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
DateValue
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