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Stover is the co-founder of Players Philanthropy Fund, an 501(c)(3) public charity that enables athletes, entertainers and other philanthropists to create a dedicated fund that can accept tax deductible contributions in support of any qualified charitable mission. The organization states that it is the back office administrator for 150+ charity funds nationwide. Stover has invested in, and exited from some, startup businesses. Most notable exits include CreditCards.com and EvoShield (purchased by Wilson Sporting Goods October, 2016). Stover has an active investment in the Hunt Valley, MD startup Kermit which specializes in hospital cost reduction and spend management of implantable medical devices using consulting services and software.

On November 20, 2011, Stover was inducted into the Ravens Ring of Honor, during a halftime ceremony at M&T Bank Stadium against the Cincinnati Bengals.

Stover announced his retirement from professional football on May 25, 2011 with the Baltimore Ravens. At the time of his retirement, he was the last remaining member of the original Cleveland Browns still active in the NFL, and was also the last Ravens player to have played for the franchise before the team moved from Cleveland. At the time, he retired as the NFL's fourth all-time leading scorer.

Stover remained kicking with the Ravens, setting several records and kicking 18 game-winning field goals. In 2008, Stover converted a 43-yard field goal to win against the Tennessee Titans in the AFC Divisional Round. That was Stover's last field goal as a member of the Ravens. The Ravens decided not to re-sign Stover following the 2008 season.

As a free agent following 2008, Stover signed with the Indianapolis Colts in the middle of the 2009 NFL season to replace the injured Adam Vinatieri. In Indianapolis, Stover played in two wins against the Ravens, and helped the Colts to an appearance in Super Bowl XLIV, at age 42, which made Stover the oldest player in Super Bowl history. Stover converted a 38-yard field goal and two extra points in the loss to the New Orleans Saints. However, he was not re-signed by the team.

In 1996, the Browns moved to Baltimore to become the Baltimore Ravens. Stover spent the majority of his career as a Raven. In 2000, the Ravens failed to score an offensive touchdown in five straight games, in which Stover, who was selected as a Pro Bowler, scored all the team's points. Stover received a Super Bowl ring that year when the Ravens defeated his former team, the New York Giants in Super Bowl XXXV.

Stover signed with the Cleveland Browns in 1991 and spent five seasons as a Brown.

Stover was drafted by the New York Giants with the 329th selection (12th round) in the 1990 NFL Draft. He was on the injured reserve list the entire season as the Giants won Super Bowl XXV over the Buffalo Bills.

Prior to his NFL career, Stover attended Louisiana Tech University, where he was an active member of the Alpha Omega chapter of Delta Kappa Epsilon acting as vice president. He graduated from Louisiana Tech with a degree in marketing. During his college career, Stover successfully converted on 64-of-88 field goal attempts. As a sophomore, facing Texas A&M, he kicked a 57-yard field goal, then a school record. He also punted as a senior, punting 36 times for 1,277 yards (34.1 yards per punt avg). He left Louisiana Tech with 262 career total points and seven field goals of 50 yards or more. While at Louisiana Tech, Stover would usually kick the ball through the goal posts on the first kickoff of the game. Stover currently holds the NCAA record for most punts in a single game at 16 against Louisiana-Monroe November 18, 1988.

Stover attended Lake Highlands High School in Dallas, Texas, the alma mater of fellow NFL placekicker Phil Dawson. Stover won All-District honors as both a wide receiver and kicker. During the 1985-86 season, he successfully kicked a 53-yard field goal. He graduated from high school in 1986.

John Matthew Stover (born January 27, 1968) is a former American Football placekicker. As of the start of the 2009 NFL season, he was the third most accurate kicker in the history of the National Football League. He has played for the New York Giants, Indianapolis Colts, Cleveland Browns, and Baltimore Ravens, with whom he played for 13 seasons.