category:
  id: company-milestones
  label: Company milestones
  description: Company-wide Stripe events, from annual volume and revenue figures to licenses, regulatory actions, and changes to how the company operates.
  order: 11
events:
  - id: milestone-2026-fortune-google-comparison
    title: Fortune compares Stripe's recent acquisitions to early Google
    date: 2026-09-02
    date_precision: day
    confidence: reported
    status: press analysis
    summary: Fortune's Term Sheet newsletter compared Stripe's acquisitions since late 2024 with Google's buying from 2003 to 2007, which included DoubleClick, AdSense, the company behind Google Earth, Android, and YouTube. Finance editor Jeff John Roberts, filling in as the newsletter's writer, listed Privy and Bridge (wallets and stablecoins), Orum (account verification and bank transfers), and Metronome (usage-based billing), and wrote that Stripe had closed a deal worth around $7.5 billion for OpenRouter. He also wrote that a PayPal bid made that spring fell apart after PayPal's share price rose and a $60.50 offer looked cheap. James Wester of Javelin Strategies said the miss may be for the best on cultural fit, and noted that Stripe is still private, unlike Google after its 2004 IPO. The column did not announce a new Stripe transaction.
    details:
      - label: Outlet
        value: Fortune Term Sheet
      - label: Author
        value: Jeff John Roberts
      - label: Google examples named
        value: DoubleClick, AdSense, the firm behind Google Earth, Android, and YouTube
      - label: Stripe deals named
        value: Privy, Bridge, Metronome, Orum, OpenRouter, and a reported PayPal bid
      - label: OpenRouter
        value: Fortune described the deal, worth around $7.5 billion, as closed. Stripe had announced an agreement on August 19, 2026, and no completion had been reported.
      - label: PayPal
        value: Fortune said a spring bid of $60.50 a share fell apart after the share price rose
      - label: Orum
        value: Stripe hired Orum's team; industry reporting described it as an acquihire, not a purchase of the full platform
      - label: Analyst named
        value: James Wester, research director at Javelin Strategies
      - label: Column thesis
        value: Fortune said Stripe was absorbing firms to consolidate core payments and add blockchain and AI
      - label: Other comparison
        value: Also compared Stripe's public relations, including Cheeky Pint, to early Google, and flagged later antitrust risk
    people:
      - Jeff John Roberts
      - James Wester
    organizations:
      - Stripe
      - Fortune
      - Google
      - PayPal
    tags:
      - acquisitions
      - reporting
    source_ids:
      - source-9c466fc8dea536980804
  - id: milestone-2026-information-2025-revenue
    title: The Information reports Stripe 2025 revenue of $6.8 billion
    date: 2026-07-22
    date_precision: day
    confidence: reported
    status: reported annual figure
    annual_revenue:
      calendar_year: 2025
      display: $6.8 billion
      kind: revenue
      qualifier: reported
      value_usd: 6800000000
    summary: The Information reported that Stripe's revenue jumped by a third to $6.8 billion in 2025, citing a person familiar with the company's financial figures. Stripe declined to comment. The 2025 annual letter published $1.9 trillion in total volume and did not state a company net-revenue dollar figure.
    details:
      - label: Label in source
        value: “Revenue,” not “net revenue”
      - label: Official letter
        value: The 2025 annual update did not publish a company net-revenue dollar figure
    metrics:
      - label: Company revenue
        value: $6.8 billion
      - label: Cash
        value: $3.2 billion
        context: The Information titled this as cash generated in 2025
    organizations:
      - Stripe
      - The Information
    tags:
      - net-revenue
      - financials
      - reported-figure
    source_ids:
      - source-fc9e74a8ea6a2a5fdbcf
  - id: milestone-2026-ftc-debanking-warning
    title: FTC chairman sends Stripe a warning letter about potential debanking violations
    date: 2026-03-26
    date_precision: day
    confidence: confirmed
    status: warning; no finding or enforcement action stated
    summary: 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.
