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STRONG
BUY
0
BUY 23
HOLD 13
SELL 7
STRONG
SELL
0
Metric 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2
Revenue
Revenue 9,076.0 9,027.0 9,013.0 9,377.0 8,470.0 8,289.0 8,041.0 8,468.0 7,744.0 7,555.0
Cost of Revenue 2,405.0 2,407.0 2,406.0 2,435.0 2,258.0 2,272.0 2,279.0 2,265.0 2,108.0 2,145.0
Gross Profit 6,671.0 6,620.0 6,607.0 6,942.0 6,212.0 6,017.0 5,762.0 6,204.0 5,637.0 5,409.0
Operating Expenses
R&D Expenses 1,644.0 1,618.0 1,673.0 1,675.0 1,568.0 1,605.0 1,665.0 1,671.0 1,515.0 1,565.0
SG&A Expenses 2,549.0 2,517.0 2,593.0 2,874.0 2,459.0 2,553.0 2,638.0 2,633.0 2,432.0 2,487.0
Other Expenses (10.0) 29.0 8.0 376.0 (29.0) 637.0 672.0 (3.0) (34.0) (13.0)
Operating Expenses 4,184.0 4,164.0 4,274.0 4,925.0 3,998.0 4,795.0 4,975.0 4,301.0 3,913.0 4,039.0
Operating Income
Operating Income 2,487.0 2,456.0 2,333.0 2,017.0 2,214.0 1,222.0 787.0 1,902.0 1,723.0 1,371.0
Interest Expense 312.0 268.0 280.0 305.0 241.0 242.0 244.0 190.6 279.0 363.0
Interest Income 524.0 317.0 405.0 578.0 240.0 412.0 199.0 139.7 204.0 187.0
Profitability
EBITDA 3,385.1 3,089.0 3,097.0 2,849.0 2,709.0 1,942.0 (423.0) 2,322.0 2,368.0 1,805.0
EBIT 3,057.0 2,770.0 2,748.0 2,512.0 2,392.0 1,629.0 (736.0) 1,991.0 2,040.0 1,456.0
Income Before Tax 2,745.0 2,502.0 2,468.0 2,207.0 2,151.0 1,387.0 (980.0) 1,809.0 1,761.0 1,093.0
Income Tax Expense 694.0 753.0 672.0 591.0 710.0 469.0 (156.0) 609.0 489.0 369.0
Net Income 2,004.0 1,697.0 1,780.0 1,601.0 1,463.0 888.0 (828.0) 1,313.0 1,278.0 3,161.0
Per Share Data
EPS (Basic) 1.72 1.45 1.53 1.37 1.25 0.76 -0.71 1.02 1.09 2.70
EPS (Diluted) 1.70 1.44 1.51 1.36 1.24 0.76 -0.70 1.01 1.08 2.68
Shares Outstanding 1,167.0 1,167.0 1,167.0 1,165.0 1,166.0 1,166.0 1,167.0 1,166.0 1,168.0 1,178.0
Metric 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2
Current Assets
Cash & Cash Equivalents 10,051.0 7,957.9 12,254.9 9,609.0 10,005.0 7,870.0 9,295.0 8,124.0 9,378.0 15,428.9
Short-Term Investments 0.0 2,236.0 0.0 1,629.0 2,067.0 3,808.0 4,312.0 3,157.0 3,050.0 0.0
Net Receivables 7,280.3 6,822.6 9,189.3 7,481.0 5,998.0 6,687.0 7,795.0 6,969.0 6,015.0 6,542.7
Inventory 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Current Assets 4,884.5 2,637.4 4,446.1 2,682.0 2,436.0 2,531.0 2,394.0 1,477.0 2,374.0 3,110.4
Total Current Assets 22,215.7 19,638.0 25,890.2 21,401.0 20,506.0 20,896.0 23,796.0 20,571.0 20,817.0 25,082.1
Non-Current Assets
Property, Plant & Equipment 5,165.3 4,347.7 4,818.8 4,493.0 4,239.0 4,255.0 4,264.0 4,276.0 4,402.0 4,757.9
Goodwill 34,107.9 28,537.0 32,734.4 31,147.0 29,487.0 29,777.0 29,558.0 29,088.0 29,144.0 31,181.9
Intangible Assets 2,808.2 2,289.0 2,708.1 2,706.0 2,708.0 2,365.0 2,449.0 2,505.0 2,190.0 2,464.6
