Sap SE 6-K, filed Oct 26, 2026

Sap SE (SAP)

6-K 2026-10-26 For: 2026-10-26

Added on October 26, 2026

About this 6-K

Sap SE filed this 6-K on October 26, 2026.

SAP SE reported Q3 2026 current cloud backlog of €24.1 billion, up 28%, cloud revenue up 26% and total revenue up 13%. It updated 2026 cloud revenue guidance toward the upper end of €25.8 – 26.2 billion at constant currencies. AI summary

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Exhibit No.	Exhibit

99.1	Quarterly Statement dated October 21, 2026

SAP SE
(Registrant)



By:	/s/ Christopher Sessar
	Name:	Dr. Christopher Sessar
	Title:	Chief Accounting Officer




By:	/s/ Julia Zicke
	Name:	Dr. Julia Zicke
	Title:	Head of External Reporting and Accounting Technology

Exhibit No.	Exhibit

99.1	Quarterly Statement dated October 21, 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

	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

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

Aimée Leabon	+1 (212) 653-9600	aimee.leabon@sap.com, EDT

Marcus Winkler	+49 (6227) 7-67497	marcus.winkler@sap.com, CET

Daniel Reinhardt	+49 (6227) 7-40201	daniel.reinhardt@sap.com, CET

Primary Financial Statements of SAP Group (IFRS)		8
(A)	Consolidated Income Statements	8
(B)	Consolidated Statements of Financial Position	10
(C)	Consolidated Statements of Cash Flows	11
Non-IFRS Numbers		12
(D)	Basis of Non-IFRS Presentation	12
(E)	Reconciliation from Non-IFRS Numbers to IFRS Numbers	12
(F)	Non-IFRS Adjustments – Actuals and Estimates	16
(G)	Non-IFRS Operating Expense Adjustments by Functional Areas	16
Disaggregations		17
(H)	Segment Reporting	17
(I)	Revenue by Region (IFRS and Non-IFRS)	19
(J)	Employees by Region and Functional Areas	20
Other Disclosures		21
(K)	Share-Based Payment Expenses	21
(L)	Teradata Litigation Matter	21
(M)	Business Combinations	21
(N)	2027 Reporting Changes	22

€ millions, unless otherwise stated	Q3 2026	Q3 2025	∆ in %
Cloud	6,668	5,290	26
Software licenses	147	161	–9
Software support	2,434	2,565	–5
Software licenses and support	2,581	2,726	–5
Cloud and software	9,249	8,016	15
Services	1,021	1,060	–4
Total revenue	10,270	9,076	13

Cost of cloud	–1,738	–1,342	29
Cost of software licenses and support	–263	–303	–13
Cost of cloud and software	–2,001	–1,645	22
Cost of services	–760	–760	0
Total cost of revenue	–2,761	–2,405	15
Gross profit	7,510	6,671	13
Research and development	–1,865	–1,644	13
Sales and marketing	–2,283	–2,185	5
General and administration	–412	–364	13
Restructuring	3	18	–81
Other operating income/expense, net	–23	–8	>100
Total operating expenses	–7,341	–6,589	11
Operating profit (loss)	2,930	2,487	18

Other non-operating income/expense, net	–24	46	N/A
Finance income	383	524	–27
Finance costs	–287	–312	–8
Financial income, net	96	212	–55
Profit (loss) before tax	3,002	2,745	9

Income tax expense	–734	–694	6
Profit (loss) after tax	2,269	2,051	11
Attributable to owners of parent	2,249	2,004	12
Attributable to non-controlling interests	20	47	–58

Earnings per share, basic (in €)¹	1.96	1.72	14
Earnings per share, diluted (in €)¹	1.94	1.71	14

€ millions, unless otherwise stated	Q1–Q3 2026	Q1–Q3 2025	∆ in %
Cloud	18,911	15,413	23
Software licenses	395	538	–27
Software support	7,342	7,969	–8
Software licenses and support	7,736	8,507	–9
Cloud and software	26,648	23,920	11
Services	3,055	3,196	–4
Total revenue	29,703	27,116	10

Cost of cloud	–4,867	–3,912	24
Cost of software licenses and support	–822	–909	–10
Cost of cloud and software	–5,689	–4,821	18
Cost of services	–2,304	–2,397	–4
Total cost of revenue	–7,992	–7,218	11
Gross profit	21,710	19,898	9
Research and development	–5,411	–4,935	10
Sales and marketing	–6,738	–6,576	2
General and administration	–1,174	–1,083	8
Restructuring	–16	0	>100
Other operating income/expense, net	–58	–27	>100
Total operating expenses	–21,390	–19,840	8
Operating profit (loss)	8,313	7,276	14

Other non-operating income/expense, net	–39	53	N/A
Finance income	1,383	1,246	11
Finance costs	–902	–859	5
Financial income, net	481	387	24
Profit (loss) before tax	8,755	7,715	13

Income tax expense	–2,331	–2,119	10
Profit (loss) after tax	6,424	5,596	15
Attributable to owners of parent	6,360	5,481	16
Attributable to non-controlling interests	63	115	–45

Earnings per share, basic (in €)¹	5.50	4.70	17
Earnings per share, diluted (in €)¹	5.48	4.67	17

as at 9/30/2026 and 12/31/2025
€ millions	2026	2025
Cash and cash equivalents	9,364	8,220
Other financial assets	1,633	1,552
Trade and other receivables	6,976	6,666
Other non-financial assets	3,339	3,212
Tax assets	804	598
Total current assets	22,115	20,247
Goodwill	31,216	29,015
Intangible assets	2,796	2,282
Property, plant, and equipment	4,549	4,497
Other financial assets	8,300	7,269
Trade and other receivables	163	218
Other non-financial assets	4,495	4,419
Tax assets	332	244
Deferred tax assets	2,371	2,167
Total non-current assets	54,221	50,111
Total assets	76,336	70,358

