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SAP SE SAP

$208.89
−$1.73 (-0.82%)
Market open · Sep 24, 2:00 pm ET
After hours $210.62 0.00%
Open$210.02
Prev close$210.62
Day range$207.46 – $210.67
Volume675.7K
Market cap$241.10B
P/E (TTM)27.5
Dividend yield1.37%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in EUR

Revenue€9.88B+9.4% YoY
Operating profit€2.65B+7.2% YoY
Net profit€2.21B+26.3% YoY
Diluted EPS€1.88+30.6% YoY
Free cash flow€3.04B+27.3% YoY
Operating cash flow€3.15B

Revenue, last 8 quarters

€8.5BSep '24€9.4BDec '24€9.0BMar '25€9.0BJun '25€9.1BSep '25€9.7BDec '25€9.6BMar '26€9.9BJun '26

Net profit, last 8 quarters

€1.4BSep '24€1.6BDec '24€1.8BMar '25€1.7BJun '25€2.1BSep '25€1.7BDec '25€1.9BMar '26€2.2BJun '26

Diluted EPS by quarter

1.24Sep '241.36Dec '241.51Mar '251.44Jun '251.71Sep '251.57Dec '251.65Mar '261.88Jun '26

Free cash flow by quarter

€1.2BSep '24€-853.0MDec '24€3.6BMar '25€2.4BJun '25€1.3BSep '25€1.1BDec '25€3.3BMar '26€3.0BJun '26

Annual revenue

€27.3BFY20€27.0BFY21€29.5BFY22€31.2BFY23€34.2BFY24€36.8BFY25

Profitability & balance sheet

Gross margin72.8%
Operating margin26.7%
Net margin20.4%
Return on equity18.2%
Return on assets10.8%
Return on invested capital14.6%
Current ratio1.15
Liabilities / assets40.2%
Cash & investments€11.63B
Total debt€8.54B
Net cash (debt)€3.08B
Free cash flow / sales22.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Applications, Technology & Support (ATS)€8.91B 90.2%
  • Core services€966.00M 9.8%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Total Revenue as Reported €9.88B €9.56B €36.80B €9.68B €9.08B
Total Operating Revenue €9.88B €9.56B €36.80B €9.68B €9.08B
Cost of Revenue €2.65B €2.58B €9.99B €2.77B €2.41B
Gross Profit €7.23B €6.97B €26.81B €6.92B €6.67B
Operating Expense €4.58B €4.22B €17.19B €4.57B €4.20B
Selling and Admin Expenses €2.72B €2.50B €10.51B €2.85B €2.55B
-Selling & Marketing Expense €2.32B €2.14B €8.88B €2.30B €2.19B
-General & Admin Expense €404.00M €358.00M €1.63B €550.00M €364.00M
Research & Development €1.84B €1.70B €6.63B €1.70B €1.64B
Other Operating Expenses €14.00M €22.00M €49.00M €22.00M €8.00M
Operating Profit €2.65B €2.75B €9.62B €2.34B €2.47B
Net Non-Operating Interest Income (Expense) €403.00M -€18.00M -€230.00M -€617.00M €212.00M
Non-Operating Interest Income €726.00M €274.00M €428.00M -€818.00M €524.00M
Non-Operating Interest Expense €323.00M €292.00M €492.00M -€367.00M €312.00M
Other Income (Expense) -€46.00M €12.00M €879.00M €826.00M €64.00M
Special Income (Charges) -€7.00M -€12.00M -€3.00M -€3.00M €18.00M
-Less:Restructuring and Mergern & Acquisition €7.00M €12.00M €3.00M €3.00M -€18.00M
Other Non-Operating Income (Expenses) -€39.00M €24.00M -€23.00M -€76.00M €46.00M
Pretax Profit €3.01B €2.75B €10.27B €2.56B €2.75B
Tax €797.00M €800.00M €2.94B €825.00M €694.00M
Net Profit €2.21B €1.95B €7.33B €1.73B €2.05B
Profit from Continuing Operations €2.21B €1.95B €7.33B €1.73B €2.05B
Minority Interests €30.00M €14.00M €165.00M €50.00M €47.00M
Net Income to Parent Company €2.18B €1.93B €7.16B €1.68B €2.00B
Net Income to Common Stockholders €2.18B €1.93B €7.16B €1.68B €2.00B
Basic EPS €1.89 €1.66 €6.14 €1.58 €1.72
Diluted EPS €1.88 €1.65 €6.10 €1.57 €1.71
Dividend Per Share €2.51 €0.00 €2.32 €0.00 €0.00
Total Other Finance Costs – – €166.00M – –
Gain on Sale of Security – – €905.00M – –
Net Income from Discontinuous Operations – – €0.00 – –

