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SAP (SAP) Financials

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$173.63 -1.08 (-0.62%)
Closing price 05/8/2026 03:59 PM Eastern
Extended Trading
$174.06 +0.42 (+0.24%)
As of 05/8/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for SAP

Annual Income Statements for SAP

This table shows SAP's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 3,329 3,831 4,815 4,673 3,727 6,285 6,222 2,443 6,791 3,234 8,404
Consolidated Net Income / (Loss)		 3,320 3,818 4,860 4,679 3,782 6,454 6,085 1,827 6,597 3,261 8,598
Net Income / (Loss) Continuing Operations		 3,320 3,819 4,860 4,680 3,782 6,453 7,722 3,281 3,982 3,261 8,598
Total Pre-Tax Income 		4,336 5,125 6,041 6,409 5,158 8,820 9,626 4,828 5,908 4,931 12,053
Total Operating Income		 4,620 5,402 5,858 6,527 5,020 8,091 9,604 6,327 6,415 4,829 11,287
Total Gross Profit		 15,807 16,284 19,712 19,738 21,546 23,764 22,335 22,981 24,927 25,807 31,469
Total Revenue		 22,593 23,209 28,182 28,279 30,922 33,396 22,604 31,580 34,521 35,376 43,188
Operating Revenue		 22,593 23,210 28,182 28,279 30,922 33,396 22,604 31,579 34,521 35,376 43,188
Total Cost of Revenue		 6,785 6,925 8,470 8,540 9,376 9,634 5,564 8,599 9,595 9,567 11,720
Operating Cost of Revenue		 6,785 6,926 8,471 8,540 9,376 9,632 5,564 8,599 9,595 9,567 11,720
Total Operating Expenses		 11,186 10,883 13,853 13,188 16,526 15,672 7,436 16,656 18,512 20,979 20,182
Selling, General & Admin Expense		 1,139 1,057 1,291 1,257 1,828 1,656 1,343 1,379 1,509 1,485 1,916
Marketing Expense		 6,282 6,591 8,317 7,761 8,634 8,681 - 8,501 9,766 9,409 10,420
Research & Development Expense		 3,091 3,202 4,027 4,148 4,817 5,441 5,965 6,504 6,996 6,743 7,784
Other Operating Expenses / (Income)		 -1.09 3.16 -1.20 23 -20 -103 -50 124 4.42 88 58
Restructuring Charge		 675 29 219 22 1,268 -3.66 178 148 238 3,254 3.52
Total Other Income / (Expense), net		 -284 -277 183 -118 139 729 22 -1,498 -508 104 765
Interest Expense		 267 272 346 478 661 851 - 2,354 1,452 1,067 1,616
Interest & Investment Income		 262 242 572 425 883 1,799 - 868 948 1,479 2,243
Other Income / (Expense), net		 -278 -246 -43 -64 -83 -219 22 -12 -3.32 -308 138
Income Tax Expense		 1,016 1,307 1,181 1,729 1,376 2,367 1,904 1,547 1,926 1,671 3,455
Other Adjustments to Consolidated Net Income / (Loss)		 - - - - - - -1,638 -1,454 2,614 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 8.69 14 -46 -6.87 -56 -169 -137 616 194 -27 -194
Basic Earnings per Share		 $2.56 $3.04 $4.02 $3.42 $2.78 $5.31 $4.46 $2.09 $5.82 $2.77 $7.21
Weighted Average Basic Shares Outstanding		 - - 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B
Diluted Earnings per Share		 $2.56 $3.04 $4.02 $3.42 $2.78 $5.31 $4.46 $2.08 $5.75 $2.74 $7.16
Weighted Average Diluted Shares Outstanding		 - - 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B
Weighted Average Basic & Diluted Shares Outstanding		 - - 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B

Quarterly Income Statements for SAP

No quarterly income statements for SAP are available.