    details:
      - label: Action type
        value: Warning letter from the FTC chairman
      - label: Legal framing
        value: Potential violations related to debanking under Section 5 of the FTC Act
      - label: Findings
        value: The letter raised concerns and possible consequences; it announced no factual finding, investigation result, or penalty
      - label: Other recipients
        value: PayPal, Visa, and Mastercard
    people:
      - Patrick Collison
      - Andrew N. Ferguson
    organizations:
      - Stripe
      - Federal Trade Commission
      - PayPal
      - Visa
      - Mastercard
    locations:
      - United States
    tags:
      - regulation
      - debanking
      - warning-letter
      - united-states
    source_ids:
      - source-1aceab1f7585dbec2798
      - source-af73a183fc7223ea0d57
  - id: milestone-2026-2025-volume-1-9-trillion
    title: Stripe reports $1.9 trillion in 2025 total volume
    date: 2026-02-24
    date_precision: day
    confidence: confirmed
    status: annual disclosure
    annual_volume:
      calendar_year: 2025
      display: $1.9 trillion
      kind: total-volume
      qualifier: published-value
      value_usd: 1900000000000
    summary: Stripe's 2025 annual update reported $1.9 trillion in volume, more than five million businesses, broad blue-chip adoption, Link use by more than 200 million people, and continued profitability.
    details:
      - label: Growth
        value: Total volume increased 34% from 2024
      - label: Profitability
        value: Stripe described itself as robustly profitable
      - label: Product activity
        value: More than 350 product updates during 2025
    metrics:
      - label: Total volume
        value: $1.9 trillion
      - label: Share of global GDP
        value: 1.6%
      - label: Businesses powered
        value: 5 million+
        context: Directly or through platforms
      - label: Dow Jones Industrial Average adoption
        value: 90%
      - label: Nasdaq 100 adoption
        value: 80%
      - label: Delaware corporations formed with Atlas
        value: 25%
      - label: Link users
        value: 200 million+
        context: Stripe said Link is now used by more than 200 million people
      - label: Privy programmable wallets
        value: 110 million+
      - label: Revenue suite run-rate target
        value: $1 billion
        context: Stripe said the suite was on track to reach this annual run rate in 2026
      - label: Stablecoin payments volume
        value: ~$400 billion
        context: Industry stablecoin payments, not Stripe total volume. Stripe said volume doubled in 2025, with 60% estimated to be B2B
      - label: Bridge volume
        value: more than quadrupled
        context: After Stripe acquired Bridge
      - label: Capital funding volume growth
        value: 45%
        context: From 2024 to 2025, supporting more than 81,000 businesses
      - label: Atlas company formations
        value: 41%
        context: Increase in 2025
      - label: New businesses outside the United States
        value: 57%
        context: Of companies that joined Stripe in 2025
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
    tags:
      - annual-letter
      - company-scale
      - payment-volume
      - profitability
    source_ids:
      - source-bd6516ac551f19c37d33
      - source-6a0d2f89102ce3fbce2c
      - source-b0b89523a82f07bb5fbf
  - id: milestone-2026-us-entity-converts-to-llc
    title: Stripe's US contracting entity converts from Inc. to LLC
    date: 2026-01
    date_precision: month
    confidence: confirmed
    status: entity conversion
    summary: 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.
    details:
      - label: Former entity
        value: Stripe, Inc.
      - label: New entity
        value: Stripe, LLC
      - label: Scope
        value: Stripe's US contracting entity
      - label: Dates
        value: Stripe's user-terms notice says January 5; its service-provider list says January 3
    organizations:
      - Stripe, Inc.
