Filing Flows › Manhattan Associates (MANH) › Q3 2026
Manhattan Associates (MANH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Manhattan Associates (MANH) reported revenue of $306M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +3% from the quarter before. Operating margin was 26.5%, net earnings $61.3M (20.0% of revenue).
Manhattan Associates, Q3 2026: revenue $306M (+11% year over year), operating margin 26.5%, net earnings $61.3M, operating cash flow $68.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $306M | +3% | +11% |
| Operating profit | $81.0M | +22% | +7% |
| Net earnings | $61.3M | +22% | +5% |
| Operating cash flow | $68.6M | -24% | -26% |
| Free cash flow | $67.6M | -25% | -22% |
What changed
Revenue was $306.2M in Q3 2026, up 11% year over year and up 3% from the previous quarter. Cloud Subscriptions was the largest line at 44% of revenue. Cloud Subscriptions added $29.6M year over year (up 28%), 97% of the total change. Hardware declined 27%.
Operating profit was $81.0M, a 26.5% margin (down 1.0 points year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, below the 27% margin then. Total costs grew 13% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+48%). Net earnings were $61.3M, up 5% year over year. The effective tax rate was 26.0%.
Operating cash flow was $68.6M (down 26% year over year), 112% of net earnings. Non-cash charges added back $1.7M of depreciation and amortization and $34.2M of share-based compensation. Working capital and other items used $28.7M. Capital expenditures of $1.0M left free cash flow of $67.6M.
Questions
What was Manhattan Associates' revenue in the third quarter 2026?
Manhattan Associates (MANH) reported revenue of $306M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +3% from the quarter before.
Was Manhattan Associates profitable in the third quarter 2026?
Operating profit was $81.0M (26.5% of revenue) and net earnings $61.3M.