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SAP SE vs Adobe: SAP and ADBE compared

SAP SE is the larger company: $10.3B of revenue in its latest quarter (Q3 2026) against $6.8B for Adobe (Q3 FY26). SAP SE is growing faster (+13% against +13% a year earlier). Adobe is more profitable, with an operating margin of 34.8% against 28.5%.

SAP SE vs Adobe, latest quarterSAP SE vs Adobe, latest quarterSAP SE (SAP)Adobe (ADBE)Revenue$10.3B$6.8BRevenue growth, Y/Y+13%+13%Gross margin73.1%88.7%Operating margin28.5%34.8%Net margin21.9%27.0%

Where the money goes: SAP and ADBE

SAP SE (SAP) · Q3 2026

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.

Adobe (ADBE) · Q3 FY26

Adobe, Q3 FY26: revenue $6.8B (+13% year over year), operating margin 34.8%, net earnings $1.8B, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.

SAP SE revenue by segment, Q3 2026SAP SE revenue by segment, Q3 2026Cloud and software revenue$9.2BServices Revenue$1.0B
Adobe revenue by segment, Q3 FY26Adobe revenue by segment, Q3 FY26Subscription$6.6BServices and other$111MProduct$67.0M
SAP SE (SAP)Adobe (ADBE)
Latest quarterQ3 2026Q3 FY26
Revenue$10.3B$6.8B
Revenue growth, Y/Y+13%+13%
Gross margin73.1%88.7%
Operating margin28.5%34.8%
Net earnings$2.2B$1.8B
Net margin21.9%27.0%
Operating cash flow$8.6B$2.5B
Free cash flow—$2.4B
Market value—$97.5B
P/E—13.8×
Analysts’ mean target—$267.00

Where the revenue comes from

SAP SE

Adobe

Questions

Which is bigger, SAP SE or Adobe?

SAP SE is the larger company: $10.3B of revenue in its latest quarter (Q3 2026) against $6.8B for Adobe (Q3 FY26).

Is SAP SE or Adobe growing faster?

SAP SE is growing faster (+13% against +13% a year earlier).

Which is more profitable, SAP SE or Adobe?

Adobe is more profitable, with an operating margin of 34.8% against 28.5%.

More: SAP SE earnings · how SAP SE makes money · Adobe earnings · how Adobe makes money

From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 26, 2026; 10-Q filed Sep 22, 2026). Fiscal quarters can end on different dates. Not investment advice.