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Shutterstock Overview
About Shutterstock
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market, but also has its presence in Europe and Rest of the Countries.
Founded
2012
HQ
Employees
1.6K
Website
Financials (LTM)
EV
$743M
Shutterstock Financials
Shutterstock reported last 12-month revenue of $972M and EBITDA of $263M.
In the same LTM period, Shutterstock generated $662M in gross profit, $263M in EBITDA, and $53M in net income.
Revenue (LTM)
Shutterstock P&L
In the most recent fiscal year, Shutterstock reported revenue of $990M and EBITDA of $272M.
Shutterstock expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $972M | XXX | $990M | XXX | XXX | XXX |
| Gross Profit | $662M | XXX | $583M | XXX | XXX | XXX |
| Gross Margin | 68% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $263M | XXX | $272M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $53M | XXX | $45M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $97M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Shutterstock Stock Performance
Shutterstock has current market cap of $629M, and enterprise value of $743M.
Market Cap Evolution
Shutterstock's stock price is $17.69.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $743M | $629M | -1.3% | XXX | XXX | XXX | $1.28 |
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Start Free TrialShutterstock Valuation Multiples
Shutterstock trades at 0.8x EV/Revenue multiple, and 2.8x EV/EBITDA.
EV / Revenue (LTM)
Shutterstock Financial Valuation Multiples
As of April 18, 2026, Shutterstock has market cap of $629M and EV of $743M.
Equity research analysts estimate Shutterstock's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shutterstock has a P/E ratio of 11.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $629M | XXX | $629M | XXX | XXX | XXX |
| EV (current) | $743M | XXX | $743M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 2.8x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBIT | 9.6x | XXX | 9.9x | XXX | XXX | XXX |
| EV/Gross Profit | 1.1x | XXX | 1.3x | XXX | XXX | XXX |
| P/E | 11.8x | XXX | 13.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 6.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Shutterstock Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Shutterstock Margins & Growth Rates
Shutterstock's revenue in the last 12 month declined by (5%).
Shutterstock's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
Shutterstock's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shutterstock's rule of X is 11% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Shutterstock Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (5%) | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | (9%) | XXX | (11%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 19% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Shutterstock Public Comps
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Shutterstock M&A Activity
Shutterstock acquired XXX companies to date.
Last acquisition by Shutterstock was on XXXXXXXX, XXXXX. Shutterstock acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Shutterstock
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialShutterstock Investment Activity
Shutterstock invested in XXX companies to date.
Shutterstock made its latest investment on XXXXXXXX, XXXXX. Shutterstock invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Shutterstock
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Shutterstock
| When was Shutterstock founded? | Shutterstock was founded in 2012. |
| Where is Shutterstock headquartered? | Shutterstock is headquartered in United States. |
| How many employees does Shutterstock have? | As of today, Shutterstock has over 1K employees. |
| Who is the CEO of Shutterstock? | Shutterstock's CEO is Paul J. Hennessy. |
| Is Shutterstock publicly listed? | Yes, Shutterstock is a public company listed on NYSE. |
| What is the stock symbol of Shutterstock? | Shutterstock trades under SSTK ticker. |
| When did Shutterstock go public? | Shutterstock went public in 2012. |
| Who are competitors of Shutterstock? | Shutterstock main competitors are Cars.com, Uxin, Gloo, Nextdoor. |
| What is the current market cap of Shutterstock? | Shutterstock's current market cap is $629M. |
| What is the current revenue of Shutterstock? | Shutterstock's last 12 months revenue is $972M. |
| What is the current revenue growth of Shutterstock? | Shutterstock revenue growth (NTM/LTM) is (5%). |
| What is the current EV/Revenue multiple of Shutterstock? | Current revenue multiple of Shutterstock is 0.8x. |
| Is Shutterstock profitable? | Yes, Shutterstock is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Shutterstock? | Shutterstock's last 12 months EBITDA is $263M. |
| What is Shutterstock's EBITDA margin? | Shutterstock's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Shutterstock? | Current EBITDA multiple of Shutterstock is 2.8x. |
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