Businesses on Stripe generated $1.9 trillion in 2025, equivalent to 1.6% of global GDP, and Adyen processed €803.8 billion in H1 2026, up 24% YoY. PayPal’s total payment volume increased 10% to $486.4 billion in the second quarter ending June 30, 2026. These payment gateway statistics draw on company filings, shareholder letters, central banks, and regulators.
Volume is only half of the story. Digital wallets account for 56% of global e-commerce transaction value and 33% of in-store spending, according to the 2026 Global Payments Report from Worldpay. Payment fraud across the European Economic Area reached €4.2 billion in 2024. The sections below cover volume, growth, take rates, list fees, fraud and checkout friction.
Key Takeaways
- Adyen’s processed volume rose 24% in H1 2026 while net revenue rose 19%, and its take rate landed at 16.2 bps.
- Stripe’s total volume grew 34% in 2025, while PayPal’s TPV grew 10% in Q2 2026.
- Stripe says stablecoin payments volume doubled to around $400 billion in 2025, with 60% estimated to represent business-to-business payments.
- Digital wallets hold 56% of global e-commerce transaction value but only 40% of online transaction value in the US.
- The Shopify Payments penetration rate reached 68% in Q2 2026, up from 64% a year earlier.
- Card payment fraud was 17 times higher when the payment recipient was outside the EEA, where SCA is not legally required, according to the EBA and ECB.
Editor’s Choice
- Stripe total volume: $1.9 trillion in 2025, with Stripe’s services powering more than 5 million businesses directly or via platforms.
- Adyen processed volume: €803.8 billion in H1 2026, with net revenue of €1,302.9 million, according to Adyen’s H1 2026 results.
- PayPal TPV: $486.4 billion in Q2 2026 across 6.8 billion payment transactions.
- Square GPV: $72.8 billion in Q2 2026, up 13% year over year.
- US noncash payments: The Federal Reserve counted 236.6 billion noncash payments by consumers and businesses in 2024.
- Cart abandonment: Baymard Institute puts the average documented online shopping cart abandonment rate at 70.22%.
Payment Gateway Statistics: Volume by Provider
- Businesses on Stripe generated $1.9 trillion in 2025, the only full-year figure in the table below.
- Adyen’s EBITDA was €641.5 million in H1 2026, with an EBITDA margin of 49%.
- PayPal processed 6.8 billion payment transactions in Q2 2026, and its TPV rose 9% on a currency-neutral basis.
- Shopify Payments handled 68% of Shopify’s GMV in the three months ended June 30, 2026.
- Square GPV grew 13% year over year in Q2 2026, reflecting strong GPV growth from new sellers.
| Provider | Volume metric | Period | Reported volume |
|---|---|---|---|
| Stripe | Total volume | 2025 | $1.9 trillion |
| Adyen | Processed volume | H1 2026 | €803.8 billion |
| PayPal | Total payment volume (TPV) | Q2 2026 | $486.4 billion |
| Shopify Payments | GMV facilitated | Q2 2026 | $78.1 billion |
| Square | Gross payment volume (GPV) | Q2 2026 | $72.8 billion |
Source: Stripe 2025 annual letter, Adyen H1 2026 results, PayPal Q2 2026 results, Shopify Form 10-Q Q2 2026, Block Q2 2026 shareholder letter
About This Data
The data spans 2015 to October 2026 and comes from 19 sources. They are 13 company filings, letters, and pricing pages, 4 central bank, regulator, and World Bank publications, and 2 industry research pages from Worldpay and Baymard Institute. Baymard’s abandonment reasons come from its own US survey, and its benchmark rate averages multiple studies. Volume and fee figures come only from operators or official bodies, and paid market-size estimates are excluded. Figures are reviewed on a rolling basis and updated when sources publish new editions.
What are the top payment gateways by volume?
No single source ranks payment gateways on one common measure, because each operator reports a different metric over a different period. Stripe reports total volume of $1.9 trillion for 2025, and Adyen reports €803.8 billion for H1 2026. PayPal reports quarterly TPV of $486.4 billion for Q2 2026, and our Stripe statistics page tracks Stripe in more detail.
