SAP on Oct. 21, 2026, reported third-quarter total revenue of €10.27 billion, up 13% and up 12% at constant currencies. Cloud revenue rose 26% to €6.67 billion, or 25% at constant currencies, and current cloud backlog reached €24.1 billion, up 28% and 26% at constant currencies, according to the company’s results release .

“For the first time, SAP crossed €10 billion in total quarterly revenue and €3 billion of non-IFRS operating profit,” Chief Financial Officer Dominik Asam said. Non-IFRS operating profit was €3.03 billion, up 18%, and the non-IFRS operating margin widened 1.2 points to 29.5%. Free cash flow climbed 36% to €1.72 billion.

Cloud ERP Suite, which made up most of that cloud total, brought in €5.92 billion, up 29% and 28% at constant currencies. Software licenses revenue fell 9% to €147 million and software support revenue fell 5% to €2.43 billion, and SAP expects the support decline to accelerate in the coming years as more customers move to the cloud.…