-- Current cloud backlog of EUR24.1 billion, up 28% and up 26% at constant
currencies
-- Cloud revenue up 26% and up 25% at constant currencies
-- Cloud ERP Suite revenue up 29% and up 28% at constant currencies
-- Total revenue up 13% and up 12% at constant currencies
-- IFRS operating profit up 18%, non-IFRS operating profit up 18%, both at
nominal and constant currencies
-- SAP updates its 2026 cloud revenue and cloud and software revenue outlook
Christian Klein, CEO:
Q3 was an outstanding quarter, with current cloud backlog up 26% at constant currencies. Our Autonomous Enterprise strategy is not just resonating, it is being adopted. Our customers are investing in the technology behind it -- from the cloud and data foundation to our Business AI. They see that Joule Work makes the business case for their transformation more attractive than ever.
Dominik Asam, CFO:
For the first time, SAP crossed EUR10 billion in total quarterly revenue and EUR3 billion of non-IFRS operating profit, reflecting the strength and scalability of our business model. Our disciplined approach to cost management, paired with continued cloud momentum, demonstrates our ability to grow both the top and bottom line at the same time.
WALLDORF, Germany, Oct. 21, 2026 /PRNewswire/ -- SAP SE (NYSE: SAP) announced today its financial results for the third quarter ended September 30, 2026.
Group Results at a Glance
Third quarter 2026
IFRS Non-IFRS(1)
---------------------- ------------------------------------
in %
EUR million, unless Q3 Q3 Q3 Q3 const.
otherwise stated 2026 2025 in % 2026 2025 in % curr.
------------------- ------ ----- ------- ------ ------ ------- -----------
Current cloud
backlog 24,144 18,839 28 26
------------------- ------ ----- ------- ------ ------ ------- -----------
SaaS/PaaS(2) 6,612 5,212 27 6,612 5,212 27 26
------------------- ------ ----- ------- ------ ------ ------- -----------
Thereof
Cloud ERP
Suite(2) 5,924 4,586 29 5,924 4,586 29 28
------------------- ------ ----- ------- ------ ------ ------- -----------
Thereof
Extension
Suite(2) 688 627 10 688 627 10 8
------------------- ------ ----- ------- ------ ------ ------- -----------
IaaS(2) 56 78 --27 56 78 --27 --27
------------------- ------ ----- ------- ------ ------ ------- -----------
Cloud revenue 6,668 5,290 26 6,668 5,290 26 25
------------------- ------ ----- ------- ------ ------ ------- -----------
Software
licenses
revenue 147 161 --9 147 161 --9 --9
------------------- ------ ----- ------- ------ ------ ------- -----------
Software support
revenue 2,434 2,565 --5 2,434 2,565 --5 --6
------------------- ------ ----- ------- ------ ------ ------- -----------
Cloud and software
revenue 9,249 8,016 15 9,249 8,016 15 14
------------------- ------ ----- ------- ------ ------ ------- -----------
Services Revenue 1,021 1,060 --4 1,021 1,060 --4 --5
------------------- ------ ----- ------- ------ ------ ------- -----------
Total revenue 10,270 9,076 13 10,270 9,076 13 12
------------------- ------ ----- ------- ------ ------ ------- -----------
Cloud gross profit 4,930 3,948 25 4,956 3,972 25 24
------------------- ------ ----- ------- ------ ------ ------- -----------
Cloud gross margin
(in %) 73.9 74.6 --0.7pp 74.3 75.1 --0.8pp --0.7pp
------------------- ------ ----- ------- ------ ------ ------- -----------
Gross profit 7,510 6,671 13 7,543 6,696 13 12
------------------- ------ ----- ------- ------ ------ ------- -----------
Gross margin (in %) 73.1 73.5 --0.4pp 73.4 73.8 --0.3pp --0.3pp
------------------- ------ ----- ------- ------ ------ ------- -----------
Operating profit
(loss) 2,930 2,487 18 3,030 2,566 18 18
------------------- ------ ----- ------- ------ ------ ------- -----------
Operating margin
(in %) 28.5 27.4 1.1pp 29.5 28.3 1.2pp 1.5pp
------------------- ------ ----- ------- ------ ------ ------- -----------
Profit (loss) after
tax 2,269 2,051 11 2,171 1,852 17
------------------- ------ ----- ------- ------ ------ ------- -----------
Earnings per share
- Basic (in EUR) 1.96 1.72 14 1.89 1.59 19
------------------- ------ ----- ------- ------ ------ ------- -----------
Net cash flows from
operating
activities 1,920 1,502 28
------------------- ------ ----- ------- ------ ------ ------- -----------
Free cash flow 1,718 1,266 36
------------------- ------ ----- ------- ------ ------ ------- -----------
(1) For a breakdown of the individual adjustments see table Non-IFRS Operating Expense Adjustments by Functional Areas in the Quarterly Statement.
