Stripe processed $1.9 trillion in total volume, up 34% from the prior year. That volume equals roughly 1.6% of global GDP, the headline figure in the company’s most recent annual letter and the anchor for the Stripe statistics that follow. The same letter put Stripe’s programmable financial services behind more than 5 million businesses, directly or via platforms.
Stripe is private, which changes what can be known about it. There are no securities filings, no audited revenue line and no quarterly disclosure schedule to hold the company to. The Stripe statistics below therefore come from three places only. Stripe’s own annual letters and newsroom releases supply the operating data. Its tender-offer announcements supply the valuation, and the filed results of listed rivals supply the comparison.
Key Takeaways
- Stripe’s total volume reached $1.9 trillion, a 34% increase that lifted its share of global GDP to roughly 1.6%.
- Stripe’s most recent valuation of $159 billion came from an employee tender offer, not from a public market price.
- PayPal’s total payment volume grew 7% to $1.79 trillion over the same year, against Stripe’s 34%.
- Stripe’s Revenue suite is on track to hit a $1 billion annual run rate this year.
- Stripe powers 90% of the Dow Jones Industrial Average, the share metric with the clearest denominator.
- Stablecoin payments volume doubled to around $400 billion, 60% of which is estimated to represent business-to-business payments.
Editor’s Choice
- Total volume in 2025: $1.9 trillion.
- Valuation at the February 2026 tender offer: $159 billion.
- Businesses on the platform directly or via platforms: more than 5 million.
- Stripe Link registered users: more than 200 million people.
- Programmable wallets powered by Privy: more than 110 million.
- Transactions from Black Friday through Cyber Monday: more than 578 million.
Stripe Total Payment Volume by Year
- Total volume reached $1.9 trillion in the most recent year, up 34% from the year before.
- That volume equals roughly 1.6% of global GDP, up from 1% two years earlier.
- The prior year’s volume was $1.4 trillion, a 38% increase.
- Two years before that, the figure was $1 trillion, or 1% of global GDP.
- More than 5 million businesses run on Stripe directly or through platforms.
- Stripe shipped more than 350 product updates across the year.
- Volume is disclosed once a year and is not broken out by region, product, or quarter.
| Year | Total payment volume | Year-over-year growth | Share of global GDP |
|---|---|---|---|
| 2023 | $1 trillion | not disclosed | 1% |
| 2024 | $1.4 trillion | 38% | around 1.3% |
| 2025 | $1.9 trillion | 34% | roughly 1.6% |
Source: Stripe annual letters 2023 to 2025
In the most recent letter, businesses running on Stripe generated $1.9 trillion in total volume, up 34% from 2024, and equivalent to roughly 1.6% of global GDP. The prior year, Stripe processed $1.4 trillion in total payment volume, up 38% from the prior year, and equivalent to around 1.3% of global GDP. Two years before that, users processed a collective $1 trillion on Stripe, equivalent to 1% of global GDP.
Stripe’s programmable financial services power more than 5 million businesses directly or via platforms. Stripe remained robustly profitable, allowing it to continue investing heavily in product development, with more than 350 product updates last year. That combination is why this page works the way it does. A company with public-market scale and private-market disclosure obligations tells you the volume and almost nothing else. Our financial services coverage runs into the same wall across the private side of the sector.
About This Data
Every figure here is compiled from primary sources only. Those are Stripe’s annual letters and newsroom releases, its tender-offer announcements, PayPal’s filing on SEC EDGAR, and Adyen’s published results. The compilation window spans Stripe’s last three annual letters and the most recent peer results. Only primary or official disclosures qualified; no aggregator, technographic vendor, or market-research seller was used. Figures are reviewed on a rolling basis and updated when the sources publish new editions.
Stripe Valuation at Every Tender Offer
- The most recent valuation is $159 billion, or €135 billion.
- The prior tender offer priced Stripe at $91.5 billion, or €87.3 billion.
