SAP on NYSE

SAP

Logo: SAP SE, Public domain, via Wikimedia Commons⁴

German multinational enterprise-software company

SAP SE (; German pronunciation: [ɛsʔaːˈpeː] ) is a German multinational software company based in Walldorf, Baden-Württemberg, that is the world's largest vendor of enterprise software. In June 2025, it was the largest European company by market capitalization, as well as one of the 30 most valuable publicly traded companies in the world.³ From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

Apr 1, 1972Founded¹

Compare with Block, Inc., Adobe or Intuit, or pick any stock.

TickerSAP on NYSE¹
Industrysoftware development, software industry¹
HeadquartersWalldorf¹
Founded inWeinheim¹
Websitewww.sap.com
Legal formSocietas Europaea¹
Listed onItalian Stock Exchange (SAP), Frankfurt Stock Exchange (SAP), New York Stock Exchange (SAP)¹
Incorporated inGermany⁵
Business addressDietmar-Hopp-Allee 16, Walldorf, 2M 69190⁵
Filer categoryLarge accelerated filer⁵

See how the biggest companies compare on our leaderboards

SAP SE (German pronunciation: [ɛsʔaːˈpeː] ) is a German multinational software company based in Walldorf, Baden-Württemberg, that is the world's largest vendor of enterprise software. In June 2025, it was the largest European company by market capitalization, as well as one of the 30 most valuable publicly traded companies in the world.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2017

69.9%Gross margin⁷

20.8%Operating margin⁷

17.3%Net margin⁷

15.9%Return on equity⁷

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 31% of the revenue SAP broke down this way in fiscal 2025.

United States11.5B EUR⁸31%up 4% from 2024
Rest of EMEA11.2B EUR⁸30%up 10% from 2024
Country of domicile [member]5.8B EUR⁸16%up 9% from 2024
Asia Pacific Excluding Japan3.7B EUR⁸10%up 9% from 2024
Americas (Excluding United States)3.0B EUR⁸8%up 8% from 2024
Japan1.6B EUR⁸4%up 13% from 2024

Regions by year

Regions	2023	2024	2025
United States	10.2B EUR	11.1B EUR	11.5B EUR
Rest of EMEA	9.1B EUR	10.2B EUR	11.2B EUR
Country of domicile [member]	4.9B EUR	5.4B EUR	5.8B EUR
Asia Pacific Excluding Japan	3.2B EUR	3.4B EUR	3.7B EUR
Americas (Excluding United States)	2.6B EUR	2.8B EUR	3.0B EUR
Japan	1.2B EUR	1.4B EUR	1.6B EUR

Where the money goes

Where each dollar of revenue went, fiscal 2017

Other costsProfit

Other costs83¢$23.3B
Profit17¢$4.9B

Out of $28.2B in revenue.⁷

Where each dollar of operating cash went, fiscal 2017

Kept or used elsewhere

Kept or used elsewhere100¢$6.1B

Out of $6.1B of cash from operations.⁷

Financial statements

Every line of the income statement in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Cloud	21.0B EUR	17.1B EUR	13.7B EUR
Software licenses	990.0M EUR	1.4B EUR	1.8B EUR
Software support	10.5B EUR	11.3B EUR	11.5B EUR
Software licenses and support	11.5B EUR	12.7B EUR	13.3B EUR
Cloud and software	32.5B EUR	29.8B EUR	26.9B EUR
Services	4.3B EUR	4.3B EUR	4.3B EUR
Total revenue	36.8B EUR	34.2B EUR	31.2B EUR
Cost of cloud	-5.5B EUR	-4.7B EUR	-3.9B EUR
Cost of software licenses and support	-1.3B EUR	-1.3B EUR	-1.4B EUR
Cost of cloud and software	-6.8B EUR	-5.9B EUR	-5.3B EUR
Cost of services	-3.2B EUR	-3.3B EUR	-3.4B EUR
Total cost of revenue	-10.0B EUR	-9.2B EUR	-8.7B EUR
Gross profit	26.8B EUR	24.9B EUR	22.5B EUR
Research and development	-6.6B EUR	-6.5B EUR	-6.3B EUR
Sales and marketing	-8.9B EUR	-9.1B EUR	-8.8B EUR
General and administration	-1.6B EUR	-1.4B EUR	-1.4B EUR
Restructuring	-3.0M EUR	-3.1B EUR	-215.0M EUR
Other operating income/expense, net	-49.0M EUR	-85.0M EUR	-4.0M EUR
Total operating expenses	-27.2B EUR	-29.5B EUR	-25.4B EUR
Operating profit	9.6B EUR	4.7B EUR	5.8B EUR
Other non-operating income/expense, net	118.0M EUR	-298.0M EUR	-3.0M EUR
Finance income	1.9B EUR	1.4B EUR	857.0M EUR
Finance costs	-1.4B EUR	-1.0B EUR	-1.3B EUR
Financial income, net	534.0M EUR	398.0M EUR	-456.0M EUR
Profit before tax from continuing operations	10.3B EUR	4.8B EUR	5.3B EUR
Income tax expense	-2.9B EUR	-1.6B EUR	-1.7B EUR
Profit after tax from continuing operations	7.3B EUR	3.1B EUR	3.6B EUR
Attributable to owners of parent	7.2B EUR	3.1B EUR	3.6B EUR
Attributable to non-controlling interests	165.0M EUR	26.0M EUR	-33.0M EUR
Profit (loss) after tax from discontinued operations	0 EUR	0 EUR	2.4B EUR
Profit after tax	7.3B EUR	3.1B EUR	6.0B EUR
Attributable to owners of parent	7.2B EUR	3.1B EUR	6.1B EUR
Attributable to non-controlling interests	165.0M EUR	26.0M EUR	-175.0M EUR
Earnings per share, basic from continuing operations (in Euro per share)	6.14 EUR	2.68 EUR	3.11 EUR
Earnings per share, basic (in Euro per share)	6.14 EUR	2.68 EUR	5.26 EUR
Earnings per share, diluted from continuing operations (in Euro per share)	6.10 EUR	2.65 EUR	3.08 EUR
Earnings per share, diluted (in Euro per share)	6.10 EUR	2.65 EUR	5.20 EUR

