$233.45 −$10.08 (-4.14%)
休市 · Nov 6, 8:20 pm ET · 最新盘后价 $230.00 -1.48%
开盘$233.48
昨收$243.53
当日区间$232.64 – $236.23
成交量2.40M
市值$269.45B
市盈率（TTM）30.1
股息率1.22%
基本面
最新报告季度：Q3, ended Sep 2026 · 报告货币为EUR
营收€10.27B+13.2% YoY
营业利润€2.93B+18.5% YoY
净利润€2.27B+10.6% YoY
摊薄每股收益€1.94+13.5% YoY
自由现金流€1.75B+34.7% YoY
经营现金流€1.92B
营收，近8个季度
净利润，近8个季度
各季度摊薄每股收益
各季度自由现金流
年度营收
盈利能力与资产负债表
毛利率72.7%
营业利润率27.1%
净利率20.4%
净资产收益率18.1%
资产收益率11.1%
投入资本回报率14.8%
流动比率1.16
负债/资产比率39.1%
现金及投资€11.00B
总负债€8.54B
净现金（净负债）€2.46B
自由现金流/营收23.3%
营收构成
2026/Q3 季度
按业务线
该公司以本国货币报告财务数据，并非美元。以下数字均标注了实际货币单位，未自动换算。
利润表
| 项目 | 2026 Q3 (EUR) |
2026 Q2 (EUR) |
2026 Q1 (EUR) |
2025 ANNUAL (EUR) |
2025 Q4 (EUR) |
|---|---|---|---|---|---|
| 报告营业总收入 | €10.27B | €9.88B | €9.56B | €36.80B | €9.68B |
| 营业总收入 | €10.27B | €9.88B | €9.56B | €36.80B | €9.68B |
| 营业成本 | €2.76B | €2.65B | €2.58B | €9.99B | €2.77B |
| 毛利润 | €7.51B | €7.23B | €6.97B | €26.81B | €6.92B |
| 营业费用 | €4.58B | €4.58B | €4.22B | €17.19B | €4.57B |
| 销售及管理费用 | €2.70B | €2.72B | €2.50B | €10.51B | €2.85B |
| -销售及营销费用 | €2.28B | €2.32B | €2.14B | €8.88B | €2.30B |
| -管理费用 | €412.00M | €404.00M | €358.00M | €1.63B | €550.00M |
| 研发费用 | €1.87B | €1.84B | €1.70B | €6.63B | €1.70B |
| 其他营业费用 | €23.00M | €14.00M | €22.00M | €49.00M | €22.00M |
| 营业利润 | €2.93B | €2.65B | €2.75B | €9.62B | €2.34B |
| 非经营性利息净收入（支出） | €96.00M | €403.00M | -€18.00M | -€230.00M | -€617.00M |
| 非经营性利息收入 | €383.00M | €726.00M | €274.00M | €428.00M | -€818.00M |
| 非经营性利息支出 | €287.00M | €323.00M | €292.00M | €492.00M | -€367.00M |
| 其他收入（支出） | -€21.00M | -€46.00M | €12.00M | €879.00M | €826.00M |
| 特殊收益（费用） | €3.00M | -€7.00M | -€12.00M | -€3.00M | -€3.00M |
| -减：重组及并购费用 | -€3.00M | €7.00M | €12.00M | €3.00M | €3.00M |
| 其他非经营性收入（支出） | -€24.00M | -€39.00M | €24.00M | -€23.00M | -€76.00M |
| 税前利润 | €3.00B | €3.01B | €2.75B | €10.27B | €2.56B |
| 税费 | €734.00M | €797.00M | €800.00M | €2.94B | €825.00M |
| 净利润 | €2.27B | €2.21B | €1.95B | €7.33B | €1.73B |
| 持续经营利润 | €2.27B | €2.21B | €1.95B | €7.33B | €1.73B |
| 少数股东权益 | €20.00M | €30.00M | €14.00M | €165.00M | €50.00M |
| 归属母公司净利润 | €2.25B | €2.18B | €1.93B | €7.16B | €1.68B |
| 归属普通股股东净利润 | €2.25B | €2.18B | €1.93B | €7.16B | €1.68B |
| 基本每股收益 | €1.96 | €1.89 | €1.66 | €6.14 | €1.58 |
| 摊薄每股收益 | €1.94 | €1.88 | €1.65 | €6.10 | €1.57 |
| 每股股息 | €0.00 | €2.51 | €0.00 | €2.32 | €0.00 |
| 其他财务成本合计 | – | – | – | €166.00M | – |
| 证券出售收益 | – | – | – | €905.00M | – |
| 终止经营净利润 | – | – | – | €0.00 | – |
资产负债表
| 项目 | 2026 Q3 (EUR) |
2026 Q2 (EUR) |
2026 Q1 (EUR) |
2025 ANNUAL (EUR) |
2025 Q4 (EUR) |
