Filing Flows › SAP SE (SAP) › Q2 2026 › vs Q2 2025
SAP SE (SAP) Q2 2026 vs Q2 2025 (year over year)
SAP SE's revenue rose $851M (+9%) from $9.0B in Q2 2025 to $9.9B in Q2 2026. The biggest changes: Cloud and software revenue +$885M (+11%); Services Revenue −$34.0M (-3%). Gross margin 73.2% against 73.3% (-0.2 pts).
SAP SE, Q2 2026: revenue $9.9B (+9% year over year), operating margin 26.8%, net earnings $2.2B, operating cash flow $6.7B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.2% | 73.3% | -0.2 pts |
| Operating margin | 26.8% | 27.2% | -0.5 pts |
| Net margin | 22.1% | 18.8% | +3.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Thereof Cloud ERP Suite 2 | $5.5B | $4.4B | $1.1B | +25% |
| Software support revenue | $2.4B | $2.6B | −$203M | -8% |
| Thereof Extension Suite 2 | $692M | $624M | $68.0M | +11% |
| Software licenses revenue | $131M | $194M | −$63.0M | -32% |
| IaaS 2 | $65.0M | $85.0M | −$20.0M | -24% |
| Cloud and software revenue | $8.9B | $8.0B | $885M | +11% |
| Services Revenue | $1.0B | $1.1B | −$34.0M | -3% |
| Revenue | $9.9B | $9.0B | $851M | +9% |
| Gross profit | $7.2B | $6.6B | $608M | +9% |
| Cost of revenue | $2.6B | $2.4B | $243M | +10% |
| Other income, net | $363M | $46.0M | $317M | +689% |
| Operating profit | $2.6B | $2.5B | $187M | +8% |
| Operating expenses | $4.6B | $4.2B | $421M | +10% |
| Pre-tax earnings | $3.0B | $2.5B | $504M | +20% |
| Research & development | $1.8B | $1.6B | $226M | +14% |
| Sales & marketing | $2.3B | $2.2B | $159M | +7% |
| General & admin | $404M | $361M | $43.0M | +12% |
| Other operating costs | $22.0M | $29.0M | −$7.0M | -24% |
| Net earnings | $2.2B | $1.7B | $483M | +28% |
| Minority interests | $29.0M | $52.0M | −$23.0M | -44% |
| Income tax | $797M | $753M | $44.0M | +6% |
| Depreciation & amortization | $621M | $668M | −$47.0M | -7% |
| Working capital & other | $3.9B | $4.0B | −$127M | -3% |
| Operating cash flow | $6.7B | $6.4B | $309M | +5% |
Questions
How much did SAP SE's revenue grow year over year in Q2 2026?
SAP SE's revenue rose $851M (+9%) from $9.0B in Q2 2025 to $9.9B in Q2 2026.
What drove SAP SE's revenue change in Q2 2026?
Cloud and software revenue +$885M (+11%); Services Revenue −$34.0M (-3%).