Stripe processed $1.4 trillion in payment volume in FY2024 — a number that is roughly equivalent to 6% of global GDP and that grew from $817 billion in FY2022 without a single day of Stripe being a publicly traded company. Patrick Collison and John Collison have maintained private ownership through a valuation trajectory that reached $159 billion in a 2026 tender offer, creating one of the highest-valued private companies in history while preserving the operating latitude that comes from not managing quarterly earnings expectations. The San Francisco and Dublin company generated an estimated $6.9 billion in net revenue in FY2024, up from $5.1 billion in FY2023 and $4.0 billion in FY2022. The revenue figure represents Stripe's take rate — the margin retained after paying card networks, issuing banks, and payment processors their fees from the gross payment volume. As volume grows, the absolute revenue grows even if the take rate compresses modestly, because the incremental infrastructure cost of processing an additional dollar of payments approaches zero. The Stripe Connect platform is the revenue multiplier that most coverage of Stripe's core payments business underweights. Connect enables platforms — Shopify, Lyft, Squarespace, Amazon Marketplace sellers — to embed payments, onboard sellers, split payouts, manage compliance, and handle cross-border transfers for their own customers. A marketplace running on Connect pays meaningfully more per transaction than a simple merchant using Stripe Checkout, because the compliance management, payout routing, and cross-border capabilities are higher-value services than basic payment acceptance. And Connect customers — platforms rather than individual merchants — are nearly impossible to churn because ripping out Stripe's compliance and payout infrastructure requires rebuilding it from scratch. The 2025 Bridge acquisition added stablecoin infrastructure to Stripe's product portfolio, positioning the company to process payments settled in digital currencies alongside traditional card and bank transfer rails. The acquisition reflects Stripe's consistent pattern of moving ahead of regulatory clarity to establish technical position in payment infrastructure categories that will matter in three to five years rather than waiting for the market to fully validate the opportunity.