, $30 billion in April, $44 billion in early May, and $47 billion by mid-May, according to SaaStr.
Run-Rate Versus Public Software Companies
Salesforce runs about $41 billion in revenue. Anthropic's run-rate passed Salesforce in April. Adobe is around $25 billion, Intuit about $19 billion, ServiceNow about $14 billion, and Workday about $9.5 billion. On a software-versus-software basis, Anthropic already exceeds each of these companies.
Microsoft's software and cloud business runs around $300 billion. Oracle reported $67.4 billion for fiscal 2026 and guided to $90 billion for fiscal 2027, yet its actual software line was $24.5 billion and shrank 1 percent last year. IBM is a roughly $60 billion company with a software segment around $30 billion. According to SaaStr, Microsoft remains the only public company whose software business out-earns Anthropic.
Combined Public Software Universe
The pure-play public software universe clears $200 billion. Salesforce, Adobe, Intuit, ServiceNow, and Workday alone exceed $100 billion together. The ten next-generation names Palantir, Snowflake, CrowdStrike, Datadog, Zscaler, Okta, HubSpot, MongoDB, Cloudflare, and Confluent combine for roughly $33 billion, with Palantir at $5.2 billion and Snowflake at $5.0 billion. Anthropic's current run-rate exceeds all ten combined.
Revenue Trajectory and Measurement Notes
On its current trajectory the run-rate is tracking toward $70 to $90 billion by December. On actual calendar-2026 revenue, Anthropic is projected to land around $20 to $26 billion for the year. Anthropic books a meaningful share of revenue gross through AWS, Google, and Microsoft. Claude Code reached $2.5 billion in run-rate in about nine months.
The $47 billion figure is one month annualized rather than trailing-twelve-month actuals, according to SaaStr.
