Shutterstock (SSTK)

Operating 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
Operating income (ttm)	US$ in thousands	68,708	57,685	56,728	44,777	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
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
Operating profit margin		7.37%	6.39%	6.43%	5.13%	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%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $68,708K ÷ $932,869K
= 7.37%

Shutterstock's operating profit margin has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The operating profit margin started at 2.76% in March 2020 and showed a consistent increasing trend, reaching its peak at 17.89% in June 2021. Subsequently, there was a slight decrease in the margin over the next few quarters, falling to 7.81% by December 31, 2023.

During the most recent quarters, the operating profit margin has seen some volatility, with values ranging between 5.13% and 7.37%. Despite the fluctuations in the margin, it is essential to note that the company has maintained relatively healthy levels of profitability, with the margin generally staying above 5% throughout the period.

Overall, the analysis of Shutterstock's operating profit margin highlights both the company's ability to improve profitability over time and the potential impact of varying economic conditions and operational factors on its financial performance.