Manhattan Associates Inc income statement
In fiscal 2025, Manhattan Associates Inc reported revenue of $1.08bn, up 3.7% on the year before, operating income of $280m (a 25.9% margin) and net income of $220m, or $3.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 247 | 297 | 329 | 376 | 415 | 492 | 556 | 605 | 595 | 559 | 618 | 586 | 664 | 767 | 929 | 1,042 | 1,081 | 1,157 |
| Cost of revenue | 107 | 129 | 139 | 162 | 181 | 213 | 235 | 250 | 246 | 241 | 285 | 270 | 298 | 358 | 431 | 471 | 472 | 510 |
| Gross profit | 139 | 168 | 190 | 215 | 233 | 280 | 321 | 355 | 349 | 318 | 333 | 316 | 366 | 409 | 498 | 571 | 609 | 647 |
| Research and development | 37 | 41 | 42 | 45 | 45 | 49 | 54 | 55 | 58 | 72 | 88 | 84 | 98 | 112 | 127 | 138 | 145 | 146 |
| Selling and marketing | 36 | 43 | 44 | 46 | 45 | 53 | 49 | 48 | 47 | 51 | 57 | 48 | 58 | 65 | 74 | 76 | 81 | 107 |
| General and administrative | 30 | 34 | 38 | 38 | 37 | 44 | 49 | 48 | 46 | 53 | 65 | 61 | 68 | 73 | 81 | 90 | 94 | 99 |
| Operating income | 21 | 42 | 61 | 80 | 101 | 127 | 161 | 194 | 186 | 134 | 116 | 114 | 134 | 153 | 210 | 262 | 280 | 279 |
| Net interest income | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 | 5 | 6 | 4 | 4 |
| Income before tax | 20 | 42 | 63 | 81 | 103 | 128 | 163 | 196 | 185 | 136 | 116 | 114 | 134 | 158 | 214 | 267 | 286 | 288 |
| Income tax | 4 | 14 | 18 | 29 | 36 | 46 | 59 | 72 | 68 | 32 | 30 | 27 | 24 | 29 | 37 | 48 | 66 | 75 |
| Net income | 17 | 28 | 45 | 52 | 67 | 82 | 103 | 124 | 116 | 105 | 86 | 87 | 110 | 129 | 177 | 218 | 220 | 213 |
| Diluted EPS | $0.18 | $0.31 | $0.52 | $0.64 | $0.86 | $1.08 | $1.40 | $1.72 | $1.68 | $1.58 | $1.32 | $1.36 | $1.72 | $2.03 | $2.82 | $3.51 | $3.60 | $3.57 |
| Diluted shares (average) | 90m | 90m | 86m | 81m | 78m | 76m | 74m | 72m | 69m | 66m | 65m | 64m | 64m | 63m | 63m | 62m | 61m | 60m |
| EBITDA | 33 | 51 | 69 | 86 | 107 | 134 | 169 | 203 | 195 | 143 | 124 | 123 | 142 | 159 | 216 | 268 | 286 | 286 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 256 | 263 | 272 | 276 | 270 | 282 | 298 | 306 |
| Cost of revenue | 113 | 115 | 116 | 120 | 122 | 127 | 129 | 132 |
| Gross profit | 143 | 148 | 156 | 156 | 149 | 156 | 168 | 174 |
| Research and development | 33 | 35 | 35 | 36 | 39 | 37 | 35 | 36 |
| Selling and marketing | 20 | 21 | 20 | 18 | 22 | 28 | 31 | 27 |
| General and administrative | 27 | 24 | 26 | 24 | 19 | 24 | 27 | 29 |
| Operating income | 61 | 63 | 74 | 76 | 67 | 65 | 66 | 81 |
| Net interest income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 63 | 65 | 75 | 78 | 68 | 69 | 67 | 83 |
| Income tax | 15 | 12 | 18 | 20 | 16 | 20 | 17 | 22 |
| Net income | 48 | 53 | 57 | 59 | 52 | 49 | 50 | 61 |
| Diluted EPS | $0.77 | $0.85 | $0.93 | $0.96 | $0.85 | $0.82 | $0.85 | $1.04 |
| EBITDA | 62 | 65 | 75 | 77 | 69 | 67 | 68 | 83 |
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