Shutterstock (SSTK)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	110,269	118,321	112,942	82,374	76,103	85,943	78,932	88,941	91,883	100,876	107,429	96,962	71,766	50,240	32,592	16,904	20,108	30,668	33,181	29,628
Revenue (ttm)	US$ in thousands	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	649,328	645,029	637,492	631,122
Net profit margin		12.60%	13.49%	13.33%	9.77%	9.21%	10.58%	9.84%	11.27%	11.93%	13.53%	14.98%	14.15%	10.79%	7.72%	5.05%	2.61%	3.10%	4.75%	5.20%	4.69%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $110,269K ÷ $875,466K
= 12.60%

Shutterstock Inc's net profit margin has shown fluctuations over the past eight quarters, ranging from a low of 9.19% in Q4 2022 to a high of 13.52% in Q3 2023. Overall, the net profit margin has averaged around 11%, indicating that the company is able to generate a reasonable level of profit relative to its revenue. It is worth noting that the net profit margin experienced a slight decline in Q4 2023 compared to the previous quarter, which may warrant further investigation into the company's cost efficiency and revenue generation strategies. Monitoring and analyzing the trend in the net profit margin over time can provide valuable insights into Shutterstock Inc's financial performance and profitability.