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SAP SE

SAP
Exchange
NYSE
Industry
Services-Prepackaged Software
SEC CIK
0001000184

No open-market purchases or sales by SAP SE insiders were filed in the last 90 days; 822 institutions reported holding it in 13F filings for Q2 2026, worth $13.0B in total; Harris Associates (Oakmark) is the only superinvestor holding it.

Other share classesSAPGF

Currency
EUR
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 12:03 PM ET

Amounts are in EUR, the currency SAP SE reports in. Lines marked ≈ US$ convert key figures to US dollars.

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of SAP SE, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
RevenueEUR 36.8B≈ US$41.6BEUR 34.2B≈ US$37.0BEUR 31.2B≈ US$33.8BEUR 30.9B≈ US$32.5BEUR 27.8B≈ US$32.9B
Cost of revenueEUR 9.99BEUR 9.24BEUR 8.67BEUR 8.94BEUR 7.95B
Gross profitEUR 26.8BEUR 24.9BEUR 22.5BEUR 21.9BEUR 19.9B
Operating expensesEUR 27.2BEUR 29.5BEUR 25.4BEUR 26.2BEUR 23.2B
Research and developmentEUR 6.63BEUR 6.51BEUR 6.32BEUR 6.17BEUR 5.19B
Selling, general and administrativeEUR 1.63BEUR 1.44BEUR 1.36BEUR 2.07BEUR 2.43B
Operating incomeEUR 9.62BEUR 4.67BEUR 5.79BEUR 4.67BEUR 4.66B
Interest expenseEUR 1.38BEUR 1.03BEUR 1.31BEUR 2.21BEUR 949.0M
Income taxEUR 2.94BEUR 1.61BEUR 1.74BEUR 1.38BEUR 1.47B
Net incomeEUR 7.33B≈ US$8.28BEUR 3.15B≈ US$3.41BEUR 5.96B≈ US$6.45BEUR 1.71B≈ US$1.80BEUR 5.38B≈ US$6.36B
EPS, basicEUR 6.14EUR 2.68EUR 5.26EUR 1.95EUR 4.46
EPS, dilutedEUR 6.10EUR 2.65EUR 5.20EUR 1.94EUR 4.46
Weighted shares, basic1.17B1.17B1.17B1.17B1.18B
Weighted shares, diluted1.18B1.18B1.18B1.18B1.18B
Margins and growth
Gross margin72.9%73.0%72.2%71.1%71.5%
Operating margin26.1%13.6%18.5%15.1%16.7%
Net margin19.9%9.2%19.1%5.5%19.3%
Revenue growth, year over year+7.7%+9.5%+1.1%+10.9%+1.8%
Net income growth, year over year+132.6%−47.2%+249.2%−68.2%+1.8%

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of SAP SE, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Cash and equivalentsEUR 8.22BEUR 9.61BEUR 8.12BEUR 9.01BEUR 8.90B
Accounts receivableEUR 5.79BEUR 6.23BEUR 5.89BEUR 5.78BEUR 5.89B
Total current assetsEUR 20.3BEUR 21.4BEUR 20.6BEUR 18.5BEUR 20.0B
Property, plant and equipment–––EUR 4.93BEUR 4.98B
GoodwillEUR 29.0BEUR 31.1BEUR 29.1BEUR 33.1BEUR 31.1B
Intangible assetsEUR 2.28BEUR 2.71B–EUR 3.83BEUR 3.97B
Total assetsEUR 70.4B≈ US$82.6BEUR 74.1B≈ US$76.7BEUR 68.3B≈ US$75.6BEUR 72.2B≈ US$77.2BEUR 71.2B≈ US$80.5B
Accounts payableEUR 2.43BEUR 1.99BEUR 1.78BEUR 2.15BEUR 1.58B
Total current liabilitiesEUR 17.4BEUR 19.1BEUR 14.6BEUR 17.5BEUR 16.1B
Long-term debtEUR 4.55BEUR 5.75BEUR 6.61BEUR 7.78BEUR 9.34B
Total liabilitiesEUR 25.3BEUR 28.3BEUR 24.9BEUR 29.3BEUR 29.6B
Shareholders' equityEUR 45.1BEUR 45.8BEUR 43.4BEUR 42.8BEUR 41.5B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of SAP SE, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Operating cash flowEUR 9.16B≈ US$10.4BEUR 5.22B≈ US$5.65BEUR 6.33B≈ US$6.85BEUR 5.65B≈ US$5.95BEUR 6.22B≈ US$7.36B
Stock-based compensationEUR 1.70BEUR 2.38BEUR 2.22BEUR 2.61BEUR 2.79B
Share buybacksEUR 1.94BEUR 2.11BEUR 949.0MEUR 1.50BEUR 0
Investing cash flowEUR -965.0MEUR -656.0MEUR 906.0MEUR 667.0MEUR -3.06B
Financing cash flowEUR -8.74BEUR -3.41BEUR -7.73BEUR -6.34BEUR -56.0M
Net change in cashEUR -1.39BEUR 1.49BEUR -883.0MEUR 109.0MEUR 3.59B
Ratio
Stock-based compensation, % of revenue4.6%7.0%7.1%8.5%10.0%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for SAP SE by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 20251.23B0.0%SEC
Dec 31, 20241.23B0.0%SEC
Dec 31, 20231.23B0.0%SEC
Dec 31, 20221.23B0.0%SEC
Dec 31, 20211.23B0.0%SEC
Dec 31, 20201.23B0.0%SEC
Dec 31, 20191.23B–SEC
Dec 31, 20171.23B–SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert EUR at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.