Stripe Statistics (2024): Revenue, Market Share & Growth Rate

Highlights. 1.32 million active websites globally use Stripe, and in 2022, an average of 1,000 companies joined Stripe each day.

In 2022, Stripe processed a global payment volume of $817 billion.
As of January 2024, Stripe is valued at $50 billion.
In 2021, after deducting fees paid to partners, Stripe recorded a net revenue of $2.5 billion.
Stripe holds an 18.7% market share in payment processing software.
Stripe has raised a lifetime total of $8.7 billion in investments.

Bar Graph: Payment Processors by Number of Websites Globally including Amazon Payments (1.49 million live websites), Google Pay (1.67 million), and Stripe (1.32 million) according to BuiltWith.com

Stripe User Statistics

Stripe is used by businesses in 46 countries and supports over 135 currencies and 52 payment methods, including card, bank transfer, digital wallet, and buy now, pay later.

1.321 million active websites globally used Stripe as of January 2024, including 804,000 unique domains.
2.72 million websites globally had historically used Stripe as of January 2024.
739,000 active websites in the U.S. used Stripe in January 2024, or 56.0% of all active websites using Stripe.
1 in 10 people worldwide transacted with a business using Stripe in 2022.
In 2022, 75% of the largest software companies in America used Stripe.

10 Major Companies Using Stripe
Ranking	Company	2023 Revenue (in billions)
1	Walmart	$639
2	Amazon	$554
3	Apple	$383
4	Toyota	$297
5	Google	$297
6	Samsung	$200
7	Walgreens	$139
8	AliExpress	$126
9	Target	$107
10	Wayfair	$12

Stripe User Growth Statistics

Stripe is one of the fastest growing online payment processors.

In 2022, over 1,000 new companies joined Stripe every day, an increase of 19% over the previous year.
From 2018 to 2022, the number of companies handling $1 billion or more through Stripe grew more than 50% each year.
55% of the businesses that joined Stripe in 2022 were based outside of the United States.
60% of the technology companies that went public in 2021 were Stripe customers.
Over the course of 2021, over 100 businesses per day passed $1 million in sales using Stripe.
In 2021, the number of Stripe customers based in Latin America grew by 518%; the number of APAC Stripe customers grew by 106%.

Highest Traffic Websites Using Stripe
Ranking	Website	Monthly Visits (in billions)
1	yandex.ru	3.40
2	amazon.com	2.60
3	tiktok.com	1.80
4	reddit.com	1.70
5	discord.com	1.10
6	zoom.us	0.99
7	roblox.com	0.80
8	quora.com	0.78
9	cnn.com	0.68
10	uol.com.br	0.57

Stripe Payment Volume Statistics

Stripe’s global payment volume growth peaked during the pandemic but continues to grow.

Stripe expects to have processed over $1 trillion in payments.
In 2022, Stripe processed a global payment volume of $817 billion, an increase of 26% from 2021.
From 2019 to 2022, Stripe’s global payment volume grew by 444%.
Stripe’s largest yearly increase in payment volume was in 2020, during the onset of the COVID-19 pandemic, when it jumped by 167% from $150 billion to $400 billion.
Globally, over 100 of Stripe’s customers use the platform to process more than $1 billion a year.
Stripe services handle over 500 million API requests every day.

Bar Graph: Stripe Global Payment Volume from 2015 ($10 billion) to 2022 ($817 billion) according to CB Insights and Stripe

Stripe Valuation Statistics

Stripe’s valuation peaked in 2021, and has since dipped along with many other tech companies.

In January 2024, Stripe was valued at $50 billion, making it the 7th most valuable privately held company in the world.
In 2021, Stripe was valued at $95 billion, 90% higher than its 2023 valuation.
Stripe internally cut its 2021 valuation by 28% to $74 billion in July 2022, then a further 14.9% to $63 billion in January 2023.
Since it’s initial 2011 valuation of $20 million, Stripe’s valuation has grown by 249,900%.
Stripe achieved a valuation of over $1 billion in 2014, just 3 years after its 2011 launch.

