SAP SE announced its financial results for the first quarter of 2026.
At a glance
- Current cloud backlog of €21.9 billion, up 20% and up 25% at constant currencies
- Cloud revenue up 19% and up 27% at constant currencies
- Cloud ERP Suite revenue up 23% and up 30% at constant currencies
- Total revenue up 6% and up 12% at constant currencies
- IFRS operating profit up 17%, non-IFRS operating profit up 17% and up 24% at constant currencies
Christian Klein, CEO:
“We had a strong start to the year, with Current Cloud Backlog growing by 25% and Cloud Revenue up 27% at constant currencies. This performance is supported by our momentum in Business AI as we are already delivering real outcomes for customers today. We are growing faster than the market and are gaining share as customers expand across our Suite and with our AI solutions. At Sapphire, we will show how we are taking the next leap forward.”
Dominik Asam, CFO:
“We delivered a solid start to the year, supported by disciplined execution in revenue and profitability. At the same time, we have remained focused on managing our cost base and maintaining profitability as we navigate an increasingly complex and uncertain macroeconomic and geopolitical environment.”
