Dear Stripe community,

2024 was a good year for the internet economy and for our users: in aggregate, their revenue processed on Stripe grew seven times faster than that of all companies in the S&P 500.

We’re as enthusiastic as ever about the long-term trends in the internet economy. Hopefully you’ll read this letter and agree.

If this letter has piqued your interest, consider joining us at Stripe Sessions, our in-person annual conference, on May 6–8 at the Moscone Center in San Francisco (register today with code S25AnnualLetter for a complimentary pass).

Thank you for your trust.

John Collison