Скачать или смотреть Stripe’s 2025 annual letter

The internet economy accelerated in 2025. The fastest-growing companies got even faster, agentic commerce and stablecoin payments started to kick into gear, and total payment volume on Stripe grew by a third as our customers continued to prosper.

Our annual letter covers the trends that we think are worth paying close attention to as the pace of change accelerates.

Annual letter: https://stripe.com/annual-updates/2025

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Key moments:
01:48 The sorting machine
05:45 Global by default
09:01 Stable progress
12:14 Working capital’s working. Capital!
15:09 Escaping from low revenue mode
18:33 The five levels of agentic commerce
23:52 A Republic of Permissions