- The one before that priced it at $65 billion, or €60 billion.
- The Series I round set a $50 billion (€47 billion) valuation and raised more than $6.5 billion, or €6.15 billion.
- The valuation roughly tripled from $50 billion to $159 billion across three years.
- Every print came from a negotiated transaction with named buyers rather than a market price.
Stripe’s Series I round signed agreements for a Series I fundraise of more than $6.5 billion (€6.15 billion) at a $50 billion (€47 billion) valuation, and stated that it did not need this capital to run its business. Twelve months later, it signed agreements with investors to provide liquidity to current and former Stripe employees through a tender offer at a $65 billion (€60 billion) valuation. The next round came at a $91.5 billion (€87.3 billion) valuation.
Most recently, Stripe signed agreements with investors to provide liquidity to current and former Stripe employees through a tender offer at a $159 billion (€135 billion) valuation. The majority of funds came from investors including Thrive Capital, Coatue and a16z, with Stripe also using a portion of its own capital to repurchase shares.
By the numbers: Stripe’s valuation rose from $50 billion in March 2023 to $159 billion in February 2026 across four announcements, every one of them a negotiated employee-liquidity transaction or primary round rather than a public market price. Private valuations move in discrete steps set by buyers and sellers at a table, which is why they can lag or lead operating performance by a full year.
Stripe Against the Processors That File
- Stripe reported $1.9 trillion in total volume, up 34%.
- PayPal reported $1.79 trillion in total payment volume, up 7%.
- Adyen reported €1,394.3 billion in processed volume, up 8%.
- Excluding a single large-volume customer, Adyen’s growth is 21%.
- Adyen’s point-of-sale volume reached €311 billion, up 34%.
- PayPal’s monthly active accounts reached 227 million.
| Company | FY2025 volume metric | Reported volume | Growth | Disclosure regime |
|---|---|---|---|---|
| Stripe | Total volume | $1.9 trillion | 34% | Voluntary annual letter |
| PayPal | Total payment volume | $1.79 trillion | 7% | SEC filing |
| Adyen | Processed volume | €1,394.3 billion | 8% | Regulated results release |
Source: Stripe 2025 annual letter, PayPal SEC filing 2026, Adyen H2 2025 results
PayPal’s annual report filed with the SEC records that its total payment volume grew 7% to $1.79 trillion. Alongside it, PayPal’s monthly active accounts grew to 227 million.
Adyen’s processed volume was €1,394.3 billion, up 21% excluding a single large-volume customer, or 8% year over year including this customer. Separately, point-of-sale volumes were €311 billion, up 34% for the full year.
The comparison is directional, not exact. Each company counts a slightly different perimeter, and only two of the three answer to a securities regulator for the number. What survives the caveats is the growth gap. Readers tracking the listed side can follow the counterpart figures in our PayPal data.
Is Stripe bigger than PayPal?
Yes, on disclosed volume. Stripe reported $1.9 trillion in total volume against PayPal’s $1.79 trillion in total payment volume. The two metrics are not defined identically, and only PayPal’s is filed with a regulator, so the gap is smaller than it looks. On growth, the difference is unambiguous: 34% against 7%.
Who is Stripe’s biggest competitor?
By volume, the closest publicly measurable peers are PayPal at $1.79 trillion and Adyen at €1,394.3 billion for 2025. Adyen is the nearer competitor by business model, since both sell payment infrastructure to enterprises rather than a consumer wallet, and Adyen’s processed volume grew 21% excluding a single large-volume customer.
Recent Developments
The six items below run from June 2026 through August 2026.
- August 25, 2026: Ten years on in Singapore, more than 80,000 businesses and solopreneurs in Singapore now use Stripe, including Supabase, serving customers in more than 150 countries.
- August 19, 2026: Stripe agreed to acquire OpenRouter, which helps businesses route and optimize token usage across 400+ models from more than 80 providers.
