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.

April 29-30 in San Francisco

Talk to our sales team

Get up and running with Stripe