€ millions	2026	2025
Trade and other payables	3,002	2,433
Tax liabilities	1,571	968
Financial liabilities	2,053	2,050
Other non-financial liabilities	4,218	4,848
Provisions	108	538
Contract liabilities	8,158	6,574
Total current liabilities	19,110	17,409
Trade and other payables	1	2
Tax liabilities	581	562
Financial liabilities	8,535	6,021
Other non-financial liabilities	548	524
Provisions	629	550
Deferred tax liabilities	259	74
Contract liabilities	213	144
Total non-current liabilities	10,765	7,875
Total liabilities	29,875	25,284
Issued capital	1,229	1,229
Share premium	3,194	2,778
Retained earnings	50,824	47,345
Other components of equity	1,295	182
Treasury shares	–10,593	–6,948
Equity attributable to owners of parent	45,948	44,586

Non-controlling interests	513	488
Total equity	46,461	45,073
Total equity and liabilities	76,336	70,358

€ millions	Q1–Q3 2026	Q1–Q3 2025
Profit (loss) after tax	6,424	5,596
Adjustments to reconcile profit (loss) after tax to net cash flows from operating activities:
Depreciation and amortization	954	986
Share-based payment expense	1,227	1,379
Income tax expense	2,331	2,119
Financial income, net	–481	–387
Increase/decrease in allowances on trade receivables	54	10
Other adjustments for non-cash items	–31	–3
Increase/decrease in trade and other receivables	–142	679
Increase/decrease in other assets	–55	–365
Increase/decrease in trade payables, provisions, and other liabilities	–564	–1,676
Increase/decrease in contract liabilities	1,371	1,492
Share-based payments	–440	–691
Income taxes paid, net of refunds	–2,063	–1,280
Net cash flows from operating activities	8,586	7,859
Business combinations, net of cash and cash equivalents acquired	–1,829	–700
Purchase of intangible assets and property, plant, and equipment	–521	–559
Proceeds from sales of intangible assets and property, plant, and equipment	85	110
Purchase of equity or debt instruments of other entities	–3,540	–4,369
Proceeds from sales of equity or debt instruments of other entities	3,236	4,454
Interest received	236	317
Net cash flows from investing activities	–2,332	–747
Dividends paid	–2,883	–2,743
Dividends paid on non-controlling interests	–35	–3
Purchase of treasury shares	–4,124	–1,937
Proceeds from borrowings	4,663	2
Repayments of borrowings	–2,278	–2,106
Payments of lease liabilities	–182	–204
Interest paid	–388	–451
Net cash flows from financing activities	–5,227	–7,442
Effect of foreign currency rates on cash and cash equivalents	118	–726
Net increase/decrease in cash and cash equivalents	1,144	–1,055
Cash and cash equivalents at the beginning of the period	8,220	9,609
Cash and cash equivalents at the end of the period	9,364	8,554

€ millions, unless otherwise stated	Estimated Amounts for Full Year 2026	Q3 2026	Q1–Q3 2026	Q3 2025	Q1–Q3 2025
Profit (loss) before tax (IFRS)		3,002	8,755	2,745	7,715
Adjustment for acquisition-related charges	340–420	104	281	96	313
Adjustment for restructuring expenses	0–20	–3	16	–18	0
Adjustment for the Teradata litigation expenses	29	0	29	0	0
Adjustment for gains and losses from equity securities, net	N/A¹	–176	–680	–256	–555
Profit (loss) before tax (non-IFRS)		2,926	8,401	2,569	7,474

€ millions (non-IFRS)	Q3 2026		Q3 2025
€ millions (non-IFRS)	Actual Currency	Constant Currency	Actual Currency
Cloud	6,668	6,613	5,290
Software licenses	147	146	161
Software support	2,434	2,416	2,565
Software licenses and support	2,581	2,562	2,726
Cloud and software	9,249	9,175	8,016
Services	48	48	64
Total segment revenue	9,297	9,223	8,080
Cost of cloud	–1,626	–1,605	–1,283
Cost of software licenses and support	–247	–244	–278
Cost of cloud and software	–1,873	–1,849	–1,561
Cost of services	–119	–117	–87
Total cost of revenue	–1,992	–1,967	–1,648
Segment gross profit	7,304	7,256	6,432
Other segment expenses	–3,498	–3,455	–3,096
Segment profit (loss)	3,807	3,802	3,336

Full-time equivalents	9/30/2026				9/30/2025
Full-time equivalents	EMEA	Americas	APJ	Total	EMEA	Americas	APJ	Total
Cloud and software	4,751	4,592	5,620	14,964	4,600	4,514	5,348	14,462
Services	8,294	4,597	5,958	18,849	8,289	4,690	5,920	18,899
Research and development	18,863	5,978	13,894	38,735	18,375	5,895	13,639	37,909
Sales and marketing	12,417	10,034	5,074	27,524	11,951	9,923	5,039	26,914
General and administration	4,138	1,964	1,369	7,471	3,981	1,915	1,362	7,258
Infrastructure	3,276	1,167	1,090	5,533	3,143	1,152	993	5,289
SAP Group (9/30)	51,739	28,332	33,005	113,076	50,339	28,089	32,302	110,730
Thereof acquisitions¹	202	365	238	805	288	74	13	375
SAP Group (nine months' end average)	51,258	28,044	32,477	111,780	49,328	27,794	31,581	108,702