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Revenue by Segment
Breaks down SAP's revenue across different business units, highlighting areas of growth and strategic focus, as well as potential vulnerabilities in specific segments.
SAP’s revenue mix is shifting decisively from declining perpetual licenses/support toward rapidly expanding cloud subscriptions—cloud has been the growth engine since 2021 while Software Licenses & Support steadily contracts and Services stays largely flat. That implies improving recurring-revenue predictability but raises the key investor question: will cloud monetization and operating leverage offset the profitability and cash-flow lost from legacy license declines, given limited services-driven upsell so far?
SAP Revenue by Segment
| Date | Cloud | Services | Software Licenses and Support |
|---|---|---|---|
| Sep 30, 2026 | €6.67B | €1.02B | €2.58B |
| Jun 30, 2026 | €6.28B | €1.03B | €2.57B |
| Mar 31, 2026 | €5.96B | €1.01B | €2.58B |
| Dec 31, 2025 | €5.61B | €1.07B | €3.01B |
| Sep 30, 2025 | €5.29B | €1.06B | €2.73B |
| Jun 30, 2025 | €5.13B | €1.06B | €2.83B |
| Mar 31, 2025 | €4.99B | €1.07B | €2.94B |
| Dec 31, 2024 | €4.71B | €1.11B | €3.56B |
| Sep 30, 2024 | €4.35B | €1.04B | €3.08B |
| Jun 30, 2024 | €4.15B | €1.11B | €3.02B |
| Mar 31, 2024 | €3.93B | €1.08B | €3.03B |
| Dec 31, 2023 | €3.70B | €1.09B | €3.68B |
| Sep 30, 2023 | €3.47B | €1.06B | €3.21B |
| Jun 30, 2023 | €3.32B | €1.05B | €3.19B |
| Mar 31, 2023 | €3.18B | €1.08B | €3.18B |
| Dec 31, 2022 | €3.08B | €1.09B | €3.90B |
| Sep 30, 2022 | €2.99B | €1.07B | €3.42B |
| Jun 30, 2022 | €2.80B | €1.01B | €3.40B |
| Mar 31, 2022 | €2.56B | €968.00M | €3.24B |
| Dec 31, 2021 | €2.61B | €991.00M | €4.38B |
| Sep 30, 2021 | €2.39B | €935.00M | €3.52B |
| Jun 30, 2021 | €2.28B | €919.00M | €3.47B |
| Mar 31, 2021 | €2.15B | €920.00M | €3.28B |
| Dec 31, 2020 | €2.04B | €959.00M | €4.54B |
| Sep 30, 2020 | €1.98B | €992.00M | €3.56B |
| Jun 30, 2020 | €2.04B | €1.03B | €3.67B |
| Mar 31, 2020 | €2.01B | €1.12B | €3.39B |
| Dec 31, 2019 | €1.90B | €1.19B | €4.95B |
| Sep 30, 2019 | €1.79B | €1.16B | €3.84B |
| Jun 30, 2019 | €1.69B | €1.14B | €3.80B |
| Mar 31, 2019 | €1.55B | €1.05B | €3.49B |
| Dec 31, 2018 | €1.41B | €1.11B | €4.91B |
| Sep 30, 2018 | €1.30B | €1.01B | €3.70B |
| Jun 30, 2018 | €1.21B | €1.05B | €3.73B |
| Mar 31, 2018 | €1.07B | €910.00M | €3.28B |
