Stripe vs Worldpay: Revenue, Profit and Business Model
Stripe reported $6.8B of revenue in FY2025 and — of net income. Worldpay reported $4.9B of revenue in FY2023 and — of net income.
Latest financial snapshot
Financial summary
Stripe
Stripe does not publish audited financials. Reported figures put net revenue (after card network and bank costs) at about $5.1 billion in 2024 and $6.8 billion in 2025, roughly 33% growth, while total volume rose from $1.4 trillion to $1.9 trillion. Stripe has said it is robustly profitable. Its private valuation fell to $50 billion in a 2023 funding round, recovered to $91.5 billion in a 2025 tender, and reached $159 billion in a February 2026 tender offer.
Worldpay
Worldpay's ownership has changed repeatedly. Vantiv listed on the NYSE in 2012, bought the UK's Worldpay Group in 2018, and was acquired by FIS in 2019 in a deal valued at about $43 billion including debt. FIS later recorded a $17.6 billion goodwill impairment on its merchant business and, in early 2024, sold a 55% stake to GTCR at an enterprise value of about $18.5 billion. Worldpay's revenue was about $4.9 billion in 2023. In April 2025 Global Payments agreed to buy Worldpay for $24.25 billion in cash and stock while selling its Issuer Solutions business to FIS; both transactions closed in January 2026, leaving GTCR with about 15% of Global Payments' equity.
Revenue and profit by year
Stripe
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $6.8B | — | 0.0% | +33.3% | Source |
| FY2024 | $5.1B | — | 0.0% | — | Source |
Worldpay
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2023 | $4.9B | — | 0.0% | — | Source |
Where the revenue comes from
Business model and strategy
Stripe
How it makes money
Stripe earns most of its money from fees on payments it processes, typically a percentage plus a fixed fee per card transaction, with negotiated rates for large enterprises.
Growth strategy
Stripe is growing by selling more products to existing users and by moving up-market to large enterprises, while building for new payment flows. In 2025 it shipped more than 350 product updates, expanded stablecoin accounts and payouts, and launched agentic commerce tools with OpenAI.
Competitive advantage
Stripe's edge is breadth plus developer adoption. A business can start with a simple payments integration and add billing, tax, fraud, payouts, cards and stablecoin rails without switching vendors. That integration depth raises switching costs, and Stripe's data across $1.9 trillion of annual volume feeds products such as Radar and payment optimization.
Worldpay
How it makes money
Worldpay earns fees on payments it processes and acquires for merchants: a share of each transaction's value plus per-transaction and service fees, with interchange and card scheme fees passed through to issuers and networks. Its customers include large enterprise and e-commerce merchants, small and mid-sized businesses, and software platforms that embed payments into their own products.
Growth strategy
Under Global Payments, growth plans center on cross-selling: offering Global Payments' Genius POS to Worldpay's small business clients, and Worldpay's enterprise and e-commerce services to Global Payments' clients, while expanding payments embedded in software platforms.
Competitive advantage
Worldpay's main strengths are scale, a large base of enterprise and e-commerce merchants, acquiring capabilities in many countries and currencies, and distribution through software partners. Combined with Global Payments, it gains Global Payments' SMB products such as the Genius POS system and a wider geographic footprint.
Questions about Stripe vs Worldpay
Which company has higher revenue — Stripe, Inc. or Worldpay, Inc.?
Stripe, Inc. reported $6.8B (FY2025), while Worldpay, Inc. reported $4.9B (FY2023). By last reported revenue, Stripe, Inc. is the larger business, with Worldpay, Inc. reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
Which is more financially efficient — Stripe, Inc. or Worldpay, Inc.?
Stripe, Inc. generates $756k / employee in revenue per employee, while Worldpay, Inc. generates $576k / employee. Stripe, Inc. shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Stripe, Inc. and Worldpay, Inc. make money?
Stripe, Inc. and Worldpay, Inc. generate revenue in fundamentally different ways. Stripe, Inc.: Stripe earns most of its money from fees on payments it processes, typically a percentage plus a fixed fee per card transaction, with negotiated rates for large enterprises. Worldpay, Inc.: Worldpay earns fees on payments it processes and acquires for merchants: a share of each transaction's value plus per-transaction and service fees, with interchange and card scheme fees passed through to issuers and networks.
Is Stripe, Inc. bigger than Worldpay, Inc.?
By last reported revenue, Stripe, Inc. ($6.8B (FY2025)) is the larger company compared to Worldpay, Inc. ($4.9B (FY2023)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Stripe vs Worldpay overview