Also Adyen's processing volume grew just 8% (to $1.6T usd) in 2025, while Stripe's grew 34% (to $1.9T usd).

Stripe's bigger _and_ growing faster.

the valuable part is with a caveat though. Klarna and Figma were very valuable. i find these comparisons a little pointless (private vs public company). they process similar volumes, but one is in hyper growth mode (imagine quality of it) while the other has been scaling down growth and focusing on profitable growth. Has spooked investors but I understand that Adyen are pretty focused and they are scaling nicely their capital offering. But Stripe has good focus on stablecoins, more product focused and aggressive (as all US firms are). Both have like single % of the global payment market, and if you have issues with Adyen look at others in the market - nexi, paypal, etc. I believe both stripe and adyem will grow market share at expense of others over next decade. Plenty of growth for both, and Adyen has a unified platform solution which is smth stripe doesnt. So all have advantages, and the gap in valuation isnt' something id read too much about.

Besides, if AI replaces all white collar jobs, and crashes high spending consumer economy, all payment vols will go down.

5x more valuable in a private market is meaningless, until they go public it's all magic numbers used to push whatever narrative they need.

yeah, my bad, wanted to say more valuable

Revenue is not profit. All we know about Stripe is that it's "robustly profitable": https://assets.stripeassets.com/fzn2n1nzq965/3LlGw839Q6kUwxZ...

Adyen reported 500 million EUR in pure profit: https://investors.adyen.com/financials/h2-2025-4r9rc

> adyen is cleaner as a business but it's basically a payments rail. stripe's embedded finance products ...

Where in your comment authorship pipeline were these errors introduced?