How much of SAP's share repurchase program had been completed by September 30, 2026?

SAP had repurchased 25,205,983 shares at an average price of €164.79, for a purchased volume of approximately €4.2 billion. The program announced in January 2026 has an aggregate volume of up to €10 billion and runs until December 31, 2027.

SAP Quarterly Statement Q3 2026

Q: What were SAP's Q3 2026 revenue and earnings?

SAP reported Q3 revenue of €10.270 billion and IFRS basic earnings per share of €1.96. Revenue increased 13% year over year, while basic earnings per share rose 14%. IFRS operating profit increased 18% to €2.930 billion.

Revenue expectations move toward the upper ends of existing ranges, while the operating profit and free cash flow forecasts remain unchanged.

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Rhea-AI Summary

SAP (NYSE: SAP) reported third-quarter 2026 revenue of €10.270 billion, up 13% year over year, and updated its revenue outlook.

Cloud revenue rose 26% to €6.668 billion, while current cloud backlog reached €24.144 billion, up 28%. IFRS operating profit increased 18% to €2.930 billion, and basic earnings per share rose 14% to €1.96. Free cash flow increased 36% to €1.718 billion. Cloud gross margin fell to 73.9% from 74.6%. Cloud growth benefited mainly from a multi-quarter revenue catch-up involving customers returning from financial distress.

SAP now expects 2026 cloud revenue and cloud and software revenue toward the upper ends of their respective €25.8–26.2 billion and €36.3–36.8 billion constant-currency ranges. Its non-IFRS operating profit forecast remains €11.8–12.2 billion at constant currencies, with approximately €10 billion free cash flow at actual currencies. Results are preliminary and unaudited.

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0 major · 23 points

Hollow bars mark forward-looking points. How the balance works

Positive

Moderate pointQ3 total revenue rose 13% to €10.270 billion year over year; growth was 12% at constant currencies.
Moderate pointCurrent cloud backlog increased 28% to €24.144 billion year over year, or 26% at constant currencies.
Moderate pointQ3 cloud revenue increased 26% to €6.668 billion year over year, or 25% at constant currencies.
Moderate pointQ3 IFRS operating profit rose 18% to €2.930 billion year over year.
Moderate pointQ3 IFRS profit after tax increased 11% to €2.269 billion year over year.
Moderate pointQ3 operating cash flow rose 28% to €1.920 billion year over year.
Moderate pointQ3 free cash flow increased 36% to €1.718 billion year over year.
Moderate point. Forward-looking: it has not happened yet and may not happen.SAP now expects 2026 cloud revenue toward the upper end of €25.8–26.2 billion at constant currencies.
Moderate point. Forward-looking: it has not happened yet and may not happen.SAP now expects 2026 cloud and software revenue toward the upper end of €36.3–36.8 billion at constant currencies.

21 minor points

Minor pointQ3 Cloud ERP Suite revenue rose 29% to €5.924 billion; constant-currency growth was 28%.
Minor pointQ3 Extension Suite revenue increased 10% to €688 million; constant-currency growth was 8%.
Minor pointQ3 IFRS operating margin increased 1.1 percentage points to 28.5% year over year.
Minor pointQ3 IFRS basic earnings per share increased 14% to €1.96 year over year.
Minor pointNine-month total revenue increased 10% to €29.703 billion; constant-currency growth was 12%.
Minor pointNine-month cloud revenue rose 23% to €18.911 billion; constant-currency growth was 25%.
Minor pointNine-month Cloud ERP Suite revenue increased 26% to €16.662 billion; constant-currency growth was 28%.
Minor pointNine-month Extension Suite revenue rose 9% to €2.062 billion; constant-currency growth was 11%.
Minor pointNine-month IFRS operating profit increased 14% to €8.313 billion year over year.
Minor pointNine-month IFRS operating margin expanded 1.2 percentage points to 28.0% year over year.
Minor pointNine-month IFRS profit after tax rose 15% to €6.424 billion year over year.
Minor pointNine-month IFRS basic earnings per share increased 17% to €5.50 year over year.
Minor pointNine-month operating cash flow increased 9% to €8.586 billion year over year.
Minor pointNine-month free cash flow increased 11% to €7.968 billion year over year.
Minor point. Forward-looking: it has not happened yet and may not happen.SAP retains 2026 non-IFRS operating profit guidance of €11.8–12.2 billion at constant currencies, up 13%–17%.
Minor point. Forward-looking: it has not happened yet and may not happen.SAP continues to expect approximately €10 billion in 2026 free cash flow, versus €8.24 billion in 2025.
Minor point. Forward-looking: it has not happened yet and may not happen.SAP expects its 2026 non-IFRS effective tax rate at approximately 29%, versus 30.5% in 2025.
Minor point. Forward-looking: it has not happened yet and may not happen.SAP expects constant-currency revenue growth near 2025's 10.6% in 2026, then acceleration in 2027.
Minor point. Forward-looking: it has not happened yet and may not happen.SAP expects 2027 non-IFRS operating expenses to grow at 80%–90% of total revenue growth.
Minor pointDremio and Prior Labs acquisitions were completed; SAP also signed an agreement to acquire TechWolf.
Minor pointReltio, Dremio and Prior Labs contributed €49 million to Q3 total revenue.

