# Anthropic IPO Filing Shows Cloud Marketplaces Generate 48% of Sales

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/41796
Published: 2026-10-27T14:47:18.000Z
Updated: 2026-10-27T14:47:18.000Z
Section: Business

> The filing lists $11.555 billion in second-quarter sales and $974 million in operating profit.

Anthropic generated 48% of its revenue through cloud marketplaces run by Google, Amazon and Microsoft in the first half of 2026, up from 11% in 2023.

Customers pay the cloud providers, which deduct fees before remitting the balance to Anthropic. Payments to channel partners rose by $2.7 billion year over year in the first half.

The IPO filing lists second-quarter sales of $11.555 billion and operating profit of $974 million.

Anthropic’s minimum compute commitments include at least $114.5 billion to Google by 2033, $110 billion to Amazon by 2036 and $44.9 billion to Microsoft. Those minimum payments remain due even if Anthropic does not use all the capacity. The company also projects $125 billion to $150 billion in payments for additional TPU capacity from 2028 to 2031.

The filing describes the three cloud companies as investors, customers, distribution partners and competitors. That gives the same firms roles in selling Anthropic’s services and supplying the computing behind them.