Manhattan Associates (MANH) Operating Expenses (2010 - 2026)
Manhattan Associates (MANH) reported Operating Expenses of $217.3 million for Q1 2026, up 8.85% on a YoY basis from $199.6 million in Q1 2025, and up 6.84% sequentially 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.
- For the quarter ending Q1 2026, Operating Expenses rose 8.85% year-over-year to $217.3 million; the trailing twelve-month figure through Mar 2026 stood at $819.3 million (up 4.57% YoY), and the FY2025 full-year result was $801.6 million, up 2.67% from the prior year.
- Operating Expenses climbed to $217.3 million in Q1 2026, from $203.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $217.3 million in Q1 2026 to a low of $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.
- Across the five-year window, Operating Expenses gained 27.26% in 2022 and rose 0.76% in 2025, its largest moves.
- Tracing MANH's Operating Expenses over 5 years: stood at $153.4 million in 2022, then grew by 16.94% to $179.4 million in 2023, then increased by 8.76% to $195.1 million in 2024, then climbed by 4.24% to $203.4 million in 2025, then climbed 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 | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Manhattan Associates | 8.72 Bn | 8.50 Bn | 193.41 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 |