Negative

Moderate pointQ3 software support revenue declined 5% to €2.434 billion; constant-currency decline was 6%.
Moderate pointQ3 cloud growth benefited from quarter-specific effects, mainly a multi-quarter revenue catch-up from customers returning from financial distress.
Moderate point. Forward-looking: it has not happened yet and may not happen.SAP expects 2026 constant-currency current cloud backlog growth to slightly decelerate from 25% in 2025.
Moderate point. Forward-looking: it has not happened yet and may not happen.SAP expects the constant-currency software support revenue decline rate to accelerate in coming years as customers move to cloud.
Minor pointQ3 IFRS cloud gross margin fell 0.7 percentage points to 73.9% year over year.

18 minor points

Minor pointQ3 IFRS gross margin declined 0.4 percentage points to 73.1% year over year.
Minor pointQ3 software licenses revenue fell 9% to €147 million, also down 9% at constant currencies.
Minor pointQ3 services revenue declined 4% to €1.021 billion; constant-currency decline was 5%.
Minor pointQ3 infrastructure-as-a-service revenue fell 27% to €56 million, also down 27% at constant currencies.
Minor pointNine-month IFRS cloud gross margin declined 0.4 percentage points to 74.3% year over year.
Minor pointNine-month IFRS gross margin fell 0.3 percentage points to 73.1% year over year.
Minor pointNine-month software support revenue fell 8% to €7.342 billion; constant-currency decline was 6%.
Minor pointNine-month software licenses revenue declined 27% to €395 million; constant-currency decline was 26%.
Minor pointNine-month services revenue fell 4% to €3.055 billion; constant-currency decline was 3%.
Minor pointNine-month infrastructure-as-a-service revenue declined 29% to €187 million; constant-currency decline was 28%.
Minor pointAcquisitions reduced Q3 IFRS operating profit by €59 million.
Minor pointOperating profit growth benefited from two €0.1 billion prior-year negative impacts: tax case-law changes and workforce transformation.
Minor point. Forward-looking: it has not happened yet and may not happen.Full-year current cloud backlog guidance assumes a stable macroeconomic environment in the fourth quarter.
Minor pointSeptember 30 exchange rates imply 1.5-percentage-point currency drag on full-year 2026 cloud revenue growth.
Minor pointSeptember 30 exchange rates imply 1.0-percentage-point currency drag on full-year 2026 cloud and software revenue growth.
Minor pointSeptember 30 exchange rates imply 2.0-percentage-point currency drag on full-year 2026 non-IFRS operating profit growth.
Minor pointTechWolf acquisition remains at the agreement stage.
Minor pointQ3 financial information is preliminary and unaudited.

News Explained

As of September 30, SAP had repurchased shares for about €4.2 billion; the €10 billion program amount is a ceiling, not reported spending.

SAP reports that it completed the Dremio and Prior Labs acquisitions on July 6 and July 17, respectively, while its TechWolf acquisition is only under agreement as of October 6; the release does not report that deal as completed.

