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

SAP SE income statement

AnnualQuarterlyTTM

EUR USD

Millions of EUR, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	36,800	34,176	31,207	29,520	26,953	27,338	27,553	24,708	23,461	22,062	20,793
Cost of Revenue	9,986	9,243	8,674	8,038	7,219	7,886	8,355	7,462	7,051	6,583	6,245
Gross Profit	26,814	24,932	22,534	21,482	19,734	19,453	19,199	17,246	16,410	15,479	14,548
Research & Development	6,633	6,514	6,324	6,080	5,270	4,454	4,292	3,624	3,352	3,044	2,845
Selling, General & Admin	10,512	10,525	10,192	9,235	8,043	8,462	9,322	7,879	7,999	7,270	6,830
Selling & Marketing	8,879	9,090	8,828	7,946	6,856	7,106	7,693	6,781	6,924	6,265	5,782
General & Administrative	1,633	1,435	1,364	1,289	1,187	1,356	1,629	1,098	1,075	1,005	1,048
Operating Expenses	27,183	29,511	25,408	23,606	20,645	20,715	23,081	19,005	18,584	16,928	16,541
Operating Income	9,617	4,665	5,799	5,914	6,308	6,623	4,473	5,703	4,877	5,135	4,252
Interest Expense	1,377	1,031	1,313	2,200	945	697	589	418	288	259	246
Interest & Investment Income	1,911	1,429	857	811	3,123	1,473	787	371	476	230	241
Pretax Income	10,270	4,764	5,341	4,513	8,505	7,220	4,596	5,600	5,029	4,872	3,991
Income Tax Expense	2,944	1,614	1,741	1,446	1,682	1,938	1,226	1,511	983	1,242	935
Income from Continuing Operations	7,326	3,150	3,600	3,068	6,824	–	–	–	–	–	–
Income from Discontinued Operations	0	0	2,363	-1,359	-1,447	–	–	–	–	–	–
Net Income incl. Noncontrolling Interests	7,326	3,150	5,964	1,708	5,376	5,283	3,370	4,088	4,046	3,629	3,056
Minority Interest in Earnings	165	26	-175	-576	121	138	50	6.00	38	-13	-8.00
Net Income	7,161	3,124	6,139	2,284	5,256	5,145	3,321	4,083	4,008	3,642	3,064
EPS (Basic)(per share)	6.14	2.68	5.26	1.95	4.46	4.35	2.78	3.42	3.35	3.04	2.56
EPS (Diluted)(per share)	6.10	2.65	5.20	1.94	4.46	4.35	2.78	3.42	3.35	3.04	2.56
Shares Outstanding (Basic, Weighted)(shares)	1,166	1,166	1,167	1,170	1,180	1,182	1,194	1,194	1,197	1,198	1,197
Shares Outstanding (Diluted, Weighted)(shares)	1,175	1,180	1,180	1,175	1,180	1,182	1,194	1,194	1,198	1,199	1,198
Dividend per Share(per share)	2.35	2.20	2.05	2.45	1.85	1.58	1.50	1.40	1.25	1.15	–
EBITDA	10,928	5,945	7,172	7,483	7,845	8,454	6,345	7,065	6,149	6,403	5,541

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 72.9%
Operating margin: 26.1%
Net margin: 19.5%
Return on equity, FY2025: 15.9%

Financial strength

Current ratio: 1.16
Debt to equity: 0.14
Debt to assets: 8.7%
Cash to current liabilities: 47.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.