SAP.DE
SAP SE (SAP.DE)
182.8600
€
-0.2600 (%-0.14)
SAP.DE: SAP SE Financials
Income statement, balance sheet, cash flow and financial performance data for SAP SE.
SAP SE Income Statement
Chart
Gross margin TTM
73.48%
Operating margin TTM
27.97%
Net profit margin TTM
19.91%
Return on investment TTM
16.37%
| Period end | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total revenue | 36,800,000,000 | 34,176,000,000 | 31,207,000,000 | 29,519,000,000 |
| Operating income | 10,293,000,000 | 4,665,000,000 | 5,799,000,000 | 5,914,000,000 |
| Net income | 7,327,000,000 | 3,124,000,000 | 6,139,000,000 | 2,284,000,000 |
All line items
| Line item | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total revenue | 36,800,000,000 | 34,176,000,000 | 31,207,000,000 | 29,519,000,000 |
| Cost of revenue | 9,759,000,000 | 9,243,000,000 | 8,674,000,000 | 8,038,000,000 |
| Gross profit | 27,041,000,000 | 24,932,000,000 | 22,534,000,000 | 21,482,000,000 |
| Research and development expenses | 6,628,000,000 | 6,514,000,000 | 6,324,000,000 | 6,080,000,000 |
| General and administrative expenses | 0 | 1,435,000,000 | 1,364,000,000 | 1,289,000,000 |
| Selling and marketing expenses | 10,120,000,000 | 9,090,000,000 | 8,828,000,000 | 7,946,000,000 |
| Selling, general and administrative expenses | 10,120,000,000 | 10,525,000,000 | 10,192,000,000 | 9,235,000,000 |
| Other expenses | 0 | 3,229,000,000 | 218,000,000 | 252,000,000 |
| Operating expenses | 16,748,000,000 | 20,268,000,000 | 16,734,000,000 | 15,567,000,000 |
| Cost and expenses | 26,507,000,000 | 29,511,000,000 | 25,408,000,000 | 23,605,000,000 |
| Net interest income | 534,000,000 | 398,000,000 | -311,000,000 | -195,000,000 |
| Interest income | 1,911,000,000 | 1,429,000,000 | 477,000,000 | 203,000,000 |
| Interest expense | 1,377,000,000 | 1,031,000,000 | 788,000,000 | 398,000,000 |
| Depreciation and amortization | 1,311,000,000 | 1,280,000,000 | 1,373,000,000 | 1,569,000,000 |
| EBITDA | 13,170,000,000 | 6,471,000,000 | 7,155,000,000 | 6,322,000,000 |
| EBIT | 11,859,000,000 | 5,191,000,000 | 5,782,000,000 | 4,753,000,000 |
| Non-operating income (excl. interest) | -1,566,000,000 | -526,000,000 | 17,000,000 | 1,161,000,000 |
| Operating income | 10,293,000,000 | 4,665,000,000 | 5,799,000,000 | 5,914,000,000 |
| Total other income/expenses (net) | 189,000,000 | 99,000,000 | -458,000,000 | -1,401,000,000 |
| Income before tax | 10,482,000,000 | 4,764,000,000 | 5,341,000,000 | 4,513,000,000 |
| Income tax expense | 2,991,000,000 | 1,614,000,000 | 1,741,000,000 | 1,446,000,000 |
| Net income from continuing operations | 7,491,000,000 | 3,150,000,000 | 3,600,000,000 | 3,067,000,000 |
| Net income from discontinued operations | 0 | 0 | 2,363,000,000 | -1,359,000,000 |
| Other adjustments to net income | 1,000,000 | 0 | 1,000,000 | 0 |
| Net income | 7,327,000,000 | 3,124,000,000 | 6,139,000,000 | 2,284,000,000 |
| Net income deductions | 0 | 0 | 0 | 0 |
| Bottom line net income | 7,327,000,000 | 3,124,000,000 | 6,139,000,000 | 2,284,000,000 |
| EPS | 6 | 3 | 5 | 2 |