The release does not state TechWolf’s purchase consideration or closing conditions.

As of September 30, SAP had repurchased 25,205,983 shares for approximately €4.2 billion under its share repurchase program.

That €4.2 billion is reported purchases to date; the program’s €10 billion figure is an “up to” amount, not a report that the full amount has been spent.

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On Oct 21, the day this news came out, the latest delayed price for SAP is 4.41% above the previous close. Our momentum scanner has recorded 12 alerts for this stock so far that day. The latest delayed price is $243.00. Relative volume is elevated at 2.1x the average.

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Key Figures

Current cloud backlog: €24,144 million; +28% (+26% at constant currencies) Cloud revenue: €6,668 million; +26% (+25% at constant currencies) Total revenue: €10,270 million; +13% (+12% at constant currencies) +4 more

Current cloud backlog: €24,144 million; +28% (+26% at constant currencies); Q3 2026
Cloud revenue: €6,668 million; +26% (+25% at constant currencies); Q3 2026
Total revenue: €10,270 million; +13% (+12% at constant currencies); Q3 2026
Non-IFRS operating profit: €3,030 million; +18%; Q3 2026
Basic non-IFRS EPS: €1.89; +19%; Q3 2026
Cloud revenue outlook: €25.8–26.2 billion; 2026, constant currencies; expected towards the upper end of the outlook range
Cloud and software revenue outlook: €36.3–36.8 billion; 2026, constant currencies; expected towards the upper end of the outlook range

Historical Context

1 past event · Latest: Jul 23

1 event

Jul 23
Quarterly results

24h Move

+9.3%

Q2 cloud backlog and revenue grew; SAP reiterated its 2026 cloud and software outlook.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ifrs, non-ifrs, saas, paas, +1 more

5 terms

ifrs financial

"IFRS operating profit up 18%"

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

non-ifrs financial

"non-IFRS operating profit up 18%"

Non-IFRS refers to financial measures that companies report outside the standard accounting rules set by the International Financial Reporting Standards; these figures exclude or adjust certain items such as one-time costs, stock-based pay, or restructuring charges. Investors care because non-IFRS numbers try to show the business’s underlying performance — like a chef presenting a dish with optional toppings removed to highlight the core flavor — but they can be shaped to look more favorable, so compare them with the official IFRS statements.

saas technical

"SaaS/PaaS2 | 6,612 | 5,212"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

paas technical

"SaaS/PaaS2 | 6,612 | 5,212"

Platform as a Service (PaaS) is a cloud offering that provides developers with ready-made tools, computing power, and hosting so they can build, test, and run software without buying or managing the underlying servers and software stack. For investors, PaaS matters because it can drive predictable subscription revenue, lower customer costs of adoption, and scale rapidly — think of renting a fully equipped kitchen that lets chefs open more restaurants faster without building each kitchen from scratch.

iaas technical

"IaaS2 | 56 | 78"

Infrastructure as a Service (IaaS) is a cloud computing model that lets companies rent computing resources—like servers, storage, and network capacity—on demand instead of owning hardware. For investors, IaaS matters because it enables faster scaling, lower upfront costs, and predictable operating expenses for businesses, which can boost growth potential and margins; think of it as paying to use a utility grid rather than building your own power plant.

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10/21/2026 - 04:05 PM EDT

Current cloud backlog of €24.1 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 €10 billion in total quarterly revenue and €3 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-IFRS¹
€ million, unless otherwise stated	Q3 2026	Q3 2025	∆ in %	Q3 2026	Q3 2025	∆ in %	∆ in % const. curr.
Current cloud backlog				24,144	18,839	28	26
SaaS/PaaS²	6,612	5,212	27	6,612	5,212	27	26
Thereof Cloud ERP Suite²	5,924	4,586	29	5,924	4,586	29	28
Thereof Extension Suite²	688	627	10	688	627	10	8
IaaS²	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 €)	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-IFRS¹
€ million, unless otherwise stated	Q1–Q3 2026	Q1–Q3 2025	∆ in %	Q1–Q3 2026	Q1–Q3 2025	∆ in %	∆ in % const. curr.
Current cloud backlog				24,144	18,839	28	26
SaaS/PaaS²	18,724	15,148	24	18,724	15,148	24	26
Thereof Cloud ERP Suite²	16,662	13,258	26	16,662	13,258	26	28
Thereof Extension Suite²	2,062	1,889	9	2,062	1,889	9	11
IaaS²	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 €)	5.50	4.70	17	5.20	4.53	15
Net cash flows from operating activities	8,586	7,859	9
Free cash flow				7,968	7,205	11

