SAP (SAP) Financials

$303.17 +6.24 (+2.10%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$296.65 -6.52 (-2.15%)

As of 05/30/2025 07:51 PM Eastern

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

No quarterly income statements for SAP are available.

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	1,537	-8,909	94	4,060	-151	-3,718	5,284	-2,627	306	90
Net Cash From Operating Activities	5,403	1,012	581	7,043	4,195	3,923	4,925	2,460	4,869	3,953
Net Cash From Continuing Operating Activities	5,403	1,012	581	6,997	4,195	6,744	7,146	2,460	4,869	3,951
Net Income / (Loss) Continuing Operations	3,261	0.00	0.00	7,722	0.00	3,782	4,679	0.00	3,818	3,320
Consolidated Net Income / (Loss)	3,261	-	-	6,085	-	3,782	4,679	-	3,818	3,320
Depreciation Expense	1,325	1,519	1,679	1,740	2,237	2,101	1,559	1,528	1,334	1,401
Non-Cash Adjustments To Reconcile Net Income	3,169	-507	-1,098	247	1,958	3,910	3,213	460	1,061	787
Changes in Operating Assets and Liabilities, net	-2,354	-	-	-2,712	-	-3,049	-2,304	472	-1,344	-1,557
Net Cash From Discontinued Operating Activities	0.00	-	-	46	-	-	-	-	-	-
Net Cash From Investing Activities	-679	-4,992	747	-3,467	-3,649	-7,879	-3,509	-1,335	-1,893	-363
Net Cash From Continuing Investing Activities	-679	-4,992	747	-3,232	-3,649	-7,881	-3,509	-1,335	-1,894	-362
Purchase of Property, Plant & Equipment	-825	-868	-938	2,861	-997	-917	-1,669	-1,532	-1,053	-691
Acquisitions	-1,153	-1,292	-726	-1,168	-809	-6,975	-2,449	-350	-112	246
Purchase of Investments	-6,626	-3,945	-2,482	-4,944	-3,097	-1,010	-1,159	-3,500	-1,630	-2,033
Sale of Property, Plant & Equipment	126	110	102	101	108	80	65	117	66	74
Divestitures	0.00	0.00	309	81	248	68	0.00	0.00	-	-
Sale and/or Maturity of Investments	7,797	1,003	4,482	-	898	873	1,703	3,930	834	2,043
Net Cash From Discontinued Investing Activities	0.00	-	-	-235	-	-	-	-	-	-
Net Cash From Financing Activities	-3,532	-4,500	-1,377	-63	-436	114	3,757	-3,491	-2,846	-3,646
Net Cash From Continuing Financing Activities	-3,532	-4,500	-1,377	-3,265	-436	116	3,757	-3,491	-2,874	-3,646
Repayment of Debt	-1,547	-4,514	-1,546	-2,634	-2,969	-1,921	-1,610	-1,671	-1,894	-4,185
Repurchase of Common Equity	-2,180	-	-	0.00	-	0.00	0.00	-	0.00	0.00
Payment of Dividends	-2,656	-	-	-2,531	-	-2,028	-1,920	-1,855	-1,450	-1,430
Issuance of Debt	2,864	14	169	1,901	2,604	4,065	7,288	32	466	1,899
Other Financing Activities, net	-11	0.00	0.00	-2.26	-72	0.00	0.00	2.40	3.16	0.00
Net Cash From Discontinued Financing Activities	0.00	-	-	3,201	-	-	-	-	-	-

No quarterly cash flow statements for SAP are available.