Bar Graph: Stripe Valuation from 2018 ($20 billion) to 2023 ($50 billion) according to Sacra, CNBC, and Crunchbase

Stripe Revenue Statistics

Stripe primarily generates revenue by charging for each transaction processed, as well as through a variety of additional services and revenue streams.

From 2021 to 2022, Stripe’s gross revenue increased by 20% from $12 billion to $14 billion.
In 2021, gross revenue increased by 62%; in 2020, gross revenue increased by 270%.
In 2021, after deducting fees paid to partners like Visa and Chase, Stripe recorded a net revenue of $2.5 billion.
Stripe’s partners took a total of $9.5 billion of the company’s 2021 gross revenue of $12 billion, or around 79.2% of Stripe’s 2021 gross revenue.
Stripe charges a standard rate of 2.9% of the transaction + 30 cents, earning it over $2.9 billion on every $100 billion in transactions processed.
Stripe also offers a $10 monthly payment service called Checkout and a 7 cent per transaction fraud protection service called Radar, among other services.

Bar Graph: Stripe Global Gross Revenue fr 2017 ($1 billion) to 2022 ($14 billion) according to Sacra

PayPal still leads in payment processing software, but Stripe is far ahead of its other competitors in market share.

In the U.S. payment processing market, Stripe holds an 18.7% market share.
PayPal leads the industry with a 44.7% market share.
Stripe competitors Square and Adyen hold only 0.32% and 0.09% market share respectively.
The global payment processing solutions market is expected to grow from $103.2 billion in 2023 to $160.0 billion in 2028.

Pie Chart: Websites Using Stripe by Industry Vertical including eCommerce and Other (88.07%) according to SimilarTech

Stripe Funding Statistics

Stripe has raised money through rounds of funding almost yearly since it was founded.

As of 2024, Stripe has raised a total of $8.7 billion in funding from 56 investors over the course of 20 rounds.
In 2023 alone, Stripe raised over $6.5 billion in funding, or 74.7% of the total funding it has raised since the company was founded.
Stripe’s previous largest funding round in 2021 raised $600 million.
The company’s first funding round in 2011 raised $2 million from 6 investors, including Peter Thiel and Elon Musk.

Bar Graph: Stripe Funding Rounds from 2014 ($150 million) to 2023 ($6.5 billion) according to Sacra and Crunchbase

Stripe Management Statistics

Stripe has expanded both its services and offices to several continents.

Stripe operates out of 23 offices worldwide, including 6 in North America and 8 in Europe.
Stripe now has over 7,000 employees around the world.
In November of 2022, Stripe laid off 14% of its employees and acknowledged misjudging the growth of the internet economy.

Stripe’s 10 Most Recent Acquisitions
Company	Date	Purchase Amount (millions)
Okay	May 31, 2023	Undisclosed
OpenChannel	Dec 6, 2021	Undisclosed
Recko	Oct 20, 2021	Undisclosed
Bouncer	May 14, 2021	Undisclosed
TaxJar	Apr 27, 2021	Undisclosed
Paystack	Oct 15, 2020	$200
Touchtech Payments	Apr 17, 2019	Undisclosed
Index	Mar 8, 2018	Undisclosed
Payable	Jul 26, 2017	Undisclosed
Indie Hackers	Apr 11, 2017	Undisclosed

Stripe Investment Statistics

In addition to its acquisitions, Stripe has invested extensively in many companies.

Stripe has made a total of 64 investments, most recently in Ramp, which raised $300 million.
Stripe has been lead investor in 31 or 48.4% of their investments, most recently in Archive, which raised $4 million.
Stripe has made 8 diversity investments, most recently when it was lead investor in Manara, which raised $3 million.
As of June 2023, Stripe had acquired a total of 14 companies, the most recent of which was Okay in May 2023.

