Manhattan Associates (MANH) Gross Margin (2010 - 2026)
Manhattan Associates (MANH) reported Gross Margin of 55.13% for Q1 2026, down 3686.0% year-over-year from 1.54% in Q1 2025, and down 21.67% on a QoQ basis from 70.38% in Q4 2025.
Manhattan Associates (MANH) has 17 years of Gross Margin data on file, last reported at 55.13% in Q1 2026.
- Quarterly Gross Margin fell 3686.0% year-over-year to 55.13% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 72.27% (down 1693.0% YoY) and the FY2025 annual result came in at 70.41%, down 48.0% from the prior year.
- Gross Margin slipped to 55.13% in Q1 2026 per MANH's latest filing, from 70.38% in the prior quarter.
- Across five years, Gross Margin topped out at 202.82% in Q4 2022 and bottomed at 53.26% in Q3 2023.
- The 5-year median for Gross Margin is 71.51% (2024), against an average of 83.94%.
- The widest annual swing landed in 2022, when Gross Margin soared 13836 bps; it then slumped 11131 bps in 2023.
- Tracing MANH's Gross Margin over 5 years: stood at 202.82% in 2022, then slumped by 55 bps to 91.52% in 2023, then soared by 33 bps to 121.31% in 2024, then tumbled by 42 bps to 70.38% in 2025, then decreased by 22 bps to 55.13% in 2026.
- Per Business Quant, the three latest MANH Gross Margin figures stand at 55.13% (Q1 2026), 70.38% (Q4 2025), and 71.54% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Manhattan Associates | 8.28 Bn | 8.05 Bn | 155.57 Mn | 55.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 55.13% |
| Dec 31, 2025 | 70.38% |
| Sep 30, 2025 | 71.54% |
| Jun 30, 2025 | 92.67% |
| Mar 31, 2025 | 91.99% |
| Dec 31, 2024 | 121.31% |
| Sep 30, 2024 | 73.29% |
| Jun 30, 2024 | 71.51% |
| Mar 31, 2024 | 92.17% |
| Dec 31, 2023 | 91.52% |
| Sep 30, 2023 | 53.26% |
| Jun 30, 2023 | 69.53% |
| Mar 31, 2023 | 68.87% |
| Dec 31, 2022 | 202.82% |
| Sep 30, 2022 | 67.94% |
| Jun 30, 2022 | 66.51% |
| Mar 31, 2022 | 66.58% |
| Dec 31, 2021 | 64.46% |
| Sep 30, 2021 | 91.69% |
| Jun 30, 2021 | 67.47% |
| Mar 31, 2021 | 52.78% |
| Dec 31, 2020 | 90.78% |
| Sep 30, 2020 | 92.39% |
| Jun 30, 2020 | 67.81% |
| Mar 31, 2020 | 51.38% |
| Dec 31, 2019 | 89.91% |
| Sep 30, 2019 | 92.53% |
| Jun 30, 2019 | 90.59% |
| Mar 31, 2019 | 90.04% |
| Dec 31, 2018 | 90.41% |
| Sep 30, 2018 | 92.47% |
| Jun 30, 2018 | 90.27% |
| Mar 31, 2018 | 90.13% |
| Dec 31, 2017 | 90.82% |
| Sep 30, 2017 | 92.98% |
| Jun 30, 2017 | 92.39% |
| Mar 31, 2017 | 91.78% |
| Dec 31, 2016 | 90.77% |
| Sep 30, 2016 | 88.84% |
| Jun 30, 2016 | 86.92% |
| Mar 31, 2016 | 85.81% |
| Dec 31, 2015 | 90.12% |
| Sep 30, 2015 | 67.20% |
| Jun 30, 2015 | 66.60% |
| Mar 31, 2015 | 55.75% |
| Dec 31, 2014 | 65.08% |
| Sep 30, 2014 | 65.22% |
| Jun 30, 2014 | 55.67% |
| Mar 31, 2014 | 66.13% |
| Dec 31, 2013 | 89.43% |
| Sep 30, 2013 | 90.85% |
| Jun 30, 2013 | 55.17% |
| Mar 31, 2013 | 53.20% |
| Dec 31, 2012 | 64.30% |
| Sep 30, 2012 | 88.52% |
| Jun 30, 2012 | 83.53% |
| Mar 31, 2012 | 54.94% |
| Dec 31, 2011 | 83.22% |
| Sep 30, 2011 | 87.31% |
| Jun 30, 2011 | 68.94% |
| Mar 31, 2011 | 81.10% |
| Dec 31, 2010 | 51.67% |
| Sep 30, 2010 | 66.68% |
| Jun 30, 2010 | 54.53% |
| Mar 31, 2010 | 54.99% |