Manhattan Associates (MANH) Research & Development (2010 - 2026)
Manhattan Associates (MANH) posted quarterly Research & Development of $34.8 million for Q2 2026, little changed year-over-year from $34.9 million in Q2 2025, and down 6.91% on a QoQ basis from $37.3 million in Q1 2026.
Manhattan Associates (MANH) Research & Development (2010 - 2026) Analysis & Trends
Manhattan Associates has reported Research & Development for 17 years, with the latest figure at $34.8 million in Q2 2026.
- Research & Development for Q2 2026 came in at $34.8 million, changed 0.3% year-over-year; the trailing twelve-month figure through Jun 2026 was $147.0 million (up 6.9% YoY), and the FY2025 annual result was $145.1 million, up 5.35% from the prior year.
- Research & Development eased to $34.8 million in Q2 2026, from $37.3 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 $33.0 million and a median of $33.7 million in 2023 frame the typical range for Research & Development.
- The widest annual swing landed in 2022, when Research & Development rose 25.68%; it then slipped 1.31% in 2025.
- A 5-year view of Research & Development shows it stood at $27.1 million in 2022, then advanced by 15.5% to $31.3 million in 2023, then advanced by 5.33% to $33.0 million in 2024, then advanced by 16.78% to $38.5 million in 2025, then retreated by 9.78% to $34.8 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $34.8 million in Q2 2026, $37.3 million in Q1 2026, and $38.5 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Manhattan Associates | 11.51 Bn | 11.32 Bn | 168.33 Mn | 34.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.77 Mn |
| Mar 31, 2026 | 27.75 Mn |
| Dec 31, 2025 | 38.53 Mn |
| Sep 30, 2025 | 18.06 Mn |
| Jun 30, 2025 | 19.98 Mn |
| Mar 31, 2025 | 21.06 Mn |
| Dec 31, 2024 | -28.72 Mn |
| Sep 30, 2024 | 34.35 Mn |
| Jun 30, 2024 | 19.15 Mn |
| Mar 31, 2024 | 19.93 Mn |
| Dec 31, 2023 | 20.21 Mn |
| Sep 30, 2023 | 33.09 Mn |
| Jun 30, 2023 | 18.56 Mn |
| Mar 31, 2023 | 18.07 Mn |
| Dec 31, 2022 | 64.00 Mn |
| Sep 30, 2022 | 29.38 Mn |
| Jun 30, 2022 | 27.92 Mn |
| Mar 31, 2022 | 27.46 Mn |
| Dec 31, 2021 | 16.65 Mn |
| Sep 30, 2021 | 23.37 Mn |