InsiderClue
Stocks · Technology · Services-Prepackaged Software

SAP SE

SAP Clue Score75
Germany Fiscal year ends December CIK 0001000184
$214.78 +1.12% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $214.78 +58.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue22.06Operating income5.14Net income3.64EPS, diluted3.04Fiscal year 2017Revenue23.46 +6.3%Operating income4.88Net income4.06 +11.4%EPS, diluted3.35 +10.2%Fiscal year 2018Revenue24.71 +5.3%Operating income5.70Net income4.08 +0.7%EPS, diluted3.42 +2.1%Fiscal year 2019Revenue27.55 +11.5%Operating income4.47Net income3.32 −18.7%EPS, diluted2.78 −18.7%Fiscal year 2020Revenue27.34 −0.8%Operating income6.62Net income5.15 +54.9%EPS, diluted4.35 +56.5%Fiscal year 2021Revenue26.95 −1.4%Operating income6.31Net income5.26 +2.2%EPS, diluted4.46 +2.5%Fiscal year 2022Revenue29.52 +9.5%Operating income5.91Net income2.28 −56.5%EPS, diluted1.94 −56.5%Fiscal year 2023Revenue31.21 +5.7%Operating income5.80Net income6.14 +168.8%EPS, diluted5.20 +168.0%Fiscal year 2024Revenue34.18 +9.5%Operating income4.67Net income3.12 −49.1%EPS, diluted2.65 −49.0%Fiscal year 2025Revenue36.80 +7.7%Operating income9.62Net income7.16 +129.2%EPS, diluted6.10 +130.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 22.06 23.46 24.71 27.55 27.34 26.95 29.52 31.21 34.18 36.80
Growth +6.3% +5.3% +11.5% −0.8% −1.4% +9.5% +5.7% +9.5% +7.7%
Operating income 5.14 4.88 5.70 4.47 6.62 6.31 5.91 5.80 4.67 9.62
Net income 3.64 4.06 4.08 3.32 5.15 5.26 2.28 6.14 3.12 7.16
Growth +11.4% +0.7% −18.7% +54.9% +2.2% −56.5% +168.8% −49.1% +129.2%
EPS, diluted 3.04 3.35 3.42 2.78 4.35 4.46 1.94 5.20 2.65 6.10
Growth +10.2% +2.1% −18.7% +56.5% +2.5% −56.5% +168.0% −49.0% +130.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin70.2%Operating margin23.3%Net margin16.5%Fiscal year 2017Gross margin69.9%Operating margin20.8%Net margin17.3%Fiscal year 2018Gross margin69.8%Operating margin23.1%Net margin16.5%Fiscal year 2019Gross margin69.7%Operating margin16.2%Net margin12.1%Fiscal year 2020Gross margin71.2%Operating margin24.2%Net margin18.8%Fiscal year 2021Gross margin73.2%Operating margin23.4%Net margin19.5%Fiscal year 2022Gross margin72.8%Operating margin20.0%Net margin7.7%Fiscal year 2023Gross margin72.2%Operating margin18.6%Net margin19.7%Fiscal year 2024Gross margin73.0%Operating margin13.6%Net margin9.1%Fiscal year 2025Gross margin72.9%Operating margin26.1%Net margin19.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 70.2% 69.9% 69.8% 69.7% 71.2% 73.2% 72.8% 72.2% 73.0% 72.9%
Operating margin 23.3% 20.8% 23.1% 16.2% 24.2% 23.4% 20.0% 18.6% 13.6% 26.1%
Net margin 16.5% 17.3% 16.5% 12.1% 18.8% 19.5% 7.7% 19.7% 9.1% 19.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow4.63Buybacks0.00Dividends paid−1.38Fiscal year 2017Operating cash flow5.05Buybacks−0.50Dividends paid−1.57Fiscal year 2018Operating cash flow4.30Buybacks0.00Dividends paid−1.67Fiscal year 2019Operating cash flow3.50Buybacks0.00Dividends paid−1.79Fiscal year 2020Operating cash flow7.19Buybacks−1.49Dividends paid−1.87Fiscal year 2021Operating cash flow6.22Buybacks0.00Dividends paid−2.27Fiscal year 2022Operating cash flow5.65Buybacks−1.50Dividends paid−2.90Fiscal year 2023Operating cash flow6.25Buybacks−0.95Dividends paid−2.42Fiscal year 2024Operating cash flow5.21Buybacks−2.11Dividends paid−2.57Fiscal year 2025Operating cash flow9.16Buybacks−1.94Dividends paid−2.75
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.63 5.05 4.30 3.50 7.19 6.22 5.65 6.25 5.21 9.16
Buybacks 0.00 −0.50 0.00 0.00 −1.49 0.00 −1.50 −0.95 −2.11 −1.94
Dividends paid −1.38 −1.57 −1.67 −1.79 −1.87 −2.27 −2.90 −2.42 −2.57 −2.75