- August 19, 2026: Stripe launched Stripe Treasury in Australia, letting businesses pay suppliers, contractors, and third parties in nearly 100 countries with just an email address.
- July 21, 2026: Ramp launched stablecoin accounts allowing users to hold balances, pay anywhere in the world at any hour, and earn up to 3.25% in rewards on Stripe infrastructure.
- June 15, 2026: Stripe began providing the financial infrastructure for an AWS Web Application Firewall capability that returns a machine-readable HTTP 402 Payment Required response when an AI agent requests a protected resource.
- June 9, 2026: Stripe announced a partnership with Lloyds, the UK’s largest digital bank, to power Lloyds Accept, a suite of payment tools for UK small businesses.
Stripe Statistics That Are Never Published
- Stripe has never published an annual revenue figure in any letter or newsroom release.
- The Revenue suite is tracking toward a $1 billion annual run rate.
- That is up from the $500 million run rate disclosed a year earlier.
- Stripe Billing is used by more than 300,000 companies.
- Billing manages nearly 200 million active subscriptions.
- Profitability is described qualitatively every year and quantified in none of them.
| Metric | Does Stripe publish it? | Most recent disclosed value |
|---|---|---|
| Total payment volume | Yes, annually | $1.9 trillion |
| Company valuation | Yes, at each tender offer | $159 billion |
| Annual revenue | No | not disclosed |
| Net profit | No | described as robustly profitable |
| Revenue suite run rate | Yes | $1 billion annual run rate |
| Active subscriptions on Billing | Yes | nearly 200 million |
Source: Stripe annual letters 2024 and 2025
Beyond payments, Stripe’s Revenue suite, comprising Stripe Billing, Invoicing, Tax and more, is on track to hit an annual run rate of $1 billion this year. A year earlier, the figure was half that: Stripe’s Revenue and Finance Automation Suite, built around Billing, passed a $500 million revenue run rate. Adoption is disclosed too: Stripe Billing is used by more than 300,000 companies and manages nearly 200 million active subscriptions.
Stripe publishes no audited company-wide annual revenue figure in any letter or newsroom release, so every whole-company revenue number circulating for it is somebody’s model. We report the Revenue-suite run rates Stripe does publish and decline to estimate the rest.
Which Public Companies Run on Stripe
- 90% of the Dow Jones Industrial Average runs on Stripe.
- 80% of the Nasdaq 100 runs on Stripe.
- 80% of the Forbes Cloud 100 and 78% of the Forbes AI 50 build on it.
- Half of the Fortune 100 used Stripe as of the prior annual letter.
- Stripe Atlas accounts for 25% of all newly created Delaware corporations.
- No regulator publishes processor market share, so these index shares are the only ones with a fixed denominator.
Stripe powers 90% of the Dow Jones Industrial Average and 80% of the Nasdaq 100. Stripe also serves 80% of the Forbes Cloud 100 and 78% of the Forbes AI 50. In the prior year’s letter, half of the Fortune 100 used Stripe, alongside NVIDIA, PepsiCo, NewsCorp and Comcast. Among newer companies, 25% of all Delaware corporations are now created with Stripe Atlas.
These are the only Stripe share figures worth quoting, because each one names its denominator. A vendor percentage built from crawled checkout scripts tells you how many sites carry a tag, not how many dollars move. The same distinction shapes how we read processor data on the listed side, including NVIDIA as a Stripe customer rather than a payments peer.
What big companies use Stripe?
Stripe’s disclosures name NVIDIA, PepsiCo, NewsCorp and Comcast among its enterprise customers, and put half of the Fortune 100 on the platform. Stripe powers 90% of the Dow Jones Industrial Average and 80% of the Nasdaq 100, and 78% of the Forbes AI 50 as well.
Stripe’s Stablecoin and Wallet Footprint
- Stablecoin payments volume doubled to around $400 billion.
- Roughly 60% of that volume is estimated to be business-to-business.