Annual Cash Flow Statements for SAP

This table details how cash moves in and out of SAP's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 90 306 -2,627 5,284 -3,718 -151 4,060 94 -8,909 1,537 -1,631
Net Cash From Operating Activities		 3,953 4,869 2,460 4,925 3,923 4,195 7,043 581 1,012 5,390 10,745
Net Cash From Continuing Operating Activities		 3,951 4,869 2,460 7,146 6,744 4,195 6,997 581 1,012 5,390 10,745
Net Income / (Loss) Continuing Operations		 3,320 3,818 0.00 4,679 3,782 0.00 7,722 0.00 0.00 3,261 8,598
Consolidated Net Income / (Loss)		 3,320 3,818 - 4,679 3,782 - 6,085 - - 3,261 8,598
Depreciation Expense		 1,401 1,334 1,528 1,559 2,101 2,237 1,740 1,679 1,519 1,325 1,539
Non-Cash Adjustments To Reconcile Net Income		 787 1,061 460 3,213 3,910 1,958 247 -1,098 -507 3,169 3,621
Changes in Operating Assets and Liabilities, net		 -1,557 -1,344 472 -2,304 -3,049 - -2,712 - - -2,367 -3,010
Net Cash From Discontinued Operating Activities		 - - - - - - 46 - - 0.00 0.00
Net Cash From Investing Activities		 -363 -1,893 -1,335 -3,509 -7,879 -3,649 -3,467 747 -4,992 -96 -1,133
Net Cash From Continuing Investing Activities		 -362 -1,894 -1,335 -3,509 -7,881 -3,649 -3,232 747 -4,992 -96 -1,133
Purchase of Property, Plant & Equipment		 -691 -1,053 -1,532 -1,669 -917 -997 2,861 -938 -868 -825 -867
Acquisitions		 246 -112 -350 -2,449 -6,975 -809 -1,168 -726 -1,292 -1,153 -824
Purchase of Investments		 -2,033 -1,630 -3,500 -1,159 -1,010 -3,097 -4,944 -2,482 -3,945 -6,626 -6,860
Sale of Property, Plant & Equipment		 74 66 117 65 80 108 101 102 110 126 142
Divestitures		 - - 0.00 0.00 68 248 81 309 0.00 0.00 0.00
Sale and/or Maturity of Investments		 2,043 834 3,930 1,703 873 898 - 4,482 1,003 8,380 7,275
Net Cash From Discontinued Investing Activities		 - - - - - - -235 - - 0.00 0.00
Net Cash From Financing Activities		 -3,646 -2,846 -3,491 3,757 114 -436 -63 -1,377 -4,500 -4,100 -10,263
Net Cash From Continuing Financing Activities		 -3,646 -2,874 -3,491 3,757 116 -436 -3,265 -1,377 -4,500 -4,100 -10,263
Repayment of Debt		 -4,185 -1,894 -1,671 -1,610 -1,921 -2,969 -2,634 -1,546 -4,514 -2,117 -4,770
Repurchase of Common Equity		 0.00 0.00 - 0.00 0.00 - 0.00 - - -2,180 -2,273
Payment of Dividends		 -1,430 -1,450 -1,855 -1,920 -2,028 - -2,531 - - -2,656 -3,222
Issuance of Debt		 1,899 466 32 7,288 4,065 2,604 1,901 169 14 2,864 2.35
Other Financing Activities, net		 0.00 3.16 2.40 0.00 0.00 -72 -2.26 0.00 0.00 -11 0.00
Net Cash From Discontinued Financing Activities		 - - - - - - 3,201 - - 0.00 0.00

Quarterly Cash Flow Statements for SAP

No quarterly cash flow statements for SAP are available.

