Shutterstock Raises Quarterly Dividend 9% to $0.36 Per Share

Shutterstock, Inc. (SSTK) declared a quarterly cash dividend of $0.36 per share on January 26, 2026, representing a 9.1% increase from the $0.33 per share paid in the fourth quarter of 2025. The dividend will be paid on March 19, 2026 to stockholders of record at the close of business on March 5, 2026. Read more dividend announcements.

The declaration marks the latest in the company's regular dividend program. During the three months ended December 31, 2025, Shutterstock paid a dividend of $0.33 per common share, totaling $11.7 million.

Financial Performance Update

For the full year 2025, Shutterstock generated adjusted free cash flow of $149.5 million, an increase of $40.8 million from 2024. The improvement was driven by changes in working capital related to accounts receivable and timing differences between revenue recognition and cash collections.

Cash flow from operating activities totaled $188.7 million, partially offset by $47.8 million used in investing activities and $59.1 million in financing activities. Capital expenditures reached $42.9 million, primarily for internal-use software and website development costs.

Subscriber revenue declined to $104.7 million in the fourth quarter from $107.7 million in the prior-year period. For the full year, subscriber revenue fell to $429.8 million from $452.6 million. The company reported 1.03 million subscribers at year-end, down from 1.09 million a year earlier.

Average revenue per customer over the trailing twelve months increased to $281 from $255 in the prior year. Paid downloads totaled 107.9 million in the fourth quarter and 453.1 million for the full year.