Revenue: As of FY2025 Q4, the actual value is USD 270.39 M, beating the estimate of USD 264.69 M.EPS: As of FY2025 Q4, the actual value is USD 0.86, beating the estimate of USD 0.704.EBIT: As of FY2025 Q4, the actual value is USD 65.58 M.<h3>Financial Summary for Manhattan Associates, Inc. (曼哈顿联合软件)</h3><h4>Fourth Quarter 2025 Financial Performance (vs. Q4 2024)</h4><ul><li>Consolidated Total Revenue: Manhattan Associates, Inc. (曼哈顿联合软件) reported $270.4 million, an increase from $255.8 million .<ul><li>Cloud Subscription Revenue: $108.6 million, up from $90.3 million .</li><li>License Revenue: $2.6 million, down from $5.5 million .</li><li>Services Revenue: $120.0 million, slightly up from $119.5 million .</li><li>Maintenance Revenue: $32.3 million, down from $33.6 million .</li><li>Hardware Revenue: $6.9 million, down from $7.0 million .</li></ul></li><li>GAAP Operating Income: $67.0 million, an increase from $60.7 million .</li><li>Adjusted Operating Income (Non-GAAP): $91.4 million, up from $90.3 million .</li><li>Net Income: $52.0 million, up from $48.0 million .</li><li>Cash Flow from Operations: $147.0 million, significantly up from $104.7 million .</li><li>Cash and Cash Equivalents: $328.7 million at December 31, 2025, compared to $266.2 million at December 31, 2024 .</li><li>Days Sales Outstanding (DSO): Remained at 73 days at both December 31, 2025, and September 30, 2025 .</li><li>Share Repurchases: Manhattan Associates, Inc. (曼哈顿联合软件) repurchased 415,925 shares for a total investment of $75.0 million during Q4 2025 .</li></ul><h4>Full Year 2025 Financial Performance (vs. Full Year 2024)</h4><ul><li>Consolidated Total Revenue: $1,081.4 million, an increase from $1,042.4 million .<ul><li>Cloud Subscription Revenue: $408.1 million, up from $337.2 million .</li><li>License Revenue: $14.8 million, down from $15.1 million .</li><li>Services Revenue: $503.0 million, down from $525.5 million .</li><li>Maintenance Revenue: $130.0 million, down from $138.3 million .</li><li>Hardware Revenue: $25.4 million, down from $26.2 million .</li></ul></li><li>GAAP Operating Income: $279.8 million, an increase from $261.6 million .</li><li>Adjusted Operating Income (Non-GAAP): $387.1 million, up from $361.8 million .</li><li>Net Income: $219.9 million, up from $218.4 million .</li><li>Cash Flow from Operations: $389.5 million, up from $295.0 million .</li><li>Share Repurchases: For the full year 2025, the company repurchased 1,451,019 shares for $274.5 million .</li><li>Remaining Performance Obligations (RPO): Increased to $2,232.2 million at December 31, 2025, from $1,780.4 million at December 31, 2024 .</li></ul><h4>Revenue and GAAP Operating Income by Segment (Full Year 2025 vs. Full Year 2024)</h4><ul><li>Americas: Revenue was $810.4 million (up from $802.5 million) and GAAP Operating Income was $167.6 million (up from $167.3 million) .</li><li>EMEA: Revenue was $215.8 million (up from $190.5 million) and GAAP Operating Income was $88.1 million (up from $72.5 million) .</li><li>APAC: Revenue was $55.2 million (up from $49.3 million) and GAAP Operating Income was $24.2 million (up from $21.8 million) .</li></ul><h4>Non-GAAP Financial Measures</h4>Manhattan Associates, Inc. (曼哈顿联合软件) discusses the use of non-GAAP financial measures, including adjusted operating income and margin, adjusted income tax provision, adjusted net income, and adjusted diluted earnings per share . These adjusted results exclude the impact of equity-based compensation, expense related to an unusual health insurance claim (net of insurance recoveries), restructuring expense, and related income tax effects . The company uses these measures to assess operating performance, review management performance, and for internal comparisons, believing they provide meaningful information and facilitate investors’ understanding of historical operating trends .<h4>2026 Outlook and Guidance</h4>Manhattan Associates, Inc. (曼哈顿联合软件) anticipates total revenue for full year 2026 to be between $1,133 million and $1,153 million, representing a growth range of 5% to 7% . The company expects GAAP operating margin to be between 24.1% and 24.7%, and adjusted operating margin between 34.5% and 35.0% . Adjusted diluted EPS is projected to be in the range of $5.04 to $5.20, indicating a growth of 0% to 3% .

Manhattan Associates | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 270.39 M