Manhattan Associates reported $2.60B of remaining performance obligations at 30 Sep 2026, up 24% from a year earlier and up 4% from the previous quarter. That is 2.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.33.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 51% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 13.4% of the backlog.
Twelve-month book-to-bill: 1.43, i.e. 1.43 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +15 points — orders are running ahead of revenue.
By backlog size it ranks 164th among US filers the cockpit tracks.
Manhattan Associates backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$2.60B
$1.16B
2.2 yrs
$348M
30 Jun 2026
$2.50B
$1.13B
2.2 yrs
$343M
31 Mar 2026
$2.30B
$1.10B
2.1 yrs
$356M
31 Dec 2025
$2.20B
$1.08B
2.0 yrs
$337M
30 Sep 2025
$2.10B
$1.07B
2.0 yrs
$296M
30 Jun 2025
$2.00B
$1.06B
1.9 yrs
$300M
31 Mar 2025
$1.90B
$1.05B
1.8 yrs
$297M
31 Dec 2024
$1.80B
$1.04B
1.7 yrs
$278M
30 Sep 2024
$1.70B
$1.02B
1.7 yrs
$252M
30 Jun 2024
$1.60B
$997M
1.6 yrs
$259M
31 Mar 2024
$1.50B
$962M
1.6 yrs
$264M
31 Dec 2023
$1.40B
$929M
1.5 yrs
$238M
Questions
What is Manhattan Associates's backlog?
Manhattan Associates reported $2.60B of remaining performance obligations at 30 Sep 2026, up 24% from a year earlier and up 4% from the previous quarter. That is 2.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.33.
How fast does Manhattan Associates's backlog turn into revenue?
Over the last twelve months Manhattan Associates recognised revenue equal to about 51% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.