Finance
Sap Shares Set for Biggest Daily Drop Since 2020
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
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Company
Published by Global Banking & Finance Review®
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Add as preferred source on GoogleSAP shares dropped over 10% due to cloud revenue concerns, marking the largest decline since 2020 and impacting market value significantly.
MILAN, Jan 29 (Reuters) - Shares in Europe's largest software maker SAP were set for their steepest daily fall since October 2020 on Thursday, down over 10% after results failed to stem a slide that has wiped around $150 billion off its market value from its 2025 peak.
The German group reported fourth-quarter revenue that met market estimates, though its cloud backlog and 2026 cloud revenue forecast missed expectations.
"SAP needed an all-round acceleration to fight the trough sector sentiment, and with puts and takes in the update we see shares underperforming," said Citi analyst Balajee Tirupati.
Like other software makers in Europe and on Wall Street, SAP has been dragged by growing fears of AI disruption.
By 0852 GMT, the stock was down 11% after earlier hitting its lowest level since June 2024.
(Reporting by Danilo Masoni, editing by Alun John)
Market capitalisation refers to the total market value of a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.
Cloud revenue is the income generated from services provided over the internet, such as software, storage, and infrastructure, typically offered on a subscription basis.
A financial performance report is a document that summarizes a company's financial results over a specific period, including revenues, expenses, and profits.
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