AI-extracted from the 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Manhattan Associates grew Q2 FY2026 revenue 9% YoY to $297.8M on 26% cloud subscription growth, but operating margin fell to 22.2% from 27.1% due to an $8.3M restructuring charge and higher sales & marketing spend.
Biggest Revenue Drivers
Americas$227.0M+10% YoY
Cloud subscriptions revenue increased $20.2M as customers migrated from on-premise to cloud-based offerings
EMEA$55.4M+6% YoY
Cloud subscriptions revenue increased $4.7M, partially offset by a $1.5M decrease in services revenue
Biggest Revenue Drivers
Total revenue: $297.8M+9% YoY
Americas$227.0M+10% YoY
Cloud subscriptions revenue increased $20.2M as customers migrated from on-premise to cloud-based offerings
EMEA$55.4M+6% YoY
Cloud subscriptions revenue increased $4.7M, partially offset by a $1.5M decrease in services revenue
APAC$15.4M+14% YoY
Cloud subscriptions revenue increased $1.4M alongside growth in services revenue
Largest Expense Items
Cost of cloud subscriptions, maintenance and services$128.9M+11% YoY
Driven by a $4.7M increase in performance-based compensation, $4.6M increase in personnel costs, and $2.6M increase in computer infrastructure cost
Sales and marketing$30.7M+54% YoY
Expanded sales force and increased marketing efforts, including a $4.4M increase in marketing and campaign program expenses
Research and development$34.8M0% YoY
Remained relatively flat compared to the same quarter of 2025
Restructuring expense$8.3M
Reflects a 6% global headcount reduction on June 1, 2026, primarily severance and outplacement costs
Margins: Operating margin declined to 22.2% from 27.1% a year ago, primarily due to the $8.3M restructuring charge and a 54% increase in sales and marketing expense from sales force expansion.
Watch Items from the Filing
Cloud subscriptions revenue grew 26% YoY to $126.7M (42% of total revenue), with remaining performance obligations up 23% YoY to approximately $2.5 billion.
Restructuring charge of $8.3M pretax ($6.2M after-tax) reflects a 6% global headcount reduction completed June 1, 2026 to focus investment on strategic priorities.
Over 70% of software license revenue in the quarter relates to the warehouse management product group, concentrating license revenue in a single product line.
International revenue was approximately $102.0M, about 34% of total revenue, exposing results to EMEA/APAC economic conditions and foreign currency fluctuations.
Two consolidated shareholder securities class actions and a related derivative suit remain pending; a motion to dismiss was argued April 9, 2026 with outcome unpredictable.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Noonan Thomas EDirectorGrant or award · May 14, 2026
Eger EdmondDirectorGrant or award · May 14, 2026
Kuryea Kimberly ADirectorGrant or award · May 14, 2026
Sheer DanielleDirectorGrant or award · May 14, 2026
Pinne Linda C.SVP, CFO, CAO & TreasurerGrant or award · Apr 1, 2026
Congress trading in MANH
2 transactions in MANH reported by 1 member of Congress under the STOCK Act, most recent trade Jan 29, 2025. Reported transactions, not recommendations.
About MANHATTAN ASSOCIATES INC (MANH): stock profile, AI score and financials
MANHATTAN ASSOCIATES INC (MANH) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores MANH at 63.5/100 on a composite quality score built from its SEC filings, placing it at rank #615 of 2,925 stocks — the top 25% of the AI-ranked universe. MANH scores in the top quartile across balance sheet strength (98.2), free cash flow (88.9). Areas of concern include institutional flow (38.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 15.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MANHATTAN ASSOCIATES INC reports quarterly revenue of $297.8M, net income of $50.4M, an operating margin of 22.2%. Top institutional holders of MANH by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. MANH trades on the Nasdaq exchange and files with the SEC under CIK 1056696. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MANH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MANHATTAN ASSOCIATES INC directly from SEC EDGAR.