Shutterstock (FRA:S3T) Research & Development: €76.1 Mil (TTM As of Mar. 2026)


FRA:S3T Shutterstock Inc FRA:S3T
74 GF Score
Price €11.78
GF Value €25.87
Valuation Possible Value Trap
! 5 Warning Signs
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What is Shutterstock Research & Development?

Shutterstock FRA:S3T -2.48% 74 Research & Development is €76.1 Mil as of Mar. 2026. GuruFocus rates FRA:S3T with a GF Score™ of 74/100 and a GF Value™ of €25.87 (Possible Value Trap). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Shutterstock's Research & Development for the three months ended in Mar. 2026 was €16.8 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €76.1 Mil.

Shutterstock  (FRA:S3T) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Shutterstock Research & Development Related Terms

Shutterstock Research & Development Historical Data

* Premium members only.

The historical data trend for Shutterstock's Research & Development 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.

Shutterstock Research & Development Chart

Shutterstock Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.03 61.77 88.18 84.44 76.03

Shutterstock Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.38 17.99 19.06 22.24 16.79
FRA:S3T
74GF Score
Shutterstock Inc FRA:S3T
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Shutterstock Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €76.1 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €76.1 Mil mean?
Shutterstock (FRA:S3T) has a Research & Development of €76.1 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Shutterstock and its competitors.
Is Shutterstock's Research & Development too high?
Shutterstock's current Research & Development is €76.1 Mil. Overall, Shutterstock has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shutterstock's Research & Development compare to NRDS and CARS?
Shutterstock's Research & Development of €76.1 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for an Interactive Media company?
A good Research & Development depends on the Interactive Media industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Shutterstock and its competitors. Shutterstock's current Research & Development is €76.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shutterstock stock overvalued right now?
Based on GuruFocus' analysis, Shutterstock (FRA:S3T) is currently considered Possible Value Trap. The stock's GF Value™ is €25.87, compared to a current price of €11.78 — trading 54.5% below its estimated fair value. The current Research & Development is €76.1 Mil. Shutterstock's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Shutterstock (FRA:S3T), the current Research & Development is €76.1 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shutterstock (FRA:S3T) Overvalued in 2026?

Based on GuruFocus' analysis, Shutterstock stock appears to be undervalued. The current stock price of €11.78 is trading 54.5% below its estimated GF Value™ of €25.87. GuruFocus considers Shutterstock to be Possible Value Trap.

Key valuation signals for FRA:S3T:

  • Research & Development: €76.1 Mil
  • GF Value™: €25.87 vs. price of €11.78 (54.5% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the FRA:S3T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shutterstock Business Description

Other Exchanges SSTK:USA0A8F:UKS3T:Germany
Address 350 Fifth Avenue, 20th Floor, New York, NY, USA, 10118
Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content. The content segment, whose offerings include licenses for Images, Footage, Music, 3 Dimensional, and Generative AI content. Data, Distribution, and Service offerings address customer demand for products and services that are beyond its Content licenses. The company generates the majority of its revenue from Content offerings. Geographically the company generates the majority of its revenue from the Domestic market, but also has its presence in Europe and Rest of the Countries.
74GF Score

Get the complete analysis for FRA:S3T

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.78
Price
€25.87
GF Value