Cloud revenue up 22% and up 27% at constant currencies
Cloud ERP Suite revenue up 26% and up 31% at constant currencies
Total revenue up 7% and up 11% at constant currencies
IFRS operating profit up 12%, non-IFRS operating profit up 14% and up 19% at constant currencies
SAP updates its 2025 cloud revenue, operating profit and free cash flow outlook
WALLDORF, Germany, Oct. 22, 2025 /PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for the third quarter ended September 30, 2025.
Christian Klein, CEO:
SAP delivered a great Q3 with strong cloud revenue growth of 27%. We are gaining market share as our customers are adopting solutions across the entire Business Suite, including Business Data Cloud and AI at accelerated pace. For Q4 we are executing against a strong pipeline - which gives us confidence in our accelerating total revenue growth ambition for 2026.
Dominik Asam, CFO:
Q3's strong performance underscores the strength and agility of our model. Through disciplined execution and a sharp focus on profitability and cash flow, we've maintained forward momentum despite an uncertain macroeconomic backdrop. We enter the fourth quarter confident in our ability to deliver on our commitments, as reflected by an improved outlook for operating profit and free cash flow.
Financial Performance
Group results at a glance, Third quarter 2025
IFRS
Non-IFRS1
€ million, unless otherwise stated
Q3 2025
Q3 2024
∆ in %
Q3 2025
Q3 2024
∆ in %
∆ in %const. curr.
SaaS/PaaS
5,212
4,234
23
5,212
4,234
23
28
Thereof Cloud ERP Suite2
4,586
3,636
26
4,586
3,636
26
31
Thereof Extension Suite3
626
598
5
626
598
5
9
IaaS4
78
117
–34
78
117
–34
–31
Cloud revenue
5,290
4,351
22
5,290
4,351
22
27
Cloud and software revenue
8,016
7,429
8
8,016
7,429
8
12
Total revenue
9,076
8,470
7
9,076
8,470
7
11
Share of more predictable revenue (in %)
87
84
2pp
87
84
2pp
Cloud gross profit
3,948
3,184
24
3,972
3,209
24
28
Gross profit
6,671
6,212
7
6,696
6,236
7
11
Operating profit (loss)
2,487
2,214
12
2,566
2,244
14
19
Profit (loss) after tax
2,051
1,441
42
1,852
1,437
29
Earnings per share - Basic (in €)
1.72
1.25
37
1.59
1.23
29
Net cash flows from operating activities
1,502
1,403
7
