Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results Christian Klein, CEO Dominik Asam, CFO July 23, 2026 Public
Slide 2: Safe Harbor Statement
Safe Harbor Statement During this presentation we will make 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 ca
Slide 3: Christian Klein, CEO
Christian Klein CEO
Slide 4: Our Growth Momentum Remains Strong in Q2
Our Growth Momentum Remains Strong in Q2 Cloud revenue in € millions (yoy @cc) Current cloud Cloud gross profit in € millions (yoy @cc) backlog € millions 6,281 5,962 (+24%) 22,929 5,610 (+27%) ▲ +27% (+26% @cc) (+26%) 5,290 5,130 (+27%) (+28%) Cloud 4,687 4,481 (+23%) revenue 4,185 (+26%) € million
Slide 5: Powering the Autonomous Enterprise
Powering the Autonomous Enterprise 5
Slide 6: Grounding AI in Data & Ontology
Grounding AI in Data & Ontology Joule Autonomous Suite Autonomous Autonomous Autonomous Autonomous Autonomous Finance Spend SCM HCM CX Ontology/ Material Employee Inventory Knowledge Graph Order Pipeline Opportunity Returns Supplier Semantics Data products & models Master Data Governance Data founda
Slide 7: Driving Real-World Results with SAP Business AI
Driving Real-World Results with SAP Business AI Autonomous Suite Business AI Platform Industry AI Integrated Toolchain ~40k ~75% > 90% ~97% Incorrect Reduction of Touchless Elimination transactions BI solution verification of of legacy cleared build time purchasing orders customizations 7
Slide 8: Qacciona AIRBUS aMaDeus birlasoft Capgemini@> @ponLeR
Qacciona AIRBUS aMaDeus birlasoft Capgemini@> @ponLeR A) Electrotux @ GILEAD COL Haier fans /7OGws Ter, KaDeWe &y OKI Orsted — gage <Parioa natura pwe Wy) '$] somonn@ ME® 9 @ techem Won Oveoua MRE EVANS VONOVIA PHARMA
Slide 9: Turning SAP into an Autonomous Enterprise
Turning SAP into an Autonomous Enterprise Engineering & Technology Go-to-Market Up to 30% Consulting AI Factory > 3,000 Developer productivity uplift with AI tools Consultants < 3 weeks > 2,000 Agent delivery Customers 2 > 90% >110k >€ 2bn Hours/week Of employees at Joule Work Efficiency run rate fo
Slide 10: Dominik Asam, CFO
Dominik Asam CFO
Slide 11: SAP Q2 2026 Financial Results
SAP Q2 2026 Financial Results Current cloud Total revenue Cloud & software Cloud revenue Cloud ERP Suite backlog revenue revenue € millions € millions € millions € millions € millions 22,929 9,878 8,851 6,281 5,525 ▲ +27% (+26% @cc) ▲ +9% (+11% @cc) ▲ +11% (+13% @cc) ▲ +22% (+24% @cc) ▲ +25% (+27% @
Slide 12: Regional Revenue Performance
Regional Revenue Performance AMERICAS EMEA APJ Cloud revenue Cloud revenue Cloud revenue ▲ +19% ▲ +27% ▲ +21% (+21% @cc) (+27% @cc) (+28% @cc) Cloud & software Cloud & software Cloud & software revenue revenue revenue ▲ +11% ▲ +13% ▲ +7% (+13% @cc) (+13% @cc) (+12% @cc) Brazil had outstanding cloud
Slide 13: Revenue and Gross Profit Development
Revenue and Gross Profit Development . Revenue Gross profit (Gross margin %) Non-IFRS in € millions, unless otherwise stated Q2 2026 ∆ in % ∆ in % @cc Q2 2026 ∆ in % ∆ in % @cc 4,687 Cloud 6,281 22 24 22 23 (74.6) SaaS/PaaS 6,216 23 25 IaaS 65 -23 -22 2,306 Software licenses and support 2,570 -9 -8
Slide 14: Tax Rate, Cash Flow, and Earnings per Share
Tax Rate, Cash Flow, and Earnings per Share Effective tax rate Operating cash flow Free cash flow Earnings per share Q2 | percent Q2 | € millions Q2 | € millions Q2 | € IFRS Non-IFRS Basic Diluted Basic IFRS Non-IFRS 26.5 30.8 3,153 3,002 1.89 1.88 1.59 ▼ -3.6pp ▲ 0.1pp ▲ +22% ▲ +27% ▲+30% ▲ +30% ▲
Slide 15: 2026 Financial Outlook and Non-Financial Outlook
