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Ibex vs Shutterstock: IBEX and SSTK compared
Ibex is the larger company: $175M of revenue in its latest quarter (Q1 FY27) against $174M for Shutterstock (Q3 2026). Ibex is growing faster (+16% against -33% a year earlier). Ibex is more profitable, with an operating margin of 10.4% against -114.5%.
Where the money goes: IBEX and SSTK
Ibex (IBEX) · Q1 FY27
Ibex, Q1 FY27: revenue $175M (+16% year over year), operating margin 10.4%, net earnings $14.8M, operating cash flow $16.3M. The chart follows the revenue to costs, profit and cash.
Shutterstock (SSTK) · Q3 2026
Shutterstock, Q3 2026: revenue $174M (-33% year over year), operating margin -114.5%, net loss $198M, operating cash flow $18.3M. The chart follows the revenue to costs, profit and cash.
| Ibex (IBEX) | Shutterstock (SSTK) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $175M | $174M |
| Revenue growth, Y/Y | +16% | -33% |
| Operating margin | 10.4% | -114.5% |
| Net earnings | $14.8M | −$198M |
| Net margin | 8.4% | -113.7% |
| Operating cash flow | $16.3M | $18.3M |
| Free cash flow | $9.2M | $12.5M |
| Market value | — | $160M |
Where the revenue comes from
Shutterstock
- Content: $158M (91%)
- Data, Distribution, and Services: $15.8M (9%)
Questions
Which is bigger, Ibex or Shutterstock?
Ibex is the larger company: $175M of revenue in its latest quarter (Q1 FY27) against $174M for Shutterstock (Q3 2026).
Is Ibex or Shutterstock growing faster?
Ibex is growing faster (+16% against -33% a year earlier).
Which is more profitable, Ibex or Shutterstock?
Ibex is more profitable, with an operating margin of 10.4% against -114.5%.
More: Ibex earnings · how Ibex makes money · Shutterstock earnings · how Shutterstock makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.