SAP Cloud Revenue and Backlog Statistics (2026)

SAP's cloud numbers now drive its growth story, and the current cloud backlog (CCB) is the metric most analysts and program leaders watch to judge how much contracted cloud revenue is ahead. This roundup pulls the reported figures for 2024 through the third quarter of 2026 directly from SAP's quarterly statements and annual filings, with third-party numbers flagged where they appear.

Key takeaways

Current cloud backlog: where it stands

The CCB measures contracted cloud revenue that SAP expects to recognize over the next 12 months. Growth has held in the mid-20s at constant currency for six straight quarters, while reported growth has swung more widely.

• At September 30, 2026, CCB was €24,144 million, against €18,839 million a year earlier. That is up 28% in euros and 26% at constant currency. SAP Q3 2026 statement
• At June 30, 2026, CCB was €22,929 million, up 27% reported and 26% at constant currency. Reltio, acquired in May 2026, added less than one percentage point to the constant-currency rate. SAP Q2 2026 statement
• At March 31, 2026, CCB was €21,932 million. Reported growth was 20%, but constant-currency growth was 25%, a five-point gap caused by currency. SAP Q1 2026 statement
• The Cloud ERP Suite portion of CCB was €5,525 million at June 30, 2026, up 25% reported and 27% at constant currency. SAP Q2 2026 statement
• For Q4 2025, CNBC reported CCB of €21.1 billion, up 16% reported and 25% at constant currency. SAP said large transformational deals with back-loaded cloud ramps, plus termination-for-convenience clauses required by law, cut the constant-currency growth rate by about one point. CNBC, January 2026

Source: SAP Quarterly Statement Q3 2026, October 2026. Values are CCB in € billions. The Q4 2025 point (21.1) is the CNBC figure; we did not retrieve SAP's exact Q4 2025 number, and the 16% reported growth rate implies a value very close to €21.0 billion, so treat the last decimal as unverified. Q1 to Q3 2025 values are from the 2026 statements' prior-year columns.

Source: SAP Quarterly Statement Q4 2025, January 2026 and SAP Q3 2026 statement. Constant-currency CCB growth by quarter.

Cloud revenue: the recognized side

Cloud revenue is what the backlog turns into. Growth has been strongest in the Cloud ERP Suite, which SAP reports separately.

• Q3 2026 cloud revenue was €6,668 million, up 26% reported and 25% at constant currency, from €5,290 million a year earlier. SAP Q3 2026 statement
• Q3 2026 Cloud ERP Suite revenue was about €5.92 billion, up 29% reported and 28% at constant currency. WebProNews, October 2026
• On a third-party analysis of the Q3 call, the Cloud ERP Suite accounted for 89% of total cloud revenue. Investing.com call transcript, October 2026
• For the first nine months of 2026, cloud revenue was €18,911 million, up 23% reported and 25% at constant currency. SAP Q3 2026 statement
• Reported quarterly growth varied: 19% in Q1 2026 (27% at constant currency), 22% in Q2 (24%), and 26% in Q3 (25%). SAP Q1 2026 statement and SAP Q2 2026 statement

Source: SAP Quarterly Statement Q3 2026, October 2026, with Q1 to Q2 2026 values from the Q1 2026 statement and Q2 2026 statement. Values are reported cloud revenue in € millions. Q4 2025 from the Q4 2025 statement.

Source: SAP Quarterly Statement Q3 2026, October 2026 and SAP Recent Results, October 21, 2026. Q3 2026 year-over-year growth at constant currency. Bars are scaled to the largest value (28%).

Full-year baseline: 2024 and 2025

The full-year figures show how the base has grown. The 2025 cloud revenue figure was the first to pass €21 billion.

• In 2024, cloud revenue was €17.14 billion, up 25% reported and 26% at constant currency. SAP Q4 and FY 2024 results, January 2025
• At the end of 2024, CCB was €18.08 billion, up 32% reported and 29% at constant currency. SAP Q4 and FY 2024 results, January 2025
• At December 31, 2024, total cloud backlog was €63.29 billion, up 43% reported and 40% at constant currency. SAP Form 20-F, FY2024
• In 2025, cloud revenue reached €21.02 billion, up 23% reported and 26% at constant currency. Cloud ERP Suite revenue was €18.12 billion, up 28% reported and 32% at constant currency. SAP Q4 2025 statement, January 2026
• At December 31, 2025, total cloud backlog was €77.29 billion, up 22% reported and 30% at constant currency. SAP Q4 2025 statement, January 2026
• Software license revenue fell to €0.99 billion in 2025, down 29% reported and 27% at constant currency. Subscription revenue rose 22% to €21.33 billion. SAP Q4 2025 statement, January 2026
• Full-year 2025 constant-currency CCB growth was 25%, against 29% in 2024. The 20-F reports 27% for 2023. SAP Form 20-F, FY2025 and SAP Form 20-F, FY2024

Source: SAP Q4 and FY 2024 results, January 2025, SAP Q4 2025 statement, January 2026, and WebProNews, October 2026 for the outlook range. Values in € billions. The 2026 bar is guidance, not a reported result.