(2) For a definition of Cloud ERP Suite and Extension Suite, see the Performance Management System chapter in the 2025 Integrated Report. For an Explanation of IaaS, SaaS, and PaaS, see the Notes to the Consolidated Financial Statements of the Integrated Report 2025, Note (A.1).
Nine months ended September 2026
IFRS Non-IFRS(1)
----------------------- ------------------------------------
EUR million, unless Q1--Q3 Q1--Q3 Q1--Q3 Q1--Q3 in % const.
otherwise stated 2026 2025 in % 2026 2025 in % curr.
------------------- ------ ------ ------- ------ ------ ------- -----------
Current cloud
backlog 24,144 18,839 28 26
------------------- ------ ------ ------- ------ ------ ------- -----------
SaaS/PaaS(2) 18,724 15,148 24 18,724 15,148 24 26
------------------- ------ ------ ------- ------ ------ ------- -----------
Thereof
Cloud ERP
Suite(2) 16,662 13,258 26 16,662 13,258 26 28
------------------- ------ ------ ------- ------ ------ ------- -----------
Thereof
Extension
Suite(2) 2,062 1,889 9 2,062 1,889 9 11
------------------- ------ ------ ------- ------ ------ ------- -----------
IaaS(2) 187 266 --29 187 266 --29 --28
------------------- ------ ------ ------- ------ ------ ------- -----------
Cloud revenue 18,911 15,413 23 18,911 15,413 23 25
------------------- ------ ------ ------- ------ ------ ------- -----------
Software
licenses
revenue 395 538 --27 395 538 --27 --26
------------------- ------ ------ ------- ------ ------ ------- -----------
Software support
revenue 7,342 7,969 --8 7,342 7,969 --8 --6
------------------- ------ ------ ------- ------ ------ ------- -----------
Cloud and software
revenue 26,648 23,920 11 26,648 23,920 11 14
------------------- ------ ------ ------- ------ ------ ------- -----------
Services Revenue 3,055 3,196 --4 3,055 3,196 --4 --3
------------------- ------ ------ ------- ------ ------ ------- -----------
Total revenue 29,703 27,116 10 29,703 27,116 10 12
------------------- ------ ------ ------- ------ ------ ------- -----------
Cloud gross profit 14,044 11,501 22 14,124 11,573 22 25
------------------- ------ ------ ------- ------ ------ ------- -----------
Cloud gross margin
(in %) 74.3 74.6 --0.4pp 74.7 75.1 --0.4pp --0.5pp
------------------- ------ ------ ------- ------ ------ ------- -----------
Gross profit 21,710 19,898 9 21,806 19,971 9 11
------------------- ------ ------ ------- ------ ------ ------- -----------
Gross margin (in %) 73.1 73.4 --0.3pp 73.4 73.6 --0.2pp --0.3pp
------------------- ------ ------ ------- ------ ------ ------- -----------
Operating profit
(loss) 8,313 7,276 14 8,639 7,590 14 17
------------------- ------ ------ ------- ------ ------ ------- -----------
Operating margin
(in %) 28.0 26.8 1.2pp 29.1 28.0 1.1pp 1.3pp
------------------- ------ ------ ------- ------ ------ ------- -----------
Profit (loss) after
tax 6,424 5,596 15 6,001 5,280 14
------------------- ------ ------ ------- ------ ------ ------- -----------
Earnings per share
- Basic (in EUR) 5.50 4.70 17 5.20 4.53 15
------------------- ------ ------ ------- ------ ------ ------- -----------
Net cash flows from
operating
activities 8,586 7,859 9
------------------- ------ ------ ------- ------ ------ ------- -----------
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