| Diluted EPS | 6 | 3 | 5 | 2 |
| Weighted average shares outstanding | 1,166,000,000 | 1,166,000,000 | 1,167,000,000 | 1,170,000,000 |
| Weighted average diluted shares outstanding | 1,175,000,000 | 1,180,000,000 | 1,180,000,000 | 1,175,000,000 |
SAP SE Balance Sheet
| Period end | Total assets | Total liabilities & equity |
|---|---|---|
| 31/12/2025 | 70,362,000,000 | 25,125,000,000 |
| 31/12/2024 | 74,122,000,000 | 28,314,000,000 |
| 31/12/2023 | 68,331,000,000 | 24,925,000,000 |
| 31/12/2022 | 72,159,000,000 | 29,311,000,000 |
Long-term debt / assets MRQ
6,021,000,000%
| Period end | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Total assets | 70,362,000,000 | 74,122,000,000 | 68,331,000,000 | 72,159,000,000 |
| Total liabilities | 25,125,000,000 | 28,314,000,000 | 24,925,000,000 | 29,311,000,000 |
| Total equity | 44,752,000,000 | 45,440,000,000 | 43,157,000,000 | 40,186,000,000 |
All line items
| Line item | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Cash and cash equivalents | 8,220,000,000 | 9,609,000,000 | 8,124,000,000 | 9,008,000,000 |
| Short-term investments | 1,552,000,000 | 1,629,000,000 | 3,157,000,000 | 689,000,000 |
| Cash and short-term investments | 9,772,000,000 | 11,238,000,000 | 11,281,000,000 | 9,697,000,000 |
| Net receivables | 7,273,000,000 | 7,737,000,000 | 7,070,000,000 | 5,782,000,000 |
| Accounts receivable | 6,675,000,000 | 6,231,000,000 | 5,892,000,000 | 5,782,000,000 |
| Other receivables | 598,000,000 | 1,506,000,000 | 1,178,000,000 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Prepaid expenses | 0 | 988,000,000 | 844,000,000 | 828,000,000 |
| Other current assets | 3,211,000,000 | 1,438,000,000 | 1,376,000,000 | 2,215,000,000 |
| Total current assets | 20,256,000,000 | 21,401,000,000 | 20,571,000,000 | 18,522,000,000 |
| Property, plant and equipment (net) | 4,497,000,000 | 4,493,000,000 | 4,276,000,000 | 4,934,000,000 |
| Goodwill | 29,014,000,000 | 31,147,000,000 | 29,081,000,000 | 33,077,000,000 |
| Intangible assets | 2,282,000,000 | 2,706,000,000 | 2,505,000,000 | 3,835,000,000 |
| Goodwill and intangible assets | 31,296,000,000 | 33,853,000,000 | 31,586,000,000 | 36,912,000,000 |
| Long-term investments | 7,487,000,000 | 6,548,000,000 | 5,502,000,000 | 5,294,000,000 |
| Tax assets | 2,163,000,000 | 2,676,000,000 | 2,197,000,000 | 2,095,000,000 |
| Other non-current assets | 4,663,000,000 | 5,151,000,000 | 4,199,000,000 | 4,403,000,000 |
| Total non-current assets | 50,106,000,000 | 52,721,000,000 | 47,760,000,000 | 53,638,000,000 |
| Other assets | 0 | 0 | 0 | -1,000,000 |
| Total assets | 70,362,000,000 | 74,122,000,000 | 68,331,000,000 | 72,159,000,000 |
| Total payables | 3,446,000,000 | 3,584,000,000 | 2,919,000,000 | 3,091,000,000 |
| Accounts payable | 2,431,000,000 | 1,990,000,000 | 1,783,000,000 | 2,146,000,000 |
| Other payables | 1,015,000,000 | 1,594,000,000 | 1,136,000,000 | 945,000,000 |
| Accrued expenses | 0 | 0 | 0 | 0 |
| Short-term debt | 2,050,000,000 | 3,636,000,000 | 1,143,000,000 | 3,984,000,000 |
