Licensing for Exchange Server SE is the same as Exchange Server 2019. See https://www.microsoft.com/microsoft-365/exchange/microsoft-exchange-server-licensing-licensing-overview for details on the licensing model used by Exchange Server 2019.
For Exchange Server SE, in addition to purchasing the required Server licenses and CALs, customers must also maintain an active subscription. This means purchasing either:
- Cloud subscription licenses for all users and devices that access Exchange Server SE (for example, Microsoft 365 E3 or E5 licenses); or
- Exchange Server SE Server licenses and CALs with https://www.microsoft.com/licensing/licensing-programs/software-assurance-default (SA).
Other cloud subscription licenses besides Microsoft 365 E3/E5 also satisfy, but we’re calling E3/E5 out because they include Extended Use Rights that provide an unlimited number of Office Server licenses at no additional charge (see the https://www.microsoft.com/licensing/terms/productoffering/Microsoft365/EAEAS for full details).
If you don't buy cloud subscription licenses, then Server licenses and CALs you buy must have Software Assurance.
To summarize your licensing options (choose one):
- Qualifying cloud subscription licenses for users (for example, Microsoft 365 E3/E5) If you go this route, all users that access Exchange Server SE must have an E3 or E5 license.
- License (Server and CALs) + SA for Exchange Server 2016/2019 Maintain SA for usage rights and access Exchange Server SE and updates.
- License (Server and CALs) + SA for Exchange Server SE (once released) Maintain SA for Exchange Server SE for usage rights and access to updates.