Annual Balance Sheets for SAP

This table presents SAP's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 46,579 51,034 58,945 67,574 71,420 80,555 77,196 75,588 76,843 82,577
Total Current Assets		 12,165 14,331 19,022 17,073 18,408 22,686 19,815 22,756 22,152 23,772
Cash & Equivalents		 3,895 4,818 9,874 5,964 6,488 10,071 9,637 8,987 9,946 9,647
Short-Term Investments		 1,182 1,189 513 333 1,997 3,122 913 3,699 1,686 1,821
Accounts Receivable		 6,232 7,086 7,281 8,875 8,054 7,189 6,671 6,993 7,012 7,834
Current Deferred & Refundable Income Taxes		 245 368 335 568 257 456 307 450 732 702
Other Current Nonoperating Assets		 611 - 1,017 1,333 1,614 1,848 2,288 2,626 2,776 3,770
Plant, Property, & Equipment, net		 2,714 3,564 4,066 6,168 6,158 5,633 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 31,701 33,139 35,856 44,332 46,856 52,236 48,002 48,102 50,040 53,527
Noncurrent Note & Lease Receivables		 133 142 135 145 167 166 181 225 216 256
Goodwill		 24,523 25,552 27,166 32,724 33,641 35,187 35,386 32,169 32,361 34,051
Intangible Assets		 3,983 3,564 3,693 5,040 4,623 4,488 - 2,771 2,801 2,678
Noncurrent Deferred & Refundable Income Taxes		 1,074 1,669 1,615 1,892 1,782 2,319 2,587 2,853 3,139 2,825
Other Noncurrent Operating Assets		 1,988 825 3,247 4,531 6,643 10,076 9,849 10,084 11,522 13,717
Total Liabilities & Shareholders' Equity		 46,579 51,034 58,945 67,574 71,420 80,555 77,196 75,588 76,843 82,577
Total Liabilities		 18,810 20,384 25,893 32,983 34,861 33,559 31,357 27,572 29,429 29,678
Total Current Liabilities		 10,177 12,265 12,001 16,230 15,688 18,263 18,671 16,196 19,752 20,439
Short-Term Debt		 1,907 1,875 1,288 3,673 2,868 5,125 5,144 1,919 4,427 2,406
Accounts Payable		 1,348 1,383 1,706 1,774 1,670 1,788 2,296 1,972 2,058 2,853
Current Deferred & Payable Income Tax Liabilities		 332 717 699 286 506 344 303 294 606 1,136
Other Current Liabilities		 6,398 4,962 4,715 5,431 5,672 5,889 5,154 6,247 5,731 5,691
Other Current Nonoperating Liabilities		 193 - 126 5,065 4,971 5,116 5,776 5,763 6,929 8,354
Total Noncurrent Liabilities		 8,632 8,119 13,892 16,754 19,174 15,296 12,686 11,376 9,677 9,240
Long-Term Debt		 6,818 6,047 12,078 14,503 16,620 12,497 10,213 8,784 7,421 7,066
Noncurrent Deferred & Payable Income Tax Liabilities		 816 823 683 692 1,008 1,271 1,213 1,262 867 744
Other Noncurrent Operating Liabilities		 512 537 457 485 606 555 504 558 613 817
Other Noncurrent Nonoperating Liabilities		 485 617 573 1,074 941 973 754 772 775 615
Total Equity & Noncontrolling Interests		 27,770 30,650 33,050 34,590 36,559 46,996 45,839 48,016 47,414 52,898
Total Preferred & Common Equity		 27,748 30,613 32,999 34,505 36,301 43,974 42,991 47,740 47,033 52,326
Total Common Equity		 27,748 29,929 33,000 34,505 36,301 43,974 42,991 47,740 47,033 52,326
Common Stock		 1,293 1,476 1,407 1,991 2,167 3,562 4,611 1,360 1,272 1,442
Retained Earnings		 23,462 29,754 31,368 32,302 39,123 41,901 38,960 46,966 44,413 55,564
Treasury Stock		 -1,156 -1,911 -1,808 -1,773 -3,753 -3,477 -4,644 -5,244 -6,163 -8,154
Other Equity Adjustments		 4,150 610 2,034 1,986 -1,236 1,987 4,066 2,618 4,857 3,260
Noncontrolling Interest		 22 37 52 85 258 3,022 2,848 275 381 573