Stripe’s 10 Most Recent Investments
Company	Date	Total Amount Raised (in millions)
Ramp	Aug. 23, 2023	$300
Archive	Jun. 12, 2023	$4.0
Upollo	Nov. 30, 2022	$2.73
Complete	Aug. 22, 2022	$4.0
Pulley	Jul. 13, 2022	$40
EMarketing Solutions, LLC	Jun. 30, 2022	$0.20
Dream Business Sytem	Jun. 3, 2022	$0.58
Manara	May 9, 2022	$3.0
Webzella LTD	Apr. 30, 2022	$0.131
Ramp	Mar. 21, 2022	$200

Stripe Competitor Statistics

Although PayPal still dominates the payment processing market, Adyen and Square are closer competitors to Stripe in terms of business model.

PayPal services are used by 2.32 million websites worldwide; PayPal services are used by 75.2% more websites than Stripe.
More websites use PayPal than Stripe in 164 countries; Stripe only leads in Taiwan.
In 2023, Stripe competitors Square and Adyen were valued at $41.1 billion and $37.5 billion respectively, compared to Stripe’s $50 billion valuation.
In 2021, Stripe recorded a net revenue of $2.5 billion, 127% more than Adyen’s 2021 net revenue of $1.1 billion.
Square has raised only $601 million in investments and Adyen only $266 million.

Bar Graph: Stripe Competitor Valuations including PayPal ($64.8 billion), Ayden ($37.5 billion), and Square ($41.1 billion) according to Crunchbase and Stock Analysis

Stripe Black Friday Statistics

Stripe processed massive volumes of payments on Black Friday/Cyber Monday (BFCM) of 2022 with minimal downtime.

During BFCM 2022, Stripe received over 20,000 requests per second.
During BFCM 2022, Stripe handled over $3 billion in transactions each day, or around $34,700 every second.
In just a minute of BFCM 2022 downtime, Stripe would have lost over $2 million worth of transactions.
During BFCM 2022, Stripe achieved an uptime of 99.9999%, or less than 30 seconds of downtime over the course of an entire year.

Stripe Atlas Statistics

Stripe Atlas, launched in 2016, is a service for incorporating a company that aims to make the process as simple as possible. Startups can incorporate with Atlas for an initial cost of $500.

In 2023, over 40,000 companies in total had been started through Stripe Atlas, up 167% from 15,000 companies in 2020.
In 2021, Stripe Atlas was used to start 1 in 10 new C Corporations in Delaware.
43% of Stripe Atlas users are starting a business for the first time; 25% wouldn’t have started a company without Atlas.
Businesses have been started with Stripe Atlas in 162 countries.
As of 2021, businesses started with Stripe Atlas had generated a lifetime total of over $3 billion in revenue and raised a lifetime total of $4.1 billion in capital investments.
In 2021, Stripe Atlas businesses employed 99,000 people, and planned to hire 120,000 more.

Stripe Climate Initiative Statistics

In 2020, Stripe launched Stripe Climate, a service which allows Stripe customers to direct a portion of their proceeds directly to climate initiatives like carbon capture.

Stripe Climate began with 25 beta users and a $1 million investment from Stripe itself.
In 2021, over 15,000 companies from over 40 countries purchased carbon removal through Stripe Climate.
In 2021, Stripe invested $2 million in 4 new carbon removal technologies and pledged a further $4 million in purchase commitments.
Introduced in 2023, Climate Orders allows businesses to pre-order a specific numer of carbon removal tons in the Stripe Dashboard to meet their climate targets.

Stripe Capital Statistics

In 2019, Stripe launched Stripe Capital, a lending service for small businesses with a focus on convenience and speed.

Businesses that financed with Stripe Capital grew their revenue 114% faster than those that didn’t.
Businesses that processed under $100,000 annually saw a revenue growth of 140% after borrowing from Stripe Capital.
Only 5.5% of Stripe Capital users had previously taken out a loan from a traditional lender.

The following data and insights were compiled by the Capital One Shopping team based on publicly available data.

Stripe Statistics