Shutterstock (SSTK)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 72,244 72,244 62,453 62,087 83,299 83,299 91,210 94,955 87,278 122,988 116,197 128,756 133,817 154,267 163,388 153,155 125,968 109,414 86,810 66,043
Revenue (ttm) US$ in thousands 932,869 902,216 882,354 872,467 875,466 876,879 847,509 842,783 826,489 812,053 802,190 789,207 770,112 745,582 716,961 685,134 665,050 650,477 644,873 646,683
Gross profit margin 7.74% 8.01% 7.08% 7.12% 9.51% 9.50% 10.76% 11.27% 10.56% 15.15% 14.48% 16.31% 17.38% 20.69% 22.79% 22.35% 18.94% 16.82% 13.46% 10.21%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $72,244K ÷ $932,869K
= 7.74%

The gross profit margin of Shutterstock has fluctuated over the years based on the provided data. It started at 10.21% on March 31, 2020, and showed an increasing trend, reaching a peak of 22.79% on June 30, 2021. Subsequently, the margin experienced a decline, dropping to 7.08% on June 30, 2024. Overall, the gross profit margin demonstrates variability in performance, indicating fluctuations in the company's ability to generate profits from its core business operations.