Filing Flows › Manhattan Associates (MANH) › Q2 2026
Manhattan Associates (MANH) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Manhattan Associates (MANH) reported revenue of $298M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +6% from the quarter before. Operating margin was 22.2%, net earnings $50.4M (16.9% of revenue).
Manhattan Associates, Q2 2026: revenue $298M (+9% year over year), operating margin 22.2%, net earnings $50.4M, operating cash flow $90.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $298M | +6% | +9% |
| Operating profit | $66.2M | +2% | -10% |
| Net earnings | $50.4M | +2% | -11% |
| Operating cash flow | $90.7M | +8% | +22% |
| Free cash flow | $89.7M | +12% | +28% |
What changed
Revenue was $297.8M in Q2 2026, up 9% year over year and up 6% from the previous quarter. Service Other was the largest line at 45% of revenue. Cloud Subscriptions added $26.3M year over year (up 26%), 104% of the total change. Hardware declined 14%.
Operating profit was $66.2M, a 22.2% margin (down 4.8 points year over year). Operating profit fell $7.6M even though revenue rose $25.4M versus Q2 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+522%). Net earnings were $50.4M, down 11% year over year. The effective tax rate was 25.1%.
Operating cash flow was $90.7M (up 22% year over year), 180% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $29.4M of share-based compensation. Working capital and other items added $9.3M. Capital expenditures of $1.0M left free cash flow of $89.7M.
Questions
What was Manhattan Associates' revenue in the second quarter 2026?
Manhattan Associates (MANH) reported revenue of $298M for the second quarter 2026 (Q2 2026), +9% from a year earlier and +6% from the quarter before.
Was Manhattan Associates profitable in the second quarter 2026?
Operating profit was $66.2M (22.2% of revenue) and net earnings $50.4M.