- Stripe Link is used by more than 200 million people.
- Privy powers more than 110 million programmable wallets.
- Phantom, at 20 million monthly active users, is issuing Bridge-backed cards.
- Bridge volume more than quadrupled over the year.
The price of Bitcoin dropped precipitously, and stablecoin payments volume doubled to around $400 billion, 60% of which is estimated to represent business-to-business payments. Bridge, the stablecoin orchestration platform Stripe acquired, saw volume more than quadruple. On the wallet side, Link is now used by more than 200 million people and Privy powers more than 110 million programmable wallets.
Card issuing is the bridge between the two systems. Bridge partnered with Visa to introduce cards that allow businesses and consumers to spend their stablecoins just like any other card, with the payment deducted from a stablecoin balance and automatically converted to the local currency.
Phantom, one of the most popular crypto wallets with 20 million monthly active users, is using Bridge to roll out stablecoin-backed cards to its customers. Readers comparing settlement economics across card rails will find the counterpart figures in our Visa transaction data.
Stripe also went a layer deeper. Stripe unveiled Tempo, a blockchain purpose-built for payments, incubated together with Paradigm, with companies including Visa, Nubank and Shopify already testing it for global payouts, embedded finance and remittances. Klarna became the first bank to launch a stablecoin, KlarnaUSD, on the Tempo testnet, using Bridge’s Open Issuance to facilitate faster and cheaper cross-border settlement. The bank-issued stablecoin question is the one to watch here, and we track it through Klarna and its stablecoin pilot.
Why it matters: Stablecoin payments volume doubled to around $400 billion during 2025 while Bitcoin’s price fell, and roughly 60% of that volume is estimated to be business-to-business, according to Stripe’s 2025 annual letter. The divergence matters because it separates stablecoins as a settlement rail from crypto as an asset class, a distinction most payment-industry forecasts still collapse.
Conversion and Authorization Uplift on Stripe
- BLIK lifts checkout conversion by an average of 46% in Poland.
- Pix delivers a 31% average conversion uplift in Brazil.
- Adaptive Pricing drives an average 17.8% uplift in cross-border revenue.
- A card-tap NFC authentication trial with DoorDash lifted conversion while cutting chargebacks.
- Stripe credits its Payments Foundation Model, Radar, and Authorization Boost for the gains.
- Each figure is an average across businesses, not a guaranteed outcome for any one merchant.
Presenting BLIK payments to customers in Poland drives an average 46% increase in checkout conversion, and offering Pix does the same for customers in Brazil, with a 31% average conversion uplift. Separately, Adaptive Pricing, which automatically localises pricing for international customers, drives an average 17.8% uplift in cross-border revenue.
Authentication is where the next gains are being tested. Stripe began testing a new authentication method that lets customers tap their card against their phone, validating the card’s NFC chip to prove the cardholder has the card in hand, and DoorDash has seen meaningful increases in conversion versus previous fraud checks while reducing chargeback rates. That is a possession check rather than an identity check, which puts it a step behind the direction of travel we cover in Biometric authentication.
Payment Optimization Results by Named Customer
- Gatwick Airport’s payment acceptance rose 2.5 percentage points after switching.
- FICO gained 1 percentage point of authorization rate in an A/B test.
- Ro saw a 2% authorization gain and a 3% drop in dispute activity.
- Hertz increased authorization rates by 4%.
- Forbes saw a 23% revenue boost on subscription payments.
- Turo captured $114 million in additional annual revenue.
| Customer | Metric | Reported change |
|---|---|---|
| Gatwick Airport | Payment acceptance | rose by 2.5 percentage points |
| FICO | Authorization rate | 1 percentage point increase |
| Ro | Authorization rate | 2% increase |
| Ro | Dispute activity | 3% decrease |
| Hertz | Authorization rate | 4% increase |
| Turo | Additional annual revenue | $114 million |
Source: Stripe annual letters 2024 and 2025
After switching to Stripe, Gatwick Airport’s payment acceptance rose by 2.5 percentage points. Following an A/B test against its former payment provider, FICO implemented Stripe and saw a 1 percentage point increase in authorization rates. Telehealth company Ro saw a 2% increase in auth rates and a 3% decrease in dispute activity over the last 12 months with Stripe.
