SAP Quarterly Statement Q2 2025
WALLDORF, Germany, July 22, 2025
Current cloud backlog of €18.1 billion, up 22% and up 28% at constant currencies
Cloud revenue up 24% and up 28% at constant currencies
Cloud ERP Suite revenue up 30% and up 34% at constant currencies
Total revenue up 9% and up 12% at constant currencies
IFRS operating profit of €2.5 billion; non-IFRS operating profit of €2.6 billion, up 32% and up 35% at constant currencies
Outlook 2025 unchanged
/PRNewswire/ -- SAP SE (NYSE:SAP) announced today its financial results for the second quarter ended June 30, 2025.
Christian Klein, CEO:We have delivered yet another quarter of outstanding results. AI innovations such as Joule becoming available "everywhere and for everything" and SAP Business Data Cloud as a powerful accelerator of AI make our portfolio ever stronger. Enterprise operations are about to enter a new era, and SAP is best positioned to benefit from that evolution.
Dominik Asam, CFO:We achieved a very good Q2, with accelerating total revenue growth, strong profitability and free cash flow. Our performance was supported by continued customer demand and disciplined cost control. As we move into the second half, we remain cautiously optimistic, keeping a close eye on geopolitical developments and public sector trends.
Financial Performance
Group results at a glance, Second quarter 2025
IFRS
Non-IFRS1
€ million, unless otherwise stated
Q2 2025
Q2 2024
∆ in %
Q2 2025
Q2 2024
∆ in %
∆ in % const. curr.
SaaS/PaaS
5,045
4,018
26
5,045
4,018
26
30
Thereof Cloud ERP Suite2
4,422
3,414
30
4,422
3,414
30
34
Thereof Extension Suite3
624
604
3
624
604
3
7
IaaS4
85
135
–37
85
135
–37
–35
Cloud revenue
5,130
4,153
24
5,130
4,153
24
28
Cloud and software revenue
7,966
7,175
11
7,966
7,175
11
14
Total revenue
9,027
8,288
9
9,027
8,288
9
12
Share of more predictable revenue (in %)
86
84
2pp
86
84
2pp
Cloud gross profit
3,833
3,030
26
3,856
3,043
27
31
Gross profit
6,620
6,017
10
6,643
6,029
10
13
Operating profit (loss)
2,456
1,222
>100
2,568
1,940
32
35
Profit (loss) after tax
1,749
918
91
1,747
1,278
37
Earnings per share - Basic (in €)
1.45
0.76
91
1.50
1.10
37
Net cash flows from operating activities
2,577
1,509
71
Free cash flow
2,357
1,288
83
1 For a breakdown of the individual adjustments see table "Non-IFRS Operating Expense Adjustments by Functional Areas" in this Quarterly Statement.
2 Cloud ERP Suite references the portfolio of strategic Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions that are tightly integrated with our core ERP solutions and are included in key commercial packages, such as RISE with SAP. Further, Cloud ERP Suite also includes cloud-based capabilities enabling our customers' ERP landscapes and their cloud transformation. The following offerings contribute to Cloud ERP Suite revenue: SAP Cloud ERP, SAP Business Technology Platform, financial- and spend management, supply chain management, core solutions for human capital management, commerce, business transformation management and AI.
3 Extension Suite references SAP's remaining SaaS and PaaS solutions that supplement and extend the functional coverage of the Cloud ERP ...