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How SAP SE (SAP) makes money
SAP SE (SAP) made $10.3B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Cloud and software revenue brought in $9.2B (90%); Services Revenue brought in $1.0B (10%). Of every dollar of revenue, 73¢ was left as gross profit, 29¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Cloud and software revenue | $9.2B | 90.1% | — | +15% |
| ↳ Thereof Cloud ERP Suite 2 | $5.9B | 57.7% | — | +29% |
| ↳ Software support revenue | $2.4B | 23.7% | — | -5% |
| ↳ Thereof Extension Suite 2 | $688M | 6.7% | — | +10% |
| ↳ Software licenses revenue | $147M | 1.4% | — | -9% |
| ↳ IaaS 2 | $56.0M | 0.5% | — | -28% |
| Services Revenue | $1.0B | 9.9% | — | -4% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $10.3B | 100.0% |
| Cost of revenue | $2.8B | 26.9% |
| Gross profit | $7.5B | 73.1% |
| Operating expenses | $4.6B | 44.6% |
| Operating profit | $2.9B | 28.5% |
| Income tax | $734M | 7.1% |
| Net earnings | $2.2B | 21.9% |
| Operating cash flow | $8.6B | 83.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $10.3B | +13% |
From SAP SE's 6-K filed Oct 26, 2026 (on EDGAR).
Questions
How does SAP SE make money?
SAP SE (SAP) made $10.3B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Cloud and software revenue brought in $9.2B (90%); Services Revenue brought in $1.0B (10%). Of every dollar of revenue, 73¢ was left as gross profit, 29¢ was left as operating profit, 22¢ was left as net earnings.
What is SAP SE's biggest business?
Cloud and software revenue: $9.2B in the third quarter 2026, 90% of revenue, +15% from a year earlier.
What is SAP SE's profit margin?
Net earnings were $2.2B, 21.9% of revenue, in the third quarter 2026; the operating margin was 28.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.