Manhattan Associates, a leading provider of supply chain and omnichannel commerce solutions, has released its financial results for the fourth quarter and full year ending December 31, 2025. The company reported significant growth in revenue and earnings, driven by strong performance in its cloud subscription services.<\/p>\n
Financial Highlights<\/p>\n
For the fourth quarter of 2025, Manhattan Associates reported a revenue of $270.4 million, up from $255.8 million in the same period of 2024. GAAP diluted earnings per share (EPS) increased to $0.86 from $0.77 in Q4 2024. Non-GAAP adjusted diluted EPS also saw a rise, reaching $1.21 compared to $1.17 in the previous year.<\/p>\n
For the full year 2025, the company achieved a total revenue of $1.081 billion, an increase from $1.042 billion in 2024. GAAP diluted EPS for the year was $3.60, up from $3.51 in 2024, while non-GAAP adjusted diluted EPS was $5.06, compared to $4.72 in the prior year.<\/p>\n
Business and Operational Highlights<\/p>\n
Manhattan Associates experienced a 25% increase in RPO bookings over the prior year, reflecting strong demand for its cloud solutions. Cloud subscription revenue for Q4 2025 was $108.6 million, a significant increase from $90.3 million in Q4 2024. However, license revenue saw a decline, dropping to $2.6 million from $5.5 million in the same period last year.<\/p>\n
Services revenue remained relatively stable at $120.0 million for Q4 2025, compared to $119.5 million in Q4 2024. The company also reported a substantial increase in cash flow from operations, which totaled $147.0 million for Q4 2025, up from $104.7 million in Q4 2024.<\/p>\n
Strategic Initiatives and Corporate Developments<\/p>\n
During the fourth quarter, Manhattan Associates repurchased 415,925 shares of its common stock for a total investment of $75.0 million. The Board of Directors has replenished the company\u2019s share repurchase authority to an aggregate of $100.0 million as of January 2026.<\/p>\n
For the full year 2025, the company repurchased 1,451,019 shares for a total investment of $274.5 million. This strategic initiative reflects the company’s commitment to returning value to its shareholders.<\/p>\n
Management’s Perspective<\/p>\n
Eric Clark, President and CEO of Manhattan Associates, commented on the results, stating, “Manhattan’s business momentum continues to strengthen. We delivered record fourth quarter cloud bookings, and our industry-leading solutions are gaining market share.” He also highlighted the company’s expanded go-to-market footprint and the opportunities for growth from new and existing customers.<\/p>\n
Future Outlook<\/p>\n
Looking ahead to 2026, Manhattan Associates has provided guidance for total revenue in the range of $1.133 billion to $1.153 billion, representing a growth range of 5% to 7%. The company expects GAAP operating margin to be between 24.1% and 24.7%, with adjusted operating margin projected to be between 34.5% and 35.0%. GAAP EPS is forecasted to be between $3.37 and $3.53, while adjusted EPS is expected to range from $5.04 to $5.20.<\/p>\n