Every few months, someone claims that OnlyFans is dying, losing creators, losing fans, or about to be replaced by the next big platform.
Strangely enough, those claims are often followed by a recommendation that you move to another platform, sign with an agency, buy a course, start webcamming, or start using whatever service the person making the claim happens to be promoting.
Maybe they’re right. Maybe OnlyFans really is falling apart and creators should be looking for the exits. But I’m not interested in someone’s feelings about the platform, and I’m definitely not interested in marketing disguised as analysis. I want to see the actual numbers.
And that right there is the problem. The people who say things like this know that most people won’t bother looking up the data to prove the statements are false.
But I like numbers. I like stats. I like to know facts. And luckily for me, we now have brand-new numbers to look at. In August 2026, OnlyFans parent company Fenix International released its financial results for the fiscal year ending November 30, 2025, giving us one of the clearest pictures we’ve ever had of the size and financial health of OnlyFans.
And those numbers don’t show a company in decline. They show a company that is still growing, although that growth has understandably slowed considerably from the extraordinary expansion OnlyFans experienced during the pandemic.
The New OnlyFans Numbers for 2025
According to the latest financial reporting, OnlyFans generated approximately $1.55 billion in revenue during fiscal 2025, an increase of about 10% from the previous year. Pre-tax profit increased approximately 5% to around $715 million, while creators collectively received approximately $6.3 billion during the year.
The platform also continued adding accounts. OnlyFans now reports approximately 5 million registered creator accounts and 437 million registered fan accounts, compared with approximately 4.63 million creators and 377.5 million fan accounts in the previous fiscal year.
Here’s what the latest numbers look like:
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Registered creator accounts | 4.63 million | ~5 million | Increased |
| Registered fan accounts | 377.5 million | ~437 million | Increased |
| OnlyFans revenue | $1.41 billion | $1.55 billion | ~10% increase |
| Creator payouts | $5.8 billion | $6.3 billion | ~9% increase |
| Pre-tax profit | $684 million | ~$715 million | ~5% increase |
Those are several different measurements of the business, and every major one is pointing in the same direction. There are more registered creators, more registered fans, more money going to creators, more revenue going to OnlyFans, and more profit being generated by the company.
We Finally Know How Many OnlyFans Creators Are Actually Active
One of the biggest problems with the creator numbers I’ve discussed in the past is that OnlyFans traditionally reported registered creator accounts. That figure tells us how many accounts exist, but it doesn’t tell us how many of those people are actually posting, promoting, selling content, or making money.
The newest reporting gives us something much more useful. Of the roughly 5 million registered creator accounts, approximately 2.5 million were active during fiscal 2025. OnlyFans also had approximately 132 million active fan accounts out of its 437 million registered fan accounts.
That’s an important distinction because an OnlyFans account someone created in 2021 and abandoned six months later doesn’t tell us much about the current creator economy. Knowing that approximately 2.5 million creators were actually active gives us a much better idea of the current size of the marketplace.
It also tells us something creators may not necessarily want to hear: OnlyFans has become incredibly competitive. There are millions of active creators fighting for subscribers, attention, PPV purchases, tips, and social media traffic, which is very different from saying there aren’t enough fans or money on the platform.
OnlyFans Has Now Passed 5 Million Creator Accounts
The growth in creator accounts becomes even clearer when you look at how dramatically the platform has expanded over the past several years. OnlyFans went from hundreds of thousands of creators before the pandemic to millions of creator accounts today.
The reported totals have grown roughly like this:
- 2019: 348,000 creator accounts
- 2020: 1.6 million
- 2021: 2.16 million
- 2022: 3.18 million
- 2023: 4.12 million
- 2024: 4.63 million
- 2025: approximately 5 million
Obviously, the percentage growth isn’t anything like what happened during 2020 and 2021. The pandemic created an extraordinary set of circumstances in which millions of people were at home, online consumption exploded, and people began looking for new ways to make money from home.
Nobody should reasonably expect OnlyFans to repeat that kind of growth every year forever. What matters when we’re discussing whether the platform is “declining” is whether the numbers have started moving backward, and so far they haven’t.
Fan Growth Is Actually Stronger Than Creator Growth
The number I think creators should pay particularly close attention to is the growth of the fan side of the platform. OnlyFans reported approximately 377.5 million registered fan accounts in 2024, and that number increased to roughly 437 million in 2025.
That works out to roughly 59 million additional registered fan accounts. Even more importantly, OnlyFans reported approximately 132 million active fan accounts during fiscal 2025, giving us a much better measure of the people actually using the platform rather than simply everyone who has ever created an account.
