Ripple Projects $1 Billion Revenue Run Rate by End of 2026, Excluding XRP Holdings

Ripple's chief executive has stated the company is on track to close 2026 at a one-billion-dollar revenue run rate. The forecast draws on several business lines that have been built out over recent years, including cross-border payments infrastructure, institutional prime brokerage services, treasury management tools, and the RLUSD stablecoin.

RLUSD has reached approximately 1.6 billion dollars in market capitalization. The Hidden Road acquisition, which Ripple completed earlier this year, processes trillions of dollars in volume annually and positions the company directly within institutional finance workflows. Ripple Prime is cited as an additional channel for institutional market access.

A detail that has drawn attention is the explicit exclusion of Ripple's XRP balance sheet holdings from the revenue projection. Analysts and observers note this means the one-billion-dollar figure represents operational revenue alone, with the company's XRP reserves treated as separate upside.

The breadth of business lines cited suggests Ripple is positioning itself as a multi-product financial infrastructure firm rather than a single-purpose payments company. The combination of stablecoin issuance, prime brokerage clearing, and treasury tooling reflects an effort to serve institutional clients across several points of the financial workflow.