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% quarter-over-quarter from 70.38% in Q4 2025.

Manhattan Associates (MANH) Gross Margin (2010 - 2026) Analysis & Trends

Manhattan Associates (MANH) has 17 years of Gross Margin data on file, last reported at 55.13% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 55.13%, down 3686.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 72.27% (down 1693.0% YoY), and the FY2025 annual result was 70.41%, down 48.0% from the prior year.
  • Gross Margin retreated to 55.13% in Q1 2026 per MANH's latest filing, from 70.38% in the prior quarter.
  • Over five years, Gross Margin peaked at 202.82% in Q4 2022 and troughed at 53.26% in Q3 2023.
  • A 5-year average of 83.94% and a median of 71.51% in 2024 frame the typical range for Gross Margin.
  • The sharpest annual moves came in 2022 and 2023: Gross Margin surged 13836 bps in 2022, then plunged 11131 bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 202.82% in 2022, then plunged by 55 bps to 91.52% in 2023, then surged by 33 bps to 121.31% in 2024, then sank by 42 bps to 70.38% in 2025, then dropped by 22 bps to 55.13% in 2026.
  • Business Quant data shows MANH's Gross Margin at 55.13% in Q1 2026, 70.38% in Q4 2025, and 71.54% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 72.98%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 89.96%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 48.77%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 76.92%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 85.65%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 75.07%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 48.28%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 89.20%
10 Manhattan Associates 8.34 Bn 8.12 Bn 155.57 Mn 55.13%

Historic Data

Download Data
DateValue
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%