Manhattan Associates, Inc.

MANH Technology Software Application

Manhattan Associates, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 3.75% from fiscal 2024.

Revenue
+11.0%
EPS
+8.25%
Free cash flow
−22.5%

Quarter to September 2026, against a year earlier

251.18 3.99 −1.56%
Market cap
$14.8B
P/E
71.0×
Fwd P/E
68.4×
Dividend yield
—
F-score
7/9
Altman Z
15.13
Beneish M
−3.40
Dividend safety
n/a

Manhattan Associates, Inc. (MANH) Gross margin

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Manhattan Associates, Inc.'s gross margin over the twelve months to 30 September 2026 was 55.9%, down 0.4 percentage points from fiscal 2025 (56.3%). Over the past ten years it has ranged from 53.3% (fiscal 2022) to 58.7% (fiscal 2017); the current reading is higher than 64% of that period. That is below the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 56.3% 1.50
FY2024 54.8% 1.19
FY2023 53.6% 0.33
FY2022 53.3% (1.82)
FY2021 55.1% 1.15
FY2020 54.0% 0.08
FY2019 53.9% (3.03)
FY2018 56.9% (1.75)
FY2017 58.7% 0.00
FY2016 58.7% 0.98

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 56.9% 0.40
Jun 2026 56.5% 1.40
Mar 2026 55.1% 0.16
Dec 2025 55.0% (1.59)
43 more quarters

Against its own ten years

Low 53.3% High 58.7%
Ten-year median 55.1%
Current reading's percentile 60

Gross margin against peers

Company Gross margin
FICO Fair Isaac Corporation compare 85.1%
BSY Bentley Systems, Incorporated compare 82.4%
DT Dynatrace, Inc. compare 81.1%
DOCU Docusign Inc. compare 79.5%
GWRE Guidewire Software, Inc. compare 64.2%
MANH Manhattan Associates, Inc. 55.9%
SSNC SS&C Technologies Holdings, Inc. compare 48.1%
TYL Tyler Technologies, Inc. compare 47.7%
GRAB Grab Holdings Limited compare 44.4%
Software Application industry median 66.9%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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