Supplementary Information^[1]

Financial Results

Cloud revenue growth was positively impacted by several quarter-specific effects, mainly a multi-quarter revenue catch-up from customers returning from financial distress.

Total revenue in the third quarter included a contribution of €49 million from the acquisitions of Reltio, Dremio, and Prior Labs.

IFRS and non-IFRS operating profit included a negative contribution of €59 million and €39 million, respectively, from the aforementioned acquisitions. In addition, IFRS and non-IFRS operating profit growth benefited from prior year negative impacts of €0.1 billion each from a change in case law affecting SAP's other tax litigation and from a workforce transformation, both recorded in the third quarter of 2025.

Share Repurchase Program

In January 2026, SAP announced a new share repurchase program with an aggregate volume of up to €10 billion and a term until December 31, 2027. As of September 30, 2026, SAP had repurchased 25,205,983 shares at an average price of €164.79 resulting in a purchased volume of approximately €4.2 billion under the program.

Outlook

Financial Outlook

For 2026, SAP is updating its cloud revenue and cloud and software revenue outlook and now expects:

To generate cloud revenue towards the upper end of the outlook range of €25.8 – 26.2 billion at constant currencies
(2025: €21.02 billion), up 23% to 25% at constant currencies.
To generate cloud and software revenue towards the upper end of the outlook range of €36.3 – 36.8 billion at constant currencies (2025: €32.54 billion), up 12% to 13% at constant currencies.

SAP continues to expect:

€11.8 – 12.2 billion operating profit (non-IFRS) at constant currencies (2025: €10.42 billion), up 13% to 17% at constant currencies.
Approximately €10 billion free cash flow at actual currencies (2025: €8.24 billion).
An effective tax rate (non-IFRS) of approximately 29% (2025: 30.5%)^[2].
Constant currencies current cloud backlog growth to slightly decelerate (2025: 25%).

SAP further expects:

Constant currencies total revenue growth in 2026 to remain at similar levels as in 2025 (10.6%) and to accelerate in 2027.
Total operating expenses (non-IFRS) to grow at 80% to 90% of total revenue growth in 2027.
Constant currencies software support revenue decline rate to accelerate in the coming years as a consequence of an acceleration of customers transforming to the cloud.

SAP's current cloud backlog outlook for full-year 2026 is based on the assumption of a stable macroeconomic environment in the fourth quarter.

While SAP's 2026 financial outlook for the income statement parameters is at constant currencies (including an average exchange rate of 1.13 USD per EUR), actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.

Currency Impact Assuming September 30, 2026 Rates Apply for 2026

In percentage points	Q4 2026	FY 2026
Cloud revenue growth	2.0pp	-1.5pp
Cloud and software revenue growth	1.5pp	-1.0pp
Operating profit growth (non-IFRS)	1.0pp	-2.0pp

This includes an exchange rate of 1.14 USD per EUR.

Non-Financial Outlook

For 2026, SAP continues to expect:

Cloud Customer Satisfaction (Cloud CSAT) to be in a range of 75% to 76% (2025: 75%).
The Employee Engagement Index to be in a range of 74% to 78% (2025: 76%).
The Business Health Culture Index (BHCI) to be in a range of 80% to 82% (2025: 81%).
To steadily decrease carbon emissions across the relevant value chain (2025: 3.6 Mt).

Business Highlights

In the third quarter, customers around the globe continued to choose the "RISE with SAP" journey. These customers included: AstraZeneca, Aydem Enerji, Banco Bilbao, Fairstone Bank of Canada, Grupo SBF, Infineon Technologies, Nagel Group Logistics, and NTN Corporation.

