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Braintree had $1.53 trillion TPV in 2023[0], and it's just a subsidiary of Paypal which has tanked to $40 billion market cap despite revenue and profit that are
by purple_ferret 7mo ago
Braintree had $1.53 trillion TPV in 2023[0], and it's just a subsidiary of Paypal which has tanked to $40 billion market cap despite revenue and profit that are probably lightyears ahead of Stripe.
Honestly, I wouldn't touch Stripe with a ten foot poll at this valuation. Fintech is an industry that just disappoints in the end.
[0]https://www.paypal.com/us/braintree https://www.paypal.com/us/braintree
- boringg 7mo agoI don't know you have paypal and stripe in the same sentence. Paypal is not a great service at all.
- jez 7mo agoPaypal TPV YoY growth for 2025 was 7%[1]. Stripe cites 34% growth for the same period and metric. [1]: https://s205.q4cdn.com/875401827/files/doc_financials/2025/q4/PYPL-4Q-25-Earnings-Presentation.pdf#page=9 https://s205.q4cdn.com/875401827/files/doc_financials/2025/q...
- christkv 7mo agoThats not bad for a mature business like paypal
- valzam 7mo agoI mean it's not like Stripe was founded yesterday. Stripe: 2010 Paypal: 1998 I'd argue that 99% of the "internet gdp" happened after Stripe was founded
- skinnymuch 7mo agoI’m not the most well versed but isn’t that still insane to be 4x valuation of PayPal? Maybe it’s more PayPal valuation being crap vs Stripe being too high. Adyen is close to PayPal with a PE of 30 (vs PayPal’s sub-10) and Adyen like PayPal is close to being back to its IPO level. PayPal seems crazy when it has acquired businesses like Honey (probably hasn’t helped) and Braintree/Venmo since then. Pretty funny PayPal was spun off as the better growth stock but eBay has tripled since then and their market caps are the same now.
- rprend 7mo agoThis multiple is indirectly a bet on AI growth , because Stripe is the payment processor for the vast majority of AI startups.