SAP SE (SAP) Financial Statements & Analysis

SAP SE (SAP) Income Statement

SAP SE reported revenue of EUR 36.80B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 7.7% from EUR 34.18B a year earlier. Net income was EUR 7.16B, up 129.2% year over year, a net margin of 19.5%. Gross margin was 72.9% and operating margin 26.1%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was EUR 10.27B, up 13.2% from the same quarter a year earlier.

SAP SE Income Statement Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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SAP SE income statement - Annual data in billions EUR
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	36.80	34.18	31.21	29.52	26.95	27.34	27.55	24.71	23.46
Cost of Revenue	9.66	9.24	8.67	8.04	7.22	7.89	8.36	7.46	7.05
Gross Profit	26.81	24.93	22.53	21.48	19.73	19.45	19.20	17.25	16.41
Operating Expenses
Research & Development	6.63	6.51	6.32	6.08	5.27	4.45	4.29	3.62	3.35
Selling, General & Administrative	10.05	10.53	10.19	9.24	8.04	8.46	9.32	7.88	8.00
Operating Expenses	17.20	17.12	16.74	15.57	13.27	12.83	14.73	11.54	11.53
Operating Income	9.62	7.81	5.80	5.91	6.47	6.62	4.47	5.70	4.88
Other Income/Expense
Interest Income	1.91	0.63	0.86	0.81	3.12	0.11	0.79	0.14	0.09
Interest Expense	-1.38	0.55	-0.64	-0.27	0.95	0.36	0.59	0.42	0.29
Other Income/Expense	0.65	-2.98	-0.46	-1.40	-0.14	0.60	0.12	-0.10	0.15
Income
Income Before Tax	10.27	4.76	5.34	4.51	8.51	7.22	4.60	5.60	5.03
Income Tax Expense	2.94	1.61	1.74	1.45	1.68	1.94	1.23	1.51	0.98
Net Income	7.16	3.12	6.14	2.28	5.26	5.15	3.32	4.08	4.01
Net Income - Continuous Operations	7.33	3.15	3.60	3.07	6.82	5.15	3.32	4.08	4.01
Net Income - Discontinued Operations	-	-	2.36	-1.36	-1.45	-	-	-	-
EBITDA	11.23	6.59	7.39	7.62	10.99	9.41	6.91	7.38	6.59
EBIT	10.42	5.31	6.01	6.05	9.45	-	-	-	-
Depreciation & Amortization	1.31	1.28	0.83	1.57	1.54	1.83	1.87	1.36	1.27
Earnings Per Share
Basic EPS	6.00	3.00	5.00	2.00	5.00	4.00	3.00	3.00	3.00
Diluted EPS	6.00	3.00	5.00	2.00	5.00	4.00	3.00	3.00	3.00
Basic Shares Outstanding	1.17	1.17	1.17	1.17	1.18	1.18	1.19	1.19	1.20
Diluted Shares Outstanding	1.18	1.18	1.18	1.18	1.18	1.18	1.19	1.19	1.20

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About SAP SE Financial Statements

What was SAP SE's revenue in fiscal 2025?

SAP SE reported revenue of EUR 36.80B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 7.7% from EUR 34.18B a year earlier.

Is SAP SE profitable?

Yes. SAP SE earned net income of EUR 7.16B in fiscal 2025, a net margin of 19.5%. In fiscal 2024 it earned EUR 3.12B.

What is SAP SE's operating margin?

SAP SE's operating income was EUR 9.62B on revenue of EUR 36.80B in fiscal 2025, an operating margin of 26.1%, compared with 22.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition