Sage Group plc, the Newcastle-based FTSE 100 global software company, said its revenue increased 11% to £2.062 billion in the first nine months of its financial year.

Sage sells accounting, financial, HR, and payroll technology for small and mid-sized businesses around the world.

In a trading update for the nine months ended June 30, 2026, Sage said: “In North America, revenue increased by 14% to £932m, with further strength in Sage Intacct together with continued growth in Sage 50 and Sage 200.

“In the UKIA region, revenue grew by 10% to £602m, driven by the rapid scaling of Sage Intacct, alongside strong growth in Sage 50 and a good performance from Sage’s cloud native solutions for small businesses.

“In Europe, revenue increased by 7% to £528m, with good levels of growth in Sage X3 and Sage 200, supported by other accounting, HR and payroll solutions.

“Sage Business Cloud revenue grew by 15% to £1,762m, supported by the continued adoption of Sage’s cloud solutions and expansion of AI-powered capabilities across the portfolio.

“Within Sage Business Cloud, cloud native revenue increased by 25% to £794m (Q3 25 YTD: £637m). 

“Recurring revenue grew by 11% to £2,002m (Q3 25 YTD: £1,801m), reflecting continued momentum in Annualised Recurring Revenue (ARR) during the period. Software subscription revenue grew by 13% to £1,743m (Q3 25 YTD: £1,546m) resulting in subscription penetration of 84% (Q3 25 YTD: 83%).

“In the third quarter, total revenue increased by 12% to £699m (Q3 25: £627m), driven by continuing growth across the Sage Business Cloud portfolio.

“On an organic basis (excluding the impact of M&A), total revenue increased by 10% in the first nine months of the year to £2,057m (Q3 25 YTD: £1,864m), while recurring revenue increased by 11% to £1,998m (Q3 25 YTD: £1,806m).”

Sage shares rose 4% to around £9.78 to give the Newcastle firm a stock market value of almost £9 billion.

In its outlook, the Newcastle firm said: “We continue to expect organic total revenue growth for FY26 to be above 9%, and operating margins to trend upwards in FY26 and beyond, as we focus on efficiently scaling the group.”

Sage Group chief financial officer Jacqui Cartin said: “Sage has delivered nine months of accelerating revenue growth, with momentum strengthening further in the third quarter.

“This reflects focused execution as we deepen AI capabilities across our platform, scale key products including Sage Intacct, and increase the value customers get from Sage.

“Demand from new and existing customers remains strong, with small and mid-sized businesses increasingly relying on Sage for finance, HR and payroll workflows, where getting it right is essential.

“This gives us confidence in delivering sustainable, efficient growth, and we reiterate our guidance for the full year.”