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 EUR, 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	8,220	9,609	–	8,124	9,008	8,898	5,311	5,314	8,627	4,011	3,702	3,411	3,328
Cash & Short-Term Investments	8,220	9,609	–	8,124	9,008	8,898	5,311	5,314	8,627	4,011	3,702	3,411	3,328
Receivables	6,675	6,774	–	6,322	6,236	6,352	6,593	7,908	6,362	5,899	5,924	–	–
Prepaid Expenses & Other	1,882	1,418	–	1,230	1,340	830	682	606	436	387	364	–	–
Other Current Assets	–	–	–	–	–	–	–	–	–	54	62	–	–
Total Current Assets	20,256	21,401	–	20,571	18,522	20,044	15,069	15,213	16,620	11,930	11,564	–	–
Property, Plant & Equipment	–	–	–	–	4,934	4,977	5,041	5,496	3,553	2,967	2,580	–	–
Operating Lease Right-of-Use Assets	1,477	1,457	–	1,375	1,801	1,840	1,857	1,967	–	–	–	–	–
Goodwill	29,014	31,264	–	29,081	33,077	31,089	27,538	29,159	23,736	21,271	23,311	–	–
Intangible Assets	2,282	2,706	–	2,505	3,835	3,965	3,784	4,491	3,227	2,967	3,786	–	–
Deferred Tax Assets	4,482	4,855	–	4,201	4,303	3,566	3,065	3,220	2,023	1,846	1,868	–	–
Other Long-Term Assets	–	–	–	–	–	–	–	–	–	0	0	–	–
Total Assets	70,362	74,237	–	68,331	72,159	71,174	58,464	60,212	51,502	42,484	44,277	–	–
Accounts Payable	2,431	1,988	–	1,783	2,146	1,580	1,367	1,581	1,491	1,151	1,281	–	–
Short-Term Debt	–	–	1,250	–	–	–	–	–	–	–	–	–	–
Current Debt	1,600	3,639	1,250	1,143	3,986	3,755	1,482	2,529	759	1,299	1,435	–	–
Current Portion of Leases	254	295	–	294	349	407	380	389	–	–	–	–	–
Other Current Liabilities	–	–	–	–	–	–	–	–	–	141	120	–	–
Total Current Liabilities	17,416	19,082	–	14,641	17,453	16,136	12,842	14,462	10,486	10,210	9,674	–	–
Long-Term Debt	4,550	5,746	–	6,612	7,778	9,338	11,801	11,139	10,572	4,965	6,390	–	–
Long-Term Leases	1,430	1,420	–	1,327	1,791	1,736	1,740	1,814	–	–	–	–	–
Operating Lease Liabilities	1,684	1,715	–	1,621	2,140	2,143	2,120	2,203	2,140	–	–	–	–
Deferred Tax Liabilities	2,391	2,507	–	2,271	2,449	2,076	2,035	2,048	1,111	1,060	1,708	–	–
Total Liabilities	25,288	28,431	–	24,925	29,311	29,651	28,537	29,390	22,624	16,969	17,880	–	–
Total Debt	6,150	9,385	1,250	7,755	11,764	13,093	13,283	13,668	11,331	6,264	7,825	–	–
Common Stock	1,229	1,229	–	1,229	1,229	1,229	1,229	1,229	1,229	1,229	1,229	–	–
Additional Paid-In Capital	2,778	2,564	–	1,845	–	–	–	545	543	570	599	–	–
Retained Earnings	47,345	42,907	–	42,457	36,418	37,022	32,026	28,783	27,407	24,769	22,302	–	–
Treasury Stock	-6,948	-5,954	–	-4,741	-4,341	-3,072	-3,072	-1,580	-1,580	-1,591	-1,099	–	–
Shareholders' Equity	44,586	45,438	–	43,157	40,186	38,853	29,716	30,746	28,832	25,484	26,376	–	–
Noncontrolling Interest	488	368	–	249	2,662	2,670	211	76	45	31	21	–	–
Total Equity	45,073	45,806	–	43,406	42,848	41,523	29,927	30,822	28,807	25,573	26,383	23,285	19,534
Total Liabilities & Equity	70,362	74,237	–	68,331	72,159	71,174	58,464	60,212	51,502	42,484	44,277	–	–

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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