Stripe Revenue and Users Statistics 2023

Stripe Revenue Users Stats

Last Updated: February 2024

Stripe, the leading online payments platform, has been on an incredible trajectory, revolutionizing the way businesses transact in the digital age. As we dive into the year 2023, it’s time to uncover the astonishing Stripe statistics that highlight its unstoppable rise in revenue and user engagement.

With an impressive revenue surge of over 20% compared to the previous year, reaching an estimated $14 billion, Stripe solidifies its position as the go-to solution for seamless online payments.

According to a report, Stripe has forecast an expected payment volume of $1 trillion for 2023, exceeding the $800 billion that the payment platform processed in 2022.

In this article, we have compiled the most up-to-date Stripe statistics and facts that you need to know in 2023.

Stripe Key Statistics 2023

  • Stripe revenue increased to $14 billion in 2022 from $12 billion in 2021.
  • Stripe profit (EBITDA) is forecasted at $100 million in 2023, after an $80 million loss in 2022.
  • Stripe processing volume is estimated at $817 billion and is expected to reach 1 trillion in 2023.
  • Stripe users consists of 1,221,049 live websites use Stripe to accept payments.
  • Stripe market share is estimated at 19.45% globally, making it the second largest payment processing software.

Stripe Revenue 2022

Stripe Annual Revenue

Stripe revenue increased by 20% to $14 billion in 2022 from $12 billion in 2021.

Speaking of Stripe’s revenue growth, the payment giant’s gross revenue has seen a compound annual growth rate (CAGR) of 69.52% since 2017.

Financial yearRevenue
2014$40 million
2016$450 million
2017$1 billion
2018$1.5 billion
2019$2 billion
2020$7.4 billion
2021$12 billion
2022$14 billion

Source: Backlinko, Sacra.com

Revenue 2022

Stripe Profit

Is Stripe profitable? It is expected to become a profitable company in 2023. Stripe’s EBITDA is estimated at $100 million in 2023, after an $80 million loss in 2022.

Source: Bloomberg

Stripe Payment Volume

In 2022, Stripe processing volume is estimated at $817 billion. An increase of 26% from 2021, when the company processed $640 billion in transactions.

YearEstimated payment volume
2015$10 billion
2016$20 billion
2017$50 billion
2018$100 billion
2019$150 billion
2020$350 billion
2021$640 billion
2022$817 billion
2023$1 trillion

Source: CB Insights

Related: PayPal Revenue & Usage Statistics 2023

Stripe Users Statistics 2023

How Many Customers Does Stripe Have?

Speaking of Stripe’s number of active customers, 1,221,049 live websites use Stripe to accept payments as of June 2023.

When current customers are combined with historical ones, the number is estimated at 3,820,274.

Source: Builtwith.com

What Companies Use Stripe?

Over 100 companies use Stripe to process over $1 billion annually.

Company NameWebsiteRevenueLocation
Flexportwww.flexport.com$1 BillionUnited States
Instacartwww.instacart.com$1 BillionUnited States
Shopifywww.shopify.com$4 BillionCanada
Lyftwww.lyft.com$2 BillionUnited States
Wayfairwww.wayfair.com$14 BillionUnited States

Source: Stripe, infoclutch

Countries Where Stripe is Available

As of June 2023, Stripe is supported in 46 countries, as follows:

Countries Where it is Available

Stripe has expanded to 20 new nations since 2019, including Poland, Denmark, Malaysia, Mexico, and the Netherlands.

Additionally, more than 140 nations can access Stripe Atlas, a service for setting up a business in the US (Delaware).

Source: Stripe

How Many Employees Does Stripe Have?

As per the latest data, Stripe has nearly 7,000 employees.

As of mid 2022, Stripe’s number of employees numbered over 8,000. But in October 2022, the company laid off more than 1,000 workers, or 14% of its staff.

Source: Forbes

Stripe User Demographics

Among the visitors to stripe.com, males account for 61.42% of the audience, while females make up 38.58%. The largest age group of visitors falls within the 25-34 year old category.

Stripe-user-demographics

Source: Similarweb.com

Stripe Market Statistics

Stripe Market Share

Stripe’s market share is estimated at 19.45%, making it the second largest company in the payment processing industry globally.

Stripe Market Share

Source: Statista

How Much is Stripe Worth?

In March 2023, Stripe announced that it had secured over $6.5 billion in Series I funding, valuing the company at $50 billion.

As per Series H funding in March 2021, Stripe’s net worth was estimated at $95 billion.