A5X, Bitzer, BLACKROLL, Greenbrier Maxion (GBMX), Krannich Solar Group, Petroplus, Rittal, and SUZHOU ELE.MFG chose "SAP GROW".

Austrian Post (Österreichische Post), Commerz Real, Decathlon, Fraport, Henkel, MAN INDUSTRIES LIMITED, and Toyota Motor Philippines Corporation chose SAP's AI and data solutions.

Key customer wins across SAP's solution portfolio included: Chery Automobile, DOUGLAS Group, Helvetia Holding, Kao Corporation, NTT DATA, Tauranga City Council, and Wipro.

Bertelsmann, Eldorado Brasil, enersuisse, HUGO BOSS, Infineum, Infosys, Mondelez, Panasonic, Roche, and Thalia Bücher went live on SAP solutions in the third quarter.

In the third quarter, SAP's cloud revenue performance was particularly strong in APJ and EMEA and solid in the Americas region. Brazil, France, Germany, Italy, India, South Korea and Spain had outstanding performance, while Switzerland, the United Kingdom and the U.S. were particularly strong.

On July 6, SAP announced that it has completed the acquisition of Dremio, an open, high-performance data lakehouse platform.

On July 17, SAP announced that it has completed the acquisition of Prior Labs, the pioneer of Tabular Foundation Models (TFMs).

On October 6, SAP showcased the Autonomous Enterprise in action at SAP Connect, demonstrating how Joule Work and Joule Assistants generate value for customers across every line of business.
In addition, SAP announced that they entered into an agreement for SAP to acquire TechWolf, a provider of a leading AI work intelligence platform.

Additional Information

This quarterly statement and all information therein are preliminary and unaudited. Due to rounding, numbers may not add up precisely. The Q3 2026 Quarterly Statement can be downloaded from: https://www.sap.com/docs/download/investors/2026/sap-2026-q3-statement.pdf.

SAP Performance Measures

For more information about our key growth metrics and performance measures, their calculation, their usefulness, and their limitations, please refer to the following document on our Investor Relations website: https://www.sap.com/investors/en/financial-documents-and-events/reporting-framework.html.

Webcast
SAP senior management will host a financial analyst conference call on Wednesday, October 21st at 11:00 PM (CEST) / 10:00 PM (BST) / 5:00 PM (EDT) / 2:00 PM (PDT). The conference will be webcast on the Company's website at https://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the third quarter results can be found at https://www.sap.com/investor.

About SAP

As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

For more information, financial community only:
Alexandra Steiger +49 (6227) 7-767336 investor@sap.com, CET
Follow SAP Investor Relations on LinkedIn at SAP Investor Relations.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: +1 (800) 872-1SAP (+1-800-872-1727)

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2025 Annual Report on Form 20-F.

© 2026 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

^[1] The Q3 2026 results were also impacted by other effects. For details, please refer to the disclosures on page 21 of the Quarterly Statement.
^[2] The effective tax rate (non-IFRS) is a non-IFRS financial measure and is presented for supplemental informational purposes only. We do not provide an outlook for the effective tax rate (IFRS) due to the uncertainty and potential variability of gains and losses associated with equity securities, which are reconciling items between the two effective tax rates (non-IFRS and IFRS). These items cannot be provided without unreasonable efforts but could have a significant impact on our future effective tax rate (IFRS).

View original content to download multimedia:https://www.prnewswire.com/news-releases/sap-quarterly-statement-q3-2026-302915956.html

SOURCE SAP SE

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were SAP's Q3 2026 revenue and earnings?

SAP reported Q3 revenue of €10.270 billion and IFRS basic earnings per share of €1.96. Revenue increased 13% year over year, while basic earnings per share rose 14%. IFRS operating profit increased 18% to €2.930 billion.

What changed in SAP's 2026 outlook?

SAP now expects cloud revenue and cloud and software revenue toward the upper ends of their existing constant-currency ranges. Those ranges are €25.8–26.2 billion and €36.3–36.8 billion, respectively. Non-IFRS operating profit guidance remains €11.8–12.2 billion at constant currencies, and free cash flow guidance remains approximately €10 billion at actual currencies.

SAP Quarterly Statement Q3 2026