SAP crosses €10 billion quarterly revenue as Joule AI agents drive cloud backlog to record
SAP Q3 2026 earnings hit a historic milestone: the German software maker crossed 10 billion euros in quarterly revenue for ...
Analysis updated on Nov. 3, 2026 (UTC) · Total · absolute moveSwitch to Alpha · NYSE
Our AI scores Sap Se every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Sap Se is a mega-cap company with a market capitalization of $287.00B. It ranks number 4 by market capitalization among the 60 Services-Prepackaged Software issuers in our coverage with a current forecast.
For SAP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 12.0%, measured on 358 forecast dates between 2022-08-16 and 2026-08-05 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-08-16 and 2026-10-02. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.3%, sell < +1.7%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-30 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, SAP included.
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Prepackaged Software peers listed below that report each metric. Statement values were filed in EUR and are shown converted to USD (flows at the trailing twelve-month average rate, balances at the balance-sheet date rate).
| Metric | SAP | Rank |
|---|---|---|
| Market Cap | $287.00B | 4/60 |
| P/E Ratio | 12.98x | 37/39 |
| EPS | $18.00 | – |
| Revenue/Share | $122.72 | – |
| Metric | SAP | Rank |
|---|---|---|
| ROE | 42.0% | 8/45 |
| ROA | 26.6% | 2/47 |
| ROIC | 46.7% | 3/53 |
| Gross Margin | 72.3% | 37/55 |
| Operating Margin | 18.6% | 22/58 |
| Net Margin | 14.1% | 26/49 |
| EBT Margin | 17.6% | 21/58 |
| Tax Rate | 32.7% | – |
| Metric | SAP | Rank |
|---|---|---|
| Current Ratio | 1.16x | 40/57 |
| D/E Ratio | 0.57x | 34/52 |
| Financial Leverage | 1.58x | 32/51 |
| Working Capital | $3.34B | 8/57 |
| Metric | SAP | Rank |
|---|---|---|
| Operating Cash Flow | $29.86B | 3/58 |
| OCF Growth YoY | 24.2% | 32/51 |
| Metric | SAP | Rank |
|---|---|---|
| Asset Turnover | 1.89x | 1/49 |
| Receivables Turnover | 19.9x | 6/49 |
| Days Sales Outstanding | 18 days | 44/49 |
| Payables Period | 24 days | 27/52 |
| Metric | SAP | Rank |
|---|---|---|
| Total Revenue | $150.76B | 2/52 |
| Operating Income | $28.03B | 2/58 |
| Net Income | $21.20B | 2/49 |
| R&D Expense | $29.05B | 2/58 |
| Cost of Goods Sold | $41.74B | 2/56 |
| Metric | SAP | Rank |
|---|---|---|
| Shares Outstanding | 1228M | – |
| Net Income Growth | 5.1% | 23/31 |
| EPS Growth | 5.9% | 27/36 |
| Total Current Assets | $23.79B | |
| Cash & Short-term Investments | $9.66B | |
| Accounts Receivable | $7.84B | |
| Total Liabilities | $29.71B | |
| Short-term Debt | $17.60B |
Companies classified under the same SEC industry code as Sap Se (Services-Prepackaged Software): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Total) | Market Cap |
|---|---|---|
| SAP Sap Se | $287.00B | |
| MSFT Microsoft Corp | $3.77T | |
| PLTR Palantir Technologies Inc. | $428.53B | |
| ORCL Oracle Corp | $360.49B | |
| CRWD Crowdstrike Holdings, Inc. | $247.60B | |
| SHOP Shopify Inc. | $201.00B | |
| CRM Salesforce, Inc. | $186.15B | |
| NET Cloudflare, Inc. | $98.68B | |
| ADBE Adobe Inc. | $97.87B | |
| CDNS Cadence Design Systems Inc | $89.69B | |
| SNPS Synopsys Inc | $89.32B | |
| DDOG Datadog, Inc. | $84.48B | |
| NTES Netease, Inc. | $73.99B | |
| ADSK Autodesk, Inc. | $53.90B | |
| VEEV Veeva Systems Inc | $49.71B | |
| TEAM Atlassian Corp | $47.36B | |
| XYZ Block, Inc. | $45.79B | |
| OKTA Okta, Inc. | $36.40B | |
| TTWO Take Two Interactive Software Inc | $35.92B | |
| TWLO Twilio Inc | $31.88B | |
| RBLX Roblox Corp | $30.71B | |
| CRWV Coreweave, Inc. | $27.66B | |
| MDB Mongodb, Inc. | $26.62B | |
| RBRK Rubrik, Inc. | $23.77B | |
| PTC Ptc Inc. | $21.22B | |
| SSNC Ss&C Technologies Holdings Inc | $19.14B | |
| GEN Gen Digital Inc. | $17.89B | |
| NTNX Nutanix, Inc. | $17.43B | |
| TYL Tyler Technologies Inc | $16.15B | |
| CHKP Check Point Software Technologies Ltd | $16.06B | |
| DT Dynatrace, Inc. | $15.93B | |
| MANH Manhattan Associates Inc | $14.76B | |
| GWRE Guidewire Software, Inc. | $13.32B | |
| BSY Bentley Systems Inc | $12.36B | |
| PAYC Paycom Software, Inc. | $11.99B | |
| FIG Figma, Inc. | $11.83B | |
| HUBS Hubspot Inc | $11.64B | |
| SAIL Sailpoint, Inc. | $10.96B | |
| FROG Jfrog Ltd | $10.49B | |
| ESTC Elastic N.V. | $10.21B | |
| PCOR Procore Technologies, Inc. | $9.33B | |
| PCTY Paylocity Holding Corp | $9.24B | |
| NTSK Netskope Inc | $8.99B | |
| GTLB Gitlab Inc. | $8.68B | |
| DBX Dropbox, Inc. | $8.18B | |
| S Sentinelone, Inc. | $8.06B | |
| APPF Appfolio Inc | $7.97B | |
| TTAN Servicetitan, Inc. | $7.91B | |
| DSGX Descartes Systems Group Inc | $7.86B | |
| ZETA Zeta Global Holdings Corp. | $7.51B | |
| GLBE Global-E Online Ltd. | $7.27B | |
| QLYS Qualys, Inc. | $7.18B | |
| PATH Uipath, Inc. | $6.95B | |
| NICE Nice Ltd. | $6.79B | |
| NAVN Navan, Inc. | $6.61B | |
| CVLT Commvault Systems Inc | $6.54B | |
| DUOL Duolingo, Inc. | $6.16B | |
| BOX Box Inc | $5.93B | |
| KVYO Klaviyo, Inc. | $5.73B | |
| OCTV Octave Intelligence Plc | $5.68B |
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Our AI scores Sap Se every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
For SAP, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 12.0%, measured on 358 forecast dates between 2022-08-16 and 2026-08-05 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -1.0%, measured on 400 forecast dates between 2022-08-16 and 2026-10-02. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Sap Se forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 3, 2026.
60 issuers in our coverage, SAP included, share the SEC industry code Services-Prepackaged Software. The largest are: Microsoft Corp (MSFT), Palantir Technologies Inc. (PLTR), Oracle Corp (ORCL), Crowdstrike Holdings, Inc. (CRWD), Shopify Inc. (SHOP), Salesforce, Inc. (CRM).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
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