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Shutterstock (SSTK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Shutterstock (SSTK) Q3 2026 earnings results →
Q3 2026 Revenue down 33% year over year to $174M · 114¢ of every $1 of revenue lost · operating margin -114.5%
Shutterstock made $174M in Q3 2026 (-33% Y/Y): Content $158M, Data, Distribution, and Services $15.8M. Operating margin -114.5%, net loss $198M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $173.9M in Q3 2026, down 33% year over year and down 22% from the previous quarter. Content was the largest line at 91% of revenue. Data, Distribution, and Services lost $49.8M year over year (down 76%), 58% of the total change.
Operating costs exceeded revenue by $199.0M, an operating margin of -114.5%. Total costs grew 64% against a revenue fall of 33%. The quarter ended with a net loss of $197.8M, wider than the previous quarter's $155.9M loss.
Operating cash flow was $18.3M (down 77% year over year). Non-cash charges added back $21.8M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $186.4M. After capital expenditures, net ($5.4M) and content acquisitions ($326K), adjusted free cash flow as the company reports it was $12.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $174M | -33% | -114.5% | −$198M | $18.3M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $222M | -17% | -70.0% | −$156M | $621K |
| Q1 2026 | 10-Q | Apr 28, 2026 | $199M | -18% | -15.5% | −$47.6M | $17.4M |
| Q4 2025 | 10-K | Feb 17, 2026 | $220M | -12% | -1.1% | −$16.0M | $36.2M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $260M | +4% | 12.5% | $13.4M | $78.4M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $267M | +21% | 13.0% | $29.4M | $26.8M |
| Q1 2025 | 10-Q | May 2, 2025 | $243M | +13% | 4.2% | $18.7M | $25.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Shutterstock
Shutterstock, Inc. (referred to herein as the “Company”, “we,” “our,” and “us”) is a leading global creative platform connecting brands and businesses to high quality content. Our platform brings together users and contributors of content by providing readily-searchable content that our customers pay to license and by compensating contributors as their content is licensed. Contributors upload their content to our web properties in exchange for royalty payments based on customer download activity. Beyond content, customers also leverage our platform to assist with the entire creative process from ideation through creative execution.
In its own words, from its 10-K, filed Feb 17, 2026.
Shutterstock against its Services-Computer Processing & Data Preparation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -33% against the peers' median +6%. Operating margin: -114.5% against the peers' median 11.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SSTK Shutterstock | Q3 2026 | $174M | -33% | -114.5% |
| ADP Automatic Data Processing | Q1 FY27 | $5.5B | +6% | 23.9% |
| DXC DXC Technology | Q2 FY27 | $3.0B | -4% | 6.2% |
| WDAY Workday | Q2 FY27 | $2.6B | +13% | 11.8% |
| TOST Toast | Q3 2026 | $2.0B | +21% | 8.3% |
| RDDT Reddit | Q3 2026 | $895M | +53% | 29.2% |
| VRSK Verisk Analytics | Q3 2026 | $809M | +5% | 45.2% |
| RNG RingCentral | Q3 2026 | $676M | +6% | 8.0% |
| PLTK Playtika Holding | Q3 2026 | $674M | -0.1% | 17.2% |
Source: Shutterstock 10-Q on SEC EDGAR · CIK 1549346 · Services-Computer Processing & Data Preparation
Guidance and outlook
13F: who owns SSTK and who is buying
More on SSTK
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results