OverviewSuggest Edit

Shutterstock is a stock photography agency providing photographs, illustrations, vectors, videos and music to businesses, marketing agencies, media organizations and individuals around the world. The Company also owns Bigstock, a value-oriented stock media agency, Offset, a high-end image collection, Skillfeed, an online marketplace for learning, and WebDAM, a cloud-based digital asset management service for businesses.

TypePublic
Founded2003
HQNew York, NY, US
Websiteshutterstock.com
Employee Ratings3.4
Overall CultureD

Latest Updates

Employees (est.) (Dec 2019)116(-88%)
Job Openings157
Revenue (FY, 2020)$666.7 M(+3%)
Share Price (Jun 2021)$92.6
Cybersecurity ratingBMore

Key People/Management at Shutterstock

Jonathan Oringer

Jonathan Oringer

Executive Chairman of the Board
Jeff Epstein

Jeff Epstein

Director
Thomas R. Evans

Thomas R. Evans

Director
Paul Hennessy

Paul Hennessy

Director
Peter Silvio

Peter Silvio

Chief Technology Officer
Deirdre M. Bigley

Deirdre M. Bigley

Director
Show more

Shutterstock Office Locations

Shutterstock has offices in New York, Chicago, Denton, Denver and in 11 other locations
New York, NY, US (HQ)
Empire State Building, 350 5th Ave
Chicago, IL, US
205 W Wacker Dr #1450
Denton, TX, US
608 E Hickory St #112Denton
Denver, CO, US
1515 Arapahoe St #200
Los Angeles, CA, US
11175 Santa Monica Blvd #460
San Francisco, CA, US
San Francisco
Show all (15)

Shutterstock Financials and Metrics

Shutterstock Revenue

Embed Graph
View revenue for all periods
Shutterstock's revenue was reported to be $666.69 m in FY, 2020
USD

Revenue (FY, 2020)

666.7m

Gross profit (FY, 2020)

407.1m

Gross profit margin (FY, 2020), %

61.1%

Net income (FY, 2020)

71.8m

EBIT (FY, 2020)

85.3m

Market capitalization (8-Jun-2021)

3.4b

Closing stock price (8-Jun-2021)

92.6

Cash (31-Dec-2020)

428.6m

EV

3.0b
Shutterstock's current market capitalization is $3.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

328.0m425.1m494.3m557.1m623.3m650.5m666.7m

Revenue growth, %

39%30%16%13%

Cost of goods sold

130.0m174.5m203.1m233.1m267.7m278.2m259.6m

Gross profit

197.9m250.6m291.2m324.0m355.6m372.3m407.1m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

97.5m104.4m107.3m116.7m124.4m123.1m130.2m134.0m141.1m153.0m156.6m151.6m163.3m161.7m159.1m161.3m159.2m165.2m

Cost of goods sold

39.5m42.5m44.5m48.1m52.2m50.2m52.4m57.3m58.8m64.5m67.9m66.5m69.2m68.5m68.6m69.1m63.8m60.3m

Gross profit

58.0m61.8m62.7m68.6m72.2m72.9m77.8m76.7m82.3m88.5m88.7m85.1m94.1m93.2m90.4m92.2m95.4m104.9m

Gross profit Margin, %

59%59%59%59%58%59%60%57%58%58%57%56%58%58%57%57%60%63%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

233.5m241.3m224.2m253.4m230.9m303.3m428.6m

Accounts Receivable

15.3m25.7m38.1m49.9m41.0m47.0m43.8m

Prepaid Expenses

12.1m11.7m22.6m37.1m34.8m26.7m16.7m

Current Assets

323.5m335.7m339.8m340.5m306.7m377.0m489.1m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

190.5m211.5m229.6m220.6m210.9m238.0m195.4m210.6m284.9m289.8m206.4m240.1m259.1m285.4m295.7m311.2m383.1m

Accounts Receivable

22.7m23.7m25.6m30.4m33.3m34.1m38.0m38.2m44.6m44.7m45.9m45.4m44.3m46.9m45.2m48.7m48.2m

Prepaid Expenses

12.7m14.0m12.4m12.1m18.2m16.6m28.0m29.2m33.6m27.3m28.3m35.4m29.7m31.7m28.8m26.6m19.3m

Current Assets

289.7m313.4m330.2m329.3m328.8m351.9m316.3m332.9m363.0m361.9m280.6m321.0m333.1m364.0m369.7m386.5m450.7m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

22.1m19.6m32.6m16.7m54.7m20.1m71.8m

Depreciation and Amortization

7.9m14.8m19.9m35.5m45.7m49.9m41.4m

Accounts Payable

10.0m2.2m10.8m12.0m6.4m8.4m8.6m

Cash From Operating Activities

82.9m85.3m101.1m108.0m102.2m102.6m165.1m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

