Shutterstock (SSTK)

Operating 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
Operating income (ttm)	US$ in thousands	68,400	73,923	85,416	102,075	93,624	100,571	94,055	101,906	108,106	121,105	128,283	117,603	85,266	63,476	37,312	17,837	20,155	29,991	33,507	36,062
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
Operating profit margin		7.81%	8.43%	10.08%	12.11%	11.33%	12.38%	11.72%	12.91%	14.04%	16.24%	17.89%	17.16%	12.82%	9.76%	5.79%	2.76%	3.10%	4.65%	5.26%	5.71%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $68,400K ÷ $875,466K
= 7.81%

Shutterstock Inc's operating profit margin has shown some fluctuations over the past eight quarters. The trend indicates a decline from 13.56% in Q4 2022 to 7.82% in Q4 2023, with some variations in between. The highest operating profit margin was observed in Q1 2023 at 14.31%, whereas the lowest was in Q4 2023 at 7.82%. Overall, the company's operating profit margin trend has shown some volatility, and further analysis of the underlying factors driving these changes would be necessary to provide a more conclusive assessment.