Take a look at the Stripe’s valuation history:

Funding round, DateValuation
Seed, March 2011$20 million
Series A, February 2012$100 million
Series B, July 2012$500 million
Series C, January 2014$1.75 billion
Series C – II, December 2014$3.5 billion
Series C – III, July 2015$5 billion
Series D, November 2016$9.2 billion
Series E, September 2018$19.8 billion
Series E – II, January 2019$22.4 billion
Series G, September 2019$35.25 billion
Series G – II, April 2020$36 billion
Series H, March 2021$94.4 billion
Series I, March 2023$50 billion

Source: Company data, Backlinko

Stripe Growth Rate

Stripe’s annual revenue increased with a CAGR of 69.52% from just $1 billion in 2017 to $14 billion in 2022.

Stripe Growth

The company has a dedicated business unit serving 100+ enterprise segment clients with more than $1 billion in payment volume each.

Moreover, the payment volume of Stripe enterprise clients is showing a more than 2x increase year over year.

Source: Stripe

Stripe Competitors

Stripe vs Paypal

Stripe and PayPal are two of the most popular payment processing platforms in the world. Both offer a variety of features and services, but there are some key differences between the two.

Stripe has lower per-transaction fees, making it a good choice for businesses with high volumes of payments. Also, it is a more developer-friendly option, with a wider range of APIs and integrations.

On the other hand, PayPal’s per-transaction fees are higher than Stripe’s, and it doesn’t offer as many integrations or APIs. However, it has a larger user base, which can make it easier to attract customers.

Stripe vs Paypal Stats

MetricStripePayPal
Revenue (2022)$14 billion$27.5 billion
Market Share19%42%
Net Worth$50 billion$70 billion

Stripe vs Block (Square)

When comparing Stripe and Block (formerly Square), both platforms offer robust solutions for payment processing, but they have some differences that cater to different needs.

Stripe is known for its developer-friendly approach, making it a go-to choice for businesses that require customizable payment solutions. It also has competitive pricing and lower per-transaction fees, which can be beneficial for businesses with high payment volumes.

On the other hand, Block provides an all-in-one solution that is more user-friendly and suitable for small and medium-sized businesses. It offers a combination of payment processing, point-of-sale (POS) systems, and various business management tools. Additionally, Square places a strong emphasis on analytics and reporting, helping businesses gain insights into their sales data.

Stripe vs Block Stats

MetricStripeBlock (Square)
Revenue (2022)$14 billion$17.5 billion
Market Share19%15%
Net Worth$50 billion$40 billion

Source: Company Data

FAQs

When Was Stripe Founded?

Stripe was founded in 2010 by Patrick and John Collison, two Irish brothers. The company was founded in San Francisco, California, with the intention of simplifying the online payment process for businesses. Since its inception, Stripe has developed into a well-known and significant player in the payment processing sector, supplying businesses all over the world with innovative services and solutions.

How Much Money Does Stripe Make?

Stripe made $14 billion in revenue in 2022. Stripe’s robust customer base and high-margin business model are what drive its revenue growth. 

How Does Stripe Make Money?

As per company data, for each successful credit card transaction, Stripe charges a fee of 2.9% + 30 cents. For international transactions, this fee is a little higher. Additionally, Stripe levies a $15 chargeback fee.

What Companies Use Stripe?

From small businesses to large enterprises, a wide range of businesses use the well-known payment processing platform Stripe. The company has 100+ enterprise customers with annual payment volume over $1 billion each. Some of the most well-known companies that use Stripe include Shopify, Lyft, Wayfair, Instacart, and others.

Source: Stripe, Infoclutch.com

Has Stripe Ever Made A Profit?

According to Forbes, Stripe generated $12 billion in gross sales in 2021 and generated a profit on EBITDA.

Conclusion

In conclusion, Stripe has experienced remarkable growth and success in the online payments industry. The company’s revenue growth has seen a compound annual growth rate (CAGR) of 69.52% since 2017, further highlighting its impressive financial performance.

In terms of user statistics, Stripe serves over 1.2 million active customers, with notable companies such as Flexport, Instacart, Shopify, Lyft, and Wayfair among its users. The platform is available in 46 countries, with expansion to new nations in recent years.

Furthermore, with a valuation of $50 billion as of 2023, Stripe has attracted significant investment, contributing to its growth and market value. The company’s revenue growth, expanding user base, and profitability forecast for 2023 further reinforce its position as a major player in the payment processing industry.