OpenRouter Spend Tracker · Updated 10 Sep 2026
Anthropic takes 30% of OpenRouter's dollars on 5% of its tokens.
Weekly share of dollars and tokens by lab across the full OpenRouter model universe, priced at OpenRouter's own realised prices. Fresh prints go to X first.
New prints go to X first, the write-ups to Substack.
Anthropic on OpenRouter: share of dollars vs share of tokens
Daily, 12 Jun to 10 Sep 2026, all routed traffic at realised prices
Who gets paid: dollar share vs token share, 4 to 10 Sep 2026
Share of OpenRouter dollars (thick) and tokens (thin) by lab, last 7 days
Last 30 days, 12 Aug to 10 Sep 2026
Share of dollars, share of tokens and dollars routed by lab
| Lab | Dollar share | Token share | Dollars |
|---|---|---|---|
| Anthropic | 35.8% | 5.5% | $40.6M |
| OpenAI | 17.3% | 14.3% | $19.7M |
| 12.0% | 7.7% | $13.6M | |
| Z.ai | 9.1% | 11.0% | $10.4M |
| Tencent | 4.1% | 13.7% | $4.6M |
| DeepSeek | 7.8% | 21.0% | $8.8M |
| MoonshotAI | 6.5% | 1.9% | $7.3M |
| xAI | 2.9% | 0.7% | $3.2M |
| Market total | $113.4M |
Basis
All routed OpenRouter traffic priced at OpenRouter's realised (effective) per-endpoint daily price, full model universe (547 to 564 variant permaslugs). OpenRouter's own published 'dollars spent' figures count credit spend only and exclude BYOK traffic; the two are not the same number.
OpenRouter's own 48-hour figure (OpenAI at 31% of dollars, 10 Sep) counts credit spend only; our series counts every routed token at the realised price. The two measure different things and are labelled as such. Full method note on Substack.
Why it matters
OpenRouter is the only public window on what labs actually get paid per token. Anthropic's dollar share is the pricing-power series behind our Anthropic ARR nowcast. The same series drives our SK Telecom work.