Manhattan Associates (MANH) Gross Margin (2010 - 2026)
Manhattan Associates (MANH) posted quarterly Gross Margin of 56.53% for Q2 2026, down 81.0% year-over-year from 297.51% in Q2 2025, and up 2.54% on a QoQ basis from 55.13% in Q1 2026.
Manhattan Associates (MANH) Gross Margin (2010 - 2026) Analysis & Trends
Manhattan Associates has reported Gross Margin for 17 years, with the latest figure at 56.53% in Q2 2026.
- Gross Margin for Q2 2026 came in at 56.53%, down 81.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 55.81% (down 47.0% YoY), and the FY2025 annual result was 56.32%, up 151.0% from the prior year.
- Gross Margin climbed to 56.53% in Q2 2026, from 55.13% in the prior quarter.
- Over five years, Gross Margin peaked at 57.34% in Q2 2025 and troughed at 51.46% in Q3 2022.
- A 5-year average of 54.66% and a median of 54.86% in 2025 frame the typical range for Gross Margin.
- The widest annual swing landed in 2022, when Gross Margin slumped 628 bps; it then soared 326 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 54.57% in 2022, then increased by 1 bps to 55.2% in 2023, then grew by 1 bps to 55.83% in 2024, then declined by 2 bps to 54.97% in 2025, then grew by 3 bps to 56.53% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 56.53% in Q2 2026, 55.13% in Q1 2026, and 54.97% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Manhattan Associates | 11.51 Bn | 11.32 Bn | 168.33 Mn | 56.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 56.53% |
| Mar 31, 2026 | 68.53% |
| Dec 31, 2025 | 111.32% |
| Sep 30, 2025 | 56.56% |
| Jun 30, 2025 | 57.34% |
| Mar 31, 2025 | 56.40% |
| Dec 31, 2024 | 55.83% |
| Sep 30, 2024 | 73.29% |
| Jun 30, 2024 | 71.51% |
| Mar 31, 2024 | 53.14% |
| Dec 31, 2023 | 7.96% |
| Sep 30, 2023 | 69.76% |
| Jun 30, 2023 | 52.90% |
| Mar 31, 2023 | 53.11% |
| Dec 31, 2022 | 54.57% |
| Sep 30, 2022 | 67.94% |
| Jun 30, 2022 | 66.51% |
| Mar 31, 2022 | 53.38% |
| Dec 31, 2021 | 95.70% |
| Sep 30, 2021 | 68.46% |