From the prior year’s letter, Hertz increased authorization rates by 4% when it moved its payments to Stripe, while Forbes saw a 23% boost in revenue with Stripe managing its subscription payments. Elsewhere, carsharing marketplace Turo captured $114 million in additional annual revenue with Stripe’s Optimized Checkout Suite.
Microsoft evaluates the precise performance of each of its payment service providers on a monthly basis, and is now routing a larger share of its payments through Stripe.
Stripe Capital Lending Data
- Funding volume grew 45% year over year.
- Stripe Capital supported more than 81,000 businesses.
- Financed businesses grew 27 percentage points faster than comparable peers.
- The fastest-growing decile grew more than 3x faster than peers.
- Businesses with low credit scores grew 11 to 18 percentage points faster.
- Repayment is taken as a share of subsequent sales rather than on a fixed schedule.
| Stripe Capital metric | Reported value |
|---|---|
| Funding volume growth from 2024 to 2025 | 45% |
| Businesses supported | more than 81,000 |
| Average growth advantage for financed businesses | 27 percentage points |
| Growth advantage, fastest-growing decile | more than 3x faster than peers |
| Growth advantage, low credit scores | 11 to 18 percentage points |
Source: Stripe 2025 annual letter, February 2026
Funding volume grew 45% from 2024 to 2025, with Stripe Capital supporting more than 81,000 businesses. Over two years, Stripe ran a randomized study on the effect and found that businesses that accepted Capital offers grew 27 percentage points faster over the following year than comparable businesses that didn’t.
Dispersion matters as much as the average here. The fastest-growing decile of financed businesses grew more than 3x faster than comparable peers, and even businesses with low credit scores grew 11 to 18 percentage points faster after receiving financing.
Peak Load Over Black Friday and Cyber Monday
- More than 578 million transactions ran across the four days.
- Total payment volume topped $40 billion.
- Cyber Monday alone cleared more than $10 billion.
- More than 150,000 users recorded their best day ever.
- Cross-border volume grew 37%, from $3.2 billion to more than $4.4 billion.
- Stripe Radar prevented more than 24.6 million fraudulent transactions.
- API uptime held above 99.9999% at a peak of more than 152,000 transactions per minute.
Beyond payment volume, several operational metrics from the same release describe how that four-day stretch performed under load.
| Black Friday to Cyber Monday metric | Reported value |
|---|---|
| Transactions processed | more than 578 million |
| Users recording a best day ever | more than 150,000 |
| Cross-border volume growth | 37% |
| Fraudulent transactions prevented | more than 24.6 million |
| API uptime | more than 99.9999% |
| Peak throughput | more than 152,000 transactions per minute |
Source: Stripe Black Friday Cyber Monday release, December 2025
From Black Friday through Cyber Monday, businesses on Stripe processed more than 578 million transactions with a total payment volume of more than $40 billion, the largest four-day period in Stripe’s history, capped by a Cyber Monday that saw more than $10 billion in payment volume. More than 150,000 users had their best day ever, including Shopify, Lovable, Wix and beehiiv.
International volume grew fastest of all. Cross-border transaction volume over the period grew 37% year over year, up from $3.2 billion to more than $4.4 billion. That growth rate outpaced the total, which is the clearest single signal in Stripe’s data that the platform’s centre of gravity is moving offshore. It matches what we see across cross-border payments more broadly.
Reliability held up under the load: Stripe’s API maintained an uptime of more than 99.9999%, and more than 24.6 million attempted fraudulent transactions were prevented by Stripe Radar. Peak volume ran at more than 152,000 transactions per minute.
