--- title: "Manhattan Associates | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 270.39 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/273890868.md" datetime: "2026-01-27T21:06:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273890868.md) - [en](https://longbridge.com/en/news/273890868.md) - [zh-HK](https://longbridge.com/zh-HK/news/273890868.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/273890868.md) | [English](https://longbridge.com/en/news/273890868.md) # Manhattan Associates | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 270.39 M 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. ### Financial Summary for Manhattan Associates, Inc. (曼哈顿联合软件) #### Fourth Quarter 2025 Financial Performance (vs. Q4 2024) - **Consolidated Total Revenue**: Manhattan Associates, Inc. (曼哈顿联合软件) reported $270.4 million, an increase from $255.8 million . - **Cloud Subscription Revenue**: $108.6 million, up from $90.3 million . - **License Revenue**: $2.6 million, down from $5.5 million . - **Services Revenue**: $120.0 million, slightly up from $119.5 million . - **Maintenance Revenue**: $32.3 million, down from $33.6 million . - **Hardware Revenue**: $6.9 million, down from $7.0 million . - **GAAP Operating Income**: $67.0 million, an increase from $60.7 million . - **Adjusted Operating Income (Non-GAAP)**: $91.4 million, up from $90.3 million . - **Net Income**: $52.0 million, up from $48.0 million . - **Cash Flow from Operations**: $147.0 million, significantly up from $104.7 million . - **Cash and Cash Equivalents**: $328.7 million at December 31, 2025, compared to $266.2 million at December 31, 2024 . - **Days Sales Outstanding (DSO)**: Remained at 73 days at both December 31, 2025, and September 30, 2025 . - **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 . #### Full Year 2025 Financial Performance (vs. Full Year 2024) - **Consolidated Total Revenue**: $1,081.4 million, an increase from $1,042.4 million . - **Cloud Subscription Revenue**: $408.1 million, up from $337.2 million . - **License Revenue**: $14.8 million, down from $15.1 million . - **Services Revenue**: $503.0 million, down from $525.5 million . - **Maintenance Revenue**: $130.0 million, down from $138.3 million . - **Hardware Revenue**: $25.4 million, down from $26.2 million . - **GAAP Operating Income**: $279.8 million, an increase from $261.6 million . - **Adjusted Operating Income (Non-GAAP)**: $387.1 million, up from $361.8 million . - **Net Income**: $219.9 million, up from $218.4 million . - **Cash Flow from Operations**: $389.5 million, up from $295.0 million . - **Share Repurchases**: For the full year 2025, the company repurchased 1,451,019 shares for $274.5 million . - **Remaining Performance Obligations (RPO)**: Increased to $2,232.2 million at December 31, 2025, from $1,780.4 million at December 31, 2024 . #### Revenue and GAAP Operating Income by Segment (Full Year 2025 vs. Full Year 2024) - **Americas**: Revenue was $810.4 million (up from $802.5 million) and GAAP Operating Income was $167.6 million (up from $167.3 million) . - **EMEA**: Revenue was $215.8 million (up from $190.5 million) and GAAP Operating Income was $88.1 million (up from $72.5 million) . - **APAC**: Revenue was $55.2 million (up from $49.3 million) and GAAP Operating Income was $24.2 million (up from $21.8 million) . #### Non-GAAP Financial Measures 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 . #### 2026 Outlook and Guidance 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% . ### 相關股票 - [Manhattan Associates (MANH.US)](https://longbridge.com/zh-HK/quote/MANH.US.md) ## 相關資訊與研究 - [How Investors Are Reacting To Manhattan Associates (MANH) Winning Rainforest’s AI Supply Chain Planning Deal](https://longbridge.com/zh-HK/news/279927718.md) - [Magnetar Financial LLC Acquires 8,626 Shares of Manhattan Associates, Inc. $MANH](https://longbridge.com/zh-HK/news/279022787.md) - [Key facts: Bunge Increases Securitization to $2.0B; 8-K on Obligation](https://longbridge.com/zh-HK/news/281659964.md) - [Why Are Strategy Shares Seesawing On Tuesday?](https://longbridge.com/zh-HK/news/281227302.md) - [Is It Time To Reassess Cadence Design Systems (CDNS) After Recent Share Price Weakness?](https://longbridge.com/zh-HK/news/281561479.md)