Source: SAP Form 20-F, FY2024 and SAP Quarterly Statement Q4 2025, January 2026. Total cloud backlog is a broader measure than CCB and is not the same figure.

Source: SAP Quarterly Statement Q4 2025, January 2026. Full-year 2025 growth at constant currency. Bars are scaled to the largest value (32%).

Source: SAP Form 20-F, FY2025. Annual current cloud backlog growth at constant currency. The 2023 value comes from the FY2024 20-F.

The 2026 outlook

SAP reaffirmed its 2026 outlook in the Q3 statement, with cloud revenue now expected toward the upper end of its range.

• Cloud revenue is guided to €25.8 to €26.2 billion at constant currency. SAP now expects the upper end. WebProNews, October 2026
• Cloud and software revenue is guided to €36.3 to €36.8 billion at constant currency, up 12% to 13%. WebProNews, October 2026
• SAP expects constant-currency CCB growth to slow slightly from the 25% it recorded in 2025. SAP Q3 2026 statement
• Free cash flow is guided at about €10 billion, and non-IFRS operating profit at €11.8 to €12.2 billion. SAP Recent Results, October 2026
• The CCB outlook assumes a stable macroeconomic environment in the fourth quarter. SAP Recent Results, October 2026

Margins and the cost of AI

Cloud margins are where the AI investment shows up. The sources differ on the Q3 2026 figure, so both bases are shown.

• The full-year 2024 cloud gross margin (non-IFRS) was 73.3%, up 1.4 points at constant currency. SAP Form 20-F, FY2024
• Q3 2026 non-IFRS cloud gross margin was 74.3%, down 0.7 points. A third-party summary attributed the decline to AI investments and higher hardware costs. BigGo Finance summary, October 2026
• A different third-party summary put Q3 2026 cloud gross margin at 73.9%, down from 74.6%. That matches the IFRS basis, not the non-IFRS basis. Stocktitan summary, October 2026
• In SAP's own Q3 table, IFRS cloud gross profit for the quarter was €4,930 million and non-IFRS was €4,956 million, on €6,668 million of cloud revenue. SAP Q3 2026 statement
• For the first nine months of 2026, cloud gross profit (IFRS) was €14,044 million, up 22%. SAP Q3 2026 statement

Source: Investing.com call transcript, October 2026 (89% Cloud ERP share, third-party) and SAP Form 20-F, FY2024 (73.3% margin).

Volatility and risk signals

The backlog numbers have moved the stock as much as the revenue numbers have. These are the signals practitioners should track.

• After the Q4 2025 release, SAP shares fell as much as 16% in one session. The drop was the largest one-day fall since October 2020. CNBC, January 2026
• Before that report, SAP's CEO had said that 25% CCB growth would be a disappointment. Q4 2025 came in at 25% at constant currency. ASUG, January 2026
• Reltio, first consolidated in Q2 2026, contributed less than one point to constant-currency CCB growth. It was completed on May 7, 2026. SAP Q2 2026 statement and InsiderFinance, July 2026
• Q3 2026 cloud revenue came in above the analyst median of €6.575 billion. iTechGuides, October 2026

RISE with SAP and the ECC migration signal

SAP's quarterly statements that we reviewed do not report a RISE with SAP customer count, so the figures below come from third parties. They do not agree with each other.

• A broker overview from October 2024 cited 6,000 RISE with SAP commitments for S/4HANA migration. H.L. SAP Industry Overview, October 2024
• A 2026 market compilation reported 8,500 cumulative RISE customers by May 2025, attributed to SAP. We could not trace that figure to an SAP primary document. Quantumrun, 2026
• A separate 2026 market research summary put RISE adoption at more than 10,000 customers as of early 2026. WMS SPL citing Dataintelo, 2026
• The same compilation cites Gartner data (via a secondary firm) that about 37% of SAP ECC customers had bought or subscribed to S/4HANA licenses as of Q2 2024. Treat this as a secondary citation. Quantumrun, 2026

Because the RISE counts range from 6,000 to more than 10,000 depending on the source and date, we do not recommend using any single figure in a board deck without checking the primary source first.

What this means for your sign-off

These are our readings of the numbers above, not SAP guidance. They are aimed at test managers, Testing CoE leads and program directors who sign off on ECC to S/4HANA moves.