The 2025 Business Cohort on Stripe
- 57% of new companies joined from outside the United States.
- The cohort grew around 50% faster than the prior year’s intake.
- Companies reaching $10 million ARR within 3 months of launch doubled.
- More than 100,000 claimable sandboxes were created from AI coding tools.
- Stripe Atlas company formations rose 41%.
- 20% of Atlas startups charged a first customer within 30 days, up from 8% in 2020.
Many more new companies joined Stripe than ever before, with more than half of them (57%) based outside the US, and the cohort grew around 50% faster than the 2024 cohort. The number of companies reaching $10 million ARR within 3 months of launch was double the 2024 count. More than 100,000 sandboxes have been created through Stripe’s claimable-sandbox route from AI coding tools.
Incorporation data moved the same way. Stripe Atlas saw a 41% increase in company formations last year, and 20% of Atlas startups charged their first customer within 30 days, up from 8% in 2020.
Stripe’s Country and Payment-Method Coverage
- Managed Payments lets businesses sell into 195 countries.
- Localized checkout launched in more than 100 countries at once.
- More than 120 payment methods are supported out of the box.
- Treasury pays into nearly 100 countries across 10 convertible currencies.
- 30% of international revenue comes from outside the home market and the top 10 economies.
- More than six in ten Singapore-based Stripe users sell internationally.
Asian businesses selling digital products can sell to customers in 195 countries while Stripe handles indirect tax, disputes, fraud protection, and customer support through Stripe Managed Payments. Stripe enabled businesses to launch a localized checkout in more than 100 countries simultaneously, complete with localized pricing, more than 120 payment methods, and local tax compliance supported out of the box.
Settlement reach is narrower. Businesses running on Stripe Treasury can pay suppliers, contractors, and third parties in nearly 100 countries with just an email address, and instantly convert between 10 supported currencies.
Among Stripe businesses with mostly international revenue, 30% of that revenue comes from countries that are neither their home market nor one of the top 10 global economies. More than six in ten Singapore-based Stripe users sell internationally. Coverage breadth is where a processor’s wallet strategy shows up. The mobile-wallet layer sits alongside it rather than inside it, as our data on Apple Pay and Google Pay sets out.
What is Stripe’s annual revenue and current valuation?
Stripe’s current valuation is $159 billion (€135 billion), set through a tender offer with investors including Thrive Capital, Coatue and a16z. Its annual revenue is not public. Stripe has never disclosed a company-wide revenue or profit figure in any annual letter or newsroom release, and describes itself as remaining robustly profitable without quantifying it.
The closest published proxies are two figures. Total volume reached $1.9 trillion, and the Revenue suite is on track to hit an annual run rate of $1 billion this year, up from the $500 million revenue run rate the Revenue and Finance Automation Suite passed a year earlier. Any figure presented as Stripe’s annual revenue is an outside estimate rather than a company disclosure, and should be read that way.
How quickly is Stripe growing?
Stripe’s total volume grew 34% in the most recent year, following 38% the year before. The percentage eased while the absolute annual increase kept rising, since each successive year adds a larger base. Company formations through Stripe Atlas grew 41% over the same period.
Conclusion
Stripe moved $1.9 trillion for its customers, grew 34%, and carries a $159 billion valuation set through a tender offer rather than a market. The company that publishes those two numbers publishes no revenue figure at all. That absence is the single most useful caveat to carry into any set of Stripe statistics. The peer data makes the position concrete: PayPal grew 7% on $1.79 trillion, and Adyen grew 8% on €1,394.3 billion.
Three operational figures transfer beyond Stripe: local method coverage moving checkout conversion by an average of 46% in Poland, authorization gains of 1 percentage point at FICO and 2% at Ro, and a stablecoin rail that doubled to around $400 billion while token prices fell. Concentration is the theme underneath all of it, the same pattern we track in S&P 500 profit distribution.
