SAPNYSEServices-Prepackaged SoftwareFiscal year ends December 31Also trades as SAPGF

SAP SE

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Feb 26, 2026

$226.03+1.74 (+0.78%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2014 to 2025

72.9%+1.7 pts over 5 years

26.1%+1.9 pts over 5 years

19.5%+0.6 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+7.7%	+7.6%	+6.1%	+5.9%
Gross profit	+7.5%	+7.7%	+6.6%	+6.3%
Operating income	+106.2%	+17.6%	+7.7%	+8.5%
Net income	+129.2%	+46.4%	+6.8%	+8.9%
EPS, diluted	+130.2%	+46.5%	+7.0%	+9.1%
Dividend per share	+6.8%	-1.4%	+8.3%	–

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	–	17.0%	15.9%
Return on assets	–	8.7%	9.9%
Current ratio	1.20	1.17	1.16
Debt to equity	0.30	0.45	0.14
Net debt to EBITDA	0.64×	0.94×	-0.19×
Interest coverage	19.8×	9.5×	7.0×
Diluted shares	1.20B	1.18B	1.18B

Return on equity split into margin, efficiency and leverage

Net margin19.5%

Asset turnover0.51×

Equity multiplier1.61×

Return on equity, FY202515.9%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	19.5%	0.51×	1.61×	15.9%
FY2024	9.1%	0.48×	1.61×	7.1%
FY2023	19.7%	0.44×	1.69×	14.7%
FY2022	7.7%	0.41×	1.81×	5.8%
FY2021	19.5%	0.42×	1.89×	15.3%
FY2020	18.8%	0.46×	1.96×	17.0%
FY2019	12.1%	0.49×	1.88×	11.1%
FY2018	16.5%	0.53×	1.73×	15.0%
FY2017	17.1%	0.54×	1.67×	15.5%