Stripe’s last priced tender offer in February 2026 established a $159 billion valuation, up 74 percent from the prior year’s $91.5 billion mark, amid 34 percent growth in 2025 payment volume to $1.9 trillion and revenue rising 32.5 percent to $6.79 billion. Secondary-market quotes on platforms such as Forge and Clarity have since implied values between $180 billion and $196 billion as of early October, supported by expanding AI and crypto-related revenue, the August acquisition of OpenRouter for roughly $7.5–8 billion, and the late-September agreement to acquire Parafin to scale embedded credit products. With founders emphasizing the advantages of remaining private and no IPO filing, trader-implied odds reflect sustained growth momentum and acquisition-driven optionality rather than near-term public-market events.