Stripe Total Payment Volume by Year
- Businesses built on Stripe processed more than $817 billion in total volume in 2022, up 26%.
- Stripe users processed a volume equivalent to 1% of global GDP in 2023.
- Total payment volume grew 38% in 2024, reaching a scale equivalent to around 1.3% of global GDP.
- Businesses on Stripe generated $1.9 trillion in total volume in 2025, up 34% from 2024 and equivalent to roughly 1.6% of global GDP.
- Stripe’s Link checkout is now used by more than 200 million people.
View the data
Stripe’s 2022 letter noted that ecommerce, which it called an imperfect but relevant comparison, grew 7% that year.
Recent Developments
- July 28, 2026: PayPal reported Q2 2026 TPV of $486.4 billion, up 10%, and said it is raising its full-year non-GAAP guidance.
- August 5, 2026: Square’s US GPV growth accelerated to 10% year over year, the strongest US growth rate since Q2 2023.
- August 5, 2026: Global Payments reported adjusted net revenue up approximately 34% to $3.16 billion, or about 4% on a normalized basis that includes Worldpay’s pre-acquisition results.
- August 5, 2026: Shopify’s quarterly filing showed $21.4 billion of additional GMV facilitated using Shopify Payments, growth of 38%.
- August 13, 2026: Adyen reported H1 2026 net revenue of €1,302.9 million, up 19%, and closed the Talon.One and Orb acquisitions after the half.
Payment Gateway Volume Growth Rates
- Shopify Payments GMV grew 38% in Q2 2026, the highest rate in the table below.
- Stripe’s volume grew 26% in 2022, which Stripe called a significant deceleration from the growth of 2020 and 2021.
- Adyen’s net revenue grew 19% in H1 2026, or 21% on a constant currency basis, slower than its volume.
- Square’s International GPV grew 28% year over year in Q2 2026, against 10% for US GPV.
- PayPal’s TPV grew 9% in Q2 2026 on a currency-neutral (FXN) basis.
View the data
Why it matters: Shopify attributed its Shopify Payments revenue increase of $624 million to a higher penetration rate and more GMV from merchants. Gateways attached to a commerce platform can grow faster than the platform itself, because they win share of checkout on top of merchant growth. The periods differ, so the rates show direction rather than a ranking.
Adyen Processed Volume and Net Revenue Statistics
- Adyen’s Digital pillar processed €427.9 billion in H1 2026, with net revenue of €719.7 million, up 13% YoY.
- Unified Commerce net revenue reached €417.7 million, up 25% YoY, driven by global retail merchants and food and beverage.
- Platforms net revenue reached €165.5 million, up 37% YoY, and 37 platform customers process over €1 billion annually.
- In-person volume grew 28% YoY to €175.7 billion, and in-person payments now represent 22% of total volume, up from 21% in H1 2025.
- The number of transacting terminals reached 838,000, up 27% YoY.
View the data
EMEA generated €722.5 million of Adyen’s net revenue in H1 2026, representing 55% of the total. Latin America net revenue increased 43% YoY to €85.3 million.
View the data
Key finding: Adyen’s take rate landed at 16.2 bps in H1 2026, which the company attributes to expected volume tiering as enterprise merchants process at larger scale on its infrastructure. That is the cost of scale in gateway pricing: the largest merchants route more volume and pay less per euro for it.
Our Adyen statistics page follows the company’s merchant and headcount figures across reporting periods.
PayPal Total Payment Volume by Quarter
- PayPal’s TPV reached $486,448 million in the quarter ended June 30, 2026, up from $443,547 million a year earlier.
- Payment transactions increased 8% to 6.8 billion in Q2 2026.
- Active accounts increased 0.3% to 439 million, and decreased by 0.2 million on a sequential basis.
- Payment transactions per active account rose 3% to 60.0 on a trailing 12-month basis.
- PayPal said branded checkout has further stabilized, with strong momentum in Venmo and Braintree.
View the data
PayPal’s volume grows faster than its active-account base, so growth now comes from more payments per account rather than from new users. The PayPal statistics page breaks down accounts and revenue in more detail.