Long-Term Investments 8,441.2 6,807.0 7,773.1 7,350.0 6,287.0 6,230.0 5,687.0 5,502.0 5,631.0 6,146.7
Other Non-Current Assets 5,030.2 4,210.7 4,666.5 4,349.0 3,782.0 3,862.0 4,037.0 5,446.0 3,873.0 4,049.8
Total Non-Current Assets 58,149.6 48,761.0 55,804.2 52,721.0 49,142.0 49,482.0 49,119.0 51,014.0 47,194.0 50,981.3
Total Assets 80,365.3 68,399.0 81,694.4 74,122.0 69,648.0 70,378.0 72,915.0 68,335.0 68,011.0 76,063.4
Current Liabilities
Account Payables 2,436.9 2,214.4 2,387.2 1,990.0 1,932.0 1,875.0 1,926.0 1,783.0 1,618.0 1,728.1
Short-Term Debt 3,562.6 2,854.0 3,679.2 3,636.0 3,864.0 1,751.0 1,659.0 1,143.0 1,640.0 2,943.5
Deferred Revenue 7,930.1 8,395.0 9,949.7 5,978.0 5,989.0 7,734.0 7,994.0 4,975.0 5,256.0 7,356.6
Other Current Liabilities 5,078.4 4,362.7 5,178.5 1,647.0 6,368.0 6,863.0 7,499.0 1,421.0 4,877.0 4,984.8
Total Current Liabilities 20,105.4 19,050.0 22,198.1 19,079.0 18,655.0 18,662.0 19,078.0 14,642.0 13,391.0 17,648.0
Non-Current Liabilities
Long-Term Debt 7,154.6 4,268.5 7,238.4 5,300.0 7,039.0 5,393.0 7,940.0 6,026.0 9,228.0 7,609.7
Deferred Tax Liabilities 219.7 292.6 333.8 215.0 318.0 267.0 274.0 265.0 155.0 159.3
Other Non-Current Liabilities 1,908.2 1,888.8 2,036.2 2,211.0 2,102.0 2,760.0 2,246.0 4,640.0 1,973.0 2,990.4
Total Non-Current Liabilities 9,452.9 7,950.0 9,715.3 9,234.0 9,526.0 9,775.0 10,501.0 12,291.0 11,380.0 12,343.6
Total Liabilities 29,558.3 27,000.0 31,913.4 28,314.0 28,181.0 28,437.0 29,579.0 24,929.0 24,771.0 29,991.6
Stockholders' Equity
Common Stock 1,444.1 1,229.0 1,327.6 1,229.0 1,229.0 1,229.0 1,229.0 1,229.0 1,229.0 1,340.8
Retained Earnings 53,663.4 43,653.0 48,276.3 42,907.0 41,424.0 39,953.0 41,630.0 42,457.0 41,102.0 43,885.5
Accumulated Other Comprehensive Income 331.4 463.0 3,384.3 4,694.0 1,931.0 3,519.0 3,183.0 2,367.0 3,775.0 3,381.0
Total Stockholders' Equity 50,298.2 40,998.0 49,379.2 45,440.0 41,212.0 41,652.0 43,079.0 43,157.0 42,959.0 45,763.1
Total Liabilities & Equity 80,366.5 68,399.0 81,695.5 74,122.0 69,648.0 70,378.0 72,915.0 68,335.0 68,011.0 76,063.4
Debt Metrics
Total Debt 10,717.2 8,763.5 10,917.6 10,651.0 10,903.0 8,731.0 9,599.0 8,790.0 10,868.0 12,106.8
Net Debt 666.2 805.6 (1,337.3) 1,042.0 898.0 861.0 304.0 666.0 1,490.0 (3,322.1)
Metric 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2
Operating Activities
Net Income 2,051.0 1,643.1 1,796.0 1,601.0 1,440.0 888.0 (824.0) (1,070.0) 3,544.0 724.0
Depreciation & Amortization 318.0 308.9 349.0 337.0 317.0 313.0 313.0 331.0 328.0 349.0
Stock-Based Compensation 430.0 529.0 420.0 0.0 535.0 509.0 688.0 543.0 510.0 614.0
Change in Working Capital (1,105.0) (31.0) 1,276.0 (2,206.0) (1,135.0) 692.0 3,235.0 (244.0) (797.0) (154.0)
Other Non-Cash Items (886.0) (627.0) (732.0) (282.0) (394.0) (1,332.0) (377.0) 1,799.0 (2,950.0) (1,035.0)
