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Cloud Backlog
Reflects the total value of future cloud service contracts, providing insight into anticipated revenue streams and the strength of customer demand for SAP's cloud offerings.Cloud backlog has grown substantially over the multi‑year trend, bolstering recurring revenue visibility, but the recent sharp one‑quarter drop followed by a record rebound points to lumpiness from deal timing or contract reclassification rather than weakening demand. For investors that means headline backlog growth is supportive, but conversion cadence and large‑deal mix — and their margin impacts — will determine whether that backlog reliably translates into predictable, profitable revenue rather than quarter‑to‑quarter accounting volatility.
Date | Cloud Backlog |
|---|---|
Sep 30, 2026 | €24.14B |
Jun 30, 2026 | €22.93B |
Mar 31, 2026 | €11.86B |
Dec 31, 2025 | €21.05B |
Sep 30, 2025 | €18.84B |
Jun 30, 2025 | €18.10B |
Mar 31, 2025 | €18.20B |
Dec 31, 2024 | €18.08B |
Sep 30, 2024 | €15.38B |
Jun 30, 2024 | €14.81B |