Image file formats are standardized means of organizing and storing digital images. Image files are composed of digital data in one of these formats that can be rasterized for use on a computer display or printer. An image file format may store data in uncompressed, compressed, or vector formats. Once rasterized, an image becomes a grid of pixels, each of which has a number of bits to designate its color equal to the color depth of the device displaying it.

Generally speaking, in raster images, Image file size is positively correlated to the number of pixels in an image and the color depth, or bits per pixel, of the image. Images can be compressed in various ways, however. Compression uses an algorithm that stores an exact representation or an approximation of the original image in a smaller number of bytes that can be expanded back to its uncompressed form with a corresponding decompression algorithm. Considering different compressions, it is common for two images of the same number of pixels and color depth to have a very different compressed file size. Considering the exact same compression, number of pixels, and color depth for two images, different graphical complexity of the original images may also result in very different file sizes after compression due to the nature of compression algorithms. With some compression formats, images that are less complex may result in smaller compressed file sizes. This characteristic sometimes results in a smaller file size for some lossless formats than lossy formats. For example, simple images may be losslessly compressed into a GIF or PNG format and result in a smaller file size than a lossy JPEG format.

A file format is a particular way that information is encoded for storage in a computer file, as files need a way to be represented as bits when stored on a disc drive or other digital storage medium. File formats can be divided into two types: proprietary and open formats.^{[contradictory]}

Some file formats are designed for very particular types of data: PNG files, for example, store bitmapped images using lossless data compression. Other file formats, however, are designed for storage of several different types of data: the Ogg format can act as a container for different types of multimedia, including any combination of audio and video, with or without text (such as subtitles), and metadata. A text file can contain any stream of characters, including possible control characters, and is encoded in one of various character encoding schemes. Some file formats, such as HTML, scalable vector graphics, and the source code of computer software are text files with defined syntaxes that allow them to be used for specific purposes.