SAP Reports Record Quarterly Revenue of Over €10 Billion in Q3 2026, Driven by Cloud Growth
SAP reports strong cloud momentum, rising operating profits and increased demand for its AI-powered enterprise solutions.
SAP has announced strong financial results for the third quarter of 2026, supported by continued growth in its cloud business, rising operating profits and increasing customer adoption of its enterprise technology and artificial intelligence solutions.
The company reported total quarterly revenue of more than €10 billion for the first time, while non-IFRS operating profit exceeded €3 billion, highlighting the strength and scalability of its business model.
Key Financial Highlights
SAP delivered solid growth across its major business segments in Q3 2026:
- Current cloud backlog: Increased 28% to €24.1 billion, or 26% at constant currencies.
- Cloud revenue: Grew 26%, or 25% at constant currencies.
- Cloud ERP Suite revenue: Increased 29%, or 28% at constant currencies.
- Total revenue: Rose 13%, or 12% at constant currencies.
- Operating profit: Both IFRS and non-IFRS operating profit increased 18%, at nominal and constant currencies.
The results reflect sustained demand for SAP’s cloud-based enterprise solutions as businesses continue to modernize their operations and invest in digital transformation.
AI and Cloud Adoption Drive Growth
Commenting on the results, SAP CEO Christian Klein highlighted the company’s growing cloud backlog and the increasing adoption of its Autonomous Enterprise strategy.
He noted that customers are investing in the technology required to support enterprise transformation, including cloud infrastructure, data platforms and Business AI. SAP’s Joule Work offering is also helping strengthen the business case for customers seeking to improve productivity and transform business processes.
The company’s performance underscores the growing role of cloud computing and artificial intelligence in its long-term growth strategy.
CFO Highlights Profitability and Business Strength
SAP CFO Dominik Asam emphasized that surpassing €10 billion in quarterly revenue and €3 billion in non-IFRS operating profit marks an important milestone for the company.
He attributed the performance to continued cloud business momentum and disciplined cost management, which have enabled SAP to expand revenue while improving profitability.
SAP Updates 2026 Outlook
Alongside its quarterly results, SAP announced updates to its 2026 outlook for cloud revenue and cloud and software revenue. The revisions reflect the company’s evolving business expectations and continued focus on cloud-led growth.
Overall, SAP’s Q3 2026 performance highlights strong demand for its enterprise cloud solutions, increasing interest in AI-driven business technology and continued progress in scaling its cloud-focused business model.
Read the full SAP Q3 2026 financial results: Quarterly Statement Q3 2026