Stripe

Global payments infrastructure. Processed $1.9T in total payment volume in 2025 (+34% YoY). February 2026 tender offer priced at $159B — the highest valuation in company history.

Fintech🇺🇸 United StatesFounded 2010ISO/NSO equitystripe.com ↗

Compare ⇄Calculate →

Reviewed May 18, 2026 (8d ago)

Current estimate

4 methods · May 18, 2026Medium confidence (52%)

$114.5B

range $97.3B – $131.7B

Implied per-share: $120.5 · vs last primary +4%

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

Last primary round

$110B

Employee Tender · 3mo ago

Secondary signal

$110.0B

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.

Field	Value	Source	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 primary round
Post-money valuation	$110B	Bloomberg Feb 2026	high
Round name	Employee Tender	Bloomberg Feb 2026	high
Date	2026-02-26 (3 months ago)	Bloomberg Feb 2026	high
Lead investor	Sequoia / Internal	Bloomberg Feb 2026	high
Amount raised	Not disclosed	Bloomberg Feb 2026	medium
Capitalization
Total fully-diluted shares	950M	SEC Form D · secondary price math · cap-table leaks › 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 (latest primary)	$121	Valuation × 1000 / share count (= $110B ÷ 950M)	medium
Primary equity type granted	ISO/NSO	Public reports of company equity practices	high
Financials
Annual revenue (est.)	$9,500M	Sacra · The Information · press leaks › 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)	11.6x	Computed from valuation ÷ revenue	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 via Wayback Machine	medium
12-month headcount growth	+9%	Computed	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)	30%	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

$110Blatest · Employee Tender

Total growth

1×

Our estimate

$115B

Primary round

Down round

Our estimate

Employee Tender↓ DOWN ROUND2026-02-26

$110.0B

Led by Sequoia / Internal

Source: Bloomberg Feb 2026

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

Series I↓ DOWN ROUND2023-03-15

$50.0B

Led by GIC · raised $6.5B

Source: Reuters Mar 2023

Series H2021-03-14

$95.0B

Led by Allianz · raised $600M

Source: TechCrunch

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

$110B+31% vs first recorded

Bid

Trade

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
2026-02-26	tender	Tender	$116	$110.0B
2026-02-24	tender	Tender	$167	$159.0B
2026-01-12	trade	Forge	$110	$104.0B

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.	2.26x	+63%	2026-05-20
MA	Mastercard Incorporated	12.98x	+16%	2026-05-20
MELI	MercadoLibre, Inc.	2.65x	+49%	2026-05-20
NU	Nu Holdings Ltd.	8.15x	+44%	2026-05-20
V	Visa Inc.	14.54x	+17%	2026-05-20

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%→ $49.0B23% confidence

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

Growth-weighted peer EV/Revenue: 5.7x → 10% private-company discount → 5.2x on $9500M revenue. Output implies less than half the recent market anchor ($110B) — this company is likely valued on optionality / non-revenue factors and Method A is structurally less reliable here.

Method B — Secondary-implied

weight 45%→ $118.8B55% confidence

Recency-weighted average of 6 secondary indications (180-day decay)

Method C — Primary time-decay

weight 20%→ $116.7B80% confidence

$110B round (2026-02-26) × 1.07× growth × 0.99× multiple decay over 0.2 years

Method D — Sector momentum

weight 10%→ $117.3B56% confidence

$110B × (1 + 30% p.j.)^0.2yr = $117.3B via ARKF ETF-proxy

Overall confidence

52%

Weighted average of the four methods. Above 65% is high, 40–65% medium, below 40% low.

Medium

Worked example for an employee

A concrete walk-through using a hypothetical employee profile. Same engine the calculator uses — try it with your real numbers.

Profile: a hypothetical employee who joined Stripe 24 months ago (2024-05-26) 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)

$121

weighted average of 4 methods

Gross vested value

$120,538

vested shares × implied price

Exercise cost

$65,000

1,000 × $65 strike

Net of exercise

$55,538

gross − exercise cost

Tax (rough)

$7,271

US federal only · AMT risk: low

What if the next round is…

Up round +30%

$71,261

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

Down round −30%

$5,314

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

Secondary today

$37,457

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

These numbers come from the same engine as the live calculator. Walk through with your own grant: use your real numbers →

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

950M 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 @ 30%/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.