SAP Q3 2026: Cloud Backlog Hits €24.1 Billion, Revenue Tops €10 Billion

Cloud growth leads the quarter

SAP SE announced its third quarter 2026 financial results on October 21, 2026. The headline figure is the current cloud backlog of €24.1 billion, which rose 28% at nominal rates and 26% at constant currencies.

Cloud revenue grew 26%, or 25% at constant currencies. Cloud ERP Suite revenue did better still, up 29% and up 28% at constant currencies. Total revenue increased 13%, or 12% at constant currencies.

On profitability, SAP said its IFRS operating profit rose 18% and its non-IFRS operating profit also rose 18%. Both increases applied at nominal and constant currencies.

Milestones and management comments

CFO Dominik Asam highlighted two firsts. "For the first time, SAP crossed €10 billion in total quarterly revenue and €3 billion of non-IFRS operating profit," he said, adding that this reflects "the strength and scalability of our business model." He also pointed to cost discipline combined with cloud momentum as proof that SAP can grow the top and bottom line at the same time.

CEO Christian Klein called Q3 "an outstanding quarter" and tied the result to the company's Autonomous Enterprise strategy. In his words, the strategy "is not just resonating, it is being adopted." He said customers are investing in the technology behind it, from the cloud and data foundation to SAP's Business AI, and that they see Joule Work making "the business case for their transformation more attractive than ever."

Outlook and what it means

SAP also said it is updating its 2026 cloud revenue outlook and its cloud and software revenue outlook. The press release does not give the new ranges in the text provided, and refers readers to the Quarterly Statement for the full results.

For customers and investors, the figures show that demand for SAP's cloud offerings, and in particular its Cloud ERP Suite, continues to drive growth. The backlog is a forward-looking indicator, and its 26% rise at constant currencies suggests the cloud business remains the main engine. SAP's own framing is that AI offerings such as Joule Work are part of why customers commit to its cloud platform, though the release gives no separate figures for AI revenue.