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SAP Quarterly Statement Q1 2026

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WALLDORF, Germany, April 23, 2026 /PRNewswire/ — SAP SE (NYSE: SAP) announced today its financial results for the first quarter ended March 31, 2026.

Current cloud backlog of €21.9 billion, up 20% and up 25% at constant currenciesCloud revenue up 19% and up 27% at constant currenciesCloud ERP Suite revenue up 23% and up 30% at constant currenciesTotal revenue up 6% and up 12% at constant currenciesIFRS operating profit up 17%, non-IFRS operating profit up 17% and up 24% at constant currencies

Christian Klein, CEO:

We had a strong start to the year, with Current Cloud Backlog growing by 25% and Cloud Revenue up 27% at constant currencies. This performance is supported by our momentum in Business AI as we are already delivering real outcomes for customers today. We are growing faster than the market and are gaining share as customers expand across our Suite and with our AI solutions. At Sapphire, we will show how we are taking the next leap forward.

Dominik Asam, CFO:

We delivered a solid start to the year, supported by disciplined execution in revenue and profitability. At the same time, we have remained focused on managing our cost base and maintaining profitability as we navigate an increasingly complex and uncertain macroeconomic and geopolitical environment.

Group Results at a Glance

First quarter 2026

IFRS

Non-IFRS1

€ million, unless otherwise stated

Q1 2026

Q1 2025

∆ in %

Q1 2026

Q1 2025

∆ in %

∆ in % const. curr.

Current cloud backlog

21,932

18,202

20

25

SaaS/PaaS

5,896

4,890

21

5,896

4,890

21

28

Thereof Cloud ERP Suite2

5,214

4,251

23

5,214

4,251

23

30

Thereof Extension Suite2

681

639

7

681

639

7

12

IaaS2

66

104

–36

66

104

–36

–32

Cloud revenue

5,962

4,993

19

5,962

4,993

19

27

Software licenses revenue

116

183

–37

116

183

–37

–33

Software support revenue

2,469

2,761

–11

2,469

2,761

–11

–6

Cloud and software revenue

8,548

7,938

8

8,548

7,938

8

14

Services Revenue

1,007

1,075

–6

1,007

1,075

–6

–1

Total revenue

9,555

9,013

6

9,555

9,013

6

12

Cloud gross profit

4,450

3,720

20

4,481

3,745

20

26

Cloud gross margin (in %)

74.6

74.5

0.1pp

75.2

75.0

0.2pp

–0.1pp

Gross profit

6,973

6,607

6

7,013

6,632

6

12

Gross margin (in %)

73.0

73.3

–0.3pp

73.4

73.6

–0.2pp

–0.3pp

Operating profit (loss)

2,741

2,333

17

2,867

2,455

17

24

Operating margin (in %)

28.7

25.9

2.8pp

30.0

27.2

2.8pp

2.9pp

Profit (loss) after tax

1,946

1,796

8

2,002

1,681

19

Earnings per share – Basic (in €)

1.66

1.52

9

1.72

1.44

20

Net cash flows from operating activities

3,513

3,780

–7

Free cash flow

3,248

3,583

–9

 

1 For a breakdown of the individual adjustments see table Non-IFRS Operating Expense Adjustments by Functional Areas in this Quarterly Statement.
2 For a definition of Cloud ERP Suite and Extension Suite, see the Performance Management System chapter in the 2025 Integrated Report. For an Explanation of IaaS, SaaS, and PaaS, see the Notes to the Consolidated Financial Statements of the Integrated Report 2025, Note (A.1).

 

Supplementary Information

Financial Results

Cloud revenue growth was positively impacted by several quarter-specific effects, contributing to an expected deceleration of cloud revenue growth in the second quarter.

IFRS and non-IFRS operating profit were supported by a decline of share-based compensation expenses of €135 million.

Operating cash flow and free cash flow were impacted by a payout of €408 million related to the settlement of the Teradata litigation case.  

Share Repurchase Program

In January 2026, SAP announced a new share repurchase program with an aggregate volume of up to €10 billion and a term until December 31, 2027. As of April 1, 2026, the first tranche of the program was completed. By that time, SAP had repurchased 16,280,097 shares at an average price of €161.16 resulting in a purchased volume of approximately €2.6 billion under the program.

Outlook

Financial Outlook

SAP’s financial outlook for the full-year 2026 is based on the assumption of a near-term de-escalation of the conflict in the Middle East and the imminent consolidation of Reltio.

