Manhattan Associates, Inc. reported a total revenue of $1,081.4 million for the fiscal year ended December 31, 2025, marking a 4% increase from $1,042.4 million in 2024. The company's cloud subscription revenue rose significantly by 21% to $408.1 million, representing 38% of total revenue, while software license revenue slightly decreased to $14.8 million. Services revenue, which includes professional services, totaled $503.0 million, down 4% from the previous year, reflecting a shift in customer demand towards cloud solutions. The company achieved a diluted earnings per share of $3.60, up from $3.51 in 2024, and reported an operating income of $279.8 million, a 7% increase from $261.6 million in the prior year.
In terms of operational metrics, Manhattan Associates saw a notable increase in its remaining performance obligations (RPO), which rose by 25% to approximately $2.2 billion, indicating strong future revenue potential. The company’s international revenue also grew, reaching $373.5 million, or 35% of total revenue, compared to $346.2 million in 2024. The Americas segment generated the majority of revenue, but the EMEA and APAC segments also showed growth, particularly in cloud subscriptions, which increased by 28% and 48%, respectively.
Strategically, Manhattan Associates continues to focus on enhancing its cloud offerings and expanding its market presence. The company is investing in research and development, with R&D expenses increasing to $145.1 million in 2025, up from $137.7 million in 2024. This investment aims to bolster its Unified Omnichannel Commerce and Digital Supply Chain solutions, which are critical for meeting evolving customer demands. Additionally, the company has been proactive in managing its workforce, implementing a restructuring plan that resulted in a $2.9 million expense related to the elimination of approximately 100 positions to align services with customer demand.
Looking ahead, Manhattan Associates remains cautiously optimistic about its growth trajectory, despite potential macroeconomic challenges. The company plans to continue investing in innovation and expanding its cloud business, with a focus on customer success and long-term sustainable growth. The management anticipates that the ongoing digital transformation across various industries will drive demand for its solutions, positioning the company favorably in the competitive landscape of supply chain and omnichannel commerce solutions.
About MANHATTAN ASSOCIATES INC
Manhattan Associates provides supply chain, omnichannel commerce, and inventory management software solutions. Its cloud-based applications optimize distribution, transportation, order fulfillment, and customer engagement for retailers, manufacturers, and logistics providers. The company’s platform offers innovative, scalable, and integrated technology designed to enhance operational efficiency, customer experience, and supply chain agility across global markets. It supports enterprise digital transformation through continuous innovation and industry expertise.
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