      - Stripe, LLC
    locations:
      - United States
    tags:
      - legal-entity
      - corporate-structure
      - united-states
    source_ids:
      - source-7209b823727c000ddf0c
      - source-519ba3de493a815c1243
  - id: milestone-2025-axios-2024-revenue
    title: Axios and The Information report Stripe 2024 revenue of $5.1 billion
    date: 2025-03-27
    date_precision: day
    confidence: reported
    status: reported annual figure
    annual_revenue:
      calendar_year: 2024
      display: $5.1 billion
      kind: revenue
      qualifier: reported
      value_usd: 5100000000
    summary: Axios reported that Stripe grew revenue 28% to $5.1 billion in 2024 and doubled free cash flow to $2.2 billion, citing The Information.
    details:
      - label: Label in source
        value: “Revenue,” not “net revenue”
      - label: Not SPIH turnover
        value: Irish SPIH 2024 statutory turnover of $5.12 billion is a regional subsidiary figure and is not merged into this series
    metrics:
      - label: Company revenue
        value: $5.1 billion
      - label: Free cash flow
        value: $2.2 billion
        context: Axios wrote “free-cash flow”
    organizations:
      - Stripe
      - Axios
      - The Information
    tags:
      - net-revenue
      - financials
      - reported-figure
    source_ids:
      - source-8ddd4f01e0e9f309416f
      - source-ed2f69cea5410893f4d4
  - id: milestone-2025-2024-volume-1-4-trillion
    title: Stripe reports $1.4 trillion in 2024 payment volume
    date: 2025-02-27
    date_precision: day
    confidence: confirmed
    status: annual disclosure
    annual_volume:
      calendar_year: 2024
      display: $1.4 trillion
      kind: payment-volume
      qualifier: published-value
      value_usd: 1400000000000
    summary: Stripe's 2024 annual update reported $1.4 trillion in payment volume, durable profitability, Billing use by more than 300,000 companies, and adoption by half of the Fortune 100.
    details:
      - label: Growth
        value: Total payment volume increased 38% from 2023
      - label: Profitability
        value: Stripe said it was profitable in 2024 and expected to remain so
      - label: Research strategy
        value: The company emphasized reinvesting operating earnings in research and development
    metrics:
      - label: Total payment volume
        value: $1.4 trillion
      - label: Share of global GDP
        value: 1.3%
      - label: Fortune 100 adoption
        value: 50%
      - label: Forbes Cloud 100 adoption
        value: 80%
      - label: Forbes AI 50 adoption
        value: 78%
      - label: Delaware corporations formed with Atlas
        value: 1 in 6
      - label: Billing companies
        value: 300,000+
      - label: Active subscriptions on Billing
        value: ~200 million
        context: Stripe said Billing manages nearly 200 million active subscriptions
      - label: Revenue suite run rate
        value: $500 million+
        context: Stripe said the suite, with Billing at its core, had passed this annual revenue run rate
      - label: AI agent startups
        value: "700"
        context: Launched on Stripe in 2024
      - label: Vertical SaaS platforms
        value: 14,000+
        context: Using Stripe to offer payments services to their customers
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
    tags:
      - annual-letter
      - company-scale
      - payment-volume
      - profitability
    source_ids:
      - source-1dc5f19b6950b5352d21
      - source-7352cb026d7532bed248
      - source-3e4b14d0f80fefdf0c49
  - id: milestone-2024-2023-volume-1-trillion
    title: Stripe crosses $1 trillion in annual payment volume
    date: 2024-03-13
    date_precision: day
    confidence: confirmed
    status: annual disclosure
    annual_volume:
      calendar_year: 2023
      display: $1 trillion
      kind: payment-volume
      qualifier: published-value
      value_usd: 1000000000000
    summary: Stripe's 2023 annual letter reported that businesses processed $1 trillion on the platform and that the company was robustly cash-flow positive.
