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SAP SE (SAP) Q3 2026 earnings results (third quarter 2026)
6-K filed Oct 26, 2026
SAP SE (SAP) reported revenue of $10.3B for the third quarter 2026 (Q3 2026), +13% from a year earlier. Operating margin was 28.5%, net earnings $2.2B (21.9% of revenue).
SAP SE, Q3 2026: revenue $10.3B (+13% year over year), operating margin 28.5%, net earnings $2.2B, operating cash flow $8.6B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3B | — | +13% |
| Gross profit | $7.5B | — | +13% |
| Operating profit | $2.9B | — | +18% |
| Net earnings | $2.2B | — | +12% |
| Operating cash flow | $8.6B | — | +9% |
What changed
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.
Questions
What was SAP SE's revenue in the third quarter 2026?
SAP SE (SAP) reported revenue of $10.3B for the third quarter 2026 (Q3 2026), +13% from a year earlier.
Was SAP SE profitable in the third quarter 2026?
Operating profit was $2.9B (28.5% of revenue) and net earnings $2.2B.
Source: SAP SE 6-K on SEC EDGAR.