Manhattan Associates (MANH) EBITDA Margin (2010 - 2026)
Manhattan Associates (MANH) posted quarterly EBITDA Margin of 22.24% for Q2 2026, down 485.0% year-over-year from 5.78% in Q2 2025, and down 3.34% on a QoQ basis from 23.01% in Q1 2026.
Manhattan Associates (MANH) EBITDA Margin (2010 - 2026) Analysis & Trends
Manhattan Associates has reported EBITDA Margin for 17 years, with the latest figure at 22.24% in Q2 2026.
- EBITDA Margin for Q2 2026 came in at 22.24%, down 485.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 24.33% (down 146.0% YoY), and the FY2025 annual result was 25.87%, up 78.0% from the prior year.
- EBITDA Margin declined to 22.24% in Q2 2026, from 23.01% in the prior quarter.
- Over five years, EBITDA Margin peaked at 28.16% in Q3 2024 and troughed at 18.56% in Q3 2022.
- A 5-year average of 23.26% and a median of 22.82% in 2024 frame the typical range for EBITDA Margin.
- The largest YoY upside for EBITDA Margin was 674 bps in 2022 against a maximum downside of 650 bps in 2022.
- A 5-year view of EBITDA Margin shows it stood at 22.57% in 2022, then rose by 9 bps to 24.71% in 2023, then slipped by 4 bps to 23.72% in 2024, then gained by 4 bps to 24.78% in 2025, then decreased by 10 bps to 22.24% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 22.24% in Q2 2026, 23.01% in Q1 2026, and 24.78% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Manhattan Associates | 11.51 Bn | 11.32 Bn | 168.33 Mn | 22.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.24% |
| Mar 31, 2026 | 23.01% |
| Dec 31, 2025 | 24.78% |
| Sep 30, 2025 | 27.49% |
| Jun 30, 2025 | 27.09% |
| Mar 31, 2025 | 24.04% |
| Dec 31, 2024 | 23.72% |
| Sep 30, 2024 | 28.16% |
| Jun 30, 2024 | 25.70% |
| Mar 31, 2024 | 22.64% |
| Dec 31, 2023 | 24.71% |
| Sep 30, 2023 | 22.42% |
| Jun 30, 2023 | 21.85% |
| Mar 31, 2023 | 21.30% |
| Dec 31, 2022 | 22.57% |
| Sep 30, 2022 | 18.56% |
| Jun 30, 2022 | 19.41% |
| Mar 31, 2022 | 18.98% |
| Dec 31, 2021 | 15.83% |
| Sep 30, 2021 | 25.07% |