Revenue growth remains muted with quarterly fluctuations between a 5.7% decline and a 14.1% peak, while gross margins have compressed from historical highs of 73.5% in 2024Q4 to 63.4% in 2026Q1.
Getty Images Holdings, Inc. (GETY) annual income statement — 6-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 |
|---|
| Sales/Revenue | 978M | 981.29M | 939.29M | 916.55M | 926.24M | 918.69M | 815.4M |
| Revenue Growth % | 3.29% | 4.47% | 2.48% | -1.05% | 0.82% | 12.67% | - |
| Cost of Goods Sold | 319.73M | 326.08M | 253.07M | 250.25M | 254.99M | 248.15M | 226.07M |
| COGS % of Revenue | - | 33.23% | 26.94% | 27.3% | 27.53% | 27.01% | 27.72% |
| Gross Profit | 658.27M | 655.21M | 686.22M | 666.31M | 671.25M | 670.54M | 589.34M |
| Gross Margin % | 67.31% | 66.77% | 73.06% | 72.7% | 72.47% | 72.99% | 72.28% |
| Gross Profit Growth % | - | -4.52% | 2.99% | -0.74% | 0.11% | 13.78% | - |
| Operating Expenses | 452.04M | 423.7M | 505.41M | 538.63M | 469.22M | 468.55M | 433.08M |
| OpEx % of Revenue | - | 43.18% | 53.81% | 58.77% | 50.66% | 51% | 53.11% |
| Selling, General & Admin | 416.32M | 415.97M | 407.8M | 402.52M | 375.58M | 367.7M | 324.42M |
| SG&A % of Revenue | - | 42.39% | 43.42% | 43.92% | 40.55% | 40.02% | 39.79% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 3.49M | 7.73M | 97.62M | 136.12M | 93.64M | 100.85M | 108.66M |
| Operating Income | 206.23M | 231.51M | 180.81M | 127.67M | 202.03M | 201.99M | 156.26M |
| Operating Margin % | 21.09% | 23.59% | 19.25% | 13.93% | 21.81% | 21.99% | 19.16% |
| Operating Income Growth % | - | 28.05% | 41.62% | -36.81% | 0.02% | 29.27% | - |
| EBITDA | 271.98M | 296.28M | 242.1M | 206.12M | 295.25M | 302.45M | 255.62M |
| EBITDA Margin % | 27.81% | 30.19% | 25.77% | 22.49% | 31.88% | 32.92% | 31.35% |
| EBITDA Growth % | 13.48% | 22.38% | 17.46% | -30.19% | -2.38% | 18.32% | - |
| D&A (Non-Cash Add-back) | 65.75M | 64.76M | 61.29M | 78.44M | 93.22M | 100.46M | 99.36M |
| EBIT | 117.6M | -6.13M | 218.36M | 99.98M | 83.71M | 258.29M | 97.07M |
| Net Interest Income | -198.46M | -156.18M | -131.41M | -126.88M | -117.23M | -122.16M | -124.93M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 198.46M | 156.18M | 131.41M | 126.88M | 117.23M | 122.16M | 124.93M |
| Other Income/Expense | -287.09M | -393.82M | -93.85M | -154.58M | -235.55M | -65.86M | -184.12M |
| Pretax Income | -80.86M | -162.31M | 86.95M | -26.91M | -33.52M | 136.13M | -27.86M |
| Pretax Margin % | -8.27% | -16.54% | 9.26% | -2.94% | -3.62% | 14.82% | -3.42% |
| Income Tax | 78.61M | 43.88M | 47.48M | -46.48M | 44.13M | 18.73M | 9.52M |
| Effective Tax Rate % | -97.21% | -27.03% | 54.61% | 172.76% | -131.65% | 13.76% | -34.16% |
| Net Income | -158.85M | -206.12M | 39.53M | 19.34M | -77.55M | 117.07M | -37.19M |
| Net Margin % | -16.24% | -21.01% | 4.21% | 2.11% | -8.37% | 12.74% | -4.56% |
| Net Income Growth % | -37.64% | -621.39% | 104.42% | 124.94% | -166.25% | 414.76% | - |
| Net Income (Continuing) | -159.46M | -206.18M | 39.47M | 19.58M | -77.64M | 117.4M | -37.38M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 48.24M | 48.08M | 48.14M | 48.2M | 47.97M | 48.06M | 47.73M |
| EPS (Diluted) | -0.38 | -0.50 | 0.10 | 0.05 | -0.53 | 0.14 | -0.32 |
| EPS Growth % | -34.02% | -624.66% | 102.77% | 108.87% | -478.57% | 143.75% | - |
| EPS (Basic) | - | -0.50 | 0.10 | 0.05 | -0.53 | 0.14 | -0.32 |
| Diluted Shares Outstanding | 419.6M | 414.34M | 414.87M | 411.5M | 276.94M | 330.84M | 319.01M |
| Basic Shares Outstanding | 419.6M | 414.34M | 409.14M | 399.04M | 276.94M | 330.84M | 319.01M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Quick answers to the most common questions about buying GETY stock.
