Stripe processed $1.9 trillion in payment volume in 2025. That is 34% more than the year before and roughly 1.6% of global GDP.
In February, a tender offer valued the company at $159 billion — up from $106.7 billion just five months earlier.
That 50% jump in under six months makes Stripe one of the fastest-appreciating private companies on record at this scale.
Investors in the tender offer included Thrive Capital, Coatue, and Andreessen Horowitz. Stripe also repurchased some of its own shares.
The transaction was structured to give current and former employees liquidity without triggering the disclosure requirements of a public listing.
When asked about an IPO, co-founder John Collison was direct. “For us right now, an IPO would be a solution in search of a problem,” he told CNBC.
Going public is not “one of our top five or ten or twenty priorities,” he added. The company is “self-funding” and “growing very well.”
Stripe declared itself “robustly profitable” for the second consecutive year. It did not disclose specific revenue or net income figures.
Its Revenue suite — covering billing, invoicing, and tax automation — is on track to hit $1 billion in annual run rate during 2026.
Microsoft shifted a “significant fraction” of its payment volumes to Stripe last year. Nvidia and Amazon are also among the company’s clients.
AI startups represent Stripe’s fastest-growing customer cohort. “The 2025 startup cohort is the strongest, biggest, fastest cohort we’ve ever seen,” Collison said.
Stablecoin payment volume on Stripe doubled to roughly $400 billion in 2025. Around 60% of that came from Business-to-business transactions.
At $159 billion, Stripe is already larger by implied valuation than approximately 80% of S&P 500 companies. Whether it ever lists publicly is increasingly beside the point.