SAP SE (SAP) Balance Sheet: Assets & Liabilities

SAP SE (SAP) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), SAP SE reported total assets of EUR 70.36B and total liabilities of EUR 25.29B. Shareholders' equity was EUR 45.07B, down 0.8% from EUR 45.44B a year earlier. Total debt stood at EUR 8.07B against EUR 9.54B in cash and short-term investments, a net cash position of EUR 1.47B. That puts debt-to-equity at 0.18, compared with 0.20 a year earlier.

SAP SE Balance Sheet Analysis

Values in billions EUR

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for SAP SE (SAP) - 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
Current Assets
Cash and Cash Equivalents	8.22	9.61	8.12	9.01	8.90	5.31	5.31	8.63	4.01
Short-Term Investments	1.32	1.63	3.34	0.69	2.76	1.64	0.30	0.45	0.99
Cash & Short-Term Investments	9.54	11.24	11.47	9.70	11.66	6.95	5.61	9.08	5.00
Accounts Receivable	6.68	6.23	5.89	5.78	6.76	6.80	8.41	6.66	6.21
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	3.21	0.09	0.04	3.04	1.63	1.32	1.19	0.89	0.72
Total Current Assets	20.26	21.40	20.57	18.52	20.04	15.07	15.21	16.62	11.93
Non-Current Assets
Property, Plant & Equipment (Net)	4.50	4.49	4.28	4.93	4.98	5.04	5.50	3.55	2.97
Long-Term Investments	7.27	0.14	0.14	5.29	5.95	3.51	2.34	1.54	1.16
Goodwill	29.01	31.26	29.08	33.08	31.09	27.54	29.16	23.74	21.27
Intangible Assets	2.28	2.71	2.51	3.84	3.97	3.78	4.49	3.23	2.97
Other Non-Current Assets	7.04	0.00	0.00	4.40	3.36	2.33	2.27	1.82	1.16
Total Non-Current Assets	50.11	52.84	47.76	53.64	51.13	43.40	45.00	34.88	30.55
Total Assets	70.36	74.24	68.33	72.16	71.17	58.46	60.21	51.50	42.48
Current Liabilities
Accounts Payable	2.43	1.99	1.78	2.15	1.58	1.37	1.58	1.49	1.15
Short-Term Debt	2.05	3.64	1.14	4.33	4.16	1.86	2.53	0.77	1.30
Current Portion of Long-Term Debt	2.05	0.89	1.14	3.06	2.83	-	-	-	-
Accrued Liabilities	4.85	5.54	5.65	4.82	5.20	-	-	-	-
Deferred Revenue	6.58	5.98	4.98	5.31	4.43	4.00	4.27	3.03	2.77
Other Current Liabilities	1.51	1.37	0.32	5.39	5.01	5.19	5.84	4.59	4.39
Total Current Liabilities	17.42	19.08	14.64	17.45	16.14	12.84	14.46	10.49	10.21
Non-Current Liabilities
Long-Term Debt	6.02	5.30	6.03	8.75	10.98	13.60	11.14	10.54	5.00
Deferred Tax Liabilities	0.07	0.33	0.27	0.24	0.30	0.16	0.08	0.10	0.25
Other Non-Current Liabilities	1.85	0.45	0.59	2.83	2.23	1.90	3.62	1.41	1.43
Total Non-Current Liabilities	7.87	9.35	10.28	11.86	13.52	15.70	14.93	12.14	6.76
Total Liabilities	25.29	28.43	24.93	29.31	29.65	28.54	29.39	22.63	16.97
Stockholders' Equity
Common Stock	1.23	1.23	1.23	1.23	1.23	1.23	1.23	1.23	1.23
Retained Earnings	47.35	42.91	42.46	36.42	37.02	32.03	28.78	27.41	24.77
Accumulated Other Comprehensive Income	0.18	4.69	2.37	3.80	1.76	-1.01	1.99	1.23	0.51
Treasury Stock	6.95	5.95	4.74	4.34	3.07	-	-	-	-
Additional Paid-in Capital	2.56	2.56	1.85	-1.26	-1.15	-3.54	-1.16	-1.04	-1.02
Minority Interest	0.49	0.37	0.25	2.66	2.67	0.21	0.08	0.05	0.03
Shares Outstanding	1.17	1.17	1.17	1.17	1.18	-	-	-	-
Total Stockholders' Equity	45.07	45.44	43.16	40.19	38.85	29.72	30.75	28.83	25.48
Total Liabilities & Equity	70.36	74.24	68.33	72.16	71.17	58.48	67.59	51.49	42.50

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 Balance Sheet

How much debt does SAP SE have?

SAP SE had total debt of EUR 8.07B as of Dec 31, 2025, against EUR 9.54B in cash and short-term investments. Its debt-to-equity ratio was 0.18. Total debt was EUR 8.94B a year earlier.

What are SAP SE's total assets?

SAP SE reported total assets of EUR 70.36B as of Dec 31, 2025, down 5.2% from EUR 74.24B a year earlier. Total liabilities were EUR 25.29B.

What is SAP SE's shareholders' equity?

SAP SE's shareholders' equity was EUR 45.07B as of Dec 31, 2025, or about EUR 38.61 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition