Stripe company profile: valuation, funding & revenue

This Stripe company profile covers the company's valuation, revenue, funding rounds, investors and history. Stripe works in fintech, with a focus on online payments infrastructure. It was founded in 2010 and is headquartered in South San Francisco, California, United States. Its latest valuation on record is US$159 billion (tender offer) (Early 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Stripe timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2010 — Stripe is founded in South San Francisco by Patrick Collison (CEO) and John Collison.
• Feb 2025 — Employee tender offer: Not disclosed, valuing the company at US$91.5B.
• Early 2026 — Employee tender offer: Not disclosed, valuing the company at US$159B. Investors: Thrive Capital, Coatue, a16z and others; Stripe also repurchased shares.
• 2025 — Total payment volume: US$1.9 trillion in 2025, up 34%.
• 2024 — Total payment volume (prior year): US$1.4 trillion in 2024, up 38%.
• 2025 — Revenue suite (Billing, Invoicing, Tax): On track for a US$1 billion annual run rate.
• 2025 — Profitability: Company says it remained "robustly profitable".

Investors

Overview

Stripe builds the software that lets businesses accept payments online and run much of their financial operations. A developer can add a few lines of code to a website or app and start taking card payments from customers around the world. Around that core, Stripe has built products for subscriptions and billing, invoicing, tax calculation, fraud prevention, marketplace payouts, business banking features, card issuing and more. Its customers range from one-person startups to some of the largest companies in the world.

Brothers Patrick and John Collison, who grew up in Ireland, founded Stripe in 2010. Patrick is CEO and John is president. The company is widely regarded as one of the most valuable private technology companies in the world, and its annual letter, which shares key figures publicly, is one of the few windows into how a private company of its scale performs.

How Stripe makes money

Stripe's core revenue comes from fees on the payments it processes, typically a percentage of each transaction plus a small fixed fee, with custom pricing for large customers. Because it handles the whole flow of a payment, it earns more on complex, international and higher-risk transactions, and less on very large, simple ones where customers negotiate hard.

A growing share comes from software products that sit around payments. Stripe said in its 2025 annual letter that its Revenue suite, covering Billing, Invoicing and Tax, was on track to reach a US$1 billion annual run rate. Those products are less tied to payment volume and typically carry higher margins, which matters to investors because payment processing alone faces intense price competition.

Payment volume: the key public metric

Stripe doesn't publish its revenue, but it does publish its total payment volume (TPV), the total value of payments flowing through its platform:

• 2024: US$1.4 trillion, up 38% from the prior year.
• 2025: US$1.9 trillion, up 34%, roughly 1.6% of global GDP according to the company.

TPV isn't revenue. Stripe keeps only a small fraction of each payment as fees, and that fraction varies by customer and product. But TPV growth at that scale, in the mid-to-high 30% range, is a strong signal of underlying business health. Stripe has attributed part of the recent growth to AI companies, many of which use it to charge customers for subscriptions and usage.

Valuation history through tender offers

Stripe has used tender offers, where investors buy shares from current and former employees, rather than traditional primary funding rounds, to provide liquidity while staying private. Those transactions set its public valuation markers:

• February 2025: a tender offer at a US$91.5 billion valuation.
• Early 2026: a tender offer at a US$159 billion valuation, announced alongside its 2025 annual letter. Thrive Capital, Coatue, a16z and other investors supplied most of the money, and Stripe used some of its own capital to repurchase shares.

The jump from US$91.5 billion to US$159 billion in about a year reflects both Stripe's growth and renewed investor appetite for large fintech and AI-related companies. Our guide on selling startup shares before an IPO explains how tender offers like these work for employees.

Revenue: what's public

Stripe hasn't published its total revenue in the sources we used, so we show it as not disclosed. Because Stripe's fees are a percentage of volume that varies by customer, product and region, TPV can't simply be converted into revenue, and any estimate depends heavily on assumptions about its average take rate. The company has said it remains "robustly profitable," which it credits with allowing heavy investment in product development.

Competitive landscape

Stripe competes with other global payment processors, card networks' own services, large banks' merchant acquiring businesses, and regional players in many countries. For large enterprises, it often competes with established processors on price and reliability. For startups, it competes mainly on developer experience, which has been its defining strength since the beginning. Newer areas, such as stablecoin payments and financial infrastructure for AI agents, are becoming additional fronts. Reports in 2026 also described Stripe as considering acquisitions in the payments space, though no deal had been announced in the sources we used.

Why Stripe stays private

Stripe is one of the clearest examples of a company that could almost certainly go public but has chosen not to, at least so far. Tender offers let employees sell shares and investors build positions without the costs and quarterly scrutiny of being a listed company. Its profitability means it doesn't need public market capital to fund growth. For the broader market, Stripe's decision is part of a trend of large technology companies staying private far longer than in earlier eras.

What to watch next

Watch TPV growth in the next annual letter, the growth of its software revenue relative to payments, its expansion into stablecoins and AI-related payments, any acquisitions, and of course any IPO announcement. The next tender offer or financing would also update the valuation marker.

Key facts at a glance

Stripe is a payments infrastructure company founded in 2010 by Patrick and John Collison and headquartered in South San Francisco. It processed US$1.9 trillion in total payment volume in 2025, up 34%, after US$1.4 trillion in 2024. A February 2025 tender offer valued it at US$91.5 billion, and an early-2026 tender offer, funded mainly by Thrive Capital, Coatue and a16z, valued it at US$159 billion. The company says it is robustly profitable.

What this means if you're…

Choosing a payment processor: compare total cost, including international and currency fees, not just headline rates; check developer tools, fraud prevention, payout timing and support for your business model.

Selling to Stripe: a profitable, very large infrastructure company buys security, compliance, data infrastructure and specialised talent.

An employee or early investor in a late-stage startup: Stripe shows how regular tender offers can provide liquidity long before an IPO.

Latest developments (October 2026)

Stripe's February 2026 tender offer valued it at US$159 billion, with Thrive Capital, Coatue and Andreessen Horowitz supplying most of the funds, according to Bloomberg. Its annual letter reported US$1.9 trillion of total payment volume for 2025, up 34%. Co-founder John Collison said there are no imminent plans to go public. Stripe continues to invest in stablecoins and payments for AI agents. See our largest private fintech guide.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Stripe newsroom
2. Stripe annual letter
3. TechCrunch