Stripe, Inc. Revenue in 2024

Stripe, Inc. reported $5.1B in revenue for fiscal year 2024. This represents a growth of 27.5% compared to the 2023 figure of $4.0B.

Here's the number that matters most: Stripe's net revenue grew to an estimated $5.1 billion in FY2024 while the company simultaneously achieved profitability for the first time. That combination — growth plus margins — is what justifies the $159 billion valuation. But context matters. That $5.1 billion represents the take rate on $1.4 trillion in payment volume, meaning Stripe keeps roughly 36 basis points of every dollar processed. That's after interchange, network fees, and bank costs flow through. The blended take rate has been declining as enterprise volume (lower margin, higher absolute dollars) grows as a share of total processing. The profitability milestone in 2024 followed painful adjustments: the 2022 layoffs cut roughly 14% of staff, and the company visibly tightened spending after years of aggressive hiring. The 2023 down-round from $95 billion to $50 billion was a public acknowledgment that growth-at-all-costs had ended. The recovery to $159 billion in 2025 secondary markets reflects confidence that Stripe's software revenue — Billing, Tax, Radar, Connect fees — carries margins closer to 70-80%, and that this higher-margin revenue is growing faster than commodity processing. If software eventually represents 40-50% of total revenue (versus an estimated 20-25% today), the margin profile looks more like a SaaS company than a payment processor. Revenue per employee sits around $600,000 — impressive for a company that must maintain 24/7 payment infrastructure across 46+ countries. The 8,500 headcount is lean relative to the operational complexity.