Manhattan Associates (MANH) Tax Rate (2010 - 2026)
Manhattan Associates (MANH) reported Tax Rate of 25.09% for Q2 2026, up 1.30 percentage points from 23.79% a year earlier but down 3.75 percentage points from the prior quarter.
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Analysis
Manhattan Associates (MANH) Tax Rate (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Manhattan Associates' Tax Rate came in at 25.81%, up 5.34 percentage points year-over-year; for FY2025, it came in at 23.07%, up 4.91 percentage points from FY2024.
- Tax Rate has a five-year change of -0.26 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 18.16% in FY2024 (+0.79 pp), 17.36% in FY2023 (-1.08 pp), 18.44% in FY2022 (+0.84 pp) and 17.60% in FY2021 (-5.72 pp).
- Five-year quarterly Tax Rate spans a low of 8.23% in Q1 2024 and a high of 28.84% in Q1 2026.
- Year over year, Tax Rate has now increased in each of the last nine quarters, with an average year-over-year change of +5.32 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q1 2026 (a gain of 10.35 percentage points); the low point was Q3 2021 (a drop of 13.27 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 28.84% (Q1 2026), 24.10% (Q4 2025) and 25.24% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 44.24 Bn | 16.49 Bn | 695.95 Mn | 21.77% |
| 3 | Samsara | 24.06 Bn | 20.83 Bn | 392.58 Mn | 7.42% |
| 4 | Toast | 17.18 Bn | 9.85 Bn | 516.00 Mn | 4.94% |
| 5 | Ptc | 15.95 Bn | 14.76 Bn | 490.47 Mn | 22.08% |
| 6 | Duolingo | 13.49 Bn | 8.67 Bn | 216.74 Mn | 26.91% |
| 7 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | - |
| 8 | Manhattan Associates | 11.90 Bn | 10.90 Bn | 168.33 Mn | 25.09% |
| 9 | Costar | 11.09 Bn | 5.06 Bn | 728.00 Mn | 25.68% |
| 10 | Bentley Systems | 9.73 Bn | 9.19 Bn | 336.74 Mn | 17.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.09% |
| Mar 31, 2026 | 28.84% |
| Dec 31, 2025 | 24.10% |
| Sep 30, 2025 | 25.24% |
| Jun 30, 2025 | 23.79% |
| Mar 31, 2025 | 18.49% |
| Dec 31, 2024 | 23.40% |
| Sep 30, 2024 | 16.52% |
| Jun 30, 2024 | 23.64% |
| Mar 31, 2024 | 8.23% |
| Dec 31, 2023 | 18.41% |
| Sep 30, 2023 | 10.45% |
| Jun 30, 2023 | 23.10% |
| Mar 31, 2023 | 17.86% |
| Dec 31, 2022 | 16.83% |
| Sep 30, 2022 | 22.69% |
| Jun 30, 2022 | 21.95% |
| Mar 31, 2022 | 11.86% |
| Dec 31, 2021 | 23.52% |
| Sep 30, 2021 | 13.48% |
API Access
Manhattan Associates Tax Rate 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=tax-rate&ticker=MANH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MANH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();