3.2m8.6m12.7m6.1m13.4m22.8m6.6m9.7m14.7m32.6m32.3m39.8m7.5m10.8m15.8m4.3m23.3m45.9m

Depreciation and Amortization

3.0m6.5m10.4m4.2m9.0m14.2m7.0m14.7m24.9m10.9m22.2m33.9m11.9m25.3m37.3m10.5m23.9m31.1m

Accounts Payable

2.3m1.7m3.7m1.3m4.6m15.5m362.0k5.0m11.3m15.2m(6.0m)1.4m2.0m1.9m13.3m(2.3m)(4.0m)5.3m

Cash From Operating Activities

21.5m40.1m59.4m23.0m41.6m76.7m17.2m40.4m71.5m21.1m38.0m68.5m19.7m46.7m77.0m6.9m36.3m100.2m
USDFY, 2014

Revenue/Employee

640.6k

Financial Leverage

1.5 x
Show all financial metrics

Shutterstock Operating Metrics

Shutterstock's Customers was reported to be 1.8 m in Q1, 2018.
Show all operating metrics

Shutterstock Acquisitions / Subsidiaries

Company NameDateDeal Size
FlashstockJune 27, 2017$65 m
Rex Features (Holdings) Ltd.
Rex Features Ltd.
Shutterstock Brazil Servicos de Imagem Ltda.
Shutterstock (France) SAS
Shutterstock GmbH
Shutterstock Images Canada ULC
Shutterstock Images C.V.
Shutterstock International Services EMEA (UK) Ltd.
Shutterstock Italy Srl
Show more

Shutterstock Revenue Breakdown

Embed Graph

Shutterstock revenue breakdown by business segment: 97.1% from Content Segment and 2.9% from Other

Shutterstock revenue breakdown by geographic segment: 28.1% from Rest of the world, 39.3% from North America and 32.6% from Europe

Shutterstock Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Shutterstock Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Shutterstock Online and Social Media Presence

Embed Graph

Shutterstock Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    F

    43/100

  • Compensation

    C

    64/100

  • Diversity

    D-

    52/100

Learn more on Comparably

Shutterstock Blogs

Shutterstock Contributors Elevating Asian Representation in Images

Let's normalize having more Asian people in stock photography as we look at how our Asian contributors showcase their culture and people. The post Shutterstock Contributors Elevating Asian Representation in Images appeared first on The Shutterstock Blog.

The 5 Genre Filmmaking Elements Every Rom-Com Needs

Let’s explore the filmmaking elements every rom-com needs to be successful, focusing on different writing, lighting, and editing techniques.

Unity and Resistance: The History Behind the Gay Pride Flag

Celebrate Pride Month with a look at the most colorful symbol in LGBTQIA+ history and its changing role in how the community sees itself. The post Unity and Resistance: The History Behind the Gay Pride Flag appeared first on The Shutterstock Blog.

Hard Light vs. Soft Light: Knowing How to Light Your Scene

Today, let's look at two lighting terms—hard light and soft light—what they mean and, more importantly, how you can employ them. The post Hard Light vs. Soft Light: Knowing How to Light Your Scene appeared first on The Shutterstock Blog.

Are We Using Diffusion Filters for the Right Reason?

If it's trending it's cool, right? Let's explore this by diving into the uses for a diffusion filter and what it can do for your next project.

6 Summer Color Palettes We’re Loving That Aren’t Yellow

The color of summer isn't just yellow. Here are six palettes we're loving that will bring some summer sizzle to your next creative project. The post 6 Summer Color Palettes We’re Loving That Aren’t Yellow appeared first on The Shutterstock Blog.
Show more

Shutterstock Frequently Asked Questions

  • When was Shutterstock founded?

    Shutterstock was founded in 2003.

  • Who are Shutterstock key executives?

    Shutterstock's key executives are Jonathan Oringer, Jeff Epstein and Thomas R. Evans.

  • How many employees does Shutterstock have?

    Shutterstock has 116 employees.

  • What is Shutterstock revenue?

    Latest Shutterstock annual revenue is $666.7 m.

  • What is Shutterstock revenue per employee?

    Latest Shutterstock revenue per employee is $5.7 m.

  • Who are Shutterstock competitors?

    Competitors of Shutterstock include Pond5, Fotolia and 500px.

  • Where is Shutterstock headquarters?

    Shutterstock headquarters is located at Empire State Building, 350 5th Ave, New York.

  • Where are Shutterstock offices?

    Shutterstock has offices in New York, Chicago, Denton, Denver and in 11 other locations.

  • How many offices does Shutterstock have?

    Shutterstock has 15 offices.