Business

SAP Passes €10 Billion in Quarterly Revenue as Cloud Backlog Reaches €24.1 Billion

SAP crossed €10 billion in quarterly revenue for the first time. Cloud backlog rose 26% at constant currencies, while cloud revenue guidance moves toward the top of its range.

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Oct 22, 2026 - 07:18

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SAP hybrid-office photography used as a company illustration, not a photograph of the results presentation. Image: SAP.

SAP Passes €10 Billion in Quarterly Revenue as Cloud Backlog Reaches €24.1 Billion

SAP crossed €10 billion in total quarterly revenue for the first time in the third quarter, supported by continued expansion in its cloud business. Current cloud backlog reached approximately €24.1 billion, while management pointed to the upper end of its existing cloud and cloud-and-software revenue outlook ranges.

The company’s release reports total revenue growth of 13%, or 12% at constant currencies. Cloud revenue increased 26% as reported and 25% at constant currencies. Those are different measures and should not be used interchangeably.

Backlog points to contracted future work

Current cloud backlog grew 28% on a reported basis and 26% at constant currencies. It is a measure of contracted cloud business expected to become revenue, not money already recognized in the quarter.

Reuters reported quarterly cloud revenue of about €6.67 billion and non-IFRS operating profit of about €3.03 billion. SAP said non-IFRS operating profit rose 18%, crossing the €3 billion quarterly threshold for the first time.

A more confident revenue view, not a higher profit range

The company’s updated stance places full-year cloud revenue and combined cloud-and-software revenue toward the upper end of their outlook ranges. Reuters reported that the annual non-IFRS operating-profit outlook remains €11.8 billion to €12.2 billion at constant currencies.

That distinction prevents a stronger revenue signal from being mistaken for an increase to every financial target. The non-IFRS profit measure also reflects company-defined adjustments rather than being identical to IFRS operating profit.

Management links demand to its cloud platform, data foundation and Business AI strategy. The results establish reported financial performance; future adoption and the eventual full-year outcome remain subject to the risks and assumptions in SAP’s outlook.