Filing Flows › Manhattan Associates (MANH) › Q1 2026
Manhattan Associates (MANH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Manhattan Associates (MANH) reported revenue of $282M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +4% from the quarter before. Operating margin was 23.0%, net earnings $49.3M (17.5% of revenue).
Manhattan Associates, Q1 2026: revenue $282M (+7% year over year), operating margin 23.0%, net earnings $49.3M, operating cash flow $84.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $282M | +4% | +7% |
| Operating profit | $64.9M | -3% | +3% |
| Net earnings | $49.3M | -5% | -6% |
| Operating cash flow | $84.0M | -43% | +12% |
| Free cash flow | $79.9M | -44% | +7% |
What changed
Revenue was $282.2M in Q1 2026, up 7% year over year and up 4% from the previous quarter. Service Other was the largest line at 45% of revenue. Cloud Subscriptions added $22.8M year over year (up 24%), 117% of the total change. License and Maintenance declined 76%.
Operating profit was $64.9M, a 23.0% margin (down 1.0 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, below the 24% margin then. Total costs grew 9% against revenue growth of 7%. The fastest-growing cost line was Sales & marketing (+32%). Net earnings were $49.3M, down 6% year over year. The effective tax rate was 28.8%.
Operating cash flow was $84.0M (up 12% year over year), 170% of net earnings. Non-cash charges added back $1.8M of depreciation and amortization and $26.5M of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $4.1M left free cash flow of $79.9M.
Questions
What was Manhattan Associates' revenue in the first quarter 2026?
Manhattan Associates (MANH) reported revenue of $282M for the first quarter 2026 (Q1 2026), +7% from a year earlier and +4% from the quarter before.
Was Manhattan Associates profitable in the first quarter 2026?
Operating profit was $64.9M (23.0% of revenue) and net earnings $49.3M.