Shutterstock Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	989.93	935.26	874.59	827.83	773.42
Revenue Growth (YoY)	5.85%	6.94%	5.65%	7.03%	16.01%
Cost of Revenue	391.45	396.3	352.63	314.31	277.66
Gross Profit	598.48	538.97	521.96	513.52	495.76
Selling, General & Admin	406.29	373.34	357.4	331.5	332.04
Research & Development	73.63	88.42	96.16	65.43	52.01
Operating Expenses	479.92	461.76	453.56	396.93	384.05
Operating Income	118.56	77.21	68.4	116.59	111.71
Interest Expense	-16.83	-10.56	-1.86	-1.34	-
Interest & Investment Income	24.56	6.23	4.79	0.09	-
Currency Exchange Gain (Loss)	-2.46	-1.83	0.88	-1.34	-3.3
Other Non Operating Income (Expenses)	-	-	-	-	-0.07
EBT Excluding Unusual Items	123.83	71.05	72.21	114	108.34
Merger & Restructuring Charges	-7.6	-8.5	-	-4.3	-3.6
Asset Writedown	-5	-	-	-18.66	-
Other Unusual Items	-35.9	-	50.26	-	-
Pretax Income	75.33	62.55	122.47	91.04	104.74
Income Tax Expense	29.84	26.62	12.2	14.93	12.85
Net Income	45.5	35.93	110.27	76.1	91.88
Net Income to Common	45.5	35.93	110.27	76.1	91.88
Net Income Growth	26.62%	-67.41%	44.89%	-17.17%	28.03%
Shares Outstanding (Basic)	35	35	36	36	37
Shares Outstanding (Diluted)	36	36	36	37	37
Shares Change (YoY)	1.71%	-1.61%	-0.83%	-2.08%	2.63%
EPS (Basic)	1.29	1.02	3.07	2.11	2.52
EPS (Diluted)	1.25	1.01	3.04	2.08	2.46
EPS Growth	23.76%	-66.78%	46.15%	-15.45%	24.87%
Free Cash Flow	123.83	-14.57	95.91	111.74	156.61
Free Cash Flow Per Share	3.41	-0.41	2.65	3.06	4.20
Dividend Per Share	1.320	1.200	1.080	0.960	0.840
Dividend Growth	10.00%	11.11%	12.50%	14.29%	23.53%
Gross Margin	60.46%	57.63%	59.68%	62.03%	64.10%
Operating Margin	11.98%	8.25%	7.82%	14.08%	14.44%
Profit Margin	4.60%	3.84%	12.61%	9.19%	11.88%
Free Cash Flow Margin	12.51%	-1.56%	10.97%	13.50%	20.25%
EBITDA	168.25	125.53	113.23	155.46	133.58
EBITDA Margin	17.00%	13.42%	12.95%	18.78%	17.27%
D&A For EBITDA	49.69	48.33	44.83	38.87	21.87
EBIT	118.56	77.21	68.4	116.59	111.71
EBIT Margin	11.98%	8.25%	7.82%	14.08%	14.44%
Effective Tax Rate	39.61%	42.55%	9.96%	16.40%	12.27%
Advertising Expenses	87	91.8	93.1	97.2	112.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.