Manhattan Associates (MANH) Cost of Revenue (2010 - 2026)
Manhattan Associates (MANH) reported Cost of Revenue of $88.8 million for Q1 2026, down 22.49% on a YoY basis from $114.6 million in Q1 2025, and up 390.26% sequentially from -$30.6 million in Q4 2025.
Manhattan Associates (MANH) Cost of Revenue (2010 - 2026) Analysis & Trends
Manhattan Associates (MANH) has 17 years of Cost of Revenue data on file, last reported at $88.8 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 22.49% year-over-year to $88.8 million; the trailing twelve-month figure through Mar 2026 stood at $294.2 million (down 21.41% YoY), and the FY2025 full-year result was $320.0 million, down 32.06% from the prior year.
- Cost of Revenue climbed to $88.8 million in Q1 2026, from -$30.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $219.3 million in Q4 2023 to a low of -$30.6 million in Q4 2025.
- A 5-year average of $93.7 million and a median of $90.0 million in 2022 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 1120.75% in 2022 and sank 127.08% in 2025, its largest moves.
- Tracing MANH's Cost of Revenue over 5 years: stood at $90.0 million in 2022, then soared by 143.64% to $219.3 million in 2023, then tumbled by 48.47% to $113.0 million in 2024, then slumped by 127.08% to -$30.6 million in 2025, then soared by 390.26% to $88.8 million in 2026.
- Business Quant data shows MANH's Cost of Revenue at $88.8 million in Q1 2026, -$30.6 million in Q4 2025, and $119.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 1.62 Bn |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 2.57 Bn |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 7.26 Bn |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 1.17 Bn |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 3.07 Bn |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 715.00 Mn |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 464.50 Mn |
| 10 | Manhattan Associates | 9.64 Bn | 9.41 Bn | 193.41 Mn | 88.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 88.80 Mn |
| Mar 31, 2026 | 88.80 Mn |
| Dec 31, 2025 | -30.60 Mn |
| Dec 31, 2025 | -30.60 Mn |
| Sep 30, 2025 | 119.81 Mn |
| Sep 30, 2025 | 119.81 Mn |
| Jun 30, 2025 | 116.22 Mn |
| Jun 30, 2025 | 116.22 Mn |
| Mar 31, 2025 | 114.57 Mn |
| Mar 31, 2025 | 114.57 Mn |
| Dec 31, 2024 | 112.99 Mn |
| Dec 31, 2024 | 112.99 Mn |
| Sep 30, 2024 | 71.24 Mn |
| Sep 30, 2024 | 71.24 Mn |
| Jun 30, 2024 | 75.60 Mn |
| Jun 30, 2024 | 75.60 Mn |
| Mar 31, 2024 | 119.29 Mn |
| Mar 31, 2024 | 119.29 Mn |
| Dec 31, 2023 | 219.29 Mn |
| Dec 31, 2023 | 219.29 Mn |