Manhattan Associates (MANH) Operating Margin (2010 - 2026)
Manhattan Associates (MANH) recorded Operating Margin of 22.24% in Q2 2026, down 4.85 percentage points from 27.09% a year earlier and down 0.77 percentage points from the prior quarter.
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Analysis
Manhattan Associates (MANH) Operating Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Manhattan Associates' Operating Margin came in at 24.33% as of Jun 30, 2026, down 1.46 percentage points year-over-year; for FY2025, it was 25.87%, up 0.78 percentage points from FY2024.
- Annual Operating Margin has increased for three straight years, with a five-year change of +6.42 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 25.10% in FY2024 (+2.50 pp), 22.60% in FY2023 (+2.69 pp), 19.91% in FY2022 (-0.34 pp) and 20.24% in FY2021 (+0.79 pp).
- The Q2 2026 figure is the lowest quarterly Operating Margin since Q2 2023.
- On a year-over-year basis, Operating Margin rose in four of the last eight quarters, with an average year-over-year change of +0.26 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 6.74 percentage points in Q4 2022, against a drop of 6.50 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.01% (Q1 2026), 24.78% (Q4 2025) and 27.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.64% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 0.96% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 7.97% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 27.75% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 13.58% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.37% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 22.24% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.22% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 21.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.24% |
| Mar 31, 2026 | 23.01% |
| Dec 31, 2025 | 24.78% |
| Sep 30, 2025 | 27.49% |
| Jun 30, 2025 | 27.09% |
| Mar 31, 2025 | 24.04% |
| Dec 31, 2024 | 23.72% |
| Sep 30, 2024 | 28.16% |
| Jun 30, 2024 | 25.70% |
| Mar 31, 2024 | 22.64% |
| Dec 31, 2023 | 24.71% |
| Sep 30, 2023 | 22.42% |
| Jun 30, 2023 | 21.85% |
| Mar 31, 2023 | 21.30% |
| Dec 31, 2022 | 22.57% |
| Sep 30, 2022 | 18.56% |
| Jun 30, 2022 | 19.41% |
| Mar 31, 2022 | 18.98% |
| Dec 31, 2021 | 15.83% |
| Sep 30, 2021 | 25.07% |
API Access
Manhattan Associates Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=MANH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "MANH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=MANH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();