SAP SE (SAPGF) balance sheet

SAPGFOTCServices-Prepackaged SoftwareFiscal year ends December 31Also trades as SAP

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Feb 26, 2026Score 12/30

$225.00+4.24 (+1.92%)

Close on Oct 19, 2026Market cap $276.41BP/E 33.0Yield 1.17%

SAP SE balance sheet

Annual Quarterly

EUR USD

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

Line item	Q4 2025 2025-12-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q4 2023 2023-12-31	Q4 2022 2022-12-31	Q4 2021 2021-12-31	Q4 2020 2020-12-31	Q4 2019 2019-12-31	Q4 2018 2018-12-31	Q4 2017 2017-12-31	Q4 2016 2016-12-31	Q4 2015 2015-12-31	Q4 2014 2014-12-31
Cash & Equivalents	9,647	9,946	–	8,987	9,637	10,071	6,495	5,966	9,883	4,822	3,906	3,704	4,027
Cash & Short-Term Investments	9,647	9,946	–	8,987	9,637	10,071	6,495	5,966	9,883	4,822	3,906	3,704	4,027
Receivables	7,834	7,012	–	6,993	6,671	7,189	8,063	8,878	7,288	7,092	6,251	–	–
Prepaid Expenses & Other	2,209	1,468	–	1,361	1,434	939	834	680	499	465	384	–	–
Other Current Assets	–	–	–	–	–	–	–	–	–	65	65	–	–
Total Current Assets	23,772	22,152	–	22,756	19,815	22,686	18,429	17,080	19,040	14,342	12,202	–	–
Property, Plant & Equipment	–	–	–	–	5,278	5,633	6,165	6,170	4,070	3,567	2,722	–	–
Operating Lease Right-of-Use Assets	1,733	1,508	–	1,521	1,927	2,083	2,271	2,208	–	–	–	–	–
Goodwill	34,051	32,361	–	32,169	35,386	35,187	33,679	32,737	27,192	25,572	24,598	–	–
Intangible Assets	2,678	2,801	–	2,771	4,103	4,488	4,628	5,042	3,697	3,567	3,995	–	–
Deferred Tax Assets	5,260	5,025	–	4,647	4,603	4,036	3,748	3,615	2,318	2,219	1,971	–	–
Other Long-Term Assets	–	–	–	–	–	–	–	–	–	0	0	–	–
Total Assets	82,577	76,843	–	75,588	77,196	80,555	71,501	67,600	59,001	51,074	46,721	–	–
Accounts Payable	2,853	2,058	–	1,972	2,296	1,788	1,672	1,775	1,708	1,384	1,352	–	–
Short-Term Debt	–	–	1,393	–	–	–	–	–	–	–	–	–	–
Current Debt	1,878	3,767	1,393	1,264	4,264	4,250	1,812	2,839	870	1,562	1,514	–	–
Current Portion of Leases	298	305	–	325	373	461	465	437	–	–	–	–	–
Other Current Liabilities	–	–	–	–	–	–	–	–	–	170	127	–	–
Total Current Liabilities	20,439	19,752	–	16,196	18,671	18,263	15,706	16,236	12,013	12,274	10,208	–	–
Long-Term Debt	5,340	5,948	–	7,314	8,321	10,569	14,433	12,506	12,111	5,969	6,743	–	–
Long-Term Leases	1,678	1,470	–	1,468	1,916	1,965	2,128	2,037	–	–	–	–	–
Operating Lease Liabilities	1,976	1,775	–	1,793	2,289	2,425	2,593	2,473	2,452	–	–	–	–
Deferred Tax Liabilities	2,806	2,595	–	2,512	2,620	2,350	2,489	2,299	1,273	1,274	1,802	–	–
Total Liabilities	29,678	29,429	–	27,572	31,357	33,559	34,901	32,996	25,918	20,400	18,867	–	–
Total Debt	7,218	9,714	1,393	8,579	12,585	14,819	16,245	15,345	12,981	7,531	8,257	–	–
Common Stock	1,442	1,272	–	1,360	1,315	1,391	1,503	1,380	1,408	1,478	1,297	–	–
Additional Paid-In Capital	3,260	2,654	–	2,041	–	–	–	612	622	685	632	–	–
Retained Earnings	55,564	44,413	–	46,966	38,960	41,901	39,168	32,315	31,397	29,777	23,533	–	–
Treasury Stock	-8,154	-6,163	–	-5,244	-4,644	-3,477	-3,757	-1,774	-1,810	-1,913	-1,160	–	–
Shareholders' Equity	52,326	47,033	–	47,740	42,991	43,974	36,343	34,519	33,030	30,637	27,832	–	–
Noncontrolling Interest	573	381	–	275	2,848	3,022	258	85	52	37	22	–	–
Total Equity	52,898	47,414	–	48,016	45,839	46,996	36,601	34,604	33,001	30,744	27,839	25,285	23,638
Total Liabilities & Equity	82,577	76,843	–	75,588	77,196	80,555	71,501	67,600	59,001	51,074	46,721	–	–

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: 33.0
Price to sales: 6.73
Price to book: 5.55
Dividend yield: 1.17%

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