Manhattan Associates (MANH) Research & Development (2010 - 2026)
Manhattan Associates (MANH) posted Research & Development of $35.54 million for Q3 2026, down 2.2% from $36.36 million a year earlier but up 2.2% from the prior quarter.
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Analysis
Manhattan Associates (MANH) Research & Development (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Research & Development at Manhattan Associates was $146.19 million, up 4.8% year-over-year; for FY2025, it was $145.06 million, up 5.4% from FY2024.
- Annual Research & Development has increased for five consecutive years, with a five-year compound annual growth rate of 11.5% (FY2020 to FY2025).
- In prior years, Manhattan Associates' Research & Development was $137.69 million in FY2024 (+8.6%), $126.81 million in FY2023 (+13.4%), $111.88 million in FY2022 (+14.6%) and $97.63 million in FY2021 (+15.8%).
- Quarterly Research & Development has run from a low of $26.78 million in Q4 2021 to a high of $38.53 million in Q4 2025 over five years.
- On a year-over-year basis, Research & Development increased in five of the last eight quarters, with growth averaging 3.8%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2021, with growth of 30.2%; the weakest was Q3 2026, with a decline of 2.2%.
- According to Business Quant data, Research & Development for the three prior quarters was $34.77 million (Q2 2026), $37.35 million (Q1 2026) and $38.53 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.39 Bn | 21.63 Bn | 695.95 Mn | 222.92 Mn |
| 3 | Samsara | 23.96 Bn | 20.73 Bn | 392.58 Mn | 102.56 Mn |
| 4 | Ptc | 22.37 Bn | 21.18 Bn | 490.47 Mn | 115.71 Mn |
| 5 | Toast | 20.05 Bn | 12.69 Bn | 543.00 Mn | 103.00 Mn |
| 6 | Manhattan Associates | 14.85 Bn | 13.91 Bn | 174.30 Mn | 35.54 Mn |
| 7 | Bentley Systems | 13.89 Bn | 13.37 Bn | 349.55 Mn | 81.47 Mn |
| 8 | Trimble | 12.57 Bn | 11.65 Bn | 659.10 Mn | 162.90 Mn |
| 9 | Costar | 12.28 Bn | 7.66 Bn | 741.00 Mn | 109.00 Mn |
| 10 | Procore Technologies | 11.33 Bn | 8.70 Bn | 323.62 Mn | 108.48 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.54 Mn |
| Jun 30, 2026 | 34.77 Mn |
| 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 |
API Access
Manhattan Associates Research & Development 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=research-and-development&ticker=MANH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MANH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();