Stripe

Global payments infrastructure.

FintechUnited States·Founded 2010·ISO/NSO equity·stripe.com ↗

Source-audited Jun 12, 2026

Reference estimate only

4 methods · Source-audited Jun 12, 2026Low confidence (34%)

The four valuation methods disagree significantly (3.4× spread). Treat this as a wide reference range only — not a reliable point estimate.

$159B

wide range · ~$137B – ~$185B

Implied per-share: $54.6 · vs last primary +1%

This estimate reflects what informed investors are paying on secondary markets like Hiive and Forge — not the 409A valuation on your grant letter.

Valuation basis:Latest valuation event+ secondary signal · Tender · 2026-02Source-audited Jun 12, 2026

Latest valuation event

$159B

Tender Offer · 4mo ago

Secondary signal

$159.0B

Tender · 2026-02+0%

Sourced from Forge/Hiive public data. Full order books require a paid subscription; figures shown are best-effort from public disclosures.

Headcount

8,500

employees · LinkedIn+9%

LinkedIn count — directional proxy only. Historical figure sourced via Wayback Machine; treat ±15% as normal variance.

Revenue (est.)

$9.5B

annual run rate · est.

Complete company data

Every input we use, where we got it from, and how much we trust it.

✓

Source verification: Stripe 2025 Annual Letter · Bloomberg Feb 2026 · manual-source-audit-2026-06

Field	Value	Source & Verification	Confidence
Company fundamentals
Sector	Fintech	Editorial classification	high
Headquarters	United States	Company website · Crunchbase	high
Founded	2010	Company website · Wikipedia	high
Website	stripe.com	Direct	high
Latest valuation event
Post-money valuation	$159B	Stripe 2025 Annual Letter ↗[source-audited Jun 2026]	high
Round name	Tender Offer	Stripe 2025 Annual Letter ↗	high
Date	2026-02-24 (4 months ago)	Stripe 2025 Annual Letter	high
Lead investor	—	Stripe 2025 Annual Letter	high
Amount raised	Not disclosed	Stripe 2025 Annual Letter ↗	medium
Capitalization
Total fully-diluted shares	2,950M	Derived/estimated — SEC Form D filings, secondary price math, cap-table summaries[estimated — not authoritative] › notes Public total fully-diluted share count: estimated from SEC Form D filings, secondary-market pricing math (implied valuation ÷ price per share), and leaked cap-table summaries. Considered the lowest-confidence input.	low
Implied share price (illustrative only)	~$55	$159B anchor × 1000 ÷ 2950M shares[derived] › notes Wide method spread — treat as illustrative mechanics only. The last primary round is a more reliable anchor for high-stakes decisions.	low
Primary equity type granted	ISO/NSO	Public reports of company equity practices	high
Financials
Annual revenue (est.)	$9,500M	Estimated — best available public estimates (Sacra, The Information, company ARR disclosures, press reports)[estimated — not independently verified] › notes Annual revenue: best public estimates from Sacra, The Information, WSJ leaks, or company-stated ARR. Where official, we cite the source on the funding round.	medium
EV / Revenue (implied)	16.7x	Computed from valuation ÷ revenue[derived]	medium
Headcount
Employees (now)	8,500	LinkedIn — current company page count › notes Headcount: LinkedIn 'Company' page employee count, taken now and approximately 12 months ago via the Wayback Machine. Treat as a directional proxy for revenue growth, not a hard number.	medium
Employees (12 months ago)	7,800	LinkedIn company page — historical snapshot via Wayback Machine[estimated — ±15% directional proxy]	medium
12-month headcount growth	+9%	Computed[derived]	medium
Methodology inputs
Sector ETF proxy	ARKF	Editorial choice — most representative public ETF › notes Sector ETF: editorial choice of the most representative public-market proxy. Annual return: 3-year trailing average from Yahoo Finance, refreshed quarterly.	medium
ETF annual return (trailing 3-yr)	18%	Yahoo Finance · refreshed quarterly	medium

Funding history

Primary rounds reported in Bloomberg, WSJ, TechCrunch, Reuters, or SEC Form D filings (efts.sec.gov). Linked per round below.

Valuation progression (equity rounds)

Valuation progression · equity rounds

$159Blatest · Tender Offer

Total growth

2×

Primary round

Down round

Tender Offer+74%2026-02-24

$159.0B

Led by —

Source: Stripe 2025 Annual Letter ↗

Employee Tender+83%2025-02-27

$91.5B

Led by Sequoia

Source: WSJ Feb 2025(historical ref.)

Series I↓ DOWN ROUND2023-03-15

$50.0B

Led by GIC · raised $6.5B

Source: Reuters Mar 2023(historical ref.)

Series H2021-03-14

$95.0B

Led by Allianz · raised $600M

Source: TechCrunch(historical ref.)

Secondary market signals

Secondary market signals: bid/ask/trade indications from Hiive (hiive.com), Forge Global, Caplight Index, and tender prices reported in the press.

Implied valuation over time

Implied valuation · secondary market

$159B

Tender

⚠

Forge and Hiive publish aggregated market data publicly, but full order books, individual bids/asks, and confirmed trade prices require a paid account. The figures below are sourced from their public summaries, press-reported tender prices, and SEC disclosures. They represent the best publicly available signal — not a guaranteed executable price.

Date	Type	Source	Price / share	Implied valuation
2026-02-24	tender	Tender	—	$159.0B

View live indications: Hiive ↗ · SEC Form D filings ↗

Public peer comparables

Public peer comparables: editorial selection of public companies with the closest business model. EV/Revenue and growth from public 10-Q filings and Bloomberg, refreshed quarterly.