For 2026, SAP continues to expect:

€25.8 – 26.2 billion cloud revenue at constant currencies (2025: €21.02 billion), up 23% to 25% at constant currencies.€36.3 – 36.8 billion cloud and software revenue at constant currencies (2025: €32.54 billion), up 12% to 13% at constant currencies.€11.9 – 12.3 billion non-IFRS operating profit at constant currencies (2025: €10.42 billion), up 14% to 18% at constant currencies.Approximately €10 billion free cash flow at actual currencies (2025: €8.24 billion).An effective tax rate (non-IFRS) of approximately 29% (2025: 30.5%)[1].Constant currencies current cloud backlog growth to slightly decelerate (2025: 25%).

SAP further expects:

Constant currencies total revenue growth in 2026 to remain at similar levels as in 2025 and to accelerate in 2027. The previous outlook assumed constant currencies total revenue growth to accelerate through 2027.Total operating expenses to grow at 80% to 90% of total revenue growth in 2027.Constant currencies software support revenue decline rate to accelerate in the coming years as a consequence of an acceleration of customers transforming to the cloud.

Other impacts due to the evolving situation in the Middle East are currently unknown and could potentially subject our business to materially adverse consequences should the situation continue or even further escalate beyond its current scope.

While SAP’s 2026 financial outlook for the income statement parameters is at constant currencies (including an average exchange rate of 1.13 USD per EUR), actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the company progresses through the year, as reflected in the table below.

Currency Impact Assuming March 31, 2026 Rates Apply for 2026

In percentage points

Q2 2026

FY 2026

Cloud revenue growth

-1.5pp

-1.5pp

Cloud and software revenue growth

-1.0pp

-1.5pp

Operating profit growth (non-IFRS)

-2.0pp

-2.0pp

This includes an exchange rate of 1.15 USD per EUR.

Non-Financial Outlook

For 2026, SAP continues to expect:

Cloud Customer Satisfaction (Cloud CSAT) to be in a range of 75% to 76% (2025: 75%).The Employee Engagement Index to be in a range of 74% to 78% (2025: 76%).The Business Health Culture Index (BHCI) to be in a range of 80% to 82% (2025: 81%).To steadily decrease carbon emissions across the relevant value chain (2025: 3.6 Mt).

Business Highlights

In the first quarter, customers around the globe continued to choose the “RISE with SAP” journey. These customers included: AIR LIQUIDE, Aptiv, Bristol-Myers Squibb, CMS Energy, ConocoPhillips, Diehl Group, Garuda Indonesia, Hyundai Motor EU, ITU (International Telecommunication Union), Nutresa, PayPal, PinkRoccade Local Government, Schweiter Technologies, Thales, Wella.

Adesso, Japan Display, OAKBERRY chose “SAP GROW”.

Carl Zeiss, Helvetia Baloise Group, Hochland, SKF Group chose SAP’s AI and data solutions.

Key customer wins across SAP’s solution portfolio included: Apollo Tyres, Compass Group, Government Service Insurance System, Grupo Comercial Chedraui, Liebherr, Migros, Red Bull, Transport for London.

Alibaba Cloud Computing, ExxonMobil, Fonterra, Norfolk Southern, Samsung Electro-Mechanics, VEKA, Volaris went live on SAP solutions in the first quarter.

In the first quarter, SAP’s cloud revenue performance was particularly strong in APJ and EMEA and solid in the Americas region. Brazil, France, Germany, India, South Korea, Switzerland and the United Kingdom had outstanding performance, while the U.S. were particularly strong.

On February 19, SAP proposed a dividend of €2.50 per share for fiscal year 2025 representing a year-over-year increase of 6.4% compared to the regular dividend paid for fiscal year 2024. The dividend is subject to shareholder approval at the upcoming AGM scheduled for May 5, 2026.

On February 26, SAP announced that it has filed the SAP Annual Report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission (SEC) and published its Integrated Report 2025.

On March 2, SAP announced the creation of the new Customer Value Group, bringing together the Customer Success and Customer Services & Delivery organizations, effective April 1. The Customer Value Group will be led by Thomas Saueressig, whose role expands to Chief Customer Officer. In this capacity, he will oversee the full customer journey, aligning selling, delivery, services and support, driving adoption, renewal and expansion of SAP’s cloud and AI-powered solutions.

On March 27, SAP and Reltio Inc. announced that SAP has agreed to acquire Reltio, a leading master data management (MDM) software provider, to help customers make their SAP and non-SAP enterprise data AI-ready.

Additional Information

This quarterly statement and all information therein are preliminary and unaudited. Due to rounding, numbers may not add up precisely. The Q1 2026 Quarterly Statement can be downloaded from: https://www.sap.com/investors/sap-2026-q1-statement

SAP Annual General Meeting of Shareholders

The Annual General Meeting of Shareholders will take place on May 5, 2026, as a virtual event. The whole event will be webcast on the Company’s website and online voting options will be available for shareholders. Further details can be found at https://www.sap.com/agm .

