---
title: "Ramp revenue and valuation"
description: "Ramp's revenue is estimated at $1.66B–$2.4B, last reported at $2B. Valued at $61.9B after raising $5.57B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/ramp.md
canonical_url: https://www.tryspecter.com/revenue-valuation/ramp
publisher: Specter
last_updated: 2026-11-01
---

# Ramp revenue and valuation

Specter estimates Ramp's annual revenue at $1.66B to $2.4B and its valuation at $51.4B to $74.4B. The company last reported $2B ARR in October 2026 and was priced at $61.9B in October 2026.

Ramp is an all-in-one finance platform for corporate cards, expenses, and bill payments.

- Estimated revenue: $1.66B to $2.4B (October 2026)
- Estimated valuation: $51.4B to $74.4B (October 2026)
- Last reported ARR: $2B (October 2026)
- Total funding: $5.57B
- Founded: 2019
- Headquarters: New York City, United States
- Employees: 6,224
- Sector: Fintech
- Specter Rank: #1,670

## Ramp revenue

Ramp last reported $2B ARR in October 2026. Specter's model puts current revenue between $1.66B and $2.4B, anchored to five reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $2B ARR | October 2026 | [This last year at Ramp has been a blast.](https://www.linkedin.com/posts/zachary-greenberg-_this-last-year-at-ramp-has-been-a-blast-activity-7512629519657201664-aiJT) (linkedin.com) |
| $1.5B ARR | June 2026 | [Ramp raises $750M at $44B as Harvard classmates turn a corporate card into America’s fastest-growing finance platform](https://techfundingnews.com/ramp-raises-750m-at-44b-as-harvard-classmates-turn-a-corporate-card-into-americas-fastest-growing-finance-platform/) (techfundingnews.com) |
| $1B revenue | September 2025 | [Wow, @tryramp is on a tear.](https://x.com/polinapompliano/status/1963575406914642236) (x.com) |
| $700M revenue | March 2025 | [Ramp, a 6-year-old fintech startup, has more than doubled its annualized revenue to $700M](https://techcrunch.com/2025/03/03/ramp-has-more-than-doubled-its-annualized-revenue-to-700-million/) (techcrunch.com) |
| $300M revenue | December 2024 | [Ramp Financial Report](https://sacra.com/ramp-financial-report) (sacra.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $2B | $1.66B | $2.4B |
| September 2026 | $1.86B | $1.45B | $2.39B |
| August 2026 | $1.73B | $1.37B | $2.19B |
| July 2026 | $1.61B | $1.29B | $2.02B |
| June 2026 | $1.5B | $1.25B | $1.8B |
| May 2026 | $1.43B | $1.08B | $1.91B |
| April 2026 | $1.37B | $1.1B | $1.71B |
| March 2026 | $1.31B | $950M | $1.8B |
| February 2026 | $1.25B | $960M | $1.63B |
| January 2026 | $1.2B | $930M | $1.54B |
| December 2025 | $1.14B | $890M | $1.47B |
| November 2025 | $1.09B | $870M | $1.37B |
| October 2025 | $1.05B | $850M | $1.29B |
| September 2025 | $1B | $830M | $1.2B |
| August 2025 | $940M | $710M | $1.24B |
| July 2025 | $890M | $700M | $1.13B |
| June 2025 | $840M | $640M | $1.1B |
| May 2025 | $790M | $650M | $960M |
| April 2025 | $740M | $610M | $900M |
| March 2025 | $700M | $580M | $840M |
| February 2025 | $530M | $430M | $650M |
| January 2025 | $400M | $330M | $480M |
| December 2024 | $300M | $250M | $360M |
| November 2024 | $300M | $240M | $370M |
| October 2024 | $300M | $230M | $390M |
| September 2024 | $300M | $230M | $390M |
| August 2024 | $300M | $220M | $400M |
| July 2024 | $300M | $230M | $390M |
| June 2024 | $300M | $220M | $420M |