Ticker	Company	EV / Revenue	Revenue growth	As of
GPN	Global Payments Inc.	2.32x	+63%	2026-07-02
MA	Mastercard Incorporated	13.6x	+16%	2026-07-02
MELI	MercadoLibre, Inc.	2.78x	+49%	2026-07-02
NU	Nu Holdings Ltd.	8.57x	+44%	2026-07-02
V	Visa Inc.	15.52x	+17%	2026-07-02

Typical strike prices by cohort

Strike ranges by cohort: aggregated from Glassdoor, Teamblind threads, Carta's published industry data and reports from employees. Indicative only — your actual 409A at grant time is the only authoritative number.

2020 cohort

$15–$25

per share

2021 cohort

$55–$90

per share

2022 cohort

$40–$60

per share

2023 cohort

$28–$45

per share

2024 cohort

$55–$75

per share

2025 cohort

$85–$110

per share

Confidence breakdown

How much we trust each of the four valuation methods for this specific company, and why.

Method A — Peer-multiple

weight 25%suppressed23% confidence

↳ Effectively excluded from the blend — this method is structurally unreliable for this company.

Growth-weighted peer EV/Revenue: 6.0x → 10% private-company discount → 5.4x on $9500M revenue. Output implies less than half the recent market anchor ($159B) — this company is likely valued on optionality / non-revenue factors and Method A is structurally less reliable here.

Method B — Secondary-implied

weight 45%→ $159.0B40% confidence

Recency-weighted average of 1 verified secondary indications (180-day decay)

Method C — Primary time-decay

weight 20%→ $173.2B78% confidence

$159B round (2026-02-24) × 1.11× growth × 0.98× multiple decay over 0.4 years

Method D — Sector momentum

weight 10%→ $168.6B55% confidence

$159B × (1 + 18% p.j.)^0.4yr = $168.6B via ARKF ETF-proxy

Overall confidence

34%

Weighted average of the four methods. Above 60% is high, 35–60% medium, below 35% low.

Low

Worked example for an employee

Illustrative mechanics only — this shows how the equity model works, not a reliable value estimate.

Illustrative mechanics only

This example shows equity mechanics only. It is not a reliable estimate of current value because model support is weak (confidence 34%, spread 3.4×).

Show illustrative values (not a reliable estimate) ▸

Profile: a hypothetical employee who joined Stripe 24 months ago (2024-07-03) with 2,000 options at a strike price of $65/share, on the standard 4-year vesting schedule with a 1-year cliff.

Vesting

1,000 of 2,000

50% vested at month 24

Implied share price (mid)

$55

weighted average of 4 methods — low confidence

Gross vested value

$54,612

vested shares × implied price

Exercise cost

$65,000

1,000 × $65 strike

Net of exercise

gross − exercise cost

Tax (rough)

US federal only · AMT risk: low

What if the next round is…

Up round +30%

Underwater

Projected share price ($62) sits below strike — exercising would cost more than the shares are worth.

New round at +30% valuation, 15% new shares issued

Down round −30%

Underwater

Projected share price ($32) sits below strike — exercising would cost more than the shares are worth.

New round at −30% valuation, 20% new shares (higher dilution in distress)

Secondary today

Underwater

Projected share price ($46) sits below strike — exercising would cost more than the shares are worth.

Sale on the secondary market at the typical 15% discount to the mid estimate

These illustrative values use the same calculation engine as the live calculator, but the underlying model is low-confidence for Stripe. Use your own numbers as a starting point only. Try the calculator →

Transparent assumptions

What we assumed where exact data isn't available. If any of these don't match your situation, the numbers above will be off.

Fully-diluted share count

2950M shares

We don't have authoritative cap-table access for private companies. The number above is reconstructed from SEC Form D filings, secondary-market price-vs-valuation math, and leaked share-class summaries. Actual fully-diluted count (including unvested option pool and SAFEs) may differ by 5–15%.

Common-stock waterfall

1.0× to common

We assume a clean common-stock outcome — i.e. preferred-share liquidation preferences and ratchets do not extract value before common. In a down-exit, this assumption can be very wrong: preferred stack can take 30–70% of proceeds.

Private-company illiquidity discount

10% off public peers

Applied to Method A (peer-multiple). Per-company because category leaders with deep secondary markets and a clear IPO path warrant a smaller discount than early-stage names. The literature range is 10–35%; for Stripe we use 10% based on secondary-market depth, valuation history, and proximity to liquidity.

Revenue growth assumption (Method C)

34% YoY

Compounded forward from the last primary date to today to estimate the company's value drift. Set per-company based on disclosed or reported ARR trajectory. Method C is further capped at 1.3× the most recent secondary trade (if any) to stop runaway extrapolation when revenue growth outpaces what the market is actually paying.

Sector ETF momentum (Method D)

ARKF @ 18%/year

Method D applies the trailing return of ARKF as a market-proxy adjustment to the primary valuation. Crude — meant as a tiebreaker when peer and secondary data conflict, not as a primary signal.

Outlier auto-downweight

Methods >50% from median get ½ weight

Robust-statistics safety net: any method whose output strays more than 50% from the median of the other three methods has its confidence weight halved when computing the blended mid-point. Prevents a single bad extrapolation from dragging the headline.

Recency decay for secondary trades

180-day half-life (e⁻ᵈ/¹⁸⁰)

A trade from 30 days ago counts ~5× more than one from 180 days ago. Tunable; some platforms use shorter half-lives.

Tax estimate

US federal only, single filer

Uses 2024 US federal brackets, ignoring state tax, NIIT, AMT credit recovery, and any other deductions. Treat as a directional sanity check, not a tax bill.

All data from public sources. Not investment, tax, or legal advice. Not affiliated with Stripe. Last refreshed manually — see methodology for our update cadence.