Launch Catch-Up — Results Released October 21, 2026
SAP reported its first quarter with more than €10 billion in revenue, as growth in cloud services outweighed declines in software licensing and support.
The German business-software company’s third-quarter statement showed cloud revenue of €6.668 billion, up 26% from a year earlier, or 25% after removing currency effects. Current cloud backlog reached €24.144 billion, up 28% as reported and 26% at constant currencies.
Cloud and software revenue totaled €9.249 billion, with another €1.021 billion from services. Software-license revenue fell 9%, while support revenue declined 5%.
Profit after tax under international accounting standards rose 11% to €2.269 billion. Free cash flow increased 36% to €1.718 billion.
SAP moved its annual cloud-revenue and combined cloud-and-software forecasts toward the upper ends of their existing ranges. It retained its €11.8 billion–€12.2 billion forecast for adjusted operating profit at constant currencies. These projections depend on future business conditions.
Sources: SAP quarterly statement: https://www.sap.com/investors/en/financial-documents-and-events/recent-results.html?page=1&pdf-asset=ee4695fa-6f7f-0010-bca6-c68f7e60039b