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

251.90 3.27 −1.28%
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) Operating margin

Alert me on Operating margin

Manhattan Associates, Inc.'s operating margin over the twelve months to 30 September 2026 was 24.1%, down 1.7 percentage points from fiscal 2025 (25.9%). Over the past ten years it has ranged from 18.8% (fiscal 2019) to 32.1% (fiscal 2016); the current reading is higher than 73% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 25.9% 0.77
FY2024 25.1% 2.50
FY2023 22.6% 2.69
FY2022 19.9% (0.33)
FY2021 20.2% 0.79
FY2020 19.5% 0.69
FY2019 18.8% (5.18)
FY2018 23.9% (7.28)
FY2017 31.2% (0.92)
FY2016 32.1% 3.12

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 26.5% 4.21
Jun 2026 22.2% (0.77)
Mar 2026 23.0% (1.77)
Dec 2025 24.8% (2.71)
43 more quarters

Against its own ten years

Low 18.8% High 32.1%
Ten-year median 23.9%
Current reading's percentile 56

Operating margin against peers

Company Operating margin
FICO Fair Isaac Corporation compare 51.7%
BSY Bentley Systems, Incorporated compare 25.2%
MANH Manhattan Associates, Inc. 24.1%
SSNC SS&C Technologies Holdings, Inc. compare 23.6%
TYL Tyler Technologies, Inc. compare 15.6%
DT Dynatrace, Inc. compare 12.7%
DOCU Docusign Inc. compare 12.0%
GWRE Guidewire Software, Inc. compare 10.2%
GRAB Grab Holdings Limited compare 5.06%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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