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% on a QoQ basis from $38.5 million in Q4 2025.
Manhattan Associates (MANH) has 17 years of Research & Development data on file, last reported at $37.3 million in Q1 2026.
- Quarterly Research & Development rose 5.8% year-over-year to $37.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $147.1 million (up 6.62% YoY) and the FY2025 annual result came in at $145.1 million, up 5.35% from the prior year.
- Research & Development fell to $37.3 million in Q1 2026 per MANH's latest filing, from $38.5 million in the prior quarter.
- Across five years, Research & Development topped out at $38.5 million in Q4 2025 and bottomed at $27.1 million in Q4 2022.
- The 5-year median for Research & Development is $33.1 million (2023), against an average of $32.9 million.
- The widest annual swing landed in 2022, when Research & Development rose 25.68%; it then slipped 1.31% in 2025.
- Tracing MANH's Research & Development over 5 years: stood at $27.1 million in 2022, then increased by 15.5% to $31.3 million in 2023, then increased by 5.33% to $33.0 million in 2024, then increased by 16.78% to $38.5 million in 2025, then declined by 3.08% to $37.3 million in 2026.
- Per Business Quant, the three latest MANH Research & Development figures stand at $37.3 million (Q1 2026), $38.5 million (Q4 2025), and $36.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Manhattan Associates | 8.28 Bn | 8.05 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 |
| Mar 31, 2021 | 24.26 Mn |
| Dec 31, 2020 | 20.56 Mn |
| Sep 30, 2020 | 20.45 Mn |
| Jun 30, 2020 | 19.93 Mn |
| Mar 31, 2020 | 23.33 Mn |
| Dec 31, 2019 | 21.78 Mn |
| Sep 30, 2019 | 22.61 Mn |
| Jun 30, 2019 | 22.00 Mn |
| Mar 31, 2019 | 21.21 Mn |
| Dec 31, 2018 | 18.21 Mn |
| Sep 30, 2018 | 18.45 Mn |
| Jun 30, 2018 | 18.18 Mn |
| Mar 31, 2018 | 17.06 Mn |
| Dec 31, 2017 | 14.63 Mn |
| Sep 30, 2017 | 14.75 Mn |
| Jun 30, 2017 | 14.10 Mn |
| Mar 31, 2017 | 14.23 Mn |
| Dec 31, 2016 | 13.18 Mn |
| Sep 30, 2016 | 13.39 Mn |
| Jun 30, 2016 | 13.46 Mn |
| Mar 31, 2016 | 14.71 Mn |
| Dec 31, 2015 | 13.46 Mn |
| Sep 30, 2015 | 13.59 Mn |
| Jun 30, 2015 | 13.26 Mn |
| Mar 31, 2015 | 13.56 Mn |
| Dec 31, 2014 | 13.05 Mn |
| Sep 30, 2014 | 12.24 Mn |
| Jun 30, 2014 | 11.87 Mn |
| Mar 31, 2014 | 11.80 Mn |
| Dec 31, 2013 | 11.14 Mn |
| Sep 30, 2013 | 10.91 Mn |
| Jun 30, 2013 | 11.03 Mn |
| Mar 31, 2013 | 11.48 Mn |
| Dec 31, 2012 | 10.95 Mn |
| Sep 30, 2012 | 11.40 Mn |
| Jun 30, 2012 | 10.80 Mn |
| Mar 31, 2012 | 11.55 Mn |
| Dec 31, 2011 | 10.44 Mn |
| Sep 30, 2011 | 10.88 Mn |
| Jun 30, 2011 | 10.68 Mn |
| Mar 31, 2011 | 10.38 Mn |
| Dec 31, 2010 | 9.87 Mn |
| Sep 30, 2010 | 9.87 Mn |
| Jun 30, 2010 | 10.33 Mn |
| Mar 31, 2010 | 10.44 Mn |