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	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	76,724	75,588	77,196	80,555	71,420	67,574	58,945	51,034	46,579
Total Current Assets	22,152	22,756	19,815	22,686	18,408	17,073	19,022	14,331	12,165
Cash & Equivalents	9,946	8,987	9,637	10,071	6,488	5,964	9,874	4,818	3,895
Short-Term Investments	1,686	3,699	913	3,122	1,997	333	513	1,189	1,182
Accounts Receivable	7,012	6,993	6,671	7,189	8,054	8,875	7,281	7,086	6,232
Current Deferred & Refundable Income Taxes	732	450	307	456	257	568	335	368	245
Other Current Nonoperating Assets	2,776	2,626	2,288	1,848	1,614	1,333	1,017	-	611
Plant, Property, & Equipment, net	0.00	0.00	0.00	5,633	6,158	6,168	4,066	3,564	2,714
Total Noncurrent Assets	49,921	48,102	48,002	52,236	46,856	44,332	35,856	33,139	31,701
Noncurrent Note & Lease Receivables	216	225	181	166	167	145	135	142	133
Goodwill	32,240	32,169	35,386	35,187	33,641	32,724	27,166	25,552	24,523
Intangible Assets	2,801	2,771	-	4,488	4,623	5,040	3,693	3,564	3,983
Noncurrent Deferred & Refundable Income Taxes	3,142	2,853	2,587	2,319	1,782	1,892	1,615	1,669	1,074
Other Noncurrent Operating Assets	11,522	10,084	9,849	10,076	6,643	4,531	3,247	825	1,988
Total Liabilities & Shareholders' Equity	76,724	75,588	77,196	80,555	71,420	67,574	58,945	51,034	46,579
Total Liabilities	29,308	27,572	31,357	33,559	34,861	32,983	25,893	20,384	18,810
Total Current Liabilities	19,749	16,196	18,671	18,263	15,688	16,230	12,001	12,265	10,177
Short-Term Debt	4,427	1,919	5,144	5,125	2,868	3,673	1,288	1,875	1,907
Accounts Payable	2,060	1,972	2,296	1,788	1,670	1,774	1,706	1,383	1,348
Current Deferred & Payable Income Tax Liabilities	606	294	303	344	506	286	699	717	332
Other Current Liabilities	5,727	6,247	5,154	5,889	5,672	5,431	4,715	4,962	6,398
Other Current Nonoperating Liabilities	6,929	5,763	5,776	5,116	4,971	5,065	126	-	193
Total Noncurrent Liabilities	9,559	11,376	12,686	15,296	19,174	16,754	13,892	8,119	8,632
Long-Term Debt	7,421	8,784	10,213	12,497	16,620	14,503	12,078	6,047	6,818
Noncurrent Deferred & Payable Income Tax Liabilities	749	1,262	1,213	1,271	1,008	692	683	823	816
Other Noncurrent Operating Liabilities	613	558	504	555	606	485	457	537	512
Other Noncurrent Nonoperating Liabilities	775	772	754	973	941	1,074	573	617	485
Total Equity & Noncontrolling Interests	47,416	48,016	45,839	46,996	36,559	34,590	33,050	30,650	27,770
Total Preferred & Common Equity	47,035	47,740	42,991	43,974	36,301	34,505	32,999	30,613	27,748
Preferred Stock	2,654	2,041	-	-	-	-	-	685	-
Total Common Equity	47,035	47,740	42,991	43,974	36,301	34,505	33,000	29,929	27,748
Common Stock	1,272	1,360	4,611	3,562	2,167	1,991	1,407	1,476	1,293
Retained Earnings	44,413	46,966	38,960	41,901	39,123	32,302	31,368	29,754	23,462
Treasury Stock	-6,163	-5,244	-4,644	-3,477	-3,753	-1,773	-1,808	-1,911	-1,156
Other Equity Adjustments	4,859	2,618	4,066	1,987	-1,236	1,986	2,034	610	4,150
Noncontrolling Interest	381	275	2,848	3,022	258	85	52	37	22

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

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

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

No quarterly metrics and ratios for SAP are available.

Frequently Asked Questions About SAP's Financials

When does SAP's fiscal year end?

According to the most recent income statement we have on file, SAP's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has SAP's net income changed over the last 9 years?

SAP's net income for the last 5 years looks like this:

2020: $6.45 billion
2021: $6.08 billion
2022: $1.83 billion
2023: $6.60 billion
2024: $3.26 billion

See SAP's forecast for analyst expectations on what’s next for the company.

What is SAP's operating income?

SAP's total operating income in 2024 was $4.83 billion, based on the following breakdown:

Total Gross Profit: $25.81 billion
Total Operating Expenses: $20.98 billion

How has SAP revenue changed over the last 9 years?

Over the last 9 years, SAP's total revenue changed from $22.59 billion in 2015 to $35.38 billion in 2024, a change of 56.6%.

How much debt does SAP have?

SAP's total liabilities were at $29.31 billion at the end of 2024, a 6.3% increase from 2023, and a 55.8% increase since 2016.

How much cash does SAP have?

In the past 8 years, SAP's cash and equivalents has ranged from $3.89 billion in 2016 to $10.07 billion in 2021, and is currently $9.95 billion as of their latest financial filing in 2024.

How has SAP's book value per share changed over the last 9 years?

Over the last 9 years, SAP's book value per share changed from 0.00 in 2015 to 38.29 in 2024, a change of 3,828.6%.

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This page (NYSE:SAP) was last updated on 5/31/2025 by MarketBeat.com Staff

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SAP (SAP) Financials

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SAP (SAP) Financials

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