Financial Analyst and Investor Conference

SAP will hold a financial analyst event on Wednesday, May 13th, 2026, in conjunction with SAP Sapphire & ASUG Annual Conference Orlando.

SAP Performance Measures

For more information about our key growth metrics and performance measures, their calculation, their usefulness, and their limitations, please refer to the following document on our Investor Relations website: https://www.sap.com/investors/en/financial-documents-and-events/reporting-framework.html.

Webcast

SAP senior management will host a financial analyst conference call on Thursday, April 23rd at 11:00 PM (CEST) / 10:00 PM (BST) / 5:00 PM (EDT) / 2:00 PM (PDT). The conference will be webcast on the Company’s website at https://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the first quarter results can be found at https://www.sap.com/investor

About SAP

As a global leader in enterprise applications and business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

For more information, financial community only:

Alexandra Steiger, +49 (6227) 7-767336, investor@sap.com, CET

Follow SAP Investor Relations on LinkedIn at SAP Investor Relations.

For more information, press only:

Marcus Winkler, +46 (6227) 7-67497, marcus.winkler@sap.com, CET

Daniel Reinhardt +49 (6227) 7-40201, daniel.reinhardt@sap.com, CET

For customers interested in learning more about SAP products:

Global Customer Center: +49 180 534-34-24

United States Only: +1 (800) 872-1SAP (+1-800-872-1727)

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2025 Annual Report on Form 20-F.

© 2026 SAP SE. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

[1] The effective tax rate (non-IFRS) is a non-IFRS financial measure and is presented for supplemental informational purposes only. We do not provide an outlook for the effective tax rate (IFRS) due to the uncertainty and potential variability of gains and losses associated with equity securities, which are reconciling items between the two effective tax rates (non-IFRS and IFRS). These items cannot be provided without unreasonable efforts but could have a significant impact on our future effective tax rate (IFRS).

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SOURCE SAP SE

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IMCC Launches “DEEP C” Digital Transformation Program to Advance Operational Excellence

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KUWAIT CITY, April 24, 2026 /PRNewswire/ — International Marine Construction Company (IMCC) has announced the launch of its company-wide corporate transformation program, “DEEP C,” during a launch event held on 20 April 2026, bringing together employees from across the organization under the ethos of “Think New, Act New.”

 

 

The “DEEP C” program marks a significant milestone in IMCC’s evolution, reinforcing its commitment to operational excellence, strengthened governance, and sustainable growth through the adoption of integrated digital systems and data-driven practices.

At the core of the initiative is a structured transformation model built around five strategic pillars — Drive, Enable, Execute, Perform, and Connect — designed to ensure alignment between strategy, execution, and measurable business outcomes across all functions.

The program reflects IMCC’s ambition to embed a forward-looking, performance-driven culture across the organization, enabling more efficient operations, improved decision-making, and greater alignment across its business functions.

Speaking at the launch, Maen Razouqi, Vice Chairman and CEO of IMCC, emphasized the strategic importance of the initiative, stating that the program represents a step-change in how the company operates, with a clear focus on accountability, integration, and measurable outcomes. As Chair of the DEEP C Steering Committee, he reaffirmed IMCC’s commitment to driving this transformation across all levels of the marine sectors and its solutions.                                             .          

He further noted that the program reflects what IMCC stands for as a business, placing our customers and people at the center, driving performance with discipline, and delivering sustainable returns, while strengthening its commitment to all stakeholders, from clients to employees.

Khalid Al-Bustan, Vice Chair of the DEEP C Steering Committee and Head of the Program, highlighted the execution approach, noting that the initiative will enable the business through digital tools, standardized processes, and stronger cross-functional alignment to deliver sustainable results.                             .

He added that, in line with the vision of the Board of Directors the “DEEP C” Transformation Program will support the business in achieving more consistent and measurable outcomes, while ensuring that our customers and people remain at the core of how the organization operates.

As part of IMCC’s broader commitment to environmental, social, and governance (ESG) principles, the “DEEP C” program supports the development of more transparent, efficient, and resilient operations across its activities globally. By enhancing governance standards, strengthening operational performance, and investing in people and systems, the initiative contributes to supporting long-term sustainability and reinforcing regional collaboration within the energy and marine sectors.

The program will be rolled out in phases, supported by a structured governance framework and clear performance metrics to ensure effective implementation and long-term value creation.

