Manhattan Associates (MANH) Research & Development (2010 - 2026)
Manhattan Associates (MANH) reported Research & Development of $37.3 million for Q1 2026, up 5.8% year-over-year from $35.3 million in Q1 2025, and down 3.08% quarter-over-quarter from $38.5 million in Q4 2025.
Manhattan Associates (MANH) Research & Development (2010 - 2026) Analysis & Trends
Manhattan Associates (MANH) has 17 years of Research & Development data on file, last reported at $37.3 million in Q1 2026.
- Research & Development for Q1 2026 came in at $37.3 million, up 5.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $147.1 million (up 6.62% YoY), and the FY2025 annual result was $145.1 million, up 5.35% from the prior year.
- Research & Development declined to $37.3 million in Q1 2026 per MANH's latest filing, from $38.5 million in the prior quarter.
- Over five years, Research & Development peaked at $38.5 million in Q4 2025 and troughed at $27.1 million in Q4 2022.
- A 5-year average of $32.9 million and a median of $33.1 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2025: Research & Development advanced 25.68% in 2022, then declined 1.31% in 2025.
- A 5-year view of Research & Development shows it stood at $27.1 million in 2022, then gained by 15.5% to $31.3 million in 2023, then gained by 5.33% to $33.0 million in 2024, then gained by 16.78% to $38.5 million in 2025, then retreated by 3.08% to $37.3 million in 2026.
- Business Quant data shows MANH's Research & Development at $37.3 million in Q1 2026, $38.5 million in Q4 2025, and $36.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Manhattan Associates | 8.34 Bn | 8.12 Bn | 155.57 Mn | 37.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.35 Mn |
| Dec 31, 2025 | 38.53 Mn |
| Sep 30, 2025 | 36.36 Mn |
| Jun 30, 2025 | 34.87 Mn |
| Mar 31, 2025 | 35.30 Mn |
| Dec 31, 2024 | 33.00 Mn |
| Sep 30, 2024 | 34.35 Mn |
| Jun 30, 2024 | 35.33 Mn |
| Mar 31, 2024 | 35.01 Mn |
| Dec 31, 2023 | 31.33 Mn |
| Sep 30, 2023 | 33.09 Mn |
| Jun 30, 2023 | 31.60 Mn |
| Mar 31, 2023 | 30.79 Mn |
| Dec 31, 2022 | 27.12 Mn |
| Sep 30, 2022 | 29.38 Mn |
| Jun 30, 2022 | 27.92 Mn |
| Mar 31, 2022 | 27.46 Mn |
| Dec 31, 2021 | 26.78 Mn |
| Sep 30, 2021 | 23.37 Mn |
| Jun 30, 2021 | 23.21 Mn |