If OnlyFans were experiencing the kind of collapse some people describe online, we’d expect to see evidence of that somewhere in the business. Instead, the platform added fan accounts while revenue, creator payouts, and profits all increased during the same period.
Creators Were Paid Approximately $6.3 Billion in One Year
One of the best measurements of the health of the OnlyFans economy is the amount of money actually reaching creators. During the fiscal year ending November 30, 2025, OnlyFans says creators collectively received approximately $6.3 billion, compared with about $5.8 billion during the previous year.
OnlyFans also says it has now paid creators more than $30 billion since the platform launched in 2016. On top of that, the company revealed that 5,076 creators have earned more than $1 million through OnlyFans since its launch.
Of course, that doesn’t mean the typical creator is making anything close to a million dollars. OnlyFans earnings are extremely uneven, and those platform-wide totals shouldn’t be used to calculate some imaginary “average creator income” and pretend that’s what an individual creator can expect to make.
What the payout figure does tell us is whether the total amount of money flowing to creators is growing or shrinking. In 2025, it grew again.
There’s an Important Difference Between OnlyFans Revenue and Fan Spending
There’s another OnlyFans statistic I see reported incorrectly all the time. You’ll sometimes see articles claiming OnlyFans generated $7 billion or $8 billion in annual “revenue,” but that isn’t actually OnlyFans’ revenue.
In fiscal 2024, approximately $7.22 billion in gross payments flowed through OnlyFans. Creators received approximately $5.8 billion of that money, while OnlyFans retained its share and reported approximately $1.41 billion in company revenue.
The distinction matters because OnlyFans operates on a revenue-sharing model. Creators generally receive 80% of fan payments, while OnlyFans keeps 20%, so gross fan spending on the platform will always be dramatically larger than the amount OnlyFans reports as its own revenue.
The 2025 numbers put the platform at roughly the same enormous scale. Architect Capital founder James Sagan, whose company became an investor in OnlyFans this year, recently described the business as producing approximately $8 billion in gross merchandise volume, $1.5 billion in revenue, and $750 million in EBITDA.
So when we’re talking about the economic activity happening on OnlyFans, we’re now talking about a platform handling roughly $8 billion a year in fan spending. That’s a very different picture from the idea that customers have suddenly stopped spending money there.
OnlyFans Revenue Increased Again in 2025
OnlyFans itself generated approximately $1.55 billion in revenue during fiscal 2025, up about 10% from the $1.41 billion reported for fiscal 2024. Its pre-tax profit also increased from approximately $684 million to around $715 million.
That doesn’t mean growth isn’t slowing. It clearly is, and pretending otherwise would be just as misleading as claiming the company is collapsing.
In fiscal 2024, gross payments increased about 9% to $7.22 billion, while OnlyFans revenue increased about 8%. Those were much smaller percentage gains than OnlyFans recorded during its explosive pandemic-era expansion.
But there is a very important difference between slower growth and negative growth. A company that goes from growing incredibly fast to growing 8% or 10% annually hasn’t suddenly started shrinking.
That’s why I think the language matters. Saying “OnlyFans isn’t growing as quickly as it used to” is completely reasonable and supported by the numbers, while saying “OnlyFans is dying” is a very different claim that the current financial data simply doesn’t support.
Then Why Did OnlyFans Sell a Stake at Such a Low Valuation?
This is where the story gets much more interesting. Earlier discussions reportedly valued OnlyFans at considerably higher amounts, including talks in 2025 involving a potential transaction at around an $8 billion valuation.
That isn’t what ultimately happened. In May 2026, Architect Capital purchased approximately 16% of OnlyFans for $535 million, with the transaction valuing the company at roughly $3.15 billion.
At first glance, that might sound like evidence that OnlyFans is in trouble. How could a company reportedly being discussed at an $8 billion valuation end up completing a transaction at barely $3 billion?
The answer appears to have much more to do with who is willing and able to invest in an adult-content business than with the company’s ability to make money. In a recent interview with The Information, Sagan acknowledged that many investors have reputational concerns about being associated with OnlyFans, creating a much smaller pool of potential buyers despite the strength of the underlying business.
That’s what makes the valuation so fascinating. According to the numbers Sagan discussed, Architect bought into a company producing roughly $1.5 billion in annual revenue and approximately $750 million in EBITDA at a valuation only slightly above $3 billion.
In other words, investors may be heavily discounting OnlyFans because of adult-industry risk, payment-processing concerns, regulation, reputation, and the limited pool of institutions willing to invest in the business. That doesn’t change the fact that the underlying company remains enormously profitable.
