SAP revenue rises 13% as cloud growth accelerates
German enterprise software company SAP reported third-quarter 2026 revenue of €10.270 billion and IFRS net income of €2.269 billion
SAP Q3 2026 earnings
| Financial metric | Actual | Market estimate |
|---|---|---|
| Revenue | €10.270 billion | €10.119 billion |
| Revenue growth | +13% YoY | — |
| Net income (IFRS) | €2.269 billion | — |
| Net income growth | +11% YoY | — |
| Diluted EPS (IFRS) | €1.94 | — |
| Basic EPS (IFRS) | €1.96 | — |
| Basic EPS (non-IFRS) | €1.89 | €1.80 |
| Net income (non-IFRS) | €2.171 billion | — |
| Cloud revenue | €6.668 billion | €6.594 billion |
| Cloud revenue growth | +26% YoY | — |
| Cloud and software revenue | €9.249 billion | €9.082 billion |
| Operating profit (IFRS) | €2.930 billion | — |
| Operating profit (non-IFRS) | €3.030 billion | €2.942 billion |
| Operating margin (non-IFRS) | 29.5% | 29.1% |
| Current cloud backlog | €24.144 billion | — |
| Free cash flow | €1.718 billion | €1.702 billion |
| FY2026 cloud revenue guidance | Upper end of €25.8–€26.2 billion | — |
| FY2026 operating profit guidance (non-IFRS) | €11.8–€12.2 billion | — |
| Stock reaction (October 21, after-hours) | Not verified | — |
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