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SAP SE

EDGAR
SAP Report (type unavailable) · filed 2026-07-28

Annual consolidated revenue for 2025: about Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 36.8B, using the latest reported figures. The previous period, 2024, was about Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 34.18B.

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Watchlist

Latest fiscal year

Revenue

36.8 billion Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2025 · Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

Exact inputs and evidence
  • Revenue: 36800000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Source

Operating margin

26.13%

2025 · %

Exact inputs and evidence
  • Operating Income: 9617000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Source
  • Revenue: 36800000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Source

Operating cash flow

9.16 billion Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2025 · Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

Exact inputs and evidence
  • Operating Cash Flow: 9156000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Source
Cash and cash equivalents
8.22 billion Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Source
Exact value

8220000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-07-28.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +7.7%

    Prior period

    Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 34.18 billion

    –

    Current period

    Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 36.8 billion

    –

    Exact inputs and evidence

    36800000000 − 34176000000 = 2624000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

    34176000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    36800000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A · 2025-01-01 – 2025-12-31

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  • Net income

    +129.2%

    Prior period

    Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 3.12 billion

    –

    Current period

    Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 7.16 billion

    –

    Exact inputs and evidence

    7161000000 − 3124000000 = 4037000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

    3124000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    7161000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +75.8%

    Prior period

    Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 5.21 billion

    –

    Current period

    Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 9.16 billion

    –

    Exact inputs and evidence

    9156000000 − 5207000000 = 3949000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

    5207000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    9156000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 36.8 billion 100% of revenue
  • Operating costs Derived Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 27.18 billion 74% of revenue
  • Operating income Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 9.62 billion 26% of revenue
  • Tax, interest and other Derived Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 2.46 billion 6.7% of revenue
  • Net income Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 7.16 billion 19% of revenue

Cash

  • Operating cash flow Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 9.16 billion 25% of revenue
  • Capital expenditure including intangibles Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 739 million 2% of revenue
  • Free cash flow Derived Capital expenditure here includes intangible assets. Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 8.42 billion 23% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 9.1%86%
  • 2025 19%74%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-3131207000000 25408000000 Derived 5799000000 -340000000 Derived 6139000000 5461000000 Derived Capital expenditure here includes intangible assets.
Source
2024 2024-01-01 – 2024-12-3134176000000 29511000000 Derived 4665000000 1541000000 Derived 3124000000 4410000000 Derived Capital expenditure here includes intangible assets.
Source
2025 2025-01-01 – 2025-12-3136800000000 27183000000 Derived 9617000000 2456000000 Derived 7161000000 8417000000 Derived Capital expenditure here includes intangible assets.
Source

Amounts are exact, in Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 36.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.7B29.8B19.9B9.9B0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A)Source evidence
2023Revenue31207000000
2024Revenue34176000000
2025Revenue36800000000

Revenue growth

Change in revenue from the same financial period one year earlier.

7.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.3%7.7%5.1%2.6%0.0%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year9.5%
2025Year over year7.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 26.1% 2025
Net margin 19.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.28.2%21.2%14.1%7.1%0.0%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin18.6%
2024Operating margin13.6%
2025Operating margin26.1%
2023Net margin19.7%
2024Net margin9.1%
2025Net margin19.5%
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 9.2B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.9B7.4B4.9B2.5B0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A)Source evidence
2023Operating cash flow6246000000
2024Operating cash flow5207000000
2025Operating cash flow9156000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A)Source evidence
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

35.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.41%31%21%10%0%2023-12-3120242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024Liabilities / assets38.3%
2025Liabilities / assets35.9%

Current assets to current liabilities

Current assets divided by current liabilities.

1.16× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.26×0.94×0.63×0.31×0.00×2023-12-3120242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024Current assets / current liabilities1.12×
2025Current assets / current liabilities1.16×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 6.14 billion
Exact value

Exact value: 6139000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2023-01-01 – 2023-12-31: 6139000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Inspect Net Income Open source
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Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 6.25 billion
Exact value

Exact value: 6246000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2023-01-01 – 2023-12-31: 6246000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 3.12 billion
Exact value

Exact value: 3124000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2024-01-01 – 2024-12-31: 3124000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Inspect Net Income Open source
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Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 5.21 billion
Exact value

Exact value: 5207000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2024-01-01 – 2024-12-31: 5207000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 7.16 billion
Exact value

Exact value: 7161000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2025-01-01 – 2025-12-31: 7161000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Inspect Net Income Open source
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Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A 9.16 billion
Exact value

Exact value: 9156000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A

2025-01-01 – 2025-12-31: 9156000000 Unit_Standard_EUR_DzninQPyI02xgP6HIeCj9A Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

234 filings · 1,927 latest values · 1,927 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001000184, 1000184, SAP, SAPGF, edgar:1000184

Also known as SAP AG, SAP AKTIENGESELLSCHAFT SYSTEMS APPLICATIONS PRODUCTS IN DATA, SAP SE