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Source document· January 29, 2026

SAP Quarterly Statement Q4 2025

View original at finance.yahoo.com
SAP Quarterly Statement Q4 2025 SAP meets revenue and exceeds non-IFRS operating profit and free cash flow outlook for FY2025 Total cloud backlog up 22% and up 30% at constant currencies Current cloud backlog up 16% and up 25% at constant currencies Cloud revenue up 23% and up 26% at constant currencies in FY2025 Cloud…
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  • 2026 non-IFRS operating profit expected to be €11.9-12.3 billion at constant currencies, up 14% to 18%

    80% confidence

  • 2026 cloud revenue expected to be €25.8-26.2 billion at constant currencies, up 23% to 25%

    80% confidence

  • Total operating expenses expected to grow at 80% to 90% of total revenue growth in 2027

    80% confidence

  • Strategy and operational discipline will continue to drive long-term value creation

    80% confidence

  • SAP Business AI has become a main driver for growth as it was included in two thirds of Q4 cloud order entry

    80% confidence

  • 2026 free cash flow expected to be approximately €10 billion at actual currencies

    80% confidence

  • Closed 2025 on a high note, delivering strong operating profit and free cash flow ahead of expectations

    80% confidence

  • Significant Current Cloud Backlog growth in Q4 has laid a strong foundation for accelerating Total Revenue growth through 2027

    80% confidence

  • 2026 cloud and software revenue expected to be €36.3-36.8 billion at constant currencies, up 12% to 13%

    80% confidence

  • Constant currency total revenue growth expected to accelerate through 2027

    80% confidence

  • Q4 was a strong cloud quarter, with bookings resulting in 30% Total Cloud Backlog growth to a record 77 billion Euros

    80% confidence

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The Agentic Takeover of the CFO's Office
Enterprise finance software vendors—BlackLine, OneStream, Numero AI, and Oracle—are racing to embed autonomous AI agents into core financial operations (close, consolidation, reporting), backed by consolidation M&A (Numero-Royu, BlackLine-WiseLayer), fresh leadership hires, and survey data showing nearly a quarter of CFOs plan to boost AI spending over 50%. Adoption momentum is strong even as at least one bellwether (Oracle) sees its stock lag year-to-date, suggesting the market hasn't yet fully priced in the shift from AI-as-feature to AI-as-agent in finance.
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Satellite-Terrestrial Network Integration Acceleration
Increased investment and launches in hybrid satellite-cellular networks across telecom industry; competitive responses from other carriers; regulatory activity around satellite spectrum; expansion of emergency/rural connectivity use cases
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Where sources disagree
Morgan Stanley & Co. LLC
Two significantly different EPS values (10.21 vs 2.68 USD_per_share) are reported for Morgan Stanley on the same observation date (2025-12-31). Fact A specifies FY 2025, while Fact B's 'N/A' fiscal period is ambiguous. If both represent FY 2025 annual EPS, these values directly conflict. The magnitude of the difference (3.8x) is too large to attribute to rounding or minor calculation variations. The missing fiscal period in Fact B raises data quality concerns, but same-date observation + same attribute should reference the same period.
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SAP Quarterly Statement Q4 2025 — Source | Via News | Finance Via News