MANHATTAN ASSOCIATES INC MANH

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Manhattan Associates was founded in 1990 in Manhattan Beach, California and incorporated in Georgia in 1998. References in this filing to the "Company," "Manhattan," "Manhattan Associates," "we," "our," and "us" refer to Manhattan Associates, Inc., our predecessors, and our wholly-owned and consolidated subsidiaries. Our principal executive offices are located at 2300 Windy Ridge Parkway, Tenth Floor, Atlanta, Georgia 30339, and our telephone number is 770-955-7070.

We develop, sell, deploy, service and maintain software solutions designed to manage supply chains, inventory and omnichannel operations for retailers, wholesalers, manufacturers, logistics providers and other organizations. Our customers include many of the world's premier and most profitable brands. We run our Manhattan Active® applications in the cloud and deliver them as subscription-based software as a service ("SaaS"). Its architecture is highly differentiated among enterprise application providers, particularly within the Omni Channel and Supply Chain categories. We believe our application architecture delivers a versionless yet highly extensible experience for our customers. We offer our customers access to new innovation on a quarterly basis, ensuring all customers are running on a single fully up-to-date codebase. With AI-driven insights and zero downtime updates, Manhattan delivers innovation seamlessly into customer environments without the need for planned maintenance windows.

Last close 238.19 2026-10-23
Market cap $13.89B 2026-06-30 share count
52-week range 119.06 - 242.63

Valuation FY2025 figures against the last close

P/S12.8x
P/E66.2x
P/FCF37.1x
EV/EBITDA49.6x
Dividend yield—
Diluted EPS3.60

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.08B$1.04B$928.7M$767.1M$663.6M$586.4M$617.9M$559.2M$594.6M$604.6M
Cost of revenue $472.3M$471.0M$430.6M$358.2M$297.8M$269.9M$285.0M$240.9M$245.7M$249.9M
Gross profit $609.1M$571.4M$498.1M$408.8M$365.8M$316.5M$333.0M$318.3M$348.9M$354.7M
R&D $145.1M$137.7M$126.8M$111.9M$97.6M$84.3M$87.6M$71.9M$57.7M$54.7M
SG&A $93.8M$89.8M$81.2M$73.1M$68.1M$61.4M$64.6M$52.6M$46.1M$48.3M
Total operating expenses $801.6M$780.8M$718.8M$614.4M$529.3M$472.3M$502.0M$425.3M$409.0M$410.2M
Operating income $279.8M$261.6M$209.9M$152.7M$134.3M$114.1M$115.9M$133.9M$185.6M$194.3M
Interest expense $4.4M$6.0M$5.3M$596.0K$68.0K$98.0K$715.0K$1.1M$1.2M$1.2M
Pre-tax income $285.9M$266.8M$213.7M$158.1M$134.1M$113.8M$116.1M$136.2M$184.8M$196.1M
Income tax $65.9M$48.5M$37.1M$29.2M$23.6M$26.5M$30.3M$31.5M$68.4M$71.9M
Net income $219.9M$218.4M$176.6M$129.0M$110.5M$87.2M$85.8M$104.7M$116.5M$124.2M
EPS, basic 3.643.562.862.051.741.371.331.581.681.73
EPS, diluted 3.603.512.822.031.721.361.321.581.681.72
Shares, diluted (wtd. avg.) 61.1M62.2M62.6M63.4M64.3M64.3M65.1M66.4M69.4M72.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $328.7M$266.2M$270.7M$225.5M$263.7M$204.7M$110.7M$99.1M$125.5M$95.6M
Short-term investments ———————$1.4M——
Receivables $214.7M$205.5M$181.2M$166.8M$124.4M$109.2M$100.9M$100.1M$92.2M$100.3M
Total current assets $583.3M$503.3M$479.2M$415.4M$408.4M$334.0M$232.0M$215.4M$228.1M$207.0M
Property, plant and equipment $23.1M$14.0M$11.8M$12.8M$13.9M$17.9M$22.7M$14.3M$15.5M$17.4M
Goodwill $62.2M$62.2M$62.2M$62.2M$62.2M$62.3M$62.2M$62.2M$62.2M$62.2M
Total assets $839.4M$757.6M$673.4M$570.2M$539.7M$465.4M$372.3M$307.1M$315.0M$297.1M
Accounts payable $22.2M$26.6M$24.5M$25.7M$19.6M$17.8M$20.6M$18.2M$14.0M$12.1M
Total current liabilities $455.9M$400.3M$365.9M$315.6M$249.0M$197.0M$181.6M$145.3M$124.3M$117.6M
Retained earnings $345.1M$329.4M$304.7M$253.7M$269.8M$236.5M$159.5M$163.4M$186.1M$184.6M
Total equity $314.8M$299.1M$278.3M$226.8M$250.6M$218.9M$142.3M$147.1M$175.0M$169.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $389.5M$295.0M$246.2M$179.6M$185.2M$140.9M$146.9M$137.3M$164.1M$139.3M
Depreciation and amortisation ———————$7.5M$7.7M$7.5M
Stock-based compensation $111.3M$93.2M$71.6M$59.4M$43.3M$33.4M$31.8M$19.9M$16.2M$15.9M
Capital expenditure $15.5M$8.7M$4.7M$6.6M$4.0M$2.7M$15.2M$7.3M$6.2M$6.8M
Investing cash flow -$15.5M-$8.7M-$4.7M-$6.6M-$4.0M-$2.7M-$13.8M-$9.8M-$5.8M$3.4M
Financing cash flow -$315.2M-$286.4M-$196.0M-$204.5M-$120.4M-$43.6M-$121.5M-$149.3M-$131.7M-$162.7M
Buybacks $315.2M$286.4M$196.0M$204.5M$120.4M$43.6M$121.5M$149.3M$131.7M$167.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-037138.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 604.6M Gross profit, FY2016: 354.7M Net income, FY2016: 124.2M Revenue, FY2017: 594.6M Gross profit, FY2017: 348.9M Net income, FY2017: 116.5M Revenue, FY2018: 559.2M Gross profit, FY2018: 318.3M Net income, FY2018: 104.7M Revenue, FY2019: 617.9M Gross profit, FY2019: 333M Net income, FY2019: 85.8M Revenue, FY2020: 586.4M Gross profit, FY2020: 316.5M Net income, FY2020: 87.2M Revenue, FY2021: 663.6M Gross profit, FY2021: 365.8M Net income, FY2021: 110.5M Revenue, FY2022: 767.1M Gross profit, FY2022: 408.8M Net income, FY2022: 129M Revenue, FY2023: 928.7M Gross profit, FY2023: 498.1M Net income, FY2023: 176.6M Revenue, FY2024: 1B Gross profit, FY2024: 571.4M Net income, FY2024: 218.4M Revenue, FY2025: 1.1B Gross profit, FY2025: 609.1M Net income, FY2025: 219.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $604.6M $594.6M $559.2M $617.9M $586.4M $663.6M $767.1M $928.7M $1.04B $1.08B
Gross profit $354.7M $348.9M $318.3M $333.0M $316.5M $365.8M $408.8M $498.1M $571.4M $609.1M
Net income $124.2M $116.5M $104.7M $85.8M $87.2M $110.5M $129.0M $176.6M $218.4M $219.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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