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Manhattan Associates MANH
$ 205.45 0.64%
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Quarterly report 2026-Q2
added 07-31-2026

Manhattan Associates Income Statement 2025-2008 | MANH

Brief overview of revenue and earnings at Manhattan Associates

The overview follows changes across a five-year period. Revenue reported by Manhattan Associates was 586 million dollars at the beginning of the period and 1.1 billion dollars at the end. Across the full period, sales moved by +84.4%; the average annual rate was 13%. The company expanded its sales base at a healthy rate.

The five-year change in gross profit reached +92.4%: from $316 million to $609 million. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. Gross margin moved from 54% to 56.3%. The expansion indicates stronger pricing power or better control of direct costs.

Over the period, EBITDA shifted from 123 million dollars to 286 million dollars, a change of +132.6%. The operating result outpaced sales and points to improving efficiency. Comparing the endpoints gives EBITDA margins of 21% and 26.5%. The company improved its ability to convert sales into EBITDA.

The net result moved from $87.2 million to $220 million, or +152.1%. Net income reached a five-year high at the end of the interval.

Market value was 6.7 billion dollars at the start and 8.4 billion dollars at the end. Market value lagged the financial performance.

What the figures show

The five-year financial profile is predominantly positive. The strongest signals are revenue expansion, a stronger gross margin and an improving EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Manhattan Associates

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

8.4 B 12.3 B 12.4 B 9.1 B 9.87 B 6.68 B 5.66 B 3.21 B 3.66 B 3.67 B 4.23 B 3.35 B 2.59 B 1.36 B 881 M 155 M 102 M -

Shares

60.5 M 61.3 M 61.8 M 62.8 M 63.4 M 63.5 M 64.4 M 66.2 M 69.2 M 71.7 M 73.4 M 75 M 76.7 M 78.6 M 81.8 M 21.5 M 22.4 M -

Historical Prices

139 201 201 145 155 105 79.8 42.4 49.5 53 66.2 40.7 29.4 15.1 10.1 7.23 4.57 6.22

Net Income

220 M 218 M 177 M 129 M 110 M 87.2 M 85.8 M 105 M 116 M 124 M 103 M 82 M 67.3 M 51.9 M 44.9 M 28.1 M 16.6 M -

Revenue

1.08 B 1.04 B 929 M 767 M 664 M 586 M 618 M 559 M 595 M 605 M 556 M 492 M 415 M 376 M 329 M - - -

Cost of Revenue

472 M 471 M 431 M 358 M 298 M 270 M 285 M 241 M 246 M 250 M 235 M 213 M 181 M 162 M 139 M 129 M 107 M -

Gross Profit

- - - - - - 333 M 318 M 349 M 355 M 321 M 280 M 233 M 215 M 190 M - - -

Operating Income

280 M 262 M 210 M 153 M 134 M 114 M 116 M 134 M 186 M 194 M 161 M 127 M 101 M 80.1 M 61.4 M 41.9 M 21.1 M -

Interest Expense

1.7 M -811 K -1.51 M 4.82 M -329 K -383 K -562 K 1.28 M -1.99 M 639 K 64 K -394 K 655 K -97 K 792 K -779 K -1.12 M -

EBITDA

286 M 268 M 216 M 159 M 142 M 123 M 124 M 142 M 198 M 203 M 169 M 134 M 107 M 85.7 M 68.6 M 51.1 M 32.6 M -

Operating Expenses

- - - - - - 217 M 184 M 160 M 160 M 159 M 152 M 132 M 134 M 129 M 117 M 103 M -

General and Administrative Expenses

93.8 M 89.8 M 81.2 M 73.1 M 68.1 M 61.4 M 64.6 M 52.6 M 46.1 M 48.3 M 49.3 M 44.5 M 37.1 M 38.5 M 37.7 M 34 M 29.9 M -

All numbers in USD currency

Quarterly Income Statement Manhattan Associates

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

58.8 M 59.7 M 59.8 M 60.4 M 60.6 M 60.9 M 60.9 M 61.2 M 61.4 M 61.6 M 61.6 M 61.6 M 61.9 M 62.2 M 62.2 M 62.6 M 63 M 63.2 M 63.2 M 63.4 M 63.5 M 63.6 M 63.5 M 63.5 M 63.5 M 63.6 M 63.8 M 64.2 M 64.6 M 64.9 M 65.2 M 65.7 M 66.4 M 67.6 M 68.5 M 68.9 M 69.2 M 70 M 70.7 M 71.4 M 71.9 M 72.6 M 72.9 M 73.3 M 73.6 M 74 M 74.2 M 74.7 M 75.3 M 75.8 M 76 M 76.5 M 76.9 M 77.3 M 77.6 M 78.3 M 79.1 M 79.6 M 19.9 M 20.2 M 20.7 M 21 M

Net Income

50.4 M 49.3 M - 58.6 M 56.8 M 52.6 M - 63.8 M 52.8 M 53.8 M - 49.4 M 39.6 M 38.8 M - 29.7 M 30.8 M 30.6 M - 36.7 M 30.6 M 22.6 M 20.5 M 25 M 19.2 M 22.5 M 16.8 M 27.1 M 20.9 M 21 M 25.9 M 28.5 M 27.7 M 22.7 M 24.5 M 116 M 116 M 116 M 29.9 M 124 M 124 M 124 M 26.4 M 27.9 M 26 M 23.2 M 20.4 M 22.3 M 20.6 M 18.7 M 16.8 M 19.7 M 17.4 M 13.4 M 12.5 M 13.8 M 14.2 M 11.4 M 10.5 M 14.9 M 12.3 M 7.17 M