## Ramp valuation

Ramp's valuation rose from $1.6B at its Series B in April 2021 to $61.9B at its Series G in October 2026. Specter's live estimate sits between $51.4B and $74.4B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $61.9B | $51.4B | $74.4B |
| September 2026 | $44B | $36.6B | $52.9B |
| August 2026 | $44B | $37B | $52.4B |
| July 2026 | $44B | $36.6B | $52.9B |
| June 2026 | $44B | $36.6B | $52.9B |
| May 2026 | $46.8B | $41.3B | $53.1B |
| April 2026 | $49.8B | $42.9B | $57.9B |
| March 2026 | $53B | $45B | $62.4B |
| February 2026 | $56.4B | $47.4B | $67.1B |
| January 2026 | $60B | $49.9B | $72.1B |
| December 2025 | $43.8B | $36.8B | $52.2B |
| November 2025 | $32B | $26.6B | $38.5B |
| October 2025 | $28.5B | $24.2B | $33.4B |
| September 2025 | $25.3B | $21.3B | $30.1B |
| August 2025 | $22.5B | $18.7B | $27.1B |
| July 2025 | $22.5B | $18.7B | $27.1B |
| June 2025 | $16B | $13.3B | $19.2B |
| May 2025 | $15.2B | $13.3B | $17.3B |
| April 2025 | $14.4B | $12.8B | $16.3B |
| March 2025 | $13.7B | $13B | $14.4B |
| February 2025 | $13B | $10.7B | $15.8B |
| January 2025 | $12.3B | $10.3B | $14.7B |
| December 2024 | $11.7B | $9.17B | $14.8B |
| November 2024 | $11.1B | $8.95B | $13.7B |
| October 2024 | $10.5B | $8.51B | $12.9B |
| September 2024 | $9.73B | $7.91B | $12B |
| August 2024 | $9.28B | $7.66B | $11.2B |
| July 2024 | $8.84B | $7.57B | $10.3B |
| June 2024 | $8.42B | $7.13B | $9.95B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $61.9B | October 2026 | Funding round |
| $44B | September 2026 | [thenextweb.com](https://thenextweb.com/news/ramp-60bn-valuation-talks-1bn-raise) |
| $44B | July 2026 | [alleywatch.com](https://alleywatch.com/2026/07/new-york-venture-capital-june-2026/) |
| $44B | June 2026 | Funding round |
| $60B | January 2026 | [startups.com.br](https://startups.com.br/negocios/) |
| $32B | November 2025 | Funding round |
| $22.5B | August 2025 | [techcrunch.com](https://www.techcrunch.com/2025/07/30/ramp-hits-22-5b-valuation-just-45-days-after-reaching-16b/) |
| $22.5B | July 2025 | Funding round |
| $16B | June 2025 | Funding round |
| $7.65B | April 2024 | Funding round |
| $38B | November 2023 | [startupitalia.eu](https://startupitalia.eu/smart-money/) |
| $5.8B | August 2023 | Funding round |
| $22.5B | June 2023 | [techcrunch.com](https://www.techcrunch.com/latest/3032307/ramp-hits-22-5b-valuation-just-45-days-after-reaching-16b/) |
| $16B | May 2023 | [techcrunch.com](https://www.techcrunch.com/startups/in-just-3-months-ramps-valuation-jumped-to-16b-up-from-13b/) |
| $8.1B | March 2022 | Funding round |
| $3.9B | August 2021 | Funding round |
| $1.6B | April 2021 | Funding round |

## Ramp funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 9 Oct 2026 | Series G | $1.85B | $61.9B | Founders Fund, Dragoneer Investment Group, Sands Capital Ventures, Thrive Capital, Avenir |
| 4 Sep 2026 | Secondary | Undisclosed | Undisclosed | Undisclosed |
| 4 Jun 2026 | Series F | $750M | $44B | ICONIQ Capital, GIC, Ontario Teachers' Pension Plan |
| 17 Nov 2025 | Series E | $300M | $32B | Lightspeed Venture Partners |
| 30 Jul 2025 | Series E | $500M | $22.5B | ICONIQ Capital |
| 14 Jun 2025 | Series E | $200M | $16B | Founders Fund |
| 3 Mar 2025 | Secondary | $150M | Undisclosed | Undisclosed |
| 17 Apr 2024 | Series D | $150M | $7.65B | Khosla Ventures, Founders Fund |
| 22 Aug 2023 | Series D | $300M | $5.8B | Sands Capital Ventures, Thrive Capital |
| 21 Mar 2022 | Debt financing | $550M | Undisclosed | Undisclosed |
| 20 Mar 2022 | Series C | $200M | $8.1B | Founders Fund |
| 24 Aug 2021 | Series C | $300M | $3.9B | Founders Fund |
| 8 Apr 2021 | Series B | $115M | $1.6B | Stripe, D1 Capital Partners |
| 10 Feb 2021 | Debt financing | $150M | Undisclosed | Goldman Sachs |
| 17 Dec 2020 | Series B | $30M | Undisclosed | Undisclosed |
| 12 Feb 2020 | Series A | $15M | Undisclosed | Founders Fund |
| 1 Aug 2019 | Seed | $7M | Undisclosed | Keith Rabois |

## Ramp vs competitors

Corporate spend management platforms are consolidating around automated payments and intelligent expense controls.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Ramp | $1.66B–$2.4B | $51.4B–$74.4B |
| Brex (brex.com) | $700M–$1.29B | $8.36B–$12.1B |
| BILL (bill.com) | $1.29B–$1.97B | $3.89B–$5.57B |
| Payhawk (payhawk.com) | $70M–$139M | $280M–$1.22B |
| Navan (navan.com) | $720M–$1.11B | $5.62B–$6.69B |

## Questions

### What is Ramp's revenue?

Specter estimates Ramp's annual revenue at $1.66B to $2.4B as of October 2026. Ramp last reported $2B ARR in October 2026.

### What is Ramp's valuation?

Ramp's latest post-money valuation is $61.9B, from an October 2026 Series G. Specter's live estimate is $51.4B to $74.4B.

### What is Ramp's revenue multiple?

Ramp is valued at about 30.9× ARR, based on its $61.9B October 2026 valuation and $2B last reported ARR. That works out to roughly $321K of ARR per employee.

### How much funding has Ramp raised?

$5.57B across 17 rounds, from a $7M Seed in August 2019 to a $1.85B Series G in October 2026.

### Who invested in Ramp?

89 investors, including Avenir, Dragoneer Investment Group, Founders Fund, ICONIQ Capital, Sands Capital Ventures and Thrive Capital.

### Who are Ramp's competitors?

Brex, BILL, Payhawk and Navan. Specter ranks 30 competitors for Ramp.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Ramp revenue and valuation." tryspecter.com/revenue-valuation/ramp. Updated November 2026.