Balance sheet

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Total Assets €75.61B €73.46B €70.36B €70.36B €68.40B
Total Current Assets €22.65B €22.26B €20.26B €20.26B €18.91B
Cash and Cash Equivalents & Short-Term Investments €11.63B €10.05B €9.77B €9.77B €9.93B
-Cash and Cash Equivalents €10.51B €9.65B €8.22B €8.22B €8.55B
-Short Term Investments €1.11B €397.00M €1.55B €1.55B €1.38B
Receivables €7.76B €9.03B €7.55B €7.55B €6.20B
-Accounts Receivable €7.08B €8.58B €5.79B €5.79B €5.78B
-Taxes Receivable €680.00M €451.00M €876.00M €876.00M €418.00M
Other Current Assets €3.27B €3.18B €265.00M €265.00M €2.78B
Total Non-Current Assets €52.96B €51.21B €50.11B €50.11B €49.49B
Net PPE €4.50B €4.48B €4.50B €4.50B €4.40B
Investments and Advances €8.12B €7.63B €6.72B €6.72B €7.06B
-Available for Sale Securities €8.12B €7.63B €6.58B €6.58B €7.06B
Non Current Accounts Receivables €456.00M €426.00M €573.00M €573.00M €443.00M
Goodwill and Other Intangible Assets €33.05B €31.76B €31.30B €31.30B €31.42B
-Goodwill €30.41B €29.49B €29.01B €29.01B €29.03B
-Other Intangible Assets €2.64B €2.27B €2.28B €2.28B €2.39B
Non-Current Deferred Assets €2.38B €2.53B €5.85B €5.85B €2.21B
Other Non-Current Assets €4.45B €4.38B – – €3.97B
Total Liabilities €30.36B €28.10B €25.29B €25.29B €25.16B
Total Current Liabilities €19.73B €20.82B €17.42B €17.42B €17.11B
Payables €4.11B €3.83B €3.40B €3.40B €3.01B
-Accounts Payable €2.75B €2.55B €2.43B €2.43B €2.07B
-Total Tax Payable €1.36B €1.28B €968.00M €968.00M €934.00M
Short-Term Debt and Capital Lease Obligation €1.97B €2.82B €1.85B €1.85B €3.03B
Current Provisions €119.00M €155.00M €537.00M €537.00M €170.00M
Current Deferred Liabilities €9.84B €10.11B €6.58B €6.58B €6.75B
Other Current Liabilities €3.70B €3.90B €1.13B €1.13B €4.15B
Total Non-Current Liabilities €10.63B €7.28B €7.87B €7.87B €8.04B
Long Term Accounts Payable and Other Payables €671.00M €642.00M €564.00M €564.00M €557.00M
Long Term Debt and Capital Lease Obligation €8.54B €5.04B €5.62B €5.62B €6.09B
Non-Current Liabilities €611.00M €587.00M €550.00M €550.00M €547.00M
Non-Current Deferred Liabilities €347.00M €348.00M €216.00M €216.00M €332.00M
Other Non-Current Liabilities €458.00M €662.00M €394.00M €394.00M €519.00M
Total Equity €45.25B €45.37B €45.07B €45.07B €43.24B
Stockholders' Equity €44.74B €44.86B €44.59B €44.59B €42.81B
Capital Stock €1.23B €1.23B €1.23B €1.23B €1.23B
-Common Stock €1.23B €1.23B €1.23B €1.23B €1.23B
Additional Paid-In Capital €2.97B €2.74B €2.56B €2.56B €2.79B
Retained Earnings €48.58B €49.28B €47.35B €47.35B €45.67B
Less: Treasury Stock €9.19B €9.21B €6.95B €6.95B €7.16B
Other Equity Interests €1.16B €822.00M €396.00M €396.00M €280.00M
Minority Interests €505.00M €505.00M €488.00M €488.00M €434.00M
-Other Receivables – – €885.00M €885.00M –
Prepaid Assets – – €1.26B €1.26B –
Current Deferred Assets – – €1.41B €1.41B –
-Gross PPE – – €4.50B €4.50B –
-Long Term Equity Investment – – €142.00M €142.00M –
Financial Assets – – €547.00M €547.00M –
Non-Current Prepaid Assets – – €626.00M €626.00M –
-Current Debt – – €1.60B €1.60B –
-Current Capital Lease Obligation – – €254.00M €254.00M –
-Long Term Debt – – €4.19B €4.19B –
-Long Term Capital Lease Obligation – – €1.43B €1.43B –
Employee Benefits – – €524.00M €524.00M –

