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Getty Images Holdings (Getty Images Holdings) Gross Margin % : 72.89% (As of Mar. 2024)


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What is Getty Images Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Getty Images Holdings's Gross Profit for the three months ended in Mar. 2024 was $162.0 Mil. Getty Images Holdings's Revenue for the three months ended in Mar. 2024 was $222.3 Mil. Therefore, Getty Images Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 72.89%.


The historical rank and industry rank for Getty Images Holdings's Gross Margin % or its related term are showing as below:

GETY' s Gross Margin % Range Over the Past 10 Years
Min: 72.28   Med: 72.59   Max: 72.99
Current: 72.63


During the past 4 years, the highest Gross Margin % of Getty Images Holdings was 72.99%. The lowest was 72.28%. And the median was 72.59%.

GETY's Gross Margin % is ranked better than
61.66% of 519 companies
in the Interactive Media industry
Industry Median: 60.93 vs GETY: 72.63

Getty Images Holdings had a gross margin of 72.89% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Getty Images Holdings was 0.00% per year.


Getty Images Holdings Gross Margin % Historical Data

The historical data trend for Getty Images Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Getty Images Holdings Gross Margin % Chart

Getty Images Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
72.28 72.99 72.47 72.70

Getty Images Holdings Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.14 71.93 73.42 72.26 72.89

Competitive Comparison of Getty Images Holdings's Gross Margin %

For the Internet Content & Information subindustry, Getty Images Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Getty Images Holdings's Gross Margin % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Getty Images Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Getty Images Holdings's Gross Margin % falls into.



Getty Images Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Getty Images Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=666.3 / 916.555
=(Revenue - Cost of Goods Sold) / Revenue
=(916.555 - 250.249) / 916.555
=72.70 %

Getty Images Holdings's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=162 / 222.278
=(Revenue - Cost of Goods Sold) / Revenue
=(222.278 - 60.256) / 222.278
=72.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Getty Images Holdings  (NYSE:GETY) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Getty Images Holdings had a gross margin of 72.89% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Getty Images Holdings Gross Margin % Related Terms

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Getty Images Holdings (Getty Images Holdings) Business Description

Traded in Other Exchanges
N/A
Address
605 5th Avenue South, Suite 400, Seattle, WA, USA, 98104
Getty Images Holdings Inc is engaged in the core mission of bringing the world's creative and editorial visual content solutions to its customers to engage their audiences. the company has developed market enhancements across e-commerce, content subscriptions, user-generated content, diverse and inclusive content, and proprietary research alongside investment in its technology platform, which includes artificial intelligence and machine learning-driven search functionality and image editing and integrated APIs, to become a trusted industry leader in the visual content. Geographically the company operates in the Americas, Europe, the Middle East, Africa, and Asia-Pacific, out of which a majority of its revenue is generated from the Americas.
Executives
Jonathan Gear director C/O IHS MARKIT LTD., 4TH FLOOR, ROPEMAKE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
Chinh Chu director, officer: Chief Executive Officer THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
James Quella director C/O CATALENT, INC., 14 SCHOOLHOUSE ROAD, SOMERSET NJ 08822
Jason K Giordano officer: Executive VP, Corp. Develop. 345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Joel Alsfine director 2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Matthew Skurbe officer: Chief Financial Officer C/O CC NEUBERGER PRINCIPAL HOLDINGS II, 200 PARK AVE, 58TH FLOOR, NEW YORK NY 10166
Douglas Newton officer: Executive VP, Corp. Develop. 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Charles Kantor director C/O NEUBERGER BERMAN, 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Cc Neuberger Principal Holdings Ii Sponsor Llc 10 percent owner C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166