“Financial infrastructure to grow your revenue”

Stripe is a financial technology company that provides payment processing infrastructure for Internet businesses. The company serves enterprises from startups to Fortune 500 companies, processing online and in-person payments, issuing payouts, streamlining operations, and helping businesses grow revenue. Stripe's growth is driven by its diversified business model.

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Business Model

Stripe operates as a comprehensive payment processing and financial infrastructure platform, generating revenue primarily through transaction-based fees. The company charges 2.9% plus $0.30 per successful domestic transaction, with additional fees for international payments and currency conversions.

Beyond core payment processing, Stripe has expanded into complementary financial products: Stripe Billing for subscription management, Stripe Connect for marketplace payments, Stripe Terminal for in-person transactions, Stripe Atlas for business incorporation, and Stripe Capital for merchant lending. This horizontal and vertical integration creates a unified platform handling payment acceptance, fraud prevention, invoicing, tax compliance, and financial reporting. The all-in-one approach enables cross-selling to existing customers while attracting businesses seeking consolidated financial operations.

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Scale and Growth

• Market leadership: Serves half of the Fortune 100, 80% of the Forbes Cloud 100, and 78% of the Forbes AI 50
• Global reach and coverage: Available in 50+ countries, enabling cross-border sales in 195+ countries and territories and across 135+ currencies
• Enterprise customer scale: 100+ customers processing over $1 billion annually on the platform
• Payment volume growth: $1.4 trillion in total payment volume in 2024, up 38% year-over-year
• Operational scale: Employs 5,001–10,000 people globally, with offices across North America, Europe, and Asia

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Competitive Edge

The payment processing landscape reveals strategic divergence between single-service specialists and comprehensive platform providers:

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• Market leader position: Stripe leads with comprehensive financial infrastructure spanning payments, banking, card issuance, and operations across 50 countries
• Enterprise competitors: Adyen and PayPal maintain strong positions with diversified payment solutions and established enterprise bases
• Specialized processors: Marqeta (card issuance) and Younium (subscription billing) capture specialized payment processing segments
• Traditional payment gateways: Authorize.net and other legacy processors focus on core transaction processing and gateway reliability

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Targeted Impact

Stripe empowers global economic growth by making online payments seamless, accessible, and secure for businesses of all sizes.

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What Comes Next?

Stripe is expanding into embedded finance, global banking partnerships, and AI-powered payment optimization for businesses.

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Who will benefit?

Ecommerce, SaaS platforms, marketplaces, and nonprofits gain from Stripe's global payment processing and financial tools.

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Stripe's Timeline

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Bull and Bear Case

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Prominent News

Stripe acquires Metronome to improve usage-based pricing for AI, December 5, 2025 - Stripe has agreed to acquire Metronome, a usage-based billing platform, to strengthen Stripe Billing’s metered and consumption-based pricing capabilities for software and AI companies, with plans to integrate Metronome’s tools into Stripe’s broader monetization stack.Click here to read more.

Stripe Delivers Shopping To ChatGPT Users, November 26, 2025 - Stripe and OpenAI launched “Instant Checkout,” letting ChatGPT users buy single items from Shopify and Etsy merchants directly in ChatGPT via the Agentic Commerce Protocol, which connects AI agents to merchants while leaving order processing and payments with the merchants’ existing systems. Click here to read more.

Stripe Adds Stablecoin Payments for Subscriptions, October 21, 2025 - Stripe has introduced a private-preview feature that lets U.S. subscription businesses accept recurring payments in USDC stablecoins from customers’ digital wallets while still receiving U.S. dollars in their Stripe accounts, aiming to cut cross-border costs and speed settlement for global subscriptions. Click here to read more.

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Revenue

The graph below displays the revenue and revenue growth of Stripe from 2019 to 2025.

• Stripe's revenue increased 27.75% year-over-year to $5.11 billion in 2024 with 2025 revenue forecasted at $5.84 billion

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Return on Investment (ROI)

The graph below displays Stripe's ROI over the past 180, 90, and 30 days, computed as of December 8, 2025.

• 180D: ↑ +39.88% since June 12, 2025‍
• 90D: ↑ +10.45% since September 10, 2025‍
• 30D: ↑ +2.85% since November 09, 2025

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Funding Round in USD

• Primary Funding Round: Stripe raised $6.5 billion in Series I on March 15, 2023, at a $50B valuation and a share price of $20.13
• Investors:  Series I saw participation from GIC, Goldman Sachs Asset and Wealth Management, Temasek, Andreessen Horowitz, Baillie Gifford, Founders Fund, General Catalyst, MSD Partners, and Thrive Capital‍
• Secondary Market Valuation: $129 billion on December 8, 2025, according to PM Insights‍

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Primary Round Valuation

<span class="date">2025-03-15</span>
<span class="value">$50.00B</span>

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Secondary Market Valuation

<span class="date">2025-12-08</span>
<span class="value">$129B<span>

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Valuation Change

<span class="date">primary → secondary</span>
<span class="value green">+158%<span>

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Quarterly Bid-to-Ask Volume Ratio

PM Insights presents the quarterly bid-to-ask volume ratio of Stripe from Q1 2021 to QTD 2025. The stacked bar chart below shows total quarterly bid and ask volumes alongside their relative ratios, illustrating market activity.

• Highest volume: $2.78 billion in Q1 2023‍
• Lowest volume: $185.76 million in‍ Q1 2025‍
• Largest bid-side activity: 63% of $274 million in Q1 2025
• Largest ask-side activity: 97% of $1.64 billion in Q2 2022
• QTD 2025 activity: 68% of $852.15 million were bids between October 1, 2025 and December 8, 2025

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Volatility of Composite Price

The volatility of the composite price is calculated based on price movements within a 90-day rolling window ending on each respective date. The graph below illustrates the trend in volatility of composite price for Stripe for a one year period from December 9, 2024 until December 8, 2025.

• Volatility began at 9.96% in early December 2024 and declined into January 2025
• It then rose steadily through February and March, reaching a peak of 13.49% in April 2025
• From May through June, volatility declined overall with brief periods of stabilization
• A sharp decline occurred around July 2025, followed by a modest rebound in August
• Volatility continued trending downward into late 2025, reaching a low of 3.68% on December 8, 2025

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