Stripe company milestones history

The Federal Trade Commission chairman warned Stripe and three other payment companies that denying lawful customers service inconsistently with their terms or reasonable expectations could violate the FTC Act.

Action type

Warning letter from the FTC chairman

Legal framing

Potential violations related to debanking under Section 5 of the FTC Act

Scope caution

The letter raised concerns and possible consequences; it did not announce a factual finding, investigation result, or penalty

Other recipients

PayPal, Visa, and Mastercard

Federal Trade Commission · Federal Trade Commission

Stripe's 2025 annual update reported $1.9 trillion in volume, more than five million businesses, broad blue-chip adoption, and continued profitability.

Total volume

$1.9 trillion

Share of global GDP

1.6%

Businesses powered

5 million+ · Directly or through platforms

Dow Jones Industrial Average adoption

90%

Nasdaq 100 adoption

80%

Revenue suite run-rate target

$1 billion · Stripe said the suite was on track to reach this annual run rate in 2026

Growth

Total volume increased 34% from 2024

Profitability

Stripe described itself as robustly profitable

Product activity

More than 350 product updates during 2025

Stripe · Stripe

Stripe disclosed that its US contracting entity converted from Stripe, Inc. to Stripe, LLC as part of a broader update to its global legal terms.

Former entity

Stripe, Inc.

New entity

Stripe, LLC

Scope

US contracting entity; this record does not imply a change to every Stripe affiliate worldwide

Date discrepancy

Stripe's user-terms notice says January 5, while its service-provider list says January 3; month precision avoids choosing between them

Stripe Support · Stripe

Stripe's 2024 annual update reported $1.4 trillion in payment volume, durable profitability, and adoption by half of the Fortune 100.

Total payment volume

$1.4 trillion

Share of global GDP

1.3%

Fortune 100 adoption

50%

Forbes Cloud 100 adoption

80%

Forbes AI 50 adoption

78%

Growth

Total payment volume increased 38% from 2023

Profitability

Stripe said it was profitable and expected to remain so

Research strategy

The company emphasized reinvesting operating earnings in research and development

Stripe

Stripe's 2023 annual letter reported that businesses processed $1 trillion on the platform and that the company was robustly cash-flow positive.

Total payment volume

$1 trillion

Share of global GDP

About 1%

Growth from 2022

About 25% · Comparison with the prior year's $817 billion volume

Profitability

Robustly cash-flow positive in 2023, with the same expected for 2024

Scale comparison

Stripe described the volume as roughly 1% of global GDP

Stripe · Stripe

Stripe's 2022 annual letter reported more than $817 billion in total volume, slower growth than 2021, and more than 100 companies each processing over $1 billion annually.

Total payment volume

$817 billion+

Year-over-year growth

26%

Users above $1 billion annual volume

100+

Growth

Total volume increased 26% from 2021

Large-user cohort

More than 100 companies processed over $1 billion each through Stripe during the year

Stripe · Stripe

Patrick Collison told employees that Stripe would reduce its team by about 14%, saying the founders had overhired after pandemic-era ecommerce growth.

Workforce reduction

About 14%

Pandemic-era growth

3x+ · Stripe's stated revenue and payment-volume growth since the pandemic began

Reason given

Costs and staffing had been built for a faster-growth environment than Stripe expected in 2022 and 2023

Founder accountability

Patrick and John Collison said they were fully responsible for the decisions leading to the reduction

Severance floor

At least 14 weeks, with more for longer tenure

Stripe

Stripe's 2021 annual letter reported more than $640 billion in payment volume and rapid daily growth in both new users and businesses reaching meaningful sales scale.

Total payment volume

$640 billion+

Year-over-year growth

60%

New companies per day

1,400

New nonprofits per day

100

Businesses crossing $1 million lifetime sales per day

100+

Growth

Payment volume increased 60% from 2020

Context

Stripe cautioned that pandemic-related behavioral shifts made the growth rate unlikely to repeat in 2022

Stripe

After phasing in precautions and closing individual offices, Stripe closed every office and shifted employees and on-site contractors worldwide to working from home.

Initial precautions

Work-from-home guidance, suspended travel, and a pause on office visitors began in late February

Global closure

All Stripe offices were closed by the March 18 update

Vendor support

Stripe said it would continue paying vendors to preserve jobs for affected hourly workers

Stripe

Stripe formalized Remote as a coequal engineering hub alongside San Francisco, Seattle, Dublin, and Singapore, making distributed hiring part of its operating model.

Initial hiring goal

100+ remote engineers

First-year hires

100 · Stripe's one-year retrospective said it met the goal

Remote share after one year

22% · Share of Stripe's engineering population reported in May 2020

Operating model

Virtual hub treated as coequal with four physical engineering hubs

Initial geography

North America, beginning with the United States and Canada

Hiring goal

At least 100 remote engineers during the first year

Stripe · Stripe

The Central Bank of Ireland authorized Stripe Technology Europe as an electronic money institution for payment, money-remittance, issuing, acquiring, and account-information services.

Authorized entity

Stripe Technology Europe, Limited

Regulator

Central Bank of Ireland

Reference

C187865

Scope

Electronic money issuance and specified payment services; Stripe is not described as a bank

Central Bank of Ireland · Stripe

Stripe convened hundreds of users for its first Sessions conference, creating the annual event that became its main venue for coordinated product announcements.

Audience

Hundreds of Stripe users

Launch example

Stripe Sigma debuted at the conference

Historical role

Sessions later became Stripe's recurring annual user and product conference

TechCrunch

Stripe Payments Company obtained a California money transmitter license, creating a regulated foundation for US money-movement products beyond ordinary card acquiring.

Licensed entity

Stripe Payments Company

Regulator

California Department of Business Oversight, now the Department of Financial Protection and Innovation

Date precision

Stripe's regulatory submission confirms 2016 but does not provide the license date

California Department of Business Oversight · California Department of Financial Protection and Innovation