Manhattan Associates Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,081	1,042	928.73	767.08	663.64
Revenue Growth (YoY)	3.74%	12.23%	21.07%	15.59%	13.18%
Cost of Revenue	472.34	470.98	430.61	358.24	297.83
Gross Profit	609.05	571.37	498.11	408.85	365.82
Selling, General & Admin	174.94	165.79	155.66	137.61	125.94
Research & Development	145.06	137.69	126.81	111.88	97.63
Operating Expenses	326.32	309.78	288.23	256.15	231.48
Operating Income	282.74	261.6	209.88	152.7	134.33
Interest & Investment Income	4.39	6.03	5.3	0.6	0.07
Currency Exchange Gain (Loss)	1.7	-1	-	4.7	-0.2
Other Non Operating Income (Expenses)	0.01	0.19	-1.51	0.13	-0.13
EBT Excluding Unusual Items	288.83	266.81	213.67	158.12	134.07
Merger & Restructuring Charges	-2.94	-	-	-	-
Pretax Income	285.89	266.81	213.67	158.12	134.07
Income Tax Expense	65.95	48.45	37.1	29.16	23.6
Net Income	219.95	218.36	176.57	128.96	110.47
Net Income to Common	219.95	218.36	176.57	128.96	110.47
Net Income Growth	0.73%	23.67%	36.92%	16.73%	26.63%
Shares Outstanding (Basic)	60	61	62	63	63
Shares Outstanding (Diluted)	61	62	63	63	64
Shares Change (YoY)	-1.82%	-0.68%	-1.26%	-1.42%	-0.02%
EPS (Basic)	3.64	3.56	2.86	2.05	1.74
EPS (Diluted)	3.60	3.51	2.82	2.03	1.72
EPS Growth	2.56%	24.47%	38.92%	18.02%	26.47%
Free Cash Flow	374.01	286.33	241.49	173.04	181.17
Free Cash Flow Per Share	6.13	4.61	3.86	2.73	2.82
Gross Margin	56.32%	54.82%	53.63%	53.30%	55.12%
Operating Margin	26.15%	25.10%	22.60%	19.91%	20.24%
Profit Margin	20.34%	20.95%	19.01%	16.81%	16.65%
Free Cash Flow Margin	34.59%	27.47%	26.00%	22.56%	27.30%
EBITDA	289.05	267.9	215.63	159.36	142.25
EBITDA Margin	26.73%	25.70%	23.22%	20.77%	21.43%
D&A For EBITDA	6.32	6.3	5.75	6.66	7.91
EBIT	282.74	261.6	209.88	152.7	134.33
EBIT Margin	26.15%	25.10%	22.60%	19.91%	20.24%
Effective Tax Rate	23.07%	18.16%	17.36%	18.44%	17.60%
Revenue as Reported	1,081	1,042	928.73	767.08	663.64
Advertising Expenses	2	1.8	2.4	2.3	2.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.