Square Gross Payment Volume Statistics
- Total Square GPV reached $72,848 million in Q2 2026, up from $64,248 million in Q2 2025.
- Square’s International GPV grew 28% year over year, or 25% in constant currency.
- GPV from food and beverage sellers was up 20% year over year.
- Block’s company-wide operating income was $447 million, while Block’s Adjusted Operating Income reached a record $864 million in Q2 2026.
View the data
The US share of total Square GPV slipped from 81% in Q2 2025 to 78% in Q2 2026, while the International share rose from 19% to 22%.
View the data
Shopify Payments Penetration Statistics
- In Q2 2026, the Shopify Payments penetration rate was 68%, resulting in GMV of $78.1 billion facilitated using Shopify Payments.
- Higher penetration and GMV growth drove $21.4 billion of additional GMV facilitated using Shopify Payments, a growth of 38%.
- At Shopify, the platform facilitated GMV of $216.3 billion in the six months ended June 30, 2026, an increase of 33%.
- Total revenue for the same six months was $6.8 billion, an increase of 34%.
| Period | Penetration rate (%) | GMV via Shopify Payments ($ billions) |
|---|---|---|
| June 2025 quarter | 64 | 56.6 |
| June 2026 quarter | 68 | 78.1 |
Source: Shopify Form 10-Q, quarter ended June 30, 2026
Higher penetration on a fast-growing GMV base lets Shopify Payments grow faster than the platform’s own merchant volume. Our Shopify Payments statistics page covers merchant counts and regional rollouts.
Digital Wallet Share of Payment Value
- Digital wallets now account for 56% of global e-commerce transaction value and 33% of in-store spending.
- Worldpay based the report on 63,000+ consumers across 42 markets.
- US consumers spent more than $16 trillion via credit, debit, and prepaid cards in 2025.
- Buy now, pay later accounts for 6% of US e-commerce value and is forecast to grow at 13% annually through 2030.
View the data
In the US, digital wallets represent 40% of online transaction value and 17% of in-store point-of-sale value. For a gateway, a wallet button is now table stakes online, while the US remains a card-led market at the counter.
Payment Gateway Fees
- Stripe charges 2.9% + 30¢ per successful transaction for domestic cards on standard pricing.
- Stripe adds 1% if currency conversion is required, and charges 5.99% + 30¢ for Klarna buy now, pay later.
- On its standard Payments pricing, Stripe lists stablecoin payments at 1.5% of the transaction amount in USD, including conversion to fiat and AML screening, while stablecoins offered through Link carry a 0.8% per-transaction promotional rate through January 1, 2027, with 0.2% added thereafter.
- For domestic payments received by US business accounts, PayPal charges 2.29% plus a fixed fee for QR code transactions.
- PayPal’s transaction expense rate was 0.90% in Q2 2026.
| Provider | Payment type | US list price |
|---|---|---|
| Stripe | Domestic cards | 2.9% + 30¢ |
| Stripe | International cards | +1.5% |
| Stripe | Stablecoins (standard Payments pricing) | 1.5% |
| Stripe | Stablecoins via Link (promotional through January 1, 2027) | 0.8% |
| Stripe | ACH Direct Debit | 0.8%, $5.00 cap |
| PayPal | PayPal Checkout (US domestic) | 3.49% + fixed fee |
| PayPal | Standard credit and debit cards (US domestic) | 2.99% + fixed fee |
| PayPal | Pay Later options (US domestic) | 4.99% + fixed fee |
Source: Stripe pricing page and PayPal merchant fees page, October 2026
What are the downsides of using a payment gateway?
The main costs are a fee on every sale and exposure to declines. Stripe’s standard rate is 2.9% + 30¢ per domestic card transaction, and among US online shoppers who abandoned a cart for a reason other than just browsing, 10% cited a declined credit card. Our card decline statistics page covers decline rates in more depth.
US Card Payment Statistics
- Cards’ share of noncash payments reached 79% in 2024, up from 77% in 2021 and 71% in 2015.
- Cards’ share of the total value of noncash payments was 8% in 2024.
- Debit card payments reached 120.6 billion in 2024, accounting for 64% of all card payments by number.