The launch of “DEEP C” reflects IMCC’s continued focus on innovation and transformation as it strengthens its position as a leading offshore and marine services provider in the region and globally.

About IMCC

International Marine Construction Company (IMCC), established in 1974, is one of Kuwait’s longest-standing offshore and marine service providers supporting the energy, maritime, and infrastructure sectors.

IMCC delivers integrated offshore and marine solutions, including marine construction, subsea services, offshore logistics, vessel operations, and port and terminal support, backed by strong engineering capability and high operational standards.

With over five decades of experience, IMCC has built a strong regional presence across Kuwait and the GCC, supported by strategic partnerships and a commitment to safety, quality, and performance in all operations.

The company continues to invest in modern assets, digital capabilities, and people to support the evolving needs of the energy and marine sectors.

For more information, please visit:
www.1imcc.com
https://www.linkedin.com/company/international-marine-construction-co-imcc/

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LexisNexis introduces Protégé General AI in Hong Kong, expanding secure, integrated access to general purpose AI for legal professionals

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HONG KONG, April 24, 2026 /PRNewswire/ — LexisNexis® Legal & Professional, a leading global provider of AI‑powered analytics and decision tools, today announced the availability of LexisNexis Protégé™ General AI for customers in Hong Kong. Protégé General AI is available within Lexis+® Hong Kong, expanding the personalised agentic AI capabilities of Protégé to provide secure access to general‑purpose AI within a single platform.

As legal work becomes increasingly AI-powered, Protégé General AI offers a private, encrypted solution that enables legal professionals to conduct a wider range of AI-assisted work without switching tools. With the click of a toggle, users can move seamlessly between Protégé Legal AI and Protégé General AI, allowing them to manage both legal-specific and everyday tasks within a single, secure environment.

Protégé General AI is designed for legal professionals and developed with strong levels of privacy, security, and flexibility. It enables users to conduct general research, explore topics, draft communications intended for both legal and non-legal audiences, and enrich legal work with real-world context, while remaining within the LexisNexis ecosystem ensuring data security and privacy.

General AI responses are supported by web content, and where legal context is relevant, currently grounded through LexisNexis verification capabilities, helping users work with greater confidence across a broader range of tasks.

“Legal professionals in Hong Kong are increasingly looking for ways to use AI across more of their day-to-day work, without compromising privacy or control,” said Michael Sit, Managing Director, Hong Kong and Greater China, LexisNexis. “Protégé General AI brings general-purpose AI and authoritative legal AI together in one secure platform, supporting uninterrupted workflows and more consistent outcomes which is very important for HK based lawyers who are often working across multiple continents and matters.”

By securely integrating Protégé General AI and Protégé Legal AI within Lexis+ Hong Kong, LexisNexis enables legal professionals to choose the appropriate AI experience for each task. Legal-specific work continues to be supported by authoritative LexisNexis legal content, while general-purpose tasks are supported within the same secure platform.

The launch of Protégé General AI in Hong Kong marks an important step in LexisNexis’ continued expansion of its agentic AI platform. Following the April availability, LexisNexis plans to progressively introduce additional Protégé capabilities and enhancements in the second half of the year.

Protégé is developed responsibly with human oversight and is built on the LexisNexis global technology platform, which integrates extractive AI, generative AI, and agentic AI. Customer inputs are not used to train any LLM models, and enterprise-grade security and governance are embedded throughout the platform.

As part of the expanding Protégé experience within Lexis+ Hong Kong, LexisNexis has also introduced Protégé Vault for Hong Kong customers. Vault provides a secure, persistent workspace that allows users to upload, store, and revisit documents over time, supporting analysis, drafting, and comparison tasks grounded in their own firm’s materials.

For more information on LexisNexis Protégé™, visit the official website here.

About LexisNexis Legal & Professional

LexisNexis® Legal & Professional provides AI-powered legal, regulatory, business information, analytics, and workflows that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,900 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.

About RELX

RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £72.5bn | €87.4bn | $91.6bn

 

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SOURCE LexisNexis

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XRP Healthcare: XRPHAI, a Utility Token Rewarding Healthy Actions, to Go Live on MEXC April 27 at 10:00 AM UTC

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DUBAI, UAE, April 24, 2026 /PRNewswire/ — XRP Ledger-powered utility token driving the XRPH AI ecosystem, with XRPHAI Rewards activating April 28 and enhanced rewards for XRPH holders to follow shortly. See the official MEXC announcement: https://www.mexc.com/announcements/article/17827791535042.

