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Jay Maisel, whose ‘light, color, gesture’ philosophy shaped generations of photographers, dies at 95

From a single album cover to more than 640 workshop students, Maisel’s reach across American visual culture was wider than most photographers ever realize.

A person sitting in a chair in a large, empty room with wooden floors, holding and lighting a cigar.Mind Hive Films / Crooked Mile

Jay Maisel, the influential American photographer and devoted educator whose images reshaped the visual language of advertising, editorial and street photography, died on August 24, 2026, at age 95. Across a career spanning more than seven decades, Maisel made iconic pictures while teaching generations of photographers to recognize the expressive possibilities of light, color and human gesture.

Maisel began his professional photography career in 1954 and went on to make pictures for major magazines, advertisers and cultural institutions, bringing the same alert, keen eye to celebrity portraiture, magazine covers and street scenes. He received numerous honors over the course of his career, including induction into the Art Directors Club Hall of Fame; the American Society of Media Photographers’ Lifetime Achievement Award; the International Center of Photography’s Infinity Award; and a Lucie Lifetime Achievement Award. His most famous single image may be the cover photograph for Miles Davis’s landmark 1959 album Kind of Blue, a portrait now inseparable from the best-selling jazz album of all time.

For nearly 50 years, Maisel lived and worked in the six-story Germania Bank Building on the Bowery, a former 1898 bank he bought in 1966 and transformed into an extraordinary home, studio and repository for his work. Known simply as “the Bank,” the 72-room building became as legendary in photography circles as its owner. The 2019 documentary Jay Myself, directed by Stephen Wilkes, offers a look inside the remarkable space and chronicles Maisel’s departure from it after he sold the building in 2015.

I have long been drawn to Maisel’s interest in objects and their photographic potential. The Bank’s floors held different collections, and the way he surrounded himself with things seemed to embody the curiosity and sense of play evident in his photographs. As someone who also collects objects, I found his ability to show familiar things anew a direct influence on my own work. “Art is, to some effect, trying to make others see what you see,” he said; it’s an idea I have returned to often in my own work.

Art is, to some effect, trying to make others see what you see.

Jay Maisel

That way of seeing also informed Maisel’s teaching, for which he was equally admired. His core framework – light, gesture and color – was an invitation to pay closer attention to the world: to the way illumination can shape a scene, color can organize it and a fleeting gesture can give it life. He also urged photographers to take responsibility for every part of the frame, finding images through sustained observation. Through workshops, seminars and lectures, Maisel extended his influence far beyond his own pictures, leaving photographers with one clear instruction: look harder.

About the Author: Abby Ferguson holds an MFA in photography and blends a fine-art background with extensive editorial and commercial experience. She built and led an in-house imaging program for a large vacation rental company and has served as an associate editor at Popular Photography. She also teaches at a local community college and serves on its Photographic Technology Program Advisory Board, sharing her knowledge and enthusiasm for the medium.

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Hasselblad’s latest financial results: sales up 20%, gross margins declined sharply, net profit fell 20%, operating profit reached a new high

Par : PR admin
24 août 2026 à 03:00


Hasselblad operates as a private company under its parent entity, DJI, so it does not publish detailed quarterly earnings calls or SEC-style public reports. However, official annual corporate filings submitted by its operating subsidiaries (Victor Hasselblad AB in Sweden and Hasselblad Holding S.à r.l. in Luxembourg) reveal the following recent financial figures:


Victor Hasselblad AB (Primary Operating Entity)

  • Sales Revenue: SEK 1.89 billion
  • Operating Income: SEK 438.2 million
  • Net Profit: SEK 344.8 million

Business Highlights & Drivers

  • Growth Trajectory: Hasselblad’s financial turnaround in recent years has been largely driven by the strong adoption of the X2D 100C mirrorless system, followed by the 907X & CFV 100C and compact XCD lens releases (e.g., XCD 28P, XCD 25V, XCD 20–35E, XCD 75P).
  • Parent Support: Since being acquired by Chinese technology firm DJI, Hasselblad has leveraged shared supply chain efficiencies and technological integration, moving the brand back into strong profitability compared to its losses in the early 2010s.

Hasselblad 2025 financial results

All figures below are the dollar-converted figures from the financial table you provided; the actual filing is in euros.

$ millions 2025 2024 Change
Sales revenue $325.9M $271.7M +20.0%
Gross profit $84.7M $81.4M +4.1%
R&D $21.1M $22.0M −3.8%
Operating profit $46.8M $41.7M +12.0%
Profit before tax $44.7M $42.7M +4.7%
Tax credit / (tax paid) −$10.8M −$0.2M
Profit for the year $33.9M $42.5M −20.2%
Total comprehensive income $37.5M $41.9M −10.5%

The big story: revenue continues to surge

Hasselblad’s revenue has grown dramatically over the past three years:

  • 2022: $77.2M
  • 2023: $154.8M +100%
  • 2024: $271.7M +75.6%
  • 2025: $325.9M +20.0%

So revenue has more than quadrupled since 2022 and increased almost 4× between 2020 and 2025. The implied 2020–2025 revenue CAGR is approximately 30.6%.

Gross margin deteriorated significantly

This is probably the most interesting part of the results. Hasselblad’s gross profit increased only from $81.4M to $84.7M, despite revenue increasing by $54.2M. That means the gross margin fell from approximately:

  • 2024: 30.0%
  • 2025: 26.0%

That’s a substantial deterioration. For comparison:

Year Revenue Gross margin
2020 $85.8M 32.1%
2021 $74.0M 38.8%
2022 $77.2M 40.2%
2023 $154.8M 38.4%
2024 $271.7M 30.0%
2025 $325.9M 26.0%

So despite the enormous increase in sales, Hasselblad is generating less gross profit per dollar of revenue than it did several years ago.

Matt Granger’s Hasselblad Expert Setup Guide now updated for the latest X2DII camera & 35-100mm lens

Operating profit still improved

Despite the weaker gross margin, operating profit increased from $41.7M to $46.8M, or approximately 12%. Operating margin was:

  • 2024: 15.4%
  • 2025: 14.3%

So operating profitability remained quite strong, but the margin slipped. One notable factor is R&D. Hasselblad spent approximately $21.1M on R&D in 2025, down from $22.0M in 2024 and $26.4M in 2023. R&D therefore represented about 6.5% of revenue in 2025.

Net profit declined substantially

This is where the headline looks less impressive. Hasselblad’s profit for the year fell from $42.5M in 2024 to $33.9M in 2025, a decline of approximately 20%. The difference is particularly notable because operating profit actually increased. The table shows a $10.8M tax expense in 2025, compared with only about $154,000 in 2024. That explains much of the gap between the improvement in operating profit and the decline in net income. Net margin consequently dropped from approximately 15.7% in 2024 to 10.4% in 2025.

Six-year picture

The overall trajectory is striking:

Year Revenue Operating profit Net profit
2020 $85.8M $5.3M $7.8M
2021 $74.0M $4.6M $3.0M
2022 $77.2M $4.4M $1.6M
2023 $154.8M $23.3M $15.9M
2024 $271.7M $41.7M $42.5M
2025 $325.9M $46.8M $33.9M

In other words, 2025 was Hasselblad’s biggest sales year by a very large margin, and operating profit was also a record in this six-year series. But 2024 was actually the better year for bottom-line profitability.

You can download the financial records from this page.

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