- Credit card payments increased to 67.1 billion in 2024, up 16.2 billion from 2021.
- ACH payments rose to $104.06 trillion in 2024, lifting ACH’s share of noncash payments by value to 74%.
| Year | Card payments (billions) | Card payment value ($ trillions) |
|---|---|---|
| 2015 | 101.5 | 5.52 |
| 2018 | 131.2 | 7.07 |
| 2021 | 157.7 | 9.43 |
| 2024 | 187.7 | 11.50 |
Source: Federal Reserve Payments Study 2025, Table 1
The Federal Reserve found that credit card payments grew faster than debit card payments for the first time in almost a decade. Cards remain the bulk of noncash payments by number, which is the checkout traffic gateways route every day.
Payment Fraud Statistics
- Total value of fraud across the European Economic Area increased to €4.2 billion in 2024.
- The EEA payment fraud rate stayed stable at around 0.002% of the total value of transactions in 2024.
- Transactions verified with strong customer authentication were generally less susceptible to fraud, especially card payments.
- The EBA and ECB flag the manipulation of payers as a new type of fraud on the rise.
View the data
Worth noting: Card payment fraud was 17 times higher when the payment recipient was outside the EEA, where SCA is not legally required and often not used, according to the EBA and ECB. For gateways, cross-border acquiring carries a fraud cost that domestic European card traffic largely avoids.
The credit card fraud statistics page tracks card fraud losses outside Europe.
Checkout Abandonment and Payment Friction
- Baymard Institute calculates an average cart abandonment rate of 70.22%, based on 50 different studies.
- Among US online shoppers who abandoned a cart for a reason other than just browsing, 19% did not trust the site with their credit card information.
- Among the same abandoning shoppers, excluding the just-browsing segment, 9% said there weren’t enough payment methods.
- Presenting BLIK payments to customers in Poland drives an average 46% increase in checkout conversion on Stripe, and Pix brings a 31% uplift in Brazil.
- Adyen increased customer conversion by 0.9 percentage points on average by the end of H1 2026.
| Reason for abandoning checkout | Abandoning US shoppers, excluding just browsing (%) |
|---|---|
| Extra costs too high | 40 |
| Delivery was too slow | 20 |
| Did not trust site with card details | 19 |
| Site wanted an account | 18 |
| Checkout too long or complicated | 17 |
| Website had errors or crashed | 17 |
| Returns policy wasn’t satisfactory | 13 |
| Couldn’t see or calculate total cost up-front | 12 |
| Credit card was declined | 10 |
| Not enough payment methods | 9 |
Source: Baymard Institute, 2025; shares of US online shoppers who abandoned a cart, excluding the just-browsing segment
Excluding the just-browsing segment, 40% of US online shoppers who abandoned a cart cited extra costs (shipping, tax, fees). Baymard’s listed reasons add up to 182%, so many shoppers named more than one reason. After switching to Stripe, Gatwick Airport’s payment acceptance rose by 2.5 percentage points. Payment friction and failed authorizations are revenue a gateway can recover, which is why gateways such as Stripe and Adyen now report conversion gains alongside price.
How common are digital merchant payments in developing economies?
China is the example the Global Findex report gives of much higher adoption: 80% of adults there made a digital merchant payment in 2024. Across low- and middle-income economies, 42% of adults made a digital merchant payment in a store or online, a 7 percentage point increase from 2021. When data for China are excluded, the low- and middle-income average falls to 24% of adults. That gap shows how much one market lifts the developing-world average for digital merchant payments.
Conclusion
Stripe’s $1.9 trillion in 2025 volume and Adyen’s €803.8 billion in H1 2026 show how much commerce now flows through a handful of gateways. At Adyen, net revenue growth trailed processed volume growth by 5 percentage points in H1 2026. For Adyen, the pressure has moved from winning volume to defending margin, while standard list fees across gateways stay near three cents on the dollar.
Digital wallets already carry 56% of global e-commerce value, and stablecoin payments volume doubled to around $400 billion in 2025. Our editorial view, based on the operator data above, is that wallets, local payment methods, and stablecoin rails will decide which gateways keep compounding volume.
