Filing Flows › SAP SE (SAP) › Q1 2026 › vs Q1 2025
SAP SE (SAP) Q1 2026 vs Q1 2025 (year over year)
SAP SE's revenue rose $542M (+6%) from $9.0B in Q1 2025 to $9.6B in Q1 2026. The biggest changes: Cloud and software revenue +$608M (+8%); Services Revenue −$68.0M (-6%). Gross margin 73.0% against 73.3% (-0.3 pts).
SAP SE, Q1 2026: revenue $9.6B (+6% year over year), operating margin 28.7%, net earnings $1.9B, operating cash flow $3.5B. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.0% | 73.3% | -0.3 pts |
| Operating margin | 28.7% | 25.9% | +2.8 pts |
| Net margin | 20.2% | 19.7% | +0.5 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Thereof Cloud ERP Suite 2 | $5.2B | $4.3B | $963M | +23% |
| Software support revenue | $2.5B | $2.8B | −$292M | -11% |
| Thereof Extension Suite 2 | $681M | $639M | $42.0M | +7% |
| Software licenses revenue | $116M | $183M | −$67.0M | -37% |
| IaaS 2 | $66.0M | $104M | −$38.0M | -37% |
| Cloud and software revenue | $8.5B | $7.9B | $608M | +8% |
| Services Revenue | $1.0B | $1.1B | −$68.0M | -6% |
| Revenue | $9.6B | $9.0B | $542M | +6% |
| Gross profit | $7.0B | $6.6B | $366M | +6% |
| Cost of revenue | $2.6B | $2.4B | $176M | +7% |
| Operating profit | $2.7B | $2.3B | $408M | +17% |
| Operating expenses | $4.2B | $4.3B | −$42.0M | -1% |
| Pre-tax earnings | $2.7B | $2.5B | $278M | +11% |
| Research & development | $1.7B | $1.7B | $28.0M | +2% |
| Sales & marketing | $2.1B | $2.2B | −$95.0M | -4% |
| General & admin | $358M | $358M | $0 | 0% |
| Net earnings | $1.9B | $1.8B | $152M | +9% |
| Minority interests | $14.0M | $16.0M | −$2.0M | -12% |
| Income tax | $800M | $672M | $128M | +19% |
| Depreciation & amortization | $305M | $349M | −$44.0M | -13% |
| Working capital & other | $1.3B | $1.7B | −$375M | -23% |
| Operating cash flow | $3.5B | $3.8B | −$267M | -7% |
Questions
How much did SAP SE's revenue grow year over year in Q1 2026?
SAP SE's revenue rose $542M (+6%) from $9.0B in Q1 2025 to $9.6B in Q1 2026.
What drove SAP SE's revenue change in Q1 2026?
Cloud and software revenue +$608M (+8%); Services Revenue −$68.0M (-6%).