Filing Flows › SAP SE (SAP) › Q3 2026 › vs Q2 2026
SAP SE (SAP) Q3 2026 vs Q2 2026 (quarter over quarter)
SAP SE's revenue rose $392M (+4%) from $9.9B in Q2 2026 to $10.3B in Q3 2026. The biggest changes: Cloud and software revenue +$397M (+4%); Services Revenue −$6.0M (-0.6%). Gross margin 73.1% against 73.2% (-0.0 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 73.1% | 73.2% | -0.0 pts |
| Operating margin | 28.5% | 26.8% | +1.8 pts |
| Net margin | 21.9% | 22.1% | -0.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Cloud ERP Suite | $5.9B | $5.5B | $399M | +7% |
| Software support revenue | $2.4B | $2.4B | −$5.0M | -0.2% |
| Extension Suite | $688M | $692M | −$4.0M | -0.6% |
| Software licenses revenue | $147M | $131M | $16.0M | +12% |
| IaaS | $56.0M | $65.0M | −$9.0M | -14% |
| Cloud and software revenue | $9.2B | $8.9B | $397M | +4% |
| Services Revenue | $1.0B | $1.0B | −$6.0M | -0.6% |
| Revenue | $10.3B | $9.9B | $392M | +4% |
| Gross profit | $7.5B | $7.2B | $282M | +4% |
| Cost of revenue | $2.8B | $2.6B | $110M | +4% |
| Other income, net | $72.0M | $363M | −$291M | -80% |
| Operating profit | $2.9B | $2.6B | $287M | +11% |
| Operating expenses | $4.6B | $4.6B | −$5.0M | -0.1% |
| Pre-tax earnings | $3.0B | $3.0B | −$4.0M | -0.1% |
| Research & development | $1.9B | $1.8B | $21.0M | +1% |
| Sales & marketing | $2.3B | $2.3B | −$32.0M | -1% |
| General & admin | $412M | $404M | $8.0M | +2% |
| Other operating costs | $20.0M | $22.0M | −$2.0M | -9% |
| Net earnings | $2.2B | $2.2B | $69.0M | +3% |
| Minority interests | $20.0M | $29.0M | −$9.0M | -31% |
| Income tax | $734M | $797M | −$63.0M | -8% |
| Depreciation & amortization | $333M | $316M | $17.0M | +5% |
| Working capital & other | $662M | −$657M | $1.3B | — |
| Operating cash flow | $1.9B | $3.2B | −$1.2B | -39% |
Questions
How much did SAP SE's revenue grow quarter over quarter in Q3 2026?
SAP SE's revenue rose $392M (+4%) from $9.9B in Q2 2026 to $10.3B in Q3 2026.
What drove SAP SE's revenue change in Q3 2026?
Cloud and software revenue +$397M (+4%); Services Revenue −$6.0M (-0.6%).