Quarterly Balance Sheets for SAP

This table presents SAP's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q4 2020 Q4 2021 Q4 2022 Q4 2023 Q4 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 71,420 80,555 77,196 75,588 76,724
Total Current Assets		 18,408 22,686 19,815 22,756 22,152
Cash & Equivalents		 6,488 10,071 9,637 8,987 9,946
Short-Term Investments		 1,997 3,122 913 3,699 1,686
Accounts Receivable		 8,054 7,189 6,671 6,993 7,012
Current Deferred & Refundable Income Taxes		 257 456 307 450 732
Other Current Nonoperating Assets		 1,614 1,848 2,288 2,626 2,776
Plant, Property, & Equipment, net		 6,158 5,633 0.00 0.00 0.00
Total Noncurrent Assets		 46,856 52,236 48,002 48,102 49,921
Noncurrent Note & Lease Receivables		 167 166 181 225 216
Goodwill		 33,641 35,187 35,386 32,169 32,240
Intangible Assets		 4,623 4,488 - 2,771 2,801
Noncurrent Deferred & Refundable Income Taxes		 1,782 2,319 2,587 2,853 3,142
Other Noncurrent Operating Assets		 6,643 10,076 9,849 10,084 11,522
Total Liabilities & Shareholders' Equity		 71,420 80,555 77,196 75,588 76,724
Total Liabilities		 34,861 33,559 31,357 27,572 29,308
Total Current Liabilities		 15,688 18,263 18,671 16,196 19,749
Short-Term Debt		 2,868 5,125 5,144 1,919 4,427
Accounts Payable		 1,670 1,788 2,296 1,972 2,060
Current Deferred & Payable Income Tax Liabilities		 506 344 303 294 606
Other Current Liabilities		 5,672 5,889 5,154 6,247 5,727
Other Current Nonoperating Liabilities		 4,971 5,116 5,776 5,763 6,929
Total Noncurrent Liabilities		 19,174 15,296 12,686 11,376 9,559
Long-Term Debt		 16,620 12,497 10,213 8,784 7,421
Noncurrent Deferred & Payable Income Tax Liabilities		 1,008 1,271 1,213 1,262 749
Other Noncurrent Operating Liabilities		 606 555 504 558 613
Other Noncurrent Nonoperating Liabilities		 941 973 754 772 775
Total Equity & Noncontrolling Interests		 36,559 46,996 45,839 48,016 47,416
Total Preferred & Common Equity		 36,301 43,974 42,991 47,740 47,035
Preferred Stock		 - - - 2,041 2,654
Total Common Equity		 36,301 43,974 42,991 47,740 47,035
Common Stock		 2,167 3,562 4,611 1,360 1,272
Retained Earnings		 39,123 41,901 38,960 46,966 44,413
Treasury Stock		 -3,753 -3,477 -4,644 -5,244 -6,163
Other Equity Adjustments		 -1,236 1,987 4,066 2,618 4,859
Noncontrolling Interest		 258 3,022 2,848 275 381

