Shutterstock, Inc (SSTK) Income Statement
SSTK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSSTK revenue and net income
Where SSTK's revenue goes
2025Each bar shows an amount and its share of revenue. SSTK kept 4.6% of revenue as net income.
SSTK profit margins
SSTK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.8% | +6.1% | +8.2% | +8.8% |
| Gross profit | +6.8% | +3.9% | +7.2% | +8.7% |
| Operating income | +60.0% | +5.5% | +5.2% | +10.4% |
| Net income | +26.6% | −15.8% | −8.7% | +8.8% |
| EPS (diluted) | −12.2% | −2.4% | +6.7% | +11.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SSTK quarterly EPS vs estimates
Shutterstock beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.45).
SSTK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $989.9M | $935.3M | $874.6M | $827.8M | $773.4M | $666.7M | $650.5M | $623.2M | $557.1M | $494.3M |
| Cost of revenue | $414.2M | $396.3M | $352.6M | $314.3M | $277.7M | $259.6M | $278.2M | $267.7M | $233.1M | $203.1M |
| Gross profit | $575.7M | $539.0M | $522.0M | $513.5M | $495.8M | $407.1M | $372.3M | $355.6M | $324.0M | $291.2M |
| Research & development | $89.0M | $88.4M | $96.2M | $65.4M | $52.0M | $46.0M | $57.2M | $58.9M | $52.5M | $47.8M |
| Sales, general & admin | $198.0M | $381.8M | $352.5M | $330.5M | $335.6M | $275.8M | $295.0M | $264.2M | $245.2M | $197.6M |
| Total operating expenses | $465.7M | $470.3M | $453.6M | $419.9M | $387.6M | $321.8M | $352.2M | $323.1M | $297.7M | $245.4M |
| Operating income | $110.0M | $68.7M | $68.4M | $93.6M | $108.1M | $85.3M | $20.2M | $32.5M | $26.3M | $45.8M |
| Interest income | $24.6M | $6.2M | $4.8M | $87,000 | $137,000 | $1.2M | $4.2M | $2.7M | $891,000 | $149,000 |
| Interest expense | $16.8M | $10.6M | $1.9M | $1.3M | $67,000 | $7.3M | $54.7M | $0 | $0 | $0 |
| Income before taxes | $75.3M | $62.5M | $122.5M | $91.0M | $104.7M | $89.5M | $24.9M | $66.1M | $30.1M | $44.5M |
| Income taxes | $29.8M | $26.6M | $12.2M | $14.9M | $12.9M | $17.8M | $4.8M | $11.4M | $13.4M | $11.9M |
| Net income | $45.5M | $35.9M | $110.3M | $76.1M | $91.9M | $71.8M | $20.1M | $54.7M | $16.7M | $32.6M |
| EBITDA | $183.1M | $160.7M | $204.1M | $160.8M | $153.6M | $126.6M | $70.1M | $78.1M | $61.8M | $65.7M |
| EPS (diluted) | $3.61 | $4.11 | $4.34 | $3.88 | $3.47 | $2.61 | $1.23 | $1.57 | $1.16 | $1.54 |
| Gross margin | 58.2% | 57.6% | 59.7% | 62.0% | 64.1% | 61.1% | 57.2% | 57.1% | 58.2% | 58.9% |
| Operating margin | 11.1% | 7.3% | 7.8% | 11.3% | 14.0% | 12.8% | 3.1% | 5.2% | 4.7% | 9.3% |
| Net margin | 4.6% | 3.8% | 12.6% | 9.2% | 11.9% | 10.8% | 3.1% | 8.8% | 3.0% | 6.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $221.8M | $199.2M | $220.2M | $260.1M | $267.0M | $242.6M | $250.3M | $250.6M | $220.1M | $214.3M | $217.2M | $233.2M |
| Cost of revenue | $93.8M | $94.8M | $99.2M | $102.6M | $106.0M | $100.9M | $112.4M | $104.4M | $91.3M | $88.2M | $95.8M | $94.2M |
| Gross profit | $128.0M | $104.4M | $121.0M | $157.5M | $161.0M | $141.7M | $137.9M | $146.2M | $128.8M | $126.1M | $121.4M | $139.0M |
| Research & development | $17.6M | $19.4M | $26.0M | $32.8M | $20.8M | $19.9M | $18.9M | $28.6M | $19.9M | $21.1M | $23.4M | $28.1M |
| Sales, general & admin | $91.9M | $114.1M | $48.0M | $36.2M | $105.5M | $111.7M | $105.8M | $99.4M | $88.3M | $86.9M | $95.8M | $93.7M |