 

 

XRP Healthcare, the first AI healthcare platform built on the XRP Ledger, today confirms that $XRPHAI (the “XRPHAI” utility token) will go live for trading on MEXC at 10:00 AM UTC on April 27, 2026, marking the next phase in the evolution of its unified XRPH AI ecosystem. The XRPH AI Rewards system will activate on April 28, enabling users to begin earning rewards for healthy actions within the XRPH AI App through verified participation.

This marks the first time XRPHAI has been made available for trading, with no prior market activity, private sale, or exchange listing. The initial listing on MEXC provides users with first access to the token as it enters the market.

MEXC has recently undertaken a platform-wide rebrand focused on strengthening its global presence and advancing its position among leading digital asset exchanges. Serving over 40 million users across more than 170 countries, the exchange continues to expand its offering through the introduction of new projects and infrastructure designed to support long-term growth.

XRP Healthcare operates as a connected ecosystem where technology, application, and user engagement work together. XRPH serves as the foundational token layer, while XRPHAI operates as the utility token powering rewards within the XRPH AI App. This structure aligns platform activity with real-world healthcare engagement, ensuring scalability and practical use.

XRPHAI enables a system designed to reward verified healthcare participation within the XRPH AI App. Users can earn XRPHAI through AI-guided health interactions, CalmXRPH wellness sessions, image-based health assessments, educational participation and referrals, as well as through use of the XRPH Prescription Savings Card across more than 68,000 pharmacies in the United States, including Walmart, CVS, and Walgreens. This model introduces a practical approach to digital healthcare, linking real engagement with measurable rewards.

The XRPH AI App and XRPH Wallet are designed to operate seamlessly together, allowing users to earn XRPHAI within the app, transfer rewards directly to the wallet, and hold, manage, or utilise those rewards within the broader ecosystem. This integration connects user participation with underlying infrastructure in a single, unified experience.

Following the initial activation of the rewards system, XRP Healthcare expects to introduce an enhanced rewards layer shortly afterwards. This will enable users holding XRPH in the XRPH Wallet to receive increased XRPHAI rewards, directly linking long-term participation and token holding with greater earning potential across the ecosystem.

Global healthcare represents an estimated $10 trillion market, with digital health continuing to expand rapidly. With over 6.8 billion smartphone users worldwide and growing daily, healthcare delivery is increasingly shifting toward accessible, mobile-first platforms, positioning XRP Healthcare at the intersection of artificial intelligence, mobile technology, and real-world healthcare engagement on a global scale.

XRPHAI will be listed on MEXC at 10:00 AM UTC on April 27, 2026. The XRPH AI Rewards system will go live on April 28, ensuring that market trading and price discovery occur first, followed by reward activation aligned with a live market environment.

XRPHAI has a fixed maximum supply of 1,000,000,000 tokens, with the issuing account permanently disabled (commonly referred to as ‘blackholed’) to prevent any additional minting, reinforcing a transparent and finite token structure. Further details are available in the whitepaper: https://www.xrphealthcare.ai/docs/ai/xrph-ai-white-paper.pdf.

At the core of the system is Proof of Health™, a model designed to reward verified AI-driven healthcare engagement through a structured digital rewards system. Powered by XRPHAI and supported by XRPH infrastructure, this model ensures that participation is measurable, meaningful, and aligned with real-world outcomes.

Following its initial listing, XRP Healthcare intends to pursue additional listings on higher-tier exchanges throughout 2026, supporting broader access, increased liquidity, and continued ecosystem growth.

XRP Healthcare continues to focus on expanding its AI-driven healthcare ecosystem, with ongoing development aimed at increasing user engagement, accessibility, and real-world application.

Kain Roomes, Founder and CEO of XRP Healthcare, said:

“We are building a connected healthcare ecosystem where participation, technology, and real-world use come together. XRPHAI enables us to reward meaningful engagement at scale, while maintaining a strong foundation through XRPH.”

Laban Roomes, Co-Founder and Chief Operating Officer of XRP Healthcare, added:

“This has always been about building one ecosystem. XRPH provides the foundation, and XRPHAI introduces a structured way to reward participation within the XRPH AI App. The integration between the app and the wallet ensures users can move seamlessly across the ecosystem while benefiting from their engagement.”

For more information, visit https://www.xrphealthcare.ai/docs/ai/xrph-ai-white-paper.pdf and https://www.xrphealthcare.ai/xrphai-rewards.

About XRP Healthcare

XRP Healthcare is the first AI healthcare platform built on the XRP Ledger, combining artificial intelligence, digital health infrastructure, and blockchain interoperability to expand global access to healthcare services. Through its XRPH AI platform and healthcare infrastructure strategy, the company is building a scalable model that connects digital engagement with real-world healthcare delivery.

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Media Contact
Sarah James
info@xrphealthcare.com

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