• Tie the sign-off date to the contract, not the marketing cycle. The backlog figures show that SAP is pulling multi-year cloud commitments forward. Confirm your contracted go-live and maintenance dates against your RISE terms. The RISE with SAP testing responsibilities guide covers where testing ownership sits in that contract.
• Plan for Cloud ERP Suite scope. Most cloud revenue now comes from the Cloud ERP Suite, so the S/4HANA Cloud and BTP surface is where your regression and integration risk will concentrate.
• Expect AI features in every release. SAP's margin commentary ties cloud costs to AI investment, which means more AI-driven capabilities arriving in the same release cycle you test. Use the SAP AI practitioner guide to set your acceptance criteria for AI features.
• Use the ECC clock to set your funding case. Mainstream maintenance dates drive vendor pricing leverage. Read the ECC end-of-maintenance timeline before you commit test capacity.
• Do not treat backlog growth as a quality signal. Growth figures measure sales and contract timing. They say nothing about how stable a release is, so build your own evidence through the S/4HANA migration numbers your program tracks.
• Check currency before you share a percentage. The gap between reported and constant-currency growth reached five points in Q1 2026. Quote both figures, and link to the SAP statement, when you present to finance.

Frequently asked questions

What was SAP's current cloud backlog at the end of Q3 2026?

It was €24.1 billion at September 30, 2026, up 28% in euros and 26% at constant currency. SAP Q3 2026 statement

How fast is SAP's cloud revenue growing?

Q3 2026 cloud revenue rose 26% to €6.67 billion, or 25% at constant currency. For the first nine months, growth was 23% reported and 25% at constant currency. SAP Q3 2026 statement

What is the difference between current cloud backlog and total cloud backlog?

CCB covers contracted cloud revenue expected in the next 12 months. Total cloud backlog is broader. It stood at €77.29 billion at December 31, 2025. SAP Q4 2025 statement, January 2026

Has SAP's constant-currency backlog growth slowed?

Yes, modestly. It was 25% in 2025 and 26% in each of the second and third quarters of 2026, and SAP expects a slight deceleration for the full year 2026. SAP Q3 2026 statement

How many RISE with SAP customers are there?

SAP's primary statements we reviewed do not publish a count. Third-party estimates range from 6,000 commitments in October 2024 to more than 10,000 customers in early 2026, so the figure should be verified before use. H.L. SAP Industry Overview, October 2024

Why did SAP shares fall after the Q4 2025 results?

Shares fell as much as 16% after CCB growth came in at 25% at constant currency, below the 26% analysts had expected. Large deals with back-loaded revenue ramps and legally required termination clauses reduced growth by about one point. CNBC, January 2026

Sources

1. SAP Quarterly Statement Q3 2026, SAP, October 21, 2026
2. SAP Recent Results: Q3 2026 Financial Results, SAP Investor Relations, October 2026
3. SAP Quarterly Statement Q2 2026, SAP, July 2026
4. SAP Quarterly Statement Q1 2026, SAP, 2026
5. SAP Quarterly Statement Q4 2025, SAP via Nasdaq, January 29, 2026
6. Fourth Quarter and Full-Year 2025 Results presentation, SAP, January 2026
7. SAP SE Form 20-F, FY2025, SEC, 2026
8. SAP SE Form 20-F, FY2024, SEC, 2025
9. SAP Announces Q4 and FY 2024 Results, SAP News Center, January 28, 2025
10. SAP Announces Q4 and FY 2024 Results, PR Newswire, January 28, 2025
11. SAP Quarterly Statement Q2 2026, PR Newswire, July 2026
12. SAP shares see biggest drop since 2020 after fourth-quarter cloud contract growth disappoints, CNBC, January 29, 2026
13. Q4 and FY 2025: SAP Delivers Record Cloud Growth, ASUG, January 2026
14. Earnings call transcript: SAP tops Q3 2026 estimates, Investing.com, October 2026
15. SAP Tops €10 Billion in Quarterly Revenue for the First Time, WebProNews, October 2026
16. SAP Q3 2026 Results: Cloud Revenue €6.67B, Backlog €24.1B, iTechGuides, October 2026
17. SAP Q3 2026 Earnings Call summary, BigGo Finance, October 2026
18. SAP Quarterly Statement Q3 2026 summary, Stocktitan, October 2026
19. SAP Q2 2026 Earnings Show Cloud Strength Amid Trim, InsiderFinance, July 2026
20. SAP Industry Overview and Insights, H.L., October 2024 (secondary)
21. SAP Statistics 2026, Quantumrun, 2026 (secondary; cites Gartner and SAP without primary links)
22. SAP S/4HANA Adoption Rate by Region, WMS SPL, 2026 (secondary; cites Dataintelo)

Last updated: November 5, 2026. Statistics are refreshed as new research is published.