Forbes:

Stripe's potential for an initial public offering (IPO) is gaining momentum, fueled by the recent financial performance of its international subsidiary, Stripe Payments International Holdings. A mandatory filing in Ireland reveals that the Dublin-based entity achieved its first profit in five years during 2024, reporting a pre-tax profit of $102 million. This marks a substantial improvement from the $1.2 billion loss incurred the previous year. Stripe Payments International Holdings, which houses approximately one-quarter of Stripe’s global workforce, experienced a 34% increase in revenue, reaching $5.1 billion. Further analysis of the financial data suggests a strategic emphasis on operational efficiency, demonstrated by reduced costs per employee and stable overall expenses. The subsidiary's robust performance provides concrete evidence supporting claims made by Stripe's co-founders in their annual letter, where they announced the parent company's profitability in 2024.