Operating Cash Flow 1,502.0 2,577.0 3,781.0 (550.0) 1,473.0 1,540.0 2,878.0 1,968.0 1,124.0 867.0
Investing Activities
Capital Expenditure (201.0) (190.0) (168.0) (269.0) (163.0) (178.0) (187.0) (190.0) (182.0) (156.0)
Acquisitions (695.0) 36.3 (3.0) 34.0 (1,085.0) 28.0 (19.0) (1,168.0) 182.0 (91.0)
Purchases of Investments (983.0) (1,915.2) (1,366.0) 116.0 1,470.0 (3,739.0) (4,248.0) (597.0) (2,749.0) 138.0
Sales/Maturities of Investments 1,642.0 1,332.2 1,422.0 81.0 82.0 4,073.0 3,297.0 42.0 143.0 621.0
Other Investing Activities 163.0 12.0 158.0 (1.0) 26.0 (2.0) 171.0 (88.0) (851.0) 6,351.0
Investing Cash Flow (74.0) (716.0) 43.0 (39.0) 330.0 182.0 (986.0) (2,001.0) (3,457.0) 6,863.0
Financing Activities
Net Debt Issuance (322.0) (601.0) (1,317.0) 345.0 1,185.0 (71.0) (90.0) (692.0) (1,718.0) (694.0)
Stock Repurchased (304.0) (1,403.2) (125.0) (481.0) (650.0) (543.0) (432.0) (231.0) (718.0) 0.0
Dividends Paid 0.0 (2,545.7) 0.0 0.0 0.0 (2,565.0) 0.0 0.0 0.0 (2,395.0)
Other Financing Activities (74.0) (469.1) (281.0) (98.0) (6.0) (7.0) (265.0) (38.0) (78.0) 43.0
Financing Cash Flow (700.0) (5,019.0) (1,723.0) (234.0) 529.0 (3,186.0) (787.0) (961.0) (2,514.0) (3,046.0)
Cash Position
Net Change in Cash 612.0 (3,403.0) 1,736.0 (396.0) 2,135.0 (1,425.0) 1,171.0 (1,254.0) (4,764.0) 4,635.0
Cash at Beginning 7,942.0 11,345.0 9,609.0 10,005.0 7,870.0 9,295.0 8,124.0 9,378.0 14,142.0 9,507.0
Cash at End 8,554.0 7,957.9 11,345.0 9,609.0 10,005.0 7,870.0 9,295.0 8,124.0 9,378.0 14,142.0
Free Cash Flow 1,301.0 2,387.0 3,613.0 (819.0) 1,310.0 1,362.0 2,691.0 1,778.0 942.0 711.0
Key Metrics 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2
Income Statement
Revenue 9,076.0 9,027.0 9,013.0 9,377.0 8,470.0 8,289.0 8,041.0 8,468.0 7,744.0 7,555.0
Gross Profit 6,671.0 6,620.0 6,607.0 6,942.0 6,212.0 6,017.0 5,762.0 6,204.0 5,637.0 5,409.0
Operating Income 2,487.0 2,456.0 2,333.0 2,017.0 2,214.0 1,222.0 787.0 1,902.0 1,723.0 1,371.0
Net Income 2,004.0 1,697.0 1,780.0 1,601.0 1,463.0 888.0 (828.0) 1,313.0 1,278.0 3,161.0
EPS (Diluted) 1.70 1.44 1.51 1.36 1.24 0.76 -0.70 1.01 1.08 2.68
Balance Sheet
Cash & Equivalents 10,051.0 7,957.9 12,254.9 9,609.0 10,005.0 7,870.0 9,295.0 8,124.0 9,378.0 15,428.9
Total Assets 80,365.3 68,399.0 81,694.4 74,122.0 69,648.0 70,378.0 72,915.0 68,335.0 68,011.0 76,063.4
Total Debt 10,717.2 8,763.5 10,917.6 10,651.0 10,903.0 8,731.0 9,599.0 8,790.0 10,868.0 12,106.8
Stockholders' Equity 50,298.2 40,998.0 49,379.2 45,440.0 41,212.0 41,652.0 43,079.0 43,157.0 42,959.0 45,763.1
Cash Flow
Operating Cash Flow 1,502.0 2,577.0 3,781.0 (550.0) 1,473.0 1,540.0 2,878.0 1,968.0 1,124.0 867.0
Capital Expenditure (201.0) (190.0) (168.0) (269.0) (163.0) (178.0) (187.0) (190.0) (182.0) (156.0)
Free Cash Flow 1,301.0 2,387.0 3,613.0 (819.0) 1,310.0 1,362.0 2,691.0 1,778.0 942.0 711.0