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SAP SAP.DE · EUR

Information Technology · Software · XETRA · 🇩🇪 Germany

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211.65

+0.43%

Close of 9 Nov 2026, in EUR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€36.80bn

FY2016FY2025

Net income

€7.33bn

FY2016FY2025

Free cash flow

€8.42bn

FY2016FY2025

Shareholders' equity

€44.75bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue€36.80bn€34.18bn€31.21bn€30.87bn€26.95bn€27.34bn€27.55bn€24.71bn€23.46bn€22.06bn
Gross profit€27.04bn€24.93bn€22.60bn€21.94bn€19.73bn€19.45bn€19.20bn€17.25bn€16.41bn€15.48bn
Research and development€6.63bn€6.51bn€6.32bn€6.17bn€5.27bn€4.45bn€4.28bn€3.62bn€3.35bn€3.04bn
Operating income€10.29bn€5.19bn€6.58bn€4.67bn€6.31bn€6.62bn€6.33bn€5.70bn€4.88bn€5.13bn
Net income€7.33bn€3.12bn€3.60bn€3.28bn€5.26bn€5.14bn€3.32bn€4.08bn€4.01bn€3.64bn
Diluted earnings per share6.252.663.052.804.464.352.783.423.363.04

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets€70.36bn€74.12bn€68.33bn€72.16bn€71.17bn€58.46bn€60.21bn€51.50bn€42.48bn€44.28bn
Cash and short-term investments€9.77bn€11.24bn€11.28bn€9.70bn€11.66bn€6.95bn€5.61bn€9.07bn€5.00bn€3.90bn
Total liabilities€25.13bn€28.31bn€24.93bn€29.31bn€29.65bn€28.54bn€29.39bn€22.63bn€16.97bn€17.88bn
Debt€8.07bn€11.45bn€8.79bn€13.09bn€15.15bn€15.46bn€15.82bn€11.30bn€6.30bn€7.88bn
Shareholders' equity€44.75bn€45.44bn€43.16bn€40.19bn€38.85bn€29.72bn€30.75bn€28.83bn€25.48bn€26.38bn
Shares outstanding1,172m1,176m1,178m1,172m1,180m1,182m1,194m1,194m1,194m1,199m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations€9.16bn€5.21bn€6.25bn€5.65bn€6.22bn€7.19bn€3.50bn€4.30bn€5.04bn€4.63bn
Capital spending−€739.0m−€797.0m−€785.0m−€874.0m−€800.0m−€816.0m−€817.0m−€1.46bn−€1.27bn−€1.00bn
Free cash flow€8.42bn€4.41bn€5.46bn€4.77bn€5.42bn€6.38bn€2.68bn€2.85bn€3.77bn€3.63bn
Dividends paid−€2.74bn−€2.56bn−€2.40bn−€2.87bn−€2.18bn−€1.86bn−€1.79bn−€1.67bn−€1.50bn−€1.38bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue€9.88bn€9.55bn€9.68bn€9.08bn€9.03bn€9.01bn€9.38bn€8.47bn
Gross profit€7.23bn€6.97bn€7.07bn€6.67bn€6.62bn€6.61bn€6.94bn€6.21bn
Operating income€2.65bn€2.75bn€2.68bn€2.49bn€2.46bn€2.33bn€1.91bn€2.21bn
Net income€2.18bn€1.93bn€1.85bn€2.00bn€1.70bn€1.78bn€1.60bn€1.46bn
Diluted earnings per share1.881.671.581.711.451.521.361.24
Cash from operations€3.15bn€3.51bn€1.30bn€1.50bn€2.58bn€3.78bn−€550.0m€1.47bn
Capital spending−€116.0m−€238.0m−€180.0m−€201.0m−€190.0m−€168.0m−€269.0m−€163.0m
Free cash flow€3.04bn€3.27bn€1.12bn€1.30bn€2.39bn€3.61bn−€819.0m€1.31bn
Total assets€75.61bn€73.46bn€70.36bn€68.40bn€68.40bn€75.63bn€74.12bn€69.65bn
Cash and short-term investments€11.63bn€10.04bn€9.77bn€8.55bn€10.18bn€12.98bn€11.24bn€12.07bn
Debt——€8.07bn€9.12bn€8.75bn€6.70bn€10.65bn€10.90bn
Shareholders' equity€44.74bn€44.86bn€44.75bn€42.81bn€41.00bn€45.71bn€45.44bn€41.21bn

Financial ratios

Data as of 5 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin73.5%73.0%72.4%71.1%73.2%71.2%
Operating margin28.0%15.2%21.1%15.1%23.4%24.2%
Net margin19.9%9.1%11.5%10.6%19.5%18.8%
Return on equity16.4%6.9%8.3%8.2%13.5%17.3%
Return on assets10.4%4.2%5.3%4.5%7.4%8.8%
Free cash flow yield4.5%2.7%3.2%3.0%3.2%3.6%
Revenue growth7.7%9.5%1.1%14.5%-1.4%-0.8%
Earnings growth134.5%-13.2%9.8%-37.6%2.2%54.9%
Current ratio1.17x1.12x1.41x1.06x1.24x1.17x
Debt to equity0.14x0.20x0.17x0.35x0.39x0.52x
Equity ratio63.6%61.3%63.2%55.7%54.6%50.8%
Interest coverage7.47x5.03x8.36x2.12x21.68x18.66x
R&D as a share of sales18.0%19.1%20.2%20.0%19.6%16.3%
Buybacks as a share of market value0.3%0.2%-0.5%0.6%0.2%1.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.0%6.1%5.9%
Operating income30.1%9.2%9.2%
Net income30.7%7.3%9.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin73.2%72.5%72.4%71.5%
Operating margin21.8%20.1%21.2%21.6%
Net margin14.7%13.0%14.8%15.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings33.389.045.734.528.024.643.325.427.827.3
Price to sales6.68.15.33.75.54.65.24.24.84.5

Dividends and splits

Per share, in the currency the company pays

Paid for 31 years. Last went ex-dividend on 6 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.502.352.202.051.951.851.581.50
  • 4-for-1 split · 21 Dec 2006
  • 1-to-1 reverse split · 18 Jun 2001
  • 3-for-1 split · 26 Jun 2000
  • 1-to-1 reverse split · 10 Jul 1998
  • 10-for-1 split · 1 Aug 1995

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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