The New Investors Certainly Don’t Appear to Think OnlyFans Is Finished
Architect Capital’s plans for OnlyFans also tell us something about how its new investor views the future of the company. Sagan has discussed eventually increasing Architect’s ownership position, improving the tools available to creators, introducing financial products and services for creators, and potentially pursuing a U.S. IPO someday.
The financial-services part is especially interesting to me because adult creators have dealt with banking discrimination and financial restrictions for years. Creators can generate perfectly legal income and still find themselves treated as undesirable customers by banks, payment processors, lenders, and other financial institutions.
Sagan specifically described OnlyFans creators as an underserved financial market and said Architect wants to build better services for them. We don’t know yet exactly what those products will look like, but it’s something creators should be watching closely as Architect becomes more involved in the business.
Does That Mean Everything Is Great for OnlyFans Creators?
Absolutely not. This is where I think a lot of discussions about whether OnlyFans is declining go wrong because they confuse the experience of an individual creator with the financial performance of the platform itself.
You might have made $10,000 a month several years ago and only be making $4,000 today. If that’s happening, then something has clearly declined for you, and figuring out why should be a priority.
But your personal earnings aren’t the same measurement as OnlyFans’ overall business. Millions of creators can be competing on a growing platform, and some of those creators will inevitably see their income fall while other creators gain subscribers and revenue.
Competition today is dramatically greater than it was five years ago. Approximately 2.5 million creators were active during OnlyFans’ latest fiscal year, which means a creator isn’t simply competing against a few hundred thousand people anymore.
The places creators use to find those subscribers have changed too. X, Reddit, Instagram, TikTok, Google, and other traffic sources have changed their algorithms, moderation policies, discovery systems, and attitudes toward adult content, so promotional methods that worked extraordinarily well several years ago may produce very different results today.
That distinction is incredibly important. OnlyFans becoming harder for individual creators isn’t the same thing as OnlyFans itself declining.
So, Is OnlyFans on the Decline in 2026?
Based on the newest financial information available, there simply isn’t evidence of an overall decline. Instead, the latest fiscal-year figures show growth across virtually every major measurement we have available.
As of the newest 2025 financial data:
- OnlyFans has approximately 5 million registered creator accounts
- Approximately 2.5 million creator accounts were active
- OnlyFans has approximately 437 million registered fan accounts
- Approximately 132 million fan accounts were active
- Creators received approximately $6.3 billion during the year
- OnlyFans generated approximately $1.55 billion in revenue
- Revenue increased approximately 10%
- Pre-tax profit increased to approximately $715 million
- More than $30 billion has been paid to creators since 2016
- More than 5,000 creators have earned at least $1 million through the platform
Those numbers describe a company that has transitioned from extraordinary pandemic-era expansion into a much larger and more mature stage of growth. The percentage increases aren’t as spectacular as they once were, but the major financial measurements are still moving upward.
That doesn’t mean OnlyFans will dominate forever, nor does it mean creators should blindly trust a single platform with their entire businesses. OnlyFans faces real issues involving regulation, payment processing, banking, competition, content moderation, and the increasing difficulty creators face when trying to acquire new subscribers.
Creators should diversify their promotional traffic, build recognizable brands, maintain audiences outside OnlyFans, and pay attention to changes in the industry. That’s good business advice regardless of whether OnlyFans is growing or shrinking.
What creators shouldn’t do is panic because somebody on social media announces that “OnlyFans is dead” without showing any evidence. If someone makes a claim like that, ask where the numbers came from and then ask what that person has to gain by convincing you to believe it.
Maybe they’re trying to move you to another platform. Maybe they’re selling a service, looking for agency clients, collecting affiliate commissions, or simply repeating something somebody else said without ever checking whether it was true.
None of us gets everything right, and new information can always change what we know. That’s exactly why I prefer looking at the available evidence rather than repeating whatever narrative happens to be popular at the moment.
Right now, the evidence is remarkably consistent. OnlyFans isn’t on the decline, but making money on OnlyFans may be becoming more competitive.
For creators, that’s probably the much more important conversation to be having. There is still an enormous amount of money being spent on OnlyFans, but with millions of creators trying to earn some of it, the real question isn’t whether OnlyFans is dying. It’s what you’re doing to make sure some of that growth reaches your page.
And the next time someone tells you something like “OnlyFans is on the decline” you have to ask yourself why they are saying that … are they maybe being paid by someone to spread this misinformation?
Because the numbers don’t lie and one thing is sure. OnlyFans is still in a growth cycle. They are absolutely not on the decline.
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