Manhattan Associates (MANH) Gross Margin (2010 - 2026)
Manhattan Associates (MANH) reported Gross Margin of 68.53% for Q1 2026, up 1213.0% on a YoY basis from 5.22% in Q1 2025, and down 38.43% sequentially from 111.32% 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 68.53% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 1213.0% year-over-year to 68.53%; the trailing twelve-month figure through Mar 2026 stood at 73.27% (up 891.0% YoY), and the FY2025 full-year result was 70.41%, up 1559.0% from the prior year.
- Gross Margin fell to 68.53% in Q1 2026, from 111.32% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 111.32% in Q4 2025 to a low of 7.96% in Q4 2023.
- A 5-year average of 60.59% and a median of 56.56% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 4661 bps in 2023 and surged 5549 bps in 2025, its largest moves.
- Tracing MANH's Gross Margin over 5 years: stood at 54.57% in 2022, then slumped by 85 bps to 7.96% in 2023, then surged by 601 bps to 55.83% in 2024, then soared by 99 bps to 111.32% in 2025, then plunged by 38 bps to 68.53% in 2026.
- Business Quant data shows MANH's Gross Margin at 68.53% in Q1 2026, 111.32% in Q4 2025, and 56.56% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Manhattan Associates | 8.72 Bn | 8.50 Bn | 193.41 Mn | 68.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 57.48% |