Stripe Is on Track to Turn a Profit With $1 Trillion in Volume

Stripe Inc. has told potential investors it will turn a profit this year and is on track to process $1 trillion in payments.

The payments giant forecast adjusted earnings before interest, taxes, depreciation and amortization of $100 million this year, according to people familiar with the matter. That compares with a loss of about $80 million in 2022, when Stripe processed $800 billion, the people said, asking not to be identified discussing internal financial information.

Stripe CEO Patrick Collison

Photographer: David Paul Morris/Bloomberg

Stripe has been in talks with investors after it hired JPMorgan Chase & Co. and Goldman Sachs Group Inc. last month to explore options ...