Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > SAP meets Q4 revenue forecasts, cloud demand resilient

SAP meets Q4 revenue forecasts, cloud demand resilient

Published by Global Banking and Finance Review

Posted on January 29, 2026

2 min read

Last updated: January 29, 2026

Moldovan anti-government protests funded by Ilan Shor - Global Banking & Finance Review — The image illustrates the ongoing anti-government protests in Moldova, where fugitive tycoon Ilan Shor offers $3,000 monthly to participants. This controversial move aims to destabilize the pro-European government ahead of elections.

Tags:Cloud Financial performance revenue technology

Quick Summary

SAP's Q4 revenue met forecasts with strong cloud demand, indicating stable enterprise spending despite a cooling global economy.

SAP meets Q4 revenue forecasts, cloud demand resilient

SAP's Fourth Quarter Financial Performance

Jan 29 - SAP on Thursday reported fourth-quarter revenue that met market estimates, as resilient demand for its cloud software and services suggested enterprise spending held up despite a cooling global economy.

Revenue and Growth Projections

SAP also announced a two-year buyback program worth up to 10 billion euros.

Cloud Revenue Insights

The company reported total revenue of 9.7 billion euros ($11.6 billion) for the quarter, in line with a company-compiled consensus.

Buyback Program Announcement

Cloud revenue for the fourth quarter came in at 5.6 billion euros versus a consensus of 5.5 billion euros.

SAP expects cloud revenue to grow between 23% and 25% in 2026 to between 25.8 billion euros and 26.2 billion euros.

The company also projects cloud and software revenue of 36.3 billion euros to 36.8 billion euros, growing 12% to 13% while operating profit is expected to climb by 14% to 18% to 11.9 billion euros to 12.3 billion euros.

The enterprise software maker anticipates free cash flow of approximately 10 billion euros for the year with its effective tax rate expected to improve to around 29% from 30.4%.

SAP said current cloud backlog growth will slightly decelerate in 2026 after posting 25% growth in 2025, though it expects total revenue growth to accelerate through 2027 as more customers migrate to cloud-based solutions.

($1 = 0.8341 euros)

(Reporting by Leo Marchandon and Tristan Veyet in Gdansk; Editing by Matt Scuffham)

Key Takeaways

•SAP's Q4 revenue met market estimates.
•Cloud revenue surpassed consensus expectations.
•Enterprise spending remains stable.
•Global economic conditions are cooling.
•SAP reported 9.7 billion euros in total revenue.

Frequently Asked Questions about SAP meets Q4 revenue forecasts, cloud demand resilient

1What is cloud computing?

Cloud computing refers to the delivery of computing services over the internet, allowing users to access and store data and applications on remote servers instead of local computers.

2What is revenue?

Revenue is the total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.

3What is enterprise spending?

Enterprise spending refers to the financial investments made by large organizations in various areas such as technology, infrastructure, and services to support their operations and growth.

4What is financial performance?

Financial performance is a measure of how well a company is generating revenue and managing its expenses, often assessed through metrics like profit margins and return on investment.

SAP's Fourth Quarter Financial Performance

Revenue and Growth Projections

SAP also announced a two-year buyback program worth up to 10 billion euros.

Cloud Revenue Insights

The company reported total revenue of 9.7 billion euros ($11.6 billion) for the quarter, in line with a company-compiled consensus.

Buyback Program Announcement

Cloud revenue for the fourth quarter came in at 5.6 billion euros versus a consensus of 5.5 billion euros.

SAP expects cloud revenue to grow between 23% and 25% in 2026 to between 25.8 billion euros and 26.2 billion euros.

The enterprise software maker anticipates free cash flow of approximately 10 billion euros for the year with its effective tax rate expected to improve to around 29% from 30.4%.

($1 = 0.8341 euros)

(Reporting by Leo Marchandon and Tristan Veyet in Gdansk; Editing by Matt Scuffham)

Frequently Asked Questions

1What is cloud computing?

Cloud computing refers to the delivery of computing services over the internet, allowing users to access and store data and applications on remote servers instead of local computers.

2What is revenue?

Revenue is the total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.

3What is enterprise spending?

Enterprise spending refers to the financial investments made by large organizations in various areas such as technology, infrastructure, and services to support their operations and growth.

4What is financial performance?

Financial performance is a measure of how well a company is generating revenue and managing its expenses, often assessed through metrics like profit margins and return on investment.