| Total operating expenses | $283.2M | $135.3M | $120.2M | $125.0M | $126.3M | $131.5M | $124.7M | $128.0M | $108.1M | $109.4M | $119.3M | $121.8M |
| Operating income | −$155.2M | −$31.0M | $786,000 | $32.5M | $34.7M | $10.2M | $13.1M | $18.1M | $20.7M | $16.7M | $2.1M | $17.2M |
| Interest income | — | — | $12.4M | $3.7M | $19.1M | $14.2M | $1.1M | $2.6M | — | $4.8M | $2.1M | $1.9M |
| Interest expense | $3.8M | $18.3M | $4.1M | $4.2M | $4.2M | $4.3M | $5.0M | $4.5M | $561,000 | $562,000 | $570,000 | $562,000 |
| Income before taxes | −$160.9M | −$49.4M | −$19.6M | $31.4M | $43.1M | $20.4M | $8.1M | $17.5M | $16.6M | $20.4M | $2.1M | $27.6M |
| Income taxes | −$5.0M | −$1.8M | −$3.6M | $18.0M | $13.7M | $1.7M | $9.5M | −$88,000 | $12.9M | $4.3M | $3.1M | −$806,000 |
| Net income | −$155.9M | −$47.6M | −$16.0M | $13.4M | $29.4M | $18.7M | −$1.4M | $17.6M | $3.6M | $16.1M | −$1.0M | $28.4M |
| EBITDA | −$131.0M | −$8.4M | $7.2M | $58.5M | $70.0M | $38.8M | $36.3M | $43.6M | $38.5M | $42.2M | $23.0M | $49.4M |
| EPS (diluted) | $0.56 | $0.58 | $0.67 | $0.72 | $1.19 | $1.03 | $0.67 | $1.31 | $1.00 | $1.13 | $0.72 | $1.26 |
| Gross margin | 57.7% | 52.4% | 54.9% | 60.6% | 60.3% | 58.4% | 55.1% | 58.3% | 58.5% | 58.8% | 55.9% | 59.6% |
| Operating margin | −70.0% | −15.5% | 0.4% | 12.5% | 13.0% | 4.2% | 5.3% | 7.2% | 9.4% | 7.8% | 1.0% | 7.4% |
| Net margin | −70.3% | −23.9% | −7.3% | 5.1% | 11.0% | 7.7% | −0.6% | 7.0% | 1.6% | 7.5% | −0.5% | 12.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SSTK's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SSTK financial results
In fiscal year 2025 (ended December 31, 2025), Shutterstock reported revenue of $989.9 million, up 5.8% from the year before. It had net income of $45.5 million (up 26.6%), a net profit margin of 4.6%. Diluted earnings per share came to $3.61. Over five years revenue grew at an average rate of 8.2% a year.
See the SSTK stock overview for the latest quote and news, or the SSTK chart for price history and technical indicators.
SSTK income statement FAQ
What is Shutterstock's annual revenue?
Shutterstock reported total revenue of $989.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.8% from $935.3 million the previous year.
Is Shutterstock profitable?
Yes. Shutterstock reported net income of $45.5 million in fiscal 2025, a net profit margin of 4.6%; its operating margin was 11.1%.
What is Shutterstock's gross margin?
Shutterstock's gross margin was 58.2% in fiscal 2025: for every $100 of revenue, Shutterstock kept $58 after the direct cost of its products and services.
How much does Shutterstock spend on research and development?
Shutterstock spent $89.0 million on research and development in fiscal 2025, 9.0% of revenue.
How fast is Shutterstock growing?
Revenue grew 8.2% a year on average over the last five fiscal years, from $666.7 million to $989.9 million.
What are Shutterstock's earnings per share?
Shutterstock earned $3.61 per diluted share in fiscal 2025, compared with $4.11 a year earlier.
When will Shutterstock report its next earnings?
Shutterstock is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Shutterstock's fiscal year end?
Shutterstock's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.