| Capital lease obligations (current) | 0 | 295,000,000 | 294,000,000 | 349,000,000 |
| Tax payables | 0 | 1,594,000,000 | 266,000,000 | 278,000,000 |
| Deferred revenue | 6,581,000,000 | 5,978,000,000 | 4,975,000,000 | 5,309,000,000 |
| Other current liabilities | 5,173,000,000 | 5,586,000,000 | 5,310,000,000 | 4,720,000,000 |
| Total current liabilities | 17,250,000,000 | 19,079,000,000 | 14,641,000,000 | 17,453,000,000 |
| Long-term debt | 6,021,000,000 | 5,300,000,000 | 6,027,000,000 | 6,961,000,000 |
| Capital lease obligations (non-current) | 0 | 1,420,000,000 | 1,327,000,000 | 1,791,000,000 |
| Deferred revenue (non-current) | 144,000,000 | 88,000,000 | 33,000,000 | 33,000,000 |
| Deferred tax liabilities (non-current) | 72,000,000 | 215,000,000 | 267,000,000 | 241,000,000 |
| Other non-current liabilities | 1,638,000,000 | 2,212,000,000 | 2,630,000,000 | 2,832,000,000 |
| Total non-current liabilities | 7,875,000,000 | 9,235,000,000 | 10,284,000,000 | 11,858,000,000 |
| Other liabilities | 0 | 0 | 0 | 0 |
| Capital lease obligations | 0 | 1,715,000,000 | 1,621,000,000 | 2,140,000,000 |
| Total liabilities | 25,125,000,000 | 28,314,000,000 | 24,925,000,000 | 29,311,000,000 |
| Treasury stock | -6,948,000,000 | -5,954,000,000 | -4,741,000,000 | -4,341,000,000 |
| Preferred stock | 0 | 0 | 0 | 0 |
| Common stock | 1,229,000,000 | 1,229,000,000 | 1,229,000,000 | 1,229,000,000 |
| Retained earnings | 47,511,000,000 | 42,907,000,000 | 42,457,000,000 | 36,418,000,000 |
| Additional paid-in capital | 2,778,000,000 | 2,564,000,000 | 1,845,000,000 | 3,081,000,000 |
| Accumulated other comprehensive income/loss | 182,000,000 | 0 | 0 | 0 |
| Other stockholders' equity | 0 | 4,694,000,000 | 2,367,000,000 | 3,799,000,000 |
| Total stockholders' equity | 44,752,000,000 | 45,440,000,000 | 43,157,000,000 | 40,186,000,000 |
| Total equity | 45,240,000,000 | 45,808,000,000 | 43,406,000,000 | 42,848,000,000 |
| Minority interest | 488,000,000 | 368,000,000 | 249,000,000 | 2,662,000,000 |
| Total liabilities and total equity | 70,362,000,000 | 74,122,000,000 | 68,331,000,000 | 72,159,000,000 |
| Total investments | 9,039,000,000 | 8,177,000,000 | 8,659,000,000 | 5,978,000,000 |
| Total debt | 8,071,000,000 | 10,651,000,000 | 8,791,000,000 | 13,085,000,000 |
| Net debt | -149,000,000 | 1,042,000,000 | 667,000,000 | 4,077,000,000 |
SAP SE Cash Flow Statement
Chart
| Period end | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Cash from operations | 9,156,000,000 | 5,207,000,000 | 6,246,000,000 | 5,647,000,000 |
| Cash from investing | -965,000,000 | -93,000,000 | 1,389,000,000 | 667,000,000 |
| Cash from financing | -8,745,000,000 | -3,961,000,000 | -8,131,000,000 | -6,337,000,000 |
| Net change in cash | -1,389,000,000 | 1,485,000,000 | -884,000,000 | 110,000,000 |
All line items
| Line item | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Net income | 7,326,000,000 | 3,150,000,000 | 3,601,000,000 | 3,278,000,000 |
| Depreciation and amortization | 1,311,000,000 | 1,280,000,000 | 1,373,000,000 | 1,569,000,000 |