    details:
      - label: Profitability
        value: Stripe said it was robustly cashflow positive in 2023 and expected to be again in 2024
      - label: Scale comparison
        value: Stripe described the volume as roughly 1% of global GDP
    metrics:
      - label: Total payment volume
        value: $1 trillion
      - label: Share of global GDP
        value: About 1%
      - label: Growth from 2022
        value: 25%
      - label: Users above $1 billion annual volume
        value: 100+
      - label: Delaware corporations formed with Atlas
        value: 1 in 6
      - label: Atlas companies
        value: 50,000+
        context: Stripe said they were on track to collectively earn $5 billion a year
      - label: Revenue and finance automation businesses
        value: hundreds of thousands
      - label: Revenue suite run-rate target
        value: $500 million
        context: Stripe said it expected the suite's annual revenue run rate to pass this amount over the next year
      - label: Black Friday and Cyber Monday volume
        value: $18.6 billion
        context: Stripe called this its largest four-day period to date, with more than 300 million transactions
      - label: AI company revenue growth
        value: 249%
        context: Aggregate revenue from AI companies on Stripe in 2023
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
    tags:
      - annual-letter
      - company-scale
      - payment-volume
      - cash-flow-positive
    source_ids:
      - source-ddbe3d4d89188692563b
      - source-ed092678fc3313192a56
      - source-778dec66237076ba11ec
      - source-cc9b12a37f2d1a496c07
  - id: milestone-2023-information-q3-net-revenue
    title: The Information reports Stripe Q3 2023 net revenue of roughly $1 billion
    date: 2023-12-21
    date_precision: day
    confidence: reported
    status: reported quarterly figure
    summary: Cory Weinberg's December 21, 2023, Information article reported that Stripe's net revenues grew by about 35% to roughly $1 billion in the third quarter. Contemporaneous excerpts define net revenues as what Stripe takes in after passing a large cut to card companies and other financial institutions.
    details:
      - label: Period
        value: Third quarter 2023, not a full year
    metrics:
      - label: Net revenue
        value: ~$1 billion
        context: Third quarter 2023
    organizations:
      - Stripe
      - The Information
    tags:
      - net-revenue
      - financials
      - reported-figure
    source_ids:
      - source-81088c3e0016890db48d
  - id: milestone-2023-2022-volume-817-billion
    title: Stripe reports more than $817 billion in 2022 total volume
    date: 2023-04-05
    date_precision: day
    confidence: confirmed
    status: annual disclosure
    annual_volume:
      calendar_year: 2022
      display: $817 billion+
      kind: total-volume
      qualifier: lower-bound
      value_usd: 817000000000
    summary: 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.
    details:
      - label: Growth
        value: Total volume increased 26% from 2021
      - label: Large-user cohort
        value: More than 100 companies processed over $1 billion each through Stripe during the year
      - label: Product activity
        value: 244 user-facing features and 336 API updates
    metrics:
      - label: Total volume
        value: $817 billion+
      - label: Year-over-year growth
        value: 26%
      - label: Users above $1 billion annual volume
        value: 100+
      - label: New businesses per day
        value: 1,000+
      - label: New businesses outside the United States
        value: 55%
      - label: Forbes Cloud 100 adoption
        value: 75%
      - label: People transacting with Stripe-powered businesses
        value: 1 in 10
        context: Worldwide, in 2022
      - label: Payment Links created
        value: 10 million+
        context: During 2022
      - label: Active in-person Terminal devices
        value: 100,000+
      - label: Atlas company formations versus 2019
        value: 155%
        context: More new Atlas companies in 2022 than in 2019
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
    tags:
      - annual-letter
      - company-scale
      - payment-volume
    source_ids:
      - source-4c2b6be236dc25d35aff
      - source-c368358c8a9f73e7acf1
      - source-1d80dbeb44c91482c943
      - source-d55818d6a09a46cf8b73
  - id: milestone-2022-workforce-reduction
    title: Stripe announces a 14% workforce reduction
    date: 2022-11-03
    date_precision: day
    confidence: confirmed
    status: restructuring announced
    summary: Patrick Collison told employees that Stripe would reduce its team by about 14%, saying the founders had overhired after pandemic-era ecommerce growth.