Cash flow

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Operating Cash Flow €3.15B €3.51B €9.16B €1.30B €1.50B
Net cash flow from continuing operations €3.15B €3.51B €9.16B €1.30B €1.50B
Net Income from Continuing Operations €2.21B €1.95B €7.33B €1.73B €2.05B
Depreciation & Depletion & Amortization €316.00M €305.00M €1.31B €325.00M €318.00M
Deferred Tax €797.00M €800.00M €2.94B €825.00M €694.00M
Other Non-Cash Items -€556.00M -€148.00M -€1.26B -€177.00M -€517.00M
Change in Working Capital €756.00M €864.00M -€664.00M -€804.00M -€1.11B
-Change in Receivables €1.58B -€1.80B -€388.00M -€1.07B €576.00M
-Change in Payables and Accrued Expense -€305.00M -€947.00M -€308.00M €1.37B €167.00M
-Change in Other Current Assets -€111.00M €186.00M -€1.32B -€950.00M -€211.00M
-Change In Other Working Capital -€404.00M €3.43B €1.35B -€155.00M -€1.64B
Net cash flow from investing -€1.74B €822.00M -€965.00M -€218.00M -€74.00M
Net Cash Flow from Continuing Investing Activities -€1.74B €822.00M -€966.00M -€219.00M -€75.00M
Net Intangibles Purchase and Sale -€93.00M -€206.00M -€618.00M -€169.00M -€169.00M
Net Business Purchase and Sale -€989.00M -€2.00M -€702.00M -€2.00M -€695.00M
Net Investment Purchase and Sale -€732.00M €940.00M -€66.00M -€151.00M €659.00M
Financing Cash Flow -€511.00M -€3.03B -€8.75B -€1.30B -€700.00M
Net Cash Flow from Continuing Financing Activities -€510.00M -€3.03B -€8.74B -€1.30B -€701.00M
Net Issuance Payments Of Debt €2.83B -€559.00M -€3.49B -€1.18B -€322.00M
Net Common Stock Issuance -€321.00M -€2.28B -€1.94B €0.00 -€304.00M
Cash Dividends Paid -€2.88B €0.00 -€2.74B €0.00 €0.00
Net Other Financing Charges -€24.00M -€5.00M -€3.00M €0.00 -€2.00M
Ending Cash Balance €10.51B €9.65B €8.22B €8.22B €8.55B
Net Change in Cash €900.00M €1.30B -€553.00M -€224.00M €728.00M
Beginning Cash Balance €9.65B €8.22B €9.61B €8.55B €7.94B
Effect of Exchange Rate Changes -€37.00M €127.00M -€836.00M -€110.00M -€116.00M
Free Cash Flow €3.04B €3.27B €8.42B €1.12B €1.30B
Cash Flow from Discontinued Operating Activities – – €0.00 – –
Net Other Investing Changes – – €1.00M – –
Cash Flow from Discontinued Financing Activities – – €0.00 – –
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