MANH Manhattan Associates margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 90

Gross margin

55.9%

Operating margin

24.1%

EBITDA margin

25.5%

Net margin

18.4%

For the latest period, Manhattan Associates has a gross margin of 55.9%, an operating margin of 24.1%, an EBITDA margin of 25.5%, and a net margin of 18.4%. Each available margin deteriorated from the same period last year. Net margin recorded the strongest contraction, dropping by 1.8 percentage points.

MANH margin history

Gross, operating, EBITDA and net margin trends

Manhattan Associates's margins averaged 55.27% gross, 24.71% operating, 25.9% EBITDA, and 20.05% net during the last 3 years. Against the three-year averages, gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

MANH margin expansion

Year-over-year margin changes in percentage points

The largest decrease was in net margin, which fell by 1.8 percentage points. The other available margins also declined.

Gross margin expansion

-0.6pp

Operating margin expansion

-1.5pp

EBITDA margin expansion

-1.4pp

Net margin expansion

-1.8pp

MANH Gross margin

The average gross margin for Manhattan Associates was 55.27% over the last 3 years. The current gross margin stands at 55.9%, 0.6 percentage points above its three-year average. The gross margin for Manhattan Associates moved between 53.6% in Dec 2023 and 56.5% in Sep 2025.

MANH Operating margin

The average operating margin for Manhattan Associates was 24.71% across the past 3 years. At present, the current operating margin for Manhattan Associates is 24.1%, 0.6 percentage points below its three-year average. The operating margin for Manhattan Associates moved between 22.6% in Dec 2023 and 25.9% in Dec 2025.

MANH EBITDA margin

The average EBITDA margin for Manhattan Associates was 25.9% during the last 3 years. At present, the current EBITDA margin for Manhattan Associates is 25.5%, 0.4 percentage points below its three-year average. The EBITDA margin for Manhattan Associates moved between 23.6% in Dec 2023 and 27% in Mar 2026.

MANH Net margin

Across the last 3 years, Manhattan Associates's net margin averaged 20.05%. The current net margin stands at 18.4%, 1.7 percentage points below its three-year average. Net margin was highest at 21.4% in Sep 2024 and lowest at 18.4% in Sep 2026.

MANH margin group comparison

Margins compared with peer-group, industry and sector averages

Manhattan Associates's gross margin of 55.9% is higher than the Technology sector average but lower than the industry and its peers average. Looking at the Technology sector average of 52.5%, Manhattan Associates's gross margin is 6% higher.

MANH margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Manhattan Associates's gross margin?

For the period ending Sep 30, 2026, MANH recorded a gross margin of 55.9%.

What is Manhattan Associates's operating margin?

The current operating margin for MANH is 24.1% as of Sep 30, 2026.

What is Manhattan Associates's EBITDA margin?

As of Sep 30, 2026, MANH has an EBITDA margin of 25.5%.

What is Manhattan Associates's net margin?

The current net margin for MANH is 18.4% as of Sep 30, 2026.

What are the average margins of MANH?

Manhattan Associates's average margins over the last 3 years were 55.3% gross, 24.7% operating, 25.9% EBITDA, and 20.1% net.

What are the highest historical margins of MANH?

Manhattan Associates's highest recorded margins during the past 5 years were 56.5% gross in Sep 2025, 25.9% operating in Dec 2025, 27% EBITDA in Mar 2026, and 21.4% net in Sep 2024.

What are the lowest historical margins of MANH?

Over this 5-year history, Manhattan Associates's margins fell as low as 52.8% gross in Sep 2022, 18.3% operating in Sep 2022, 19.8% EBITDA in Sep 2022, and 15.1% net in Sep 2022.