2026 Financial 2026 Non-Financial Outlook1 Outlook Cloud revenue Cloud & software Current cloud Employee Cloud Customer revenue backlog Engagement Index Satisfaction € billions @cc € billions @cc percent @cc percent percent slightly 25.8 – 26.2 36.3 – 36.8 decelerate 74 – 78 75 – 76 ▲ +23% – 25% (20
Slide 16: Q&A
Q&A 16
Slide 17: Appendix
Appendix 17
Slide 18: Income Statement: Second Quarter 2026
Appendix Income Statement: Second Quarter 2026 IFRS Non-IFRS € millions, unless otherwise stated Q2 26 Q2 25 ∆% Q2 26 Q2 25 ∆% ∆ % @cc Cloud 6,281 5,130 22 6,281 5,130 22 24 Software licenses 131 194 -32 131 194 -32 -32 Software support 2,439 2,642 -8 2,439 2,642 -8 -7 Software licenses and support
Slide 19: Income Statement: First Six Months 2026
Appendix Income Statement: First Six Months 2026 IFRS Non-IFRS € millions, unless otherwise stated Q1-Q2 26 Q1-Q2 25 ∆% Q1-Q2 26 Q1-Q2 25 ∆% ∆ % @cc Cloud 12,244 10,124 21 12,244 10,124 21 26 Software licenses 247 377 -34 247 377 -34 -33 Software support 4,908 5,403 -9 4,908 5,403 -9 -6 Software lic
Slide 20: Gross Margin Development
Appendix Gross Margin Development Non-IFRS, in percent FY 24 Q1 25 Q2 25 Q3 25 Q4 25 FY 25 Q1 26 Q2 26 Cloud 73.3 75.0 75.2 75.1 74.6 75.0 75.2 74.6 Software licenses & support 90.1 90.1 89.0 88.9 90.4 89.6 88.9 89.8 Cloud & software 80.4 80.6 80.1 79.8 80.1 80.1 79.3 79.0 Services 23.6 21.8 24.9 28
Slide 21: Cost Ratios: Second Quarter 2026
Appendix Cost Ratios: Second Quarter 2026 | Total Revenue: €9.9bn Non-IFRS as percent of total revenue Research & Sales & General development marketing administration 18.7% €1.8bn 22.9% €2.3bn 4.0% €0.4bn +0.8pp | +0.7pp @cc -0.3pp | -0.4pp @cc -0.0pp | -0.1pp @cc 21
Slide 22: Cost Ratios: First Six Months 2026
Appendix Cost Ratios: First Six Months 2026 | Total Revenue: €19.4bn Non-IFRS as percent of total revenue Research & Sales & General development marketing administration 18.2% €3.5bn 22.3% €4.3bn 3.8% €0.7bn +0.0pp | -0.1pp @cc -1.1pp | -1.2pp @cc -0.2pp | -0.3pp @cc 22
Slide 23: Balance Sheet Condensed: June 30, 2026 – IFRS
Appendix Balance Sheet Condensed: June 30, 2026 – IFRS Due to rounding, numbers may not add up precisely Assets Equity and liabilities € millions 06/30/26 12/31/25 € millions 06/30/26 12/31/25 Cash, cash equivalents and other financial assets 11,625 9,771 Trade and other payables 2,747 2,431 Provisi
Slide 24: Cash Flow Development
Appendix Cash Flow Development Due to rounding, numbers may not add up precisely € millions, unless otherwise stated Q1-Q2 2026 Q1-Q2 2025 ∆ in % Operating cash flow 6,666 6,357 5 – Purchase of PPE & intangibles -354 -358 -1 – Proceeds from sales of PPE & intangibles 55 78 -29 – Payments of lease li
Slide 25: Net Debt
Appendix Net Debt Due to rounding, numbers may not add up precisely € millions, unless otherwise stated 2026 2025 Net liquidity (+)/Net Debt (-) | 12/31/2025 | PY: 12/31/2024 3,381 1,695 Net cash flows from operating activities 6,666 6,357 Capital expenditure -354 -358 Proceeds from sales of PPE & i
Slide 26: Additional Outlook Information and Non-IFRS Adjustments
Appendix Additional Outlook Information and Non-IFRS Adjustments Due to rounding, numbers may not add up precisely The Company expects a full-year 2026 effective tax rate (Non-IFRS) of approximately 29% (2025: 30.5%). Actual Amounts Actual Amounts Est. Amounts Non-IFRS adjustments Q2 2025 Q2 2026 FY
Slide 27: Expected Currency Impact
Appendix Expected Currency Impact Expected currency impact based on June 30, 2026 Level applied for 2026 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 exp