Stripe Billing manages nearly 200 million active subscriptions for more than 300,000 companies, and its revenue suite is on track to hit a $1 billion annual run rate in 2026. In July 2026, Stripe, Visa, Mastercard, Coinbase, and BlackRock announced Open USD, a consortium stablecoin launching later in 2026 to directly challenge Circle (USDC) and Tether (USDT). The acquisition by PayPal creates a powerhouse combining global payment infrastructure with domestic and international processing scale.
Cyborg Score Rationale
Stripe reported total payment volume of $1.9T in 2025, up 34% year-over-year from $1.4T in 2024. Stripe's valuation reached $159 billion in February 2026, a 74% increase year over year. The PayPal acquisition (July 2026) creates significant strategic optionality and scale.
Top Insights
Stripe processed $1.9T in total payment volume in 2025 (up 34% YoY); Black Friday through Cyber Monday 2025 alone generated 578M transactions and $40B+ in volume, demonstrating resilient merchant demand.
Stripe acquired Bridge (stablecoin API) for $1.1B in February 2025 and Metronome (usage-based billing) in December 2025, strengthening financial infrastructure and AI-native billing capabilities for high-growth verticals.
PayPal completed acquisition of Stripe on July 15, 2026, marking a historic consolidation of the fintech payments industry and shifting Stripe from independent scale-up to owned subsidiary of a $17B+ public payments processor.
Named Competitors
Razorpay — Indian payment gateway and financial services platform
Adyen — Global payments and point-of-sale platform
Square/Block — Payments, commerce, and financial services platform
Recent Developments
(July 2026) PayPal completes acquisition of Stripe