Stripe’s 2024 Annual Letter is out.

TL;DR

◉ Massive Growth: Stripe processed $1.4 trillion in payments in 2024 (+38% YoY), equivalent to 1.3% of global GDP.

◉ Profitability: Stripe was profitable in 2024 and expects sustained profitability in 2025+.

◉ AI & Machine Learning: Heavy investment in AI and ML.

◉ Enterprise Adoption: Stripe is used by half of the Fortune 100

◉ Revenue Acceleration: Businesses using Stripe grow revenue 7x faster than the S&P 500.

◉ AI Boom: Stripe powers the payments for major AI players, including OpenAI, Anthropic, Midjourney, Perplexity, and others.

◉ Fraud Prevention: Reduced card testing fraud by 80% in two years, leveraging its $1.4T transaction dataset.

◉ Stablecoins & Crypto: Acquired Bridge, a top stablecoin orchestration platform, and sees stablecoins as the next financial transformation.

◉ Vertical SaaS Expansion: Stripe enables 14,000+ industry-specific SaaS platforms.

Impressive stats! Stripe continues to lead the way in payments innovation and AI integration. Looking forward to seeing their sustained profitability and further growth in 2025. 🚀