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Ripple targets $900 million annualized product revenue run rate by end of 2026

Ripple expects to reach a $900 million annualized product revenue run rate by the end of 2026 as institutional adoption accelerates and its RLUSD stablecoin expands.

Graphic showing the Ripple logo alongside Ripple CEO Brad Garlinghouse.
Image: @crypto_banter

Ripple announced it is on track to exit 2026 with a $900 million annualized product revenue run rate, propelled by institutional business growth and cross-product integration following acquisitions in 2025. Earlier in the year, CEO Brad Garlinghouse had targeted a $1 billion annualized run rate by late 2026, excluding native tokens held on the company's balance sheet.[1][2][3]

The revenue forecast coincides with substantial milestones across Ripple's product offerings. The company's RLUSD stablecoin reached between $2.5 billion and a $2.6 billion market cap, while its payments business is nearing $150 billion in lifetime volume. Ripple reported that it now serves more than 1,700 institutions, with over $16 trillion in transactions enabled across its product suite in 2025.[2][3]

Kicking off its Swell 2026 conference, Ripple also disclosed partnerships with firms including BNY and Robinhood, alongside securing final approval from the Office of the Comptroller of the Currency for a National Trust Bank charter.[2]

Key facts

  • Ripple projects reaching a $900 million annualized product revenue run rate by the end of 2026.
  • Ripple CEO Brad Garlinghouse previously targeted a $1 billion run rate by the end of 2026, excluding native tokens held on Ripple's balance sheet.
  • The company now serves more than 1,700 institutional clients.
  • Ripple's RLUSD stablecoin has reached $2.5 billion according to The Block, and a $2.6 billion market cap according to Crypto Briefing.
  • Ripple's payments business is approaching $150 billion in lifetime volume.
  • Ripple announced partnerships with BNY and Robinhood, and received final OCC approval for a National Trust Bank charter.
  • Over $16 trillion in transactions were enabled across Ripple's products in 2025.

Sources 路 3 sources

  1. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃RIPPLE EXPECTS $900 MILLION ANNUALIZED PRODUCT REVENUE RUN RATE! Ripple expects to reach a $900 million annualized product revenue run rate as its institutional business expands, according to @TheBlockCo. The figure is tied to growth across its products, including the RLUSD stablecoin. Earlier this year, CEO Brad Garlinghouse had targeted a $1 billion run rate by the end of 2026, excluding ripple:native held on the company鈥檚 balance sheet.

    Open source
  2. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃搱NEW: Ripple expects to reach a $900M annualized product revenue run rate by the end of 2026 as institutional adoption accelerates. The company now serves over 1,700 institutions, while its $RLUSD stablecoin has reached a $2.6B market cap. https://t.co/DxJD5U3y4N

    Open source
  3. TB

    The BlockArticle 路

    Ripple expects $900 million annualized product revenue run rate as institutional business expands Ripple expects a $900M annualized product revenue run rate by end of 2026, as RLUSD reaches $2.5B and payments near $150B in lifetime volume.

    Open source