Analysis
How big are the Cloud Kings' cloud businesses?
We read the latest annual report of all 17 eligible companies. Here is what each one discloses about its cloud business, and where the disclosures fall short.
SAP
XETRA: SAP · #7 in The Cloud Kings 10
Overview
SAP is a German enterprise software company whose cloud portfolio centres on S/4HANA Cloud ERP and the SAP Business Technology Platform.
Why it qualifies for the Cloud Kings ranking
Cloud revenue is separately disclosed and is a large share of total revenue.
Verified against SAP Form 20-F, fiscal year 2025 on Oct 16, 2026. Eligibility rules
Cloud products and services
- SAP S/4HANA Cloud
- SAP Business Technology Platform
- SAP SuccessFactors
- SAP Ariba
- SAP S/4HANA Cloud(opens in a new tab)
Cloud ERP suite for finance, supply chain and operations.
Market and stock information
- Total equity market cap (USD), Oct 15, 2026
- $260B
Latest price
Delayed or end-of-day prices, displayed by TradingView. They are provided for reference only and are not used to calculate the Cloud Kings ranking.
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Business and financial information
How cloud is reported: SAP discloses cloud revenue and current cloud backlog separately from software licence and support revenue.
Latest news
No news about SAP has been published yet.
Competitors and comparisons
Methodology explainer
How CloudKings calculates market capitalization
Price times shares sounds simple. For the world's largest cloud companies, share classes, treasury shares, depositary receipts and currencies all get in the way.
Sources and data timestamps
- SAP Investor Relations
- SAP Form 20-F, fiscal year 2025 · accessed Oct 16, 2026
- Profile and eligibility last reviewed Oct 16, 2026.
- Eligibility verification against the latest annual report: verified on Oct 16, 2026 (SAP Form 20-F, fiscal year 2025).
- Market capitalization: official ranking snapshot of Oct 15, 2026 (closing prices of Oct 15, 2026, methodology v1.3). Latest prices, where loaded, are displayed by TradingView.