Re:Stripe Is Raising $6B to Resolve Employee Tax Issue
by lotsofpulp on Wednesday March 08, 2023 @04:29PM
(#35074986)
The Bloomberg article linked in another comment says:
> In the presentation, Stripe said it generated $14.3 billion in revenue as it processed $816 billion in payments volume last year. The company’s so-called transaction margin before losses — a measure of net revenue — rose to $3.17 billion, or 0.38% of total volume. That compares with 17 basis points for rival Adyen NV, according to the presentation.
If Stripe had notable profits or profit margins, I assume they would have shown them off in a presentation to potential investors.
> In the presentation, Stripe said it generated $14.3 billion in revenue as it processed $816 billion in payments volume last year. The company’s so-called transaction margin before losses — a measure of net revenue — rose to $3.17 billion, or 0.38% of total volume. That compares with 17 basis points for rival Adyen NV, according to the presentation.
If Stripe had notable profits or profit margins, I assume they would have shown them off in a presentation to potential investors.