Filing Flows › SAP SE (SAP) › Operating margin
SAP SE (SAP) operating margin by quarter
SAP SE's operating margin was 28.5% in Q3 2026 (third quarter 2026), +1.8 pts from Q2 2026. Over the last 6 quarters it ranged from 26.4% (Q4 2025) to 28.7% (Q1 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 28.5% | +1.8 pts | +1.1 pts |
| Q2 2026 | 26.8% | -1.9 pts | -0.5 pts |
| Q1 2026 | 28.7% | +2.3 pts | — |
| Q4 2025 | 26.4% | -1.0 pts | — |
| Q3 2025 | 27.4% | +0.2 pts | — |
| Q2 2025 | 27.2% | — | — |
Q3 2026 at a glance
SAP SE, Q3 2026: revenue $10.3B (+13% year over year), operating margin 28.5%, net earnings $2.2B, operating cash flow $1.9B. The chart follows the revenue to costs, profit and cash.
Questions
What is SAP SE's operating margin?
SAP SE's operating margin was 28.5% in Q3 2026 (third quarter 2026), +1.8 pts from Q2 2026.
How has SAP SE's operating margin changed?
Over the last 6 quarters it ranged from 26.4% (Q4 2025) to 28.7% (Q1 2026).