Manhattan Associates (MANH) Operating Expenses (2010 - 2026)
Manhattan Associates (MANH) posted quarterly Operating Expenses of $231.6 million for Q2 2026, up 16.58% year-over-year from $198.6 million in Q2 2025, and up 6.57% on a QoQ basis from $217.3 million in Q1 2026.
Manhattan Associates (MANH) Operating Expenses (2010 - 2026) Analysis & Trends
Manhattan Associates has reported Operating Expenses for 17 years, with the latest figure at $231.6 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $231.6 million, up 16.58% year-over-year; the trailing twelve-month figure through Jun 2026 was $852.2 million (up 8.57% YoY), and the FY2025 annual result was $801.6 million, up 2.67% from the prior year.
- Operating Expenses improved to $231.6 million in Q2 2026, from $217.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $231.6 million in Q2 2026 and troughed at $145.0 million in Q1 2022.
- A 5-year average of $186.9 million and a median of $193.4 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses gained 27.26%; it then rose 0.76% in 2025.
- A 5-year view of Operating Expenses shows it stood at $153.4 million in 2022, then gained by 16.94% to $179.4 million in 2023, then advanced by 8.76% to $195.1 million in 2024, then rose by 4.24% to $203.4 million in 2025, then gained by 13.86% to $231.6 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $231.6 million in Q2 2026, $217.3 million in Q1 2026, and $203.4 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Manhattan Associates | 11.51 Bn | 11.32 Bn | 168.33 Mn | 231.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 231.56 Mn |
| 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 |