cloud backlog

SAP’s Q4 2025 results show strong cloud momentum and AI integration. Cloud backlog reached €22.2 billion, with cloud revenue growing 25% to €3.5 billion, driven by S/4HANA Cloud. The company highlighted tangible AI integration across its portfolio, enhancing efficiency and insights. SAP remains focused on the S/4HANA migration and projects continued double-digit cloud revenue growth in 2026.