    details:
      - label: Reason given
        value: Costs and staffing had been built for a faster-growth environment than Stripe expected in 2022 and 2023
      - label: Founder accountability
        value: Patrick and John Collison said they were fully responsible for the decisions leading to the reduction
      - label: Severance floor
        value: At least 14 weeks, with more for longer tenure
    metrics:
      - label: Workforce reduction
        value: About 14%
      - label: Pandemic-era growth
        value: 3x+
        context: Stripe's stated revenue and payment-volume growth since the pandemic began
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
    tags:
      - workforce
      - layoffs
      - restructuring
    source_ids:
      - source-7974addf5e18ced26551
  - id: milestone-2022-forbes-2021-net-revenue
    title: Forbes reports Stripe 2021 net revenue of nearly $2.5 billion
    date: 2022-05-26
    date_precision: day
    confidence: reported
    status: reported annual figure
    annual_revenue:
      calendar_year: 2021
      display: ~$2.5 billion
      kind: net-revenue
      qualifier: approximate
      value_usd: 2500000000
    summary: Forbes reported that Stripe's net revenue, which excludes the cut passed to partners such as Visa and Chase, reached nearly $2.5 billion in 2021, citing sources with knowledge of the financials. The same piece reported nearly $12 billion in 2021 gross revenue. Stripe declined to comment on the figures.
    details:
      - label: Working definition
        value: Net revenue excludes the cut Stripe passes along to partners like Visa and Chase
    metrics:
      - label: Company net revenue
        value: ~$2.5 billion
      - label: Gross revenue
        value: ~$12 billion
        context: Reported by Forbes; a different measure from net revenue
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
      - Forbes
    tags:
      - net-revenue
      - financials
      - reported-figure
    source_ids:
      - source-1ed73df6933e50d0d59a
  - id: milestone-2022-2021-volume-640-billion
    title: Stripe reports more than $640 billion in 2021 payment volume
    date: 2022-04
    date_precision: month
    confidence: confirmed
    status: annual disclosure
    annual_volume:
      calendar_year: 2021
      display: $640 billion+
      kind: payment-volume
      qualifier: lower-bound
      value_usd: 640000000000
    summary: 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.
    details:
      - label: Growth
        value: Payment volume increased 60% from 2020
      - label: Context
        value: Stripe cautioned that pandemic-related behavioral shifts made the growth rate unlikely to repeat in 2022
    metrics:
      - label: Total payment volume
        value: $640 billion+
      - label: Year-over-year growth
        value: 60%
      - label: New companies per day
        value: 1,400
      - label: New nonprofits per day
        value: "100"
      - label: Businesses crossing $1 million lifetime sales per day
        value: 100+
      - label: Delaware C corporations formed with Atlas
        value: about 1 in 10
      - label: Category leaders above $1 billion
        value: 50+
      - label: 2021 technology IPOs on Stripe
        value: 60%
      - label: Daily API requests
        value: 500 million+
        context: Stripe reported 99.999% uptime
      - label: Employees
        value: 7,000
        context: Across 23 countries
    people:
      - Patrick Collison
      - John Collison
    organizations:
      - Stripe
    tags:
      - annual-letter
      - company-scale
      - payment-volume
    source_ids:
      - source-7aebf381a98587d0d180
      - source-b15628b377e66a437c88
  - id: milestone-2020-global-office-closure
    title: Stripe closes all offices during the COVID-19 pandemic
    date: 2020-03-18
    date_precision: day
    confidence: confirmed
    status: temporary global remote operation
    summary: After phasing in precautions and closing individual offices, Stripe closed every office and shifted employees and on-site contractors worldwide to working from home.