Annual Metrics And Ratios for SAP

This table displays calculated financial ratios and metrics derived from SAP's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 2.73% 21.43% 0.34% 9.35% 8.00% -32.31% 39.71% 9.31% 2.48% 22.09%
EBITDA Growth		 0.00% 13.02% 13.15% 9.24% -12.27% 43.64% 12.43% -29.67% -0.79% -26.29% 121.78%
EBIT Growth		 0.00% 18.75% 12.79% 11.14% -41.12% 59.46% 22.28% -34.40% 1.53% -29.50% 152.75%
NOPAT Growth		 0.00% 13.77% 17.10% 1.12% -22.77% 60.81% 30.17% -44.20% 0.56% -26.16% 152.16%
Net Income Growth		 0.00% 14.97% 27.31% -3.73% -38.33% 70.64% -5.72% -69.97% 261.06% -50.58% 163.69%
EPS Growth		 0.00% 18.75% 32.38% 2.09% -18.71% 91.15% 2.53% -53.47% 177.16% -52.31% 160.99%
Operating Cash Flow Growth		 0.00% 23.17% -49.47% 74.98% -20.33% 6.92% 67.90% -91.75% 74.24% 433.82% 99.37%
Free Cash Flow Firm Growth		 0.00% 0.00% 116.04% -80.74% -1,539.87% 144.86% -26.81% 270.62% -68.03% -89.27% 934.15%
Invested Capital Growth		 0.00% 0.00% 0.98% 12.32% 43.58% 1.15% 7.34% -18.25% -0.65% 5.97% 6.08%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 69.97% 70.16% 69.95% 69.80% 139.36% 71.16% 98.81% 72.77% 72.21% 72.95% 72.86%
EBITDA Margin		 25.42% 55.92% 26.06% 28.37% 109.54% 30.27% 50.28% 25.31% 22.97% 16.52% 30.02%
Operating Margin		 20.45% 46.55% 20.79% 23.08% 47.33% 24.23% 42.49% 20.03% 18.58% 13.65% 26.13%
EBIT Margin		 19.22% 44.43% 20.63% 22.85% 31.93% 23.57% 42.58% 20.00% 18.57% 12.78% 26.45%
Profit (Net Income) Margin		 14.70% 16.45% 17.25% 16.55% 24.46% 19.32% 26.92% 5.79% 19.11% 9.22% 19.91%
Tax Burden Percent		 76.57% 74.49% 80.45% 73.00% 146.65% 73.17% 63.21% 37.85% 111.66% 66.12% 71.33%
Interest Burden Percent		 99.87% 198.82% 103.88% 99.17% 208.98% 112.04% 100.00% 76.45% 92.15% 109.09% 105.50%
Effective Tax Rate		 23.43% 25.49% 19.55% 26.98% 26.68% 26.84% 19.78% 32.04% 32.60% 33.88% 28.67%
Return on Invested Capital (ROIC)		 0.00% 25.57% 14.90% 14.12% 8.46% 11.48% 14.33% 8.50% 9.53% 6.86% 16.31%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 14.41% 20.94% 9.54% 9.51% 14.82% 0.81% -50.77% -135.67% 0.99% -52.83%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 1.93% 1.74% 0.57% 2.72% 6.66% 0.23% -4.56% 4.53% -0.02% 0.83%
Return on Equity (ROE)		 0.00% 27.50% 16.64% 14.69% 22.37% 18.14% 14.56% 3.94% 14.06% 6.83% 17.14%
Cash Return on Invested Capital (CROIC)		 0.00% 154.70% 13.92% 2.51% -24.95% 10.33% 7.26% 28.58% 10.19% 1.06% 10.41%
Operating Return on Assets (OROA)		 0.00% 22.68% 11.91% 11.75% 15.61% 11.33% 12.67% 8.01% 8.39% 5.94% 14.33%
Return on Assets (ROA)		 0.00% 8.20% 9.96% 8.51% 5.98% 9.29% 8.01% 2.32% 8.64% 4.28% 10.79%
Return on Common Equity (ROCE)		 0.00% 27.47% 16.43% 14.51% 22.50% 18.05% 13.99% 3.69% 13.59% 6.79% 16.98%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 29.18% 15.88% 14.18% 21.92% 17.78% 13.84% 4.25% 13.82% 6.93% 0.00%
Net Operating Profit after Tax (NOPAT)		 3,538 4,025 4,713 4,766 3,681 5,919 7,705 4,300 4,324 3,193 8,051
NOPAT Margin		 15.66% 46.04% 16.72% 16.85% 11.90% 17.72% 34.09% 13.61% 12.53% 9.03% 18.64%
Net Nonoperating Expense Percent (NNEP)		 0.00% 11.15% -6.04% 4.58% -1.05% -3.34% 13.52% 59.27% 145.20% 5.87% 69.14%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 7.03% 7.36% 5.39% 12.91%
Cost of Revenue to Revenue		 30.03% 99.87% 30.05% 30.20% 81.26% 28.85% 24.61% 27.23% 27.80% 27.05% 27.14%
SG&A Expenses to Revenue		 5.04% 9.11% 4.58% 4.44% 11.82% 4.96% 5.94% 4.37% 4.37% 4.20% 4.44%
R&D to Revenue		 13.68% 27.60% 14.29% 14.67% 31.15% 16.29% 26.39% 20.60% 20.26% 19.06% 18.02%
Operating Expenses to Revenue		 49.51% 46.89% 49.15% 46.64% 106.89% 46.93% 32.90% 52.74% 53.63% 59.30% 46.73%
Earnings before Interest and Taxes (EBIT)		 4,342 5,156 5,815 6,463 4,937 7,872 9,626 6,315 6,412 4,520 11,425
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5,742 6,490 7,343 8,022 7,038 10,109 11,366 7,994 7,930 5,845 12,964