Revenue

298 M 282 M - 276 M 272 M 263 M - 267 M 265 M 255 M - 238 M 231 M 221 M - 198 M 192 M 179 M - 169 M 166 M 157 M 147 M 150 M 136 M 154 M 153 M 162 M 154 M 148 M 144 M 142 M 142 M 131 M 144 M 153 M 154 M 143 M 148 M 152 M 155 M 150 M 141 M 142 M 139 M 134 M 130 M 126 M 123 M 114 M 108 M 108 M 103 M 96.6 M 95.4 M 95.8 M 93.6 M 91.5 M 83.5 M 85.6 M 88.4 M 71.7 M

Cost of Revenue

129 M 127 M - 120 M 116 M 115 M - 119 M 120 M 119 M - 111 M 109 M 104 M - 96.2 M 88.6 M 83.4 M - 71.5 M 70.6 M 74.1 M - 65.2 M 63 M 74.8 M - 74.4 M 71.6 M 67.2 M - 61.2 M 59.1 M 57.8 M - 63.1 M 62.3 M 61.6 M - 61.7 M 62.5 M 64.8 M - 58.1 M 58.8 M 58.2 M - 53.9 M 52.6 M 47.6 M - 45.1 M 44 M 43 M - 41.1 M 39.4 M 37.9 M - 35.9 M 35.7 M 32.5 M

Operating Income

66.2 M 64.9 M - 75.8 M 73.8 M 63.2 M - 75.1 M 68.2 M 57.6 M - 53.4 M 50.5 M 47.1 M - 36.8 M 37.3 M 34 M - 42.4 M 39.4 M 25.4 M 28.2 M 35 M 26.7 M 24.2 M 25.1 M 35 M 27.6 M 28.3 M 34.3 M 36.1 M 35.7 M 27.8 M 43.6 M 51.1 M 49.3 M 41.7 M 45.4 M 53.6 M 52.3 M 43.1 M 39.5 M 43.7 M 41.4 M 36.9 M 29.1 M 35.5 M 32.5 M 30.1 M 24.7 M 30.8 M 26.2 M 19.7 M 19.1 M 21.7 M 21.3 M 17.9 M 16.2 M 19.4 M 18.2 M 7.55 M

Interest Expense

983 K 4.34 M - 2.6 M 715 K 1.34 M - 1.31 M 914 K 996 K - 1.74 M 1.04 M 143 K - 1.61 M 2.24 M 738 K - -42 K 306 K -293 K - -891 K -158 K 1.42 M - 810 K -71 K -371 K -901 K 1.54 M 986 K 721 K -580 K 207 K -68 K -371 K 416 K 210 K 654 K 520 K 170 K 604 K 359 K 262 K 850 K -55 K 312 K -233 K -118 K 546 K 1.24 M 151 K 534 K -247 K 802 K -124 K 650 K 862 K 334 K 18 K

EBITDA

67.9 M 66.8 M - 77.5 M 75.4 M 64.7 M - 76.8 M 69.7 M 59.1 M - 54.9 M 51.8 M 48.6 M - 38.4 M 39 M 35.7 M - 44.3 M 41.4 M 27.6 M 30.3 M 37.2 M 28.9 M 26.5 M 27.3 M 36.9 M 29.4 M 30.2 M 36.3 M 38.3 M 37.9 M 30 M 45.8 M 53.4 M 51.6 M 44 M 47.6 M 55.9 M 54.5 M 45.3 M 41.6 M 45.7 M 43.3 M 38.6 M 30.8 M 37.2 M 34 M 31.5 M 26.1 M 32.2 M 27.6 M 21.1 M 20.6 M 23.1 M 22.8 M 19.3 M 17.6 M 21.1 M 20.4 M 9.55 M

Operating Expenses

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 37.1 M 36.6 M - 34.6 M 36 M 34.5 M - 30.5 M 30.9 M 32.4 M - 31.7 M 31.5 M 34.3 M - 31.1 M 32.2 M 29.7 M

General and Administrative Expenses

26.7 M 23.7 M - 24.1 M 26 M 24.2 M - 20.3 M 21.1 M 21.2 M - 21.4 M 20.2 M 20 M - 18.4 M 18.6 M 18 M - 15.9 M 17.1 M 17.6 M 15.8 M 15.5 M 14 M 16.1 M 16.5 M 16.2 M 16.8 M 15 M 13.2 M 13.7 M 12.9 M 12.8 M 11.8 M 11 M 11.4 M 11.9 M 12.3 M 11.2 M 12.4 M 12.4 M 12 M 14.1 M 11.9 M 11.2 M 11.7 M 10.9 M 11.3 M 10.6 M 9.95 M 9.76 M 7.93 M 9.51 M 9.67 M 9.26 M 9.24 M 10.3 M 10.5 M 9.34 M 9.24 M 8.68 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Manhattan Associates (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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