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Source document· January 29, 2026

SAP Quarterly Statement Q4 2025

View original at finance.yahoo.com
SAP Quarterly Statement Q4 2025 SAP meets revenue and exceeds non-IFRS operating profit and free cash flow outlook for FY2025 Total cloud backlog up 22% and up 30% at constant currencies Current cloud backlog up 16% and up 25% at constant currencies Cloud revenue up 23% and up 26% at constant currencies in FY2025 Cloud…
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  • Closed 2025 on a high note, delivering strong operating profit and free cash flow ahead of expectations

    80% confidence

  • Significant Current Cloud Backlog growth in Q4 has laid a strong foundation for accelerating Total Revenue growth through 2027

    80% confidence

  • Q4 was a strong cloud quarter, with bookings resulting in 30% Total Cloud Backlog growth to a record 77 billion Euros

    80% confidence

  • 2026 cloud revenue expected to be €25.8-26.2 billion at constant currencies, up 23% to 25%

    80% confidence

  • Total operating expenses expected to grow at 80% to 90% of total revenue growth in 2027

    80% confidence

  • 2026 free cash flow expected to be approximately €10 billion at actual currencies

    80% confidence

  • 2026 non-IFRS operating profit expected to be €11.9-12.3 billion at constant currencies, up 14% to 18%

    80% confidence

  • 2026 cloud and software revenue expected to be €36.3-36.8 billion at constant currencies, up 12% to 13%

    80% confidence

  • SAP Business AI has become a main driver for growth as it was included in two thirds of Q4 cloud order entry

    80% confidence

  • Constant currency total revenue growth expected to accelerate through 2027

    80% confidence

  • Strategy and operational discipline will continue to drive long-term value creation

    80% confidence

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SAP Quarterly Statement Q4 2025 — Source | Via News | pt.VIA.NEWS