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 3.39 4.42 4.10 3.74 2.86 3.93 6.43 5.70
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 52.28 0.00 0.00 38.28 16.19 14.65 25.22 19.13
Price to Revenue (P/Rev)		 0.00 0.00 0.00 3.95 4.93 4.45 7.28 3.90 5.43 8.55 6.91
Price to Earnings (P/E)		 0.00 0.00 0.00 23.93 40.93 23.67 26.46 50.40 27.62 93.54 35.51
Dividend Yield		 1.77% 1.70% 1.37% 1.82% 2.70% 1.43% 2.98% 2.07% 1.43% 0.97% 1.08%
Earnings Yield		 0.00% 0.00% 0.00% 4.18% 2.44% 4.23% 3.78% 1.98% 3.62% 1.07% 2.82%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 3.22 8.00 3.09 3.09 2.87 4.16 6.38 5.84
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 4.06 5.32 4.79 7.61 4.14 5.44 8.64 6.88
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 14.32 23.38 15.83 15.14 16.36 23.69 52.30 22.91
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 17.77 33.32 20.33 17.87 20.71 29.31 67.63 26.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 24.10 89.81 27.03 22.33 30.42 43.46 95.75 36.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 23.32 41.93 38.14 24.43 225.18 185.64 56.58 27.64
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 135.39 0.00 30.02 44.11 9.05 40.66 616.61 57.80
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.31 0.26 0.40 1.05 0.53 0.38 0.34 0.22 0.25 0.18
Long-Term Debt to Equity		 0.00 0.49 0.20 0.37 0.42 0.45 0.27 0.22 0.18 0.16 0.13
Financial Leverage		 0.00 0.27 0.08 0.06 0.29 0.45 0.29 0.09 -0.03 -0.02 -0.02
Leverage Ratio		 0.00 1.68 1.67 1.73 3.77 1.95 1.82 1.70 1.63 1.60 1.59
Compound Leverage Factor		 0.00 1.67 1.74 1.71 1.95 2.19 1.82 1.30 1.50 1.74 1.68
Debt to Total Capital		 0.00% 23.91% 20.54% 28.80% 34.45% 34.77% 27.27% 25.09% 18.23% 19.99% 15.19%
Short-Term Debt to Total Capital		 0.00% 10.45% 4.86% 2.77% 13.92% 5.12% 7.93% 8.41% 3.27% 7.47% 3.86%
Long-Term Debt to Total Capital		 0.00% 18.68% 15.68% 26.02% 27.49% 29.65% 19.34% 16.69% 14.96% 12.52% 11.33%
Preferred Equity to Total Capital		 0.00% 0.00% 1.78% 0.00% 0.00% 0.00% 0.00% 0.00% 3.48% 4.48% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.15% 0.10% 0.11% 0.16% 0.46% 4.68% 4.65% 0.47% 0.64% 0.92%
Common Equity to Total Capital		 0.00% 76.03% 77.59% 71.09% 131.17% 64.77% 68.05% 70.25% 81.30% 79.37% 83.90%
Debt to EBITDA		 0.00 2.69 1.08 1.67 2.58 1.93 1.55 1.92 1.35 2.03 0.73
Net Debt to EBITDA		 0.00 1.12 0.07 0.37 3.38 1.09 0.39 0.60 -0.25 0.04 -0.15
Long-Term Debt to EBITDA		 0.00 1.05 0.82 1.51 4.12 1.64 1.10 1.28 1.11 1.27 0.55
Debt to NOPAT		 0.00 4.34 1.68 2.80 4.94 3.29 2.29 3.57 2.48 3.71 1.18
Net Debt to NOPAT		 0.00 0.91 0.11 0.63 6.45 1.86 0.57 1.12 -0.46 0.07 -0.25
Long-Term Debt to NOPAT		 0.00 3.39 1.28 2.53 7.88 2.81 1.62 2.38 2.03 2.32 0.88
Altman Z-Score		 0.00 0.00 0.00 4.32 4.16 4.20 4.41 3.76 5.79 7.70 8.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.08% 1.27% 1.21% 0.20% 0.48% 3.93% 6.32% 3.33% 0.69% 0.95%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 8.12 1.17 1.59 9.45 1.17 1.24 1.06 1.41 1.12 1.16
Quick Ratio		 0.00 1.11 1.07 1.47 9.34 1.05 1.12 0.92 1.22 0.94 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -27,460 4,404 848 -11,881 5,330 3,901 14,457 4,622 496 5,138
Operating Cash Flow to CapEx		 640.49% 493.39% 173.85% 307.14% 468.63% 471.70% 0.00% 69.44% 133.38% 773.33% 1,481.55%
Free Cash Flow to Firm to Interest Expense		 0.00 -100.78 12.73 1.77 -17.97 6.26 0.00 6.14 3.18 0.46 3.18
Operating Cash Flow to Interest Expense		 14.79 17.87 7.11 10.29 5.94 4.93 0.00 0.25 0.70 5.06 6.65
Operating Cash Flow Less CapEx to Interest Expense		 12.48 14.25 3.02 6.94 4.67 3.88 0.00 -0.11 0.17 4.41 6.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.50 0.58 0.51 1.18 0.48 0.30 0.40 0.45 0.46 0.54
Accounts Receivable Turnover		 0.00 3.72 4.23 3.94 9.17 3.95 2.97 4.56 5.05 5.05 5.82
