Manhattan Associates (MANH) Gross Margin (2010 - 2026)
Manhattan Associates (MANH) recorded Gross Margin of 56.53% in Q2 2026, down 0.81 percentage points from 57.34% a year earlier but up 1.40 percentage points from the prior quarter.
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Analysis
Manhattan Associates (MANH) Gross Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Manhattan Associates' Gross Margin came in at 55.81% as of Jun 30, 2026, down 0.47 percentage points year-over-year; for FY2025, it came in at 56.32%, up 1.51 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, with a five-year change of +2.35 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 54.82% in FY2024 (+1.18 pp), 53.63% in FY2023 (+0.33 pp), 53.30% in FY2022 (-1.82 pp) and 55.12% in FY2021 (+1.15 pp).
- Quarterly Gross Margin has ranged from 51.46% in Q3 2022 to 57.74% in Q3 2021 over the past five years.
- On a year-over-year basis, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of +0.85 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 3.26 percentage points in Q1 2025, against a drop of 6.28 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 55.13% (Q1 2026), 54.97% (Q4 2025) and 56.56% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 81.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 56.53% |
| Mar 31, 2026 | 55.13% |
| Dec 31, 2025 | 54.97% |
| Sep 30, 2025 | 56.56% |
| Jun 30, 2025 | 57.34% |
| Mar 31, 2025 | 56.40% |
| Dec 31, 2024 | 55.83% |
| Sep 30, 2024 | 55.50% |
| Jun 30, 2024 | 54.76% |
| Mar 31, 2024 | 53.14% |
| Dec 31, 2023 | 55.20% |
| Sep 30, 2023 | 53.26% |
| Jun 30, 2023 | 52.90% |
| Mar 31, 2023 | 53.11% |
| Dec 31, 2022 | 54.57% |
| Sep 30, 2022 | 51.46% |
| Jun 30, 2022 | 53.81% |
| Mar 31, 2022 | 53.38% |
| Dec 31, 2021 | 52.40% |
| Sep 30, 2021 | 57.74% |
API Access
Manhattan Associates Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MANH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MANH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MANH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();