    details:
      - label: Initial precautions
        value: Work-from-home guidance, suspended travel, and a pause on office visitors began in late February
      - label: Global closure
        value: All Stripe offices were closed by the March 18 update
      - label: Vendor support
        value: Stripe said it would continue paying vendors to preserve jobs for affected hourly workers
    organizations:
      - Stripe
    tags:
      - covid-19
      - remote-work
      - operations
    source_ids:
      - source-3884ba13c1dbeb603dae
  - id: milestone-2019-remote-engineering-hub
    title: Stripe establishes Remote as its fifth engineering hub
    date: 2019-05-02
    date_precision: day
    confidence: confirmed
    status: launched
    summary: Stripe formalized Remote as a coequal engineering hub alongside San Francisco, Seattle, Dublin, and Singapore, making distributed hiring part of its operating model.
    details:
      - label: Operating model
        value: Virtual hub treated as coequal with four physical engineering hubs
      - label: Initial geography
        value: North America, beginning with the United States and Canada
      - label: Hiring goal
        value: At least 100 remote engineers during the first year
    metrics:
      - label: Initial hiring goal
        value: 100+ remote engineers
      - label: First-year hires
        value: "100"
        context: Stripe's one-year retrospective said it met the goal
      - label: Remote share after one year
        value: 22%
        context: Share of Stripe's engineering population reported in May 2020
    organizations:
      - Stripe
    locations:
      - Remote
      - United States
      - Canada
    tags:
      - remote-work
      - engineering
      - operating-model
    source_ids:
      - source-90f07d388464369c2b51
      - source-6fa2526817c31490953f
  - id: milestone-2019-irish-electronic-money-license
    title: Stripe receives Irish electronic money institution authorization
    date: 2019-03-22
    date_precision: day
    confidence: confirmed
    status: authorized
    summary: The Central Bank of Ireland authorized Stripe Technology Europe as an electronic money institution for payment, money-remittance, issuing, acquiring, and account-information services.
    details:
      - label: Authorized entity
        value: Stripe Technology Europe, Limited
      - label: Regulator
        value: Central Bank of Ireland
      - label: Reference
        value: C187865
      - label: Scope
        value: Electronic money issuance and specified payment services; Stripe is not described as a bank
    organizations:
      - Stripe Technology Europe, Limited
      - Central Bank of Ireland
    locations:
      - Ireland
      - European Economic Area
    tags:
      - regulation
      - license
      - electronic-money
      - ireland
      - europe
    source_ids:
      - source-618a6c3ce25fc7419a80
      - source-749f533b264cd161b60f
  - id: milestone-2017-first-stripe-sessions
    title: Stripe holds its first Sessions conference
    date: 2017-06-01
    date_precision: day
    confidence: reported
    status: held
    summary: Stripe convened hundreds of users for its first Sessions conference, creating the annual event that became its main venue for coordinated product announcements.
    details:
      - label: Audience
        value: Hundreds of Stripe users
      - label: Launch example
        value: Stripe Sigma debuted at the conference
      - label: Historical role
        value: Sessions later became Stripe's recurring annual user and product conference
    organizations:
      - Stripe
    related_events:
      - product-2017-sigma
    tags:
      - sessions
      - conference
      - community
    source_ids:
      - source-b51fb51f19c22188d7b9
  - id: milestone-2016-california-money-transmitter-license
    title: Stripe obtains a California money transmitter license
    date: "2016"
    date_precision: year
    confidence: confirmed
    status: licensed
    summary: Stripe Payments Company obtained a California money transmitter license.
    details:
      - label: Licensed entity
        value: Stripe Payments Company
      - label: Regulator
        value: California Department of Business Oversight, now the Department of Financial Protection and Innovation
    organizations:
      - Stripe Payments Company
      - California Department of Financial Protection and Innovation
    locations:
      - California
      - United States
    tags:
      - regulation
      - license
      - money-transmission
      - california
    source_ids:
      - source-e651876aba816022517a
      - source-5d278320d7e0662046c0
schema: stripe-history/history/v2