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| 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% |