Stripe’s 2025 annual letter

In 2025, businesses on Stripe generated $1.9 trillion—equivalent to 1.6% of global GDP—even as the economy bifurcated. Competitive markets have always sorted between fast- and slow-growing businesses, but in 2025 the sorting machine went into high gear. This year's letter explores the unprecedented speed of the 2025 startup class, the rise of global-by-default businesses, the evolution of agentic commerce, and why we’re optimistic about the future of the internet economy.

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