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash3.70Total debt6.39Net cash (debt)−2.69Shareholders’ equity26.38Debt to equity0.24Fiscal year 2017Cash4.01Total debt4.97Net cash (debt)−0.95Shareholders’ equity25.48Debt to equity0.19Fiscal year 2018Cash8.63Total debt10.57Net cash (debt)−1.95Shareholders’ equity28.83Debt to equity0.37Fiscal year 2019Cash5.31Total debt11.14Net cash (debt)−5.83Shareholders’ equity30.75Debt to equity0.36Fiscal year 2020Cash5.31Total debt11.80Net cash (debt)−6.49Shareholders’ equity29.72Debt to equity0.40Fiscal year 2021Cash8.90Total debt9.34Net cash (debt)−0.44Shareholders’ equity38.85Debt to equity0.24Fiscal year 2022Cash9.01Total debt7.78Net cash (debt)1.23Shareholders’ equity40.19Debt to equity0.19Fiscal year 2023Cash8.12Total debt6.61Net cash (debt)1.51Shareholders’ equity43.16Debt to equity0.15Fiscal year 2024Cash9.61Total debt5.75Net cash (debt)3.86Shareholders’ equity45.44Debt to equity0.13Fiscal year 2025Cash8.22Total debt4.55Net cash (debt)3.67Shareholders’ equity44.59Debt to equity0.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 3.70 4.01 8.63 5.31 5.31 8.90 9.01 8.12 9.61 8.22
Total debt 6.39 4.97 10.57 11.14 11.80 9.34 7.78 6.61 5.75 4.55
Net cash (debt) −2.69 −0.95 −1.95 −5.83 −6.49 −0.44 1.23 1.51 3.86 3.67
Shareholders’ equity 26.38 25.48 28.83 30.75 29.72 38.85 40.19 43.16 45.44 44.59
Debt to equity 0.24 0.19 0.37 0.36 0.40 0.24 0.19 0.15 0.13 0.10

In billions of EUR, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of EUR, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
22.06 23.46 24.71 27.55 27.34 26.95 29.52 31.21 34.18 36.80
Growth +6.3% +5.3% +11.5% −0.8% −1.4% +9.5% +5.7% +9.5% +7.7%
6.58 7.05 7.46 8.36 7.89 7.22 8.04 8.67 9.24 9.99
15.48 16.41 17.25 19.20 19.45 19.73 21.48 22.53 24.93 26.81
Growth +6.0% +5.1% +11.3% +1.3% +1.4% +8.9% +4.9% +10.6% +7.5%
3.04 3.35 3.62 4.29 4.45 5.27 6.08 6.32 6.51 6.63
5.14 4.88 5.70 4.47 6.62 6.31 5.91 5.80 4.67 9.62
Growth −5.0% +16.9% −21.6% +48.1% −4.8% −6.2% −1.9% −19.6% +106.2%
4.87 5.03 5.60 4.60 7.22 8.51 4.51 5.34 4.76 10.27
1.24 0.98 1.51 1.23 1.94 1.68 1.45 1.74 1.61 2.94
3.64 4.06 4.08 3.32 5.15 5.26 2.28 6.14 3.12 7.16
Growth +11.4% +0.7% −18.7% +54.9% +2.2% −56.5% +168.8% −49.1% +129.2%
Per share
3.04 3.35 3.42 2.78 4.35 4.46 1.95 5.26 2.68 6.14
3.04 3.35 3.42 2.78 4.35 4.46 1.94 5.20 2.65 6.10
Growth +10.2% +2.1% −18.7% +56.5% +2.5% −56.5% +168.0% −49.0% +130.2%
1,198 1,197 1,194 1,194 1,182 1,180 1,170 1,167 1,166 1,166
1,199 1,198 1,194 1,194 1,182 1,180 1,175 1,180 1,180 1,175
Growth −0.1% −0.3% +0.0% −1.0% −0.2% −0.4% +0.4% +0.0% −0.4%

Shown in EUR as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 6.1% a year over five years, and earnings per share grew 7.0% a year.
  • The share count barely moved in five years.
  • Operating margin is up 1.9 points on five years ago, at 26.1%.
  • Profitable in every one of the 10 years on file.