Ripple expects to approach a $900 million annualized revenue run rate, but XRP has lost nearly 29% this year despite growing institutional adoption.

Ripple is expecting its strongest business year on record even as XRP heads toward its worst annual performance since 2022.

The blockchain company said on Oct. 28 that it is on track to exit 2026 with a record $900 million annualized product revenue run rate, supported by expanding institutional partnerships and growing demand for its financial infrastructure.

Ripple President Monica Long celebrated the development, describing the company's performance as its strongest on record.

Long said this is Ripple's “best year ever,” highlighting the approaching $900 million annualized product revenue milestone and the adoption of Ripple's infrastructure by major financial institutions.

However, XRP has fallen nearly 30% this year and more than 50% over the past 12 months, highlighting a widening gap between Ripple's commercial success and the market performance of its closely associated cryptocurrency.

In its Oct. 28 announcement, Ripple described 2026 as its strongest year on record, citing organic growth and the integration of businesses acquired during its expansion into financial services.

Last year, the company spent more than $2.4 billion on acquisitions, including prime brokerage firm Hidden Road (now Ripple Prime) for $1.25 billion, treasury management provider GTreasury for $1 billion, and stablecoin payments platform Rail for $200 million.

The deals expanded Ripple's operations beyond cross-border payments into institutional trading, financing, clearing and corporate cash management.

CEO Brad Garlinghouse said Ripple's strategy is to bring financial services traditionally offered by separate providers onto integrated infrastructure, using blockchain technology and digital assets such as XRP.

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