SAN FRANCISCO, Feb 24, 2026, 05:35 PST
Stripe put its valuation at $159 billion on Tuesday, following a tender offer aimed at employees and shareholders. The company described the tender offer as a public solicitation to purchase a significant chunk of securities from existing holders.
Stripe’s valuation has surged from roughly $107 billion last year, with Axios noting it’s another indication the company isn’t hurrying to go public.
Stripe, in its annual letter, reported that businesses using its platform processed $1.9 trillion in total volume for 2025, a 34% jump from 2024. The company remains “robustly profitable.” Over the past year, Stripe pushed out more than 350 product updates, snapped up wallet company Privy, and bought billing startup Metronome. The firm now expects its Revenue suite to reach a $1 billion annual run rate within this year. Stablecoin payments drew attention too—Stripe said volume with the tokens doubled, reaching roughly $400 billion in 2025. Stablecoins, which are pegged to assets like the U.S. dollar, are designed to hold steady value. Stripeassets
Stripe’s latest tender offer will allow both current and former employees to cash out some shares while the company continues to stay private, according to the Financial Times. Investors like Thrive Capital, Coatue, and Andreessen Horowitz have signed on to buy shares; Stripe itself is putting up capital too. The FT highlighted Stripe’s $1.1 billion buyout of stablecoin platform Bridge in 2024, noting that the move now figures more prominently in Stripe’s sales pitch as it leans into what it describes as an “inflection point” driven by AI and stablecoins. “A big capital markets transaction like an IPO is not in our top 10 or 20 list of priorities,” president John Collison said in the FT story. Financial Times
Bloomberg reports, quoting Collison, that Stripe’s valuation now stands at $159 billion, a jump from the $106.7 billion tag seen last year. No IPO is in the cards just yet, according to the interview.
Last year, Stripe launched a comparable liquidity program at a $91.5 billion valuation, locking in investor deals to purchase employee shares. The company also committed to buying back stock at the same time as those investors.
Still, the $159 billion figure is pegged to a private share transaction—not a public market read. Should payments momentum slow or buyers lose enthusiasm, the next secondary sale might fetch less.