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 8.55 8.98 7.41 6.04 5.42 3.83 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 10.28 6.20 5.53 17.68 5.59 3.22 4.21 4.50 4.75 4.77
Days Sales Outstanding (DSO)		 0.00 198.10 86.24 92.72 95.35 92.51 123.07 80.10 72.24 72.25 62.73
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 149.09 58.83 66.01 135.50 65.25 113.43 86.68 81.18 76.91 76.47
Cash Conversion Cycle (CCC)		 0.00 26.98 27.42 26.71 66.25 27.26 9.64 -6.58 -8.94 -4.66 -13.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 31,485 31,795 35,712 51,274 51,863 55,668 45,510 45,213 47,910 50,822
Invested Capital Turnover		 0.00 4.04 0.89 0.84 0.71 0.65 0.42 0.62 0.76 0.76 0.87
Increase / (Decrease) in Invested Capital		 0.00 31,485 309 3,918 15,562 589 3,804 -10,157 -298 2,697 2,913
Enterprise Value (EV)		 0.00 0.00 0.00 114,866 164,515 160,016 172,047 130,806 187,895 305,720 296,992
Market Capitalization		 0.00 0.00 0.00 111,836 152,550 148,755 164,596 123,151 187,561 302,470 298,416
Book Value per Share		 $0.00 $0.00 $24.36 $26.86 $28.09 $29.55 $35.79 $34.99 $38.86 $38.29 $42.59
Tangible Book Value per Share		 $0.00 $0.00 $0.66 $1.74 ($2.65) ($1.60) $3.50 $6.19 $10.42 $9.76 $12.70
Total Capital		 0.00 36,495 38,572 46,416 52,766 56,047 64,618 61,196 58,719 59,264 62,370
Total Debt		 0.00 8,725 7,922 13,366 18,176 19,488 17,622 15,357 10,704 11,848 9,472
Total Long-Term Debt		 0.00 6,818 6,047 12,078 14,503 16,620 12,497 10,213 8,784 7,421 7,066
Net Debt		 0.00 3,648 527 2,979 11,879 11,003 4,430 4,808 -1,982 215 -1,996
Capital Expenditures (CapEx)		 617 987 1,415 1,603 837 889 -2,962 837 759 699 725
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -1,181 -2,066 -2,078 -1,781 -2,896 -3,644 -4,262 -4,207 -4,802 -5,730
Debt-free Net Working Capital (DFNWC)		 0.00 3,896 3,941 8,308 4,516 5,589 9,548 6,287 8,479 6,831 5,739
Net Working Capital (NWC)		 0.00 1,988 2,066 7,020 843 2,721 4,423 1,144 6,560 2,404 3,333
Net Nonoperating Expense (NNE)		 217 207 -147 87 -101 -535 1,620 2,472 -2,274 -68 -547
Net Nonoperating Obligations (NNO)		 0.00 3,716 1,145 2,662 16,684 15,304 8,672 -328 -2,803 494 -2,076
Total Depreciation and Amortization (D&A)		 1,401 1,334 1,528 1,559 2,101 2,237 1,740 1,679 1,519 1,325 1,539
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 3.47% -7.33% -7.35% 10.72% -8.67% -16.12% -13.50% -12.19% -13.57% -13.27%
Debt-free Net Working Capital to Revenue		 0.00% 33.57% 13.98% 29.38% 14.60% 16.73% 42.24% 19.91% 24.56% 19.31% 13.29%
Net Working Capital to Revenue		 0.00% 23.96% 7.33% 24.83% 32.79% 8.15% 19.57% 3.62% 19.00% 6.79% 7.72%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $4.03 $3.42 $2.78 $4.35 $4.46 $2.09 $5.26 $2.77 $7.21
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $4.03 $3.42 $2.78 $4.35 $4.46 $2.08 $5.20 $2.74 $7.16
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B 1.23B
Normalized Net Operating Profit after Tax (NOPAT)		 4,054 4,047 4,889 4,782 4,611 5,916 7,848 4,400 4,484 5,345 8,054
Normalized NOPAT Margin		 17.95% 17.44% 17.35% 16.91% 14.91% 17.72% 34.72% 13.93% 12.99% 15.11% 18.65%
Pre Tax Income Margin		 19.19% 44.17% 21.44% 22.66% 16.68% 26.41% 42.58% 15.29% 17.11% 13.94% 27.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 16.24 18.92 16.81 13.51 7.47 9.25 0.00 2.68 4.41 4.24 7.07
NOPAT to Interest Expense		 13.24 14.77 13.62 9.96 5.57 6.95 0.00 1.83 2.98 2.99 4.98
EBIT Less CapEx to Interest Expense		 13.94 15.30 12.72 10.16 6.20 8.20 0.00 2.33 3.89 3.58 6.62
NOPAT Less CapEx to Interest Expense		 10.93 11.15 9.53 6.61 4.30 5.91 0.00 1.47 2.45 2.34 4.53
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 43.06% 75.94% 38.16% 41.05% 107.24% 0.00% 41.59% 0.00% 0.00% 81.46% 37.47%
Augmented Payout Ratio		 43.06% 37.97% 38.16% 41.05% 53.62% 0.00% 41.59% 0.00% 0.00% 148.32% 63.91%

