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SAP SE vs Salesforce: SAP and CRM compared
SAP SE is the larger company: $10.3B of revenue in its latest quarter (Q3 2026) against $11.3B for Salesforce (Q2 FY27). SAP SE is growing faster (+13% against +11% a year earlier). SAP SE is more profitable, with an operating margin of 28.5% against 20.5%.
Where the money goes: SAP and CRM
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.
Salesforce (CRM) · Q2 FY27
Salesforce, Q2 FY27: revenue $11.3B (+11% year over year), operating margin 20.5%, net earnings $3.5B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| SAP SE (SAP) | Salesforce (CRM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $10.3B | $11.3B |
| Revenue growth, Y/Y | +13% | +11% |
| Gross margin | 73.1% | 76.7% |
| Operating margin | 28.5% | 20.5% |
| Net earnings | $2.2B | $3.5B |
| Net margin | 21.9% | 31.1% |
| Operating cash flow | $8.6B | $1.3B |
| Free cash flow | — | $1.1B |
| Market value | — | $182.6B |
| P/E | — | 18.9× |
| Analysts’ mean target | — | $287.08 |
Where the revenue comes from
SAP SE
- Cloud and software revenue: $9.2B (90%)
- Services Revenue: $1.0B (10%)
Salesforce
- Subscription and support: $10.8B (95%)
- Professional services and other: $525M (5%)
Questions
Which is bigger, SAP SE or Salesforce?
SAP SE is the larger company: $10.3B of revenue in its latest quarter (Q3 2026) against $11.3B for Salesforce (Q2 FY27).
Is SAP SE or Salesforce growing faster?
SAP SE is growing faster (+13% against +11% a year earlier).
Which is more profitable, SAP SE or Salesforce?
SAP SE is more profitable, with an operating margin of 28.5% against 20.5%.
More: SAP SE earnings · how SAP SE makes money · Salesforce earnings · how Salesforce makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 26, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.