For fiscal year 2025, Getty Images Holdings, Inc. (GETY) reported total revenue of $981.3M. This represents a 20.3% increase compared to $815.4M in 2020.
Getty Images Holdings, Inc. (GETY) reported a net loss of $206.1M for the fiscal year ending 2025.
Getty Images Holdings, Inc. (GETY) reported an operating income of $231.5M, resulting in an operating profit margin of 23.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Getty Images Holdings, Inc. (GETY) generated $655.2M in gross profit for the year, representing a gross profit margin of 66.8%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Debt service and litigation
Metrics are mathematically derived from official filings.
Revenue Growth Remains Stagnant Overall
According to quarterly financial disclosures, GETY's revenue growth has remained largely muted, fluctuating between a 5.7% decline and a 14.1% peak, suggesting that the company's transition to a subscription-based model has yet to catalyze a consistent, durable acceleration in top-line performance across its core segments.
The inconsistent revenue trajectory indicates that the company is struggling to offset the decline in transactional volume with its subscription offerings. Investors should monitor whether the recent 14.1% growth spike in 2025Q4 represents a sustainable shift or merely a seasonal anomaly tied to specific editorial event cycles.
Gross Margin Compression Signals Pressure
As reported in recent income statements, gross margins have contracted from historical highs near 73% in 2024 to approximately 63.4% in 2026Q1, suggesting that rising content acquisition costs or competitive pricing pressures are beginning to erode the company's structural profitability in the premium imagery market.
This downward trend in gross margin is concerning, as it implies that the company's unique archive assets may be losing their pricing power against lower-cost alternatives. The inability to maintain margins above 70% warrants further investigation into whether contributor royalty structures are becoming increasingly burdensome to the bottom line.
Net Income Volatility Masks Performance
Based on the provided financial data, GETY's net income has exhibited extreme volatility, swinging from a $39.1M profit in 2023Q4 to a $102.6M loss in 2025Q1, which suggests that non-operating items and interest expenses are significantly distorting the company's true underlying operational earnings potential.
The frequent divergence between operating income and net income implies that the company's capital structure is heavily impacting shareholder value. Analysts should scrutinize whether these periodic losses are driven by recurring debt service obligations or one-time impairments that may continue to obscure the company's core profitability.
Structural Debt and Margin Risks
Financial filings reveal that despite maintaining positive operating income, the company frequently reports negative net margins, which suggests that the current debt-heavy capital structure may be unsustainable if the company fails to achieve significant, consistent growth in its high-margin editorial and subscription-based revenue streams.
Short-sellers would likely focus on the disconnect between the company's operational efficiency and its inability to generate consistent bottom-line profits. This structural vulnerability suggests that any further contraction in advertising spend could leave the company with limited flexibility to manage its interest obligations and ongoing legal defense costs.