Manhattan Associates (MANH) Operating Expenses (2010 - 2026)
Manhattan Associates' (MANH) quarterly Operating Expenses came in at $231.6 million in Q2 2026, up 16.58% year-over-year from $198.6 million in Q2 2025, and up 6.57% quarter-over-quarter from $217.3 million in Q1 2026.
Analysis
Manhattan Associates (MANH) Operating Expenses (2010 - 2026) Analysis & Trends
Manhattan Associates has disclosed Operating Expenses across 17 years of filings, most recently posting $231.6 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 16.58% year-over-year to $231.6 million; the TTM figure through Jun 2026 stood at $852.2 million (up 8.57% YoY), while the FY2025 annual figure was $801.6 million, up 2.67% from the prior year.
- Operating Expenses came in at $231.6 million for Q2 2026 at Manhattan Associates, up from $217.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $231.6 million in Q2 2026 to a low of $145.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $186.9 million, with a median of $193.4 million recorded in 2024.
- Year-over-year, Operating Expenses advanced 27.26% in 2022 and gained 0.76% in 2025.
- Over 5 years, Operating Expenses stood at $153.4 million in 2022, then increased by 16.94% to $179.4 million in 2023, then rose by 8.76% to $195.1 million in 2024, then grew by 4.24% to $203.4 million in 2025, then increased 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Samsara | 23.42 Bn | 22.61 Bn | 361.14 Mn | 353.95 Mn |
| 2 | Manhattan Associates | 12.46 Bn | 12.28 Bn | 168.33 Mn | 231.56 Mn |
| 3 | Descartes Systems | 6.79 Bn | 6.41 Bn | 150.18 Mn | 47.13 Mn |
| 4 | Sps Commerce | 3.00 Bn | 2.83 Bn | 138.79 Mn | 130.37 Mn |
| 5 | Via Transportation | 2.29 Bn | 1.96 Bn | 55.61 Mn | 77.36 Mn |
| 6 | Karooooo | 2.02 Bn | 1.93 Bn | 54.38 Mn | -18.29 Mn |
| 7 | Ituran Location & Control | 1.02 Bn | 928.36 Mn | 53.35 Mn | 24.07 Mn |
| 8 | Verra Mobility | 618.57 Mn | 563.77 Mn | 249.38 Mn | 296.37 Mn |
| 9 | Powerfleet | 405.36 Mn | 378.73 Mn | 61.16 Mn | 60.89 Mn |
| 10 | ReposiTrak | 144.96 Mn | 116.26 Mn | 5.00 Mn | 4.04 Mn |
Historic Data
Download Data
Historic 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 |