|---|---|---|---|---|---|
| 总资产 | €76.34B | €75.61B | €73.46B | €70.36B | €70.36B |
| 流动资产合计 | €22.12B | €22.65B | €22.26B | €20.26B | €20.26B |
| 现金及现金等价物与短期投资 | €11.00B | €11.63B | €10.05B | €9.77B | €9.77B |
| -现金及现金等价物 | €9.36B | €10.51B | €9.65B | €8.22B | €8.22B |
| -短期投资 | €1.63B | €1.11B | €397.00M | €1.55B | €1.55B |
| 应收款 | €7.78B | €7.76B | €9.03B | €7.55B | €7.55B |
| -应收账款 | €6.98B | €7.08B | €8.58B | €5.79B | €5.79B |
| -应收税款 | €804.00M | €680.00M | €451.00M | €876.00M | €876.00M |
| 其他流动资产 | €3.34B | €3.27B | €3.18B | €265.00M | €265.00M |
| 非流动资产合计 | €54.22B | €52.96B | €51.21B | €50.11B | €50.11B |
| 固定资产净值 | €4.55B | €4.50B | €4.48B | €4.50B | €4.50B |
| 投资及预付款 | €8.30B | €8.12B | €7.63B | €6.72B | €6.72B |
| -可供出售证券 | €8.30B | €8.12B | €7.63B | €6.58B | €6.58B |
| 一年以上应收账款 | €495.00M | €456.00M | €426.00M | €573.00M | €573.00M |
| 商誉及其他无形资产 | €34.01B | €33.05B | €31.76B | €31.30B | €31.30B |
| -商誉 | €31.22B | €30.41B | €29.49B | €29.01B | €29.01B |
| -其他无形资产 | €2.80B | €2.64B | €2.27B | €2.28B | €2.28B |
| 一年以上递延资产 | €2.37B | €2.38B | €2.53B | €5.85B | €5.85B |
| 其他非流动资产 | €4.49B | €4.45B | €4.38B | – | – |
| 负债合计 | €29.88B | €30.36B | €28.10B | €25.29B | €25.29B |
| 流动负债合计 | €19.11B | €19.73B | €20.82B | €17.42B | €17.42B |
| 应付款 | €4.57B | €4.11B | €3.83B | €3.40B | €3.40B |
| -应付账款 | €3.00B | €2.75B | €2.55B | €2.43B | €2.43B |
| -应付税款合计 | €1.57B | €1.36B | €1.28B | €968.00M | €968.00M |
| 短期债务及融资租赁负债 | €2.05B | €1.97B | €2.82B | €1.85B | €1.85B |
| 一年内预提费用 | €108.00M | €119.00M | €155.00M | €537.00M | €537.00M |
| 一年内递延负债 | €8.16B | €9.84B | €10.11B | €6.58B | €6.58B |
| 其他流动负债 | €4.22B | €3.70B | €3.90B | €1.13B | €1.13B |
| 非流动负债合计 | €10.77B | €10.63B | €7.28B | €7.87B | €7.87B |
| 长期应付账款及其他应付款 | €582.00M | €671.00M | €642.00M | €564.00M | €564.00M |
| 长期债务及融资租赁负债 | €8.54B | €8.54B | €5.04B | €5.62B | €5.62B |
| 非流动负债 | €629.00M | €611.00M | €587.00M | €550.00M | €550.00M |
| 一年以上递延负债 | €472.00M | €347.00M | €348.00M | €216.00M | €216.00M |
| 其他非流动负债 | €547.00M | €458.00M | €662.00M | €394.00M | €394.00M |
| 股东权益合计 | €46.46B | €45.25B | €45.37B | €45.07B | €45.07B |
| 股东权益 | €45.95B | €44.74B | €44.86B | €44.59B | €44.59B |
| 股本 | €1.23B | €1.23B | €1.23B | €1.23B | €1.23B |
| -普通股 | €1.23B | €1.23B | €1.23B | €1.23B | €1.23B |
| 资本公积 | €3.19B | €2.97B | €2.74B | €2.56B | €2.56B |
| 留存收益 | €50.82B | €48.58B | €49.28B | €47.35B | €47.35B |
| 减：库存股 | €10.59B | €9.19B | €9.21B | €6.95B | €6.95B |
| 其他权益权益 | €1.29B | €1.16B | €822.00M | €396.00M | €396.00M |
| 少数股东权益 | €513.00M | €505.00M | €505.00M | €488.00M | €488.00M |
