2026년 2월 25일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Stripe's latest valuation jump is starting to look less like a private-market blip and more like a signal about where digital payments are headed. In an employee tender offer, Stripe reached a $159 billion valuation, according to co-founder and president John Collison, up from the $106.7 billion it secured last year. Even so, Collison said there are no imminent plans for a public listing, suggesting the company may prefer to scale further in private markets rather than rush toward an IPO.
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The operating backdrop appears to support that patience. Stripe said it processed $1.9 trillion in total payment volume in 2025, up 34% from the prior year, based on its annual letter published Tuesday. Collison noted that Stripe is increasingly becoming the preferred vendor for companies building AI applications and other fast-growing platforms, while also gaining traction in the enterprise segment. He added that companies such as Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA) are switching to Stripe. Stripe also said it remained profitable last year, even as it continued to invest heavily in product development and acquisitions.
Crypto and stablecoins are becoming a larger part of that expansion. Stripe recently acquired stablecoin orchestration platform Bridge and crypto wallet provider Privy, and in January said it bought Metronome, which provides usage-based billing tools used by AI companies such as OpenAI and Anthropic. The company said stablecoin payment market volume doubled to about $400 billion last year, with roughly 60% estimated to be business-to-business transactions, while Bridge's volume more than quadrupled over the same period. To support higher stablecoin activity, Stripe unveiled its own blockchain, Tempo, incubated with Paradigm, designed for stablecoin payments and intended to avoid fee spikes and processing delays including a prior episode when a memecoin trading surge delayed payouts for one Bridge customer by more than 12 hours. Taken together, the combination of rising payment volume, enterprise share gains and deeper crypto infrastructure investment could position Stripe for continued growth, even as its public-market timeline remains undefined.
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