| Deferred income tax | 2,944,000,000 | 1,614,000,000 | 1,741,000,000 | -258,000,000 |
| Stock-based compensation | 1,695,000,000 | 2,385,000,000 | 2,220,000,000 | 1,431,000,000 |
| Change in working capital | -664,000,000 | 623,000,000 | -27,000,000 | -220,000,000 |
| Accounts receivable | -388,000,000 | -247,000,000 | -393,000,000 | 196,000,000 |
| Inventory | 0 | 0 | 0 | 0 |
| Accounts payable | -308,000,000 | 603,000,000 | 633,000,000 | 154,000,000 |
| Other working capital | 32,000,000 | 267,000,000 | -267,000,000 | -570,000,000 |
| Other non-cash items | -3,456,000,000 | -3,845,000,000 | -2,662,000,000 | -153,000,000 |
| Net cash from operating activities | 9,156,000,000 | 5,207,000,000 | 6,246,000,000 | 5,647,000,000 |
| Investments in property, plant and equipment | -739,000,000 | -797,000,000 | -785,000,000 | -877,000,000 |
| Acquisitions (net) | -702,000,000 | -1,114,000,000 | -1,259,000,000 | -390,000,000 |
| Purchases of investments | -5,845,000,000 | -6,401,000,000 | -3,566,000,000 | -2,320,000,000 |
| Sales/maturities of investments | 5,779,000,000 | 7,533,000,000 | 907,000,000 | 4,190,000,000 |
| Other investing activities | 542,000,000 | 686,000,000 | 6,092,000,000 | 64,000,000 |
| Net cash from investing activities | -965,000,000 | -93,000,000 | 1,389,000,000 | 667,000,000 |
| Net debt issuance | -3,488,000,000 | 1,272,000,000 | -4,400,000,000 | -1,697,000,000 |
| Long-term net debt issuance | -3,488,000,000 | 1,272,000,000 | -4,400,000,000 | -1,697,000,000 |
| Short-term net debt issuance | 0 | 0 | 0 | 0 |
| Net stock issuance | -1,937,000,000 | -2,106,000,000 | -949,000,000 | -1,500,000,000 |
| Net common stock issuance | -1,937,000,000 | -2,106,000,000 | -949,000,000 | -1,500,000,000 |
| Common stock issuance | 0 | 0 | 0 | 0 |
| Common stock repurchased | -1,937,000,000 | -2,106,000,000 | -949,000,000 | -1,500,000,000 |
| Net preferred stock issuance | 0 | 0 | 0 | 0 |
| Net dividends paid | -2,743,000,000 | -2,565,000,000 | -2,395,000,000 | -2,865,000,000 |
| Common dividends paid | -2,743,000,000 | -2,565,000,000 | -2,395,000,000 | -2,865,000,000 |
| Preferred dividends paid | 0 | 0 | 0 | 0 |
| Other financing activities | -577,000,000 | -562,000,000 | -387,000,000 | -275,000,000 |
| Net cash from financing activities | -8,745,000,000 | -3,961,000,000 | -8,131,000,000 | -6,337,000,000 |
| Effect of FX changes on cash | -836,000,000 | 333,000,000 | -388,000,000 | 133,000,000 |
| Net change in cash | -1,389,000,000 | 1,485,000,000 | -884,000,000 | 110,000,000 |
| Cash at end of period | 8,220,000,000 | 9,609,000,000 | 8,124,000,000 | 9,008,000,000 |
| Cash at beginning of period | 9,609,000,000 | 8,124,000,000 | 9,008,000,000 | 8,898,000,000 |
| Operating cash flow | 9,156,000,000 | 5,207,000,000 | 6,246,000,000 | 5,647,000,000 |
| Capital expenditure | -739,000,000 | -797,000,000 | -785,000,000 | -877,000,000 |
| Free cash flow | 8,417,000,000 | 4,410,000,000 | 5,461,000,000 | 4,770,000,000 |
| Income taxes paid | 0 | 0 | 0 | 0 |
| Interest paid | 0 | 0 | 0 | 0 |