Quarterly Metrics And Ratios for SAP

No quarterly metrics and ratios for SAP are available.


Financials Breakdown Chart

Key Financial Trends

Below is a concise trend snapshot of SAP SE’s balance sheet data from 2022 through 2024 (latest filings show FY2024 as of 2024-12-31). The data indicates liquidity improved in 2023, debt levels declined, and the asset base remained broadly stable, with some shifts in working capital and earnings retention in 2024.

  • Strong 2024 cash position: Cash & Equivalents rose to about $9.95B in 2024 from $8.99B in 2023, supporting liquidity and flexibility.
  • Debt load declined over the period: Long-term debt fell from about $10.21B in 2022 to $7.42B in 2024, improving leverage metrics.
  • Near-term debt reduced: Short-term debt decreased substantially in 2023 (to about $1.92B) and remained at roughly $1.92B in 2024, reducing near-term financing pressure.
  • Improved current liquidity in 2023: Total current assets jumped to about $22.76B in 2023, helping the current ratio, and remained strong at about $22.15B in 2024.
  • Robust equity base: Total Equity & Noncontrolling Interests stayed around $47.4B–$48.0B in 2023–2024, indicating a solid capitalization base.
  • Accounts receivable growth supports activity: Accounts Receivable rose to about $7.01B in 2024 (vs. $6.99B in 2023), signaling ongoing revenue activity.
  • Asset base broadly stable: Total assets hovered in the mid-to-upper $76B range across 2022–2024, with 2024 at roughly $76.7B—close to 2022 levels.
  • Noncurrent asset mix steady: Noncurrent assets remained substantial (around $49B–$50B in 2022–2024), including Goodwill and Intangible Assets, suggesting ongoing investment in intangibles and acquisitions.
  • Goodwill remains a large component: Goodwill sits around $32B in 2023–2024, a persistent feature of SAP’s balance sheet that is typical for large software/technology groups with acquisitions.
  • 2024 retained earnings decline vs 2023: Retained Earnings dropped from about $46.97B in 2023 to about $38.96B in 2024, which may reflect restatements or earnings distribution effects and could be a point of scrutiny for profitability trends.
  • Near-term liabilities increased in 2024: Total Current Liabilities rose to about $19.75B in 2024 from $16.20B in 2023, indicating higher near-term obligations and working-capital needs.
  • 2024 asset peak not reached vs 2022: While 2024 assets (~$76.7B) are close, they did not surpass the 2022 peak (~$77.2B), a sign of limited net asset expansion over the period.
05/09/26 05:07 AM ETAI Generated. May Contain Errors.

SAP Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SAP's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SAP's net income appears to be on an upward trend, with a most recent value of $8.60 billion in 2025, rising from $3.32 billion in 2015. The previous period was $3.26 billion in 2024. View SAP's forecast to see where analysts expect SAP to go next.

SAP's total operating income in 2025 was $11.29 billion, based on the following breakdown:
  • Total Gross Profit: $31.47 billion
  • Total Operating Expenses: $20.18 billion

Over the last 10 years, SAP's total revenue changed from $22.59 billion in 2015 to $43.19 billion in 2025, a change of 91.2%.

SAP's total liabilities were at $29.68 billion at the end of 2025, a 0.8% increase from 2024, and a 57.8% increase since 2016.

In the past 9 years, SAP's cash and equivalents has ranged from $3.89 billion in 2016 to $10.07 billion in 2021, and is currently $9.65 billion as of their latest financial filing in 2025.

Over the last 10 years, SAP's book value per share changed from 0.00 in 2015 to 42.59 in 2025, a change of 4,259.3%.


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Financial statements for NYSE:SAP last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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