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SAP SE (SAP) earnings and revenue breakdown
Latest: Q3 2026 · 6-K filed Oct 26, 2026 · SAP SE (SAP) Q3 2026 earnings results →
Q3 2026 Revenue up 13% year over year to $10.3B · 22¢ of every $1 of revenue kept as net profit · operating margin 28.5%
SAP SE made $10.3B in Q3 2026 (+13% Y/Y): Cloud and software revenue $9.2B, Services Revenue $1.0B. Operating margin 28.5%, net earnings $2.2B. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Oct 26, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was €10.3B in Q3 2026, up 13% year over year. Thereof Cloud ERP Suite 2 was the largest line at 58% of revenue. Thereof Cloud ERP Suite 2 added €1.3B year over year (up 29%), 112% of the total change. IaaS 2 declined 28%.
Gross margin was 73.1%, down 0.4 points from a year earlier. Operating profit was €2.9B, a 28.5% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 27% margin then. Operating expenses grew 9% against revenue growth of 13%. The fastest-growing cost line was Research & development (+13%). Net earnings were €2.2B, up 12% year over year. The effective tax rate was 24.5%.
Operating cash flow was €8.6B (up 9% year over year), 378% of net earnings. Non-cash charges added back €1.0B of depreciation and amortization. Working capital and other items added €5.4B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 6-K | Oct 26, 2026 | $10.3B | +13% | 28.5% | $2.2B | $8.6B |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About SAP SE
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 .
In its own words, from its 6-K, filed Oct 26, 2026.
SAP SE against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +14%. Operating margin: 28.5% against the peers' median 20.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SAP SAP SE | Q3 2026 | $11.8B | +13% | 28.5% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: SAP SE 6-K on SEC EDGAR · CIK 1000184 · Services-Prepackaged Software
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History
Every quarter: Q3 2026 results