Manhattan Associates (MANH) Operating Expenses (2010 - 2026)
Manhattan Associates (MANH) reported Operating Expenses of $217.3 million for Q1 2026, up 8.85% year-over-year from $199.6 million in Q1 2025, and up 6.84% quarter-over-quarter from $203.4 million in Q4 2025.
Manhattan Associates (MANH) Operating Expenses (2010 - 2026) Analysis & Trends
Manhattan Associates (MANH) has 17 years of Operating Expenses data on file, last reported at $217.3 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $217.3 million, up 8.85% year-over-year; the trailing twelve-month figure through Mar 2026 was $819.3 million (up 4.57% YoY), and the FY2025 annual result was $801.6 million, up 2.67% from the prior year.
- Operating Expenses rose to $217.3 million in Q1 2026 per MANH's latest filing, from $203.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $217.3 million in Q1 2026 and troughed at $145.0 million in Q1 2022.
- A 5-year average of $184.3 million and a median of $191.6 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses climbed 27.26% in 2022, then advanced 0.76% in 2025.
- A 5-year view of Operating Expenses shows it stood at $153.4 million in 2022, then rose by 16.94% to $179.4 million in 2023, then gained by 8.76% to $195.1 million in 2024, then increased by 4.24% to $203.4 million in 2025, then increased by 6.84% to $217.3 million in 2026.
- Business Quant data shows MANH's Operating Expenses at $217.3 million in Q1 2026, $203.4 million in Q4 2025, and $200.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | Manhattan Associates | 8.34 Bn | 8.12 Bn | 155.57 Mn | 217.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 217.28 Mn |
| Dec 31, 2025 | 203.38 Mn |
| Sep 30, 2025 | 199.97 Mn |
| Jun 30, 2025 | 198.63 Mn |
| Mar 31, 2025 | 199.62 Mn |
| Dec 31, 2024 | 195.11 Mn |
| Sep 30, 2024 | 191.59 Mn |
| Jun 30, 2024 | 197.13 Mn |
| Mar 31, 2024 | 196.92 Mn |
| Dec 31, 2023 | 179.39 Mn |
| Sep 30, 2023 | 184.99 Mn |
| Jun 30, 2023 | 180.53 Mn |
| Mar 31, 2023 | 173.93 Mn |
| Dec 31, 2022 | 153.40 Mn |
| Sep 30, 2022 | 161.33 Mn |
| Jun 30, 2022 | 154.67 Mn |
| Mar 31, 2022 | 144.98 Mn |
| Dec 31, 2021 | 144.35 Mn |
| Sep 30, 2021 | 126.78 Mn |
| Jun 30, 2021 | 126.76 Mn |