Notion at $865M/year growing 82% YoY
Jan-Erik Asplund
TL;DR: After spending 2021-2024 expanding from docs & databases to challenge Microsoft Office and Google Workspace, Notion is now vying to win by owning the agent that operates across your SaaS productivity tools. Sacra estimates Notion hit $865M ARR in July 2026, up 82% year-over-year, valued at $11B as of its January 2026 tender for an 18x multiple. For more, check out our updated report and dataset on Notion.
Key points via Sacra AI:
- Notion is rolling back its direct challenge Microsoft Office and Google Workspace, retreating from building a productivity bundle of standalone apps, shutting down Notion Mail (as of September 2026), never launching a Teams / Slack competitor (after acquiring Campsite) and leaving Notion Calendar on death watch (last feature launch in February 2025).
- Sacra estimates Notion hit $865M annual recurring revenue (ARR) in July 2026, up 82% year-over-year, valued at $11B as of its $270M tender in January 2026 for an 18x multiple—compared to Airtable at $480M ARR in June 2026, growing 20% YoY, acquired by Bending Spoons in August 2026, enterprise search & agent platform Glean at $300M ARR in May 2026, +89% YoY in 2025, valued at $7.2B as of its June 2025 Series F for a 45x multiple on ~$159M June ARR and public comps Monday (NASDAQ: MNDY) at $1.37B in TTM revenue in June 2026, up 24% YoY, valued at $4.34B for a 3.2x multiple, and Asana (NYSE: ASAN) at $809M in TTM revenue in April 2026, up 9% YoY, valued at $2.2B for a 2.7x multiple.
- Rather than rebuild the productivity suite, Notion is vying to win by owning the agent that operates across your SaaS productivity tools, starting with Notion Agent (September 2025) for searching, writing & taking action across Notion pages & databases, then adding Custom Agents (May 2026) to run workflows across connected 3rd-party apps, and now building the infra for running arbitrary code on Notion (Workers), bringing Claude Code & Codex into Notion (External Agents API), and embedding Notion agents in any app (Agents SDK), all feeding into the usage-based pricing layer Notion introduced in May 2026.
For more, check out this other research from our platform:
- ClickUp
- Gaurav Agarwal, COO of ClickUp, on how AI is redrawing the competitive map in productivity
- Tommy Wang, Chief Business Officer at ClickUp, on the rise of the all-in-one
- Grammarly (dataset)
- Grammarly vs Notion
- Why Grammarly bought Superhuman
- Airtable (dataset)
- Airtable at $375M ARR
- Gamma (dataset)
- RIP AI Slides 2022-2026
- Gamma vs Anthropic
- $9.4M/year Hermes of Powerpoint
- Gamma vs Canva
- Jon Noronha, co-founder of Gamma, on building AI-powered slides
- Grant Lee, co-founder of Gamma, on rethinking the primitives of presentations
- Zapier (dataset)
- Mike Knoop, co-founder of Zapier, on Zapier's LLM-powered future
- Zapier's 100x LLM opportunity
- Wade Foster, co-founder & CEO of Zapier, on AI agent orchestration
Read more from
Read more from
+4 others
RIP AI Slides 2022-2026
Free Report
Continue Reading
Gamma vs Anthropic
Free Report
Continue Reading
Pitch revenue, growth, and valuation
Unlocked Report
Continue Reading
Read more from
Clay crosses $150M/year
Free Report
Continue Reading