| -其他应收款 | – | – | – | €885.00M | €885.00M |
| 预付资产 | – | – | – | €1.26B | €1.26B |
| 一年内递延资产 | – | – | – | €1.41B | €1.41B |
| -固定资产原值 | – | – | – | €4.50B | €4.50B |
| -长期股权投资 | – | – | – | €142.00M | €142.00M |
| 金融资产 | – | – | – | €547.00M | €547.00M |
| 一年以上预付资产 | – | – | – | €626.00M | €626.00M |
| -一年内到期债务 | – | – | – | €1.60B | €1.60B |
| -一年内到期融资租赁负债 | – | – | – | €254.00M | €254.00M |
| -长期债务 | – | – | – | €4.19B | €4.19B |
| -长期融资租赁负债 | – | – | – | €1.43B | €1.43B |
| 员工福利 | – | – | – | €524.00M | €524.00M |
现金流量表
| 项目 | 2026 Q3 (EUR) |
2026 Q2 (EUR) |
2026 Q1 (EUR) |
2025 ANNUAL (EUR) |
2025 Q4 (EUR) |
|---|---|---|---|---|---|
| 经营活动现金流 | €1.92B | €3.15B | €3.51B | €9.16B | €1.30B |
| 持续经营经营活动现金流净额 | €1.92B | €3.15B | €3.51B | €9.16B | €1.30B |
| 持续经营净利润 | €2.27B | €2.21B | €1.95B | €7.33B | €1.73B |
| 折旧、折耗与摊销 | €333.00M | €316.00M | €305.00M | €1.31B | €325.00M |
| 递延税款 | €734.00M | €797.00M | €800.00M | €2.94B | €825.00M |
| 其他非现金项目 | -€247.00M | -€556.00M | -€148.00M | -€1.26B | -€177.00M |
| 营运资金变动 | -€956.00M | €756.00M | €864.00M | -€664.00M | -€804.00M |
| -应收款变动 | €82.00M | €1.58B | -€1.80B | -€388.00M | -€1.07B |
| -应付账款及应计费用变动 | €688.00M | -€305.00M | -€947.00M | -€308.00M | €1.37B |
| -其他流动资产变动 | -€130.00M | -€111.00M | €186.00M | -€1.32B | -€950.00M |
| -其他营运资金变动 | -€1.60B | -€404.00M | €3.43B | €1.35B | -€155.00M |
| 投资活动现金流净额 | -€1.41B | -€1.74B | €822.00M | -€965.00M | -€218.00M |
| 持续经营投资活动现金流净额 | -€1.41B | -€1.74B | €822.00M | -€966.00M | -€219.00M |
| 无形资产购置及出售净额 | -€137.00M | -€93.00M | -€206.00M | -€618.00M | -€169.00M |
| 业务购买及出售净额 | -€838.00M | -€989.00M | -€2.00M | -€702.00M | -€2.00M |
| 投资购置及出售净额 | -€512.00M | -€732.00M | €940.00M | -€66.00M | -€151.00M |
| 其他投资变动净额 | €0.00 | – | – | €1.00M | – |
| 筹资活动现金流 | -€1.68B | -€511.00M | -€3.03B | -€8.75B | -€1.30B |
| 持续经营筹资活动现金流净额 | -€1.68B | -€510.00M | -€3.03B | -€8.74B | -€1.30B |
| 债务发行及偿还净额 | -€66.00M | €2.83B | -€559.00M | -€3.49B | -€1.18B |
| 普通股发行净额 | -€1.52B | -€321.00M | -€2.28B | -€1.94B | €0.00 |
| 已付现金股利 | €0.00 | -€2.88B | €0.00 | -€2.74B | €0.00 |
| 其他筹资费用净额 | -€6.00M | -€24.00M | -€5.00M | -€3.00M | €0.00 |
| 期末现金余额 | €9.36B | €10.51B | €9.65B | €8.22B | €8.22B |
| 现金净变动 | -€1.18B | €900.00M | €1.30B | -€553.00M | -€224.00M |
| 期初现金余额 | €10.51B | €9.65B | €8.22B | €9.61B | €8.55B |
| 汇率变动影响 | €28.00M | -€37.00M | €127.00M | -€836.00M | -€110.00M |
| 自由现金流 | €1.75B | €3.04B | €3.27B | €8.42B | €1.12B |
| 终止经营经营活动现金流 | – | – | – | €0.00 | – |
| 终止经营筹资活动现金流 | – | – | – | €0.00 | – |
暂无评论——快来第一个聊聊 SAP。
登录后参与讨论。