Every line of the balance sheet in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	8.2B EUR	9.6B EUR	8.1B EUR
Other financial assets	1.6B EUR	1.6B EUR
Trade and other receivables	6.7B EUR	6.8B EUR
Other non-financial assets	3.2B EUR	2.7B EUR
Tax assets	598.0M EUR	707.0M EUR
Total current assets	20.3B EUR	21.4B EUR
Goodwill	29.0B EUR	31.3B EUR
Intangible assets	2.3B EUR	2.7B EUR
Property, plant, and equipment	4.5B EUR	4.5B EUR
Other financial assets	7.3B EUR	7.1B EUR
Trade and other receivables	218.0M EUR	209.0M EUR
Other non-financial assets	4.4B EUR	4.0B EUR
Tax assets	244.0M EUR	359.0M EUR
Deferred tax assets	2.2B EUR	2.7B EUR
Total non-current assets	50.1B EUR	52.8B EUR
Total assets	70.4B EUR	74.2B EUR
Trade and other payables	2.4B EUR	2.0B EUR
Tax liabilities	968.0M EUR	585.0M EUR
Financial liabilities	2.0B EUR	4.3B EUR
Other non-financial liabilities	4.8B EUR	5.5B EUR
Provisions	537.0M EUR	716.0M EUR
Contract liabilities	6.6B EUR	6.0B EUR
Total current liabilities	17.4B EUR	19.1B EUR
Trade and other payables	2.0M EUR	10.0M EUR
Tax liabilities	562.0M EUR	512.0M EUR
Financial liabilities	6.0B EUR	7.2B EUR
Other non-financial liabilities	524.0M EUR	749.0M EUR
Provisions	550.0M EUR	494.0M EUR
Deferred tax liabilities	72.0M EUR	326.0M EUR
Contract liabilities	144.0M EUR	88.0M EUR
Total non-current liabilities	7.9B EUR	9.3B EUR
Total liabilities	25.3B EUR	28.4B EUR
Issued capital	1.2B EUR	1.2B EUR
Share premium	2.8B EUR	2.6B EUR
Retained earnings	47.3B EUR	42.9B EUR
Other components of equity	182.0M EUR	4.7B EUR
Treasury shares	-6.9B EUR	-6.0B EUR
Equity attributable to owners of parent	44.6B EUR	45.4B EUR
Non-controlling interests	488.0M EUR	368.0M EUR
Total equity	45.1B EUR	45.8B EUR	43.4B EUR
Total equity and liabilities	70.4B EUR	74.2B EUR

Every line of the cash flow in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Profit (loss) after tax	7.3B EUR	3.1B EUR	6.0B EUR
(Profit) loss after tax from discontinued operations	0 EUR	0 EUR	-2.4B EUR
Depreciation and amortization	1.3B EUR	1.3B EUR	1.4B EUR
Share-based payment expense	1.7B EUR	2.4B EUR	2.2B EUR
Income tax expense	2.9B EUR	1.6B EUR	1.7B EUR
Financial income, net	-534.0M EUR	-398.0M EUR	456.0M EUR
Increase/decrease in allowances on trade receivables	11.0M EUR	30.0M EUR	-10.0M EUR
Other adjustments for non-cash items	94.0M EUR	110.0M EUR	23.0M EUR
Increase/decrease in trade and other receivables	-388.0M EUR	-247.0M EUR	-393.0M EUR
Increase/decrease in other assets	-1.3B EUR	-632.0M EUR	-700.0M EUR
Increase/decrease in trade payables, provisions, and other liabilities	-308.0M EUR	603.0M EUR	633.0M EUR
Increase/decrease in contract liabilities	1.3B EUR	869.0M EUR	443.0M EUR
Share-based payments	-817.0M EUR	-1.3B EUR	-1.1B EUR
Income taxes paid, net of refunds	-2.2B EUR	-2.3B EUR	-2.2B EUR
Net cash flows from operating activities - continuing operations	9.2B EUR	5.2B EUR	6.1B EUR
Net cash flows from operating activities - discontinued operations	0 EUR	0 EUR	113.0M EUR
Net cash flows from operating activities	9.2B EUR	5.2B EUR	6.2B EUR
Business combinations, net of cash and cash equivalents acquired	-702.0M EUR	-1.1B EUR	-1.2B EUR
Cash flows from derivative financial instruments related to the sale of subsidiaries or businesses	0 EUR	0 EUR	-91.0M EUR
Purchase of intangible assets and property, plant, and equipment	-739.0M EUR	-797.0M EUR	-785.0M EUR
Proceeds from sales of intangible assets and property, plant, and equipment	121.0M EUR	122.0M EUR	99.0M EUR
Purchase of equity or debt instruments of other entities	-5.8B EUR	-6.4B EUR	-3.6B EUR
Proceeds from sales of equity or debt instruments of other entities	5.8B EUR	7.5B EUR	907.0M EUR
Interest received	420.0M EUR	563.0M EUR	469.0M EUR
Net cash flows from investing activities - continuing operations	-965.0M EUR	-93.0M EUR	-4.1B EUR
Net cash flows from investing activities - discontinued operations	0 EUR	0 EUR	5.5B EUR
Net cash flows from investing activities	-965.0M EUR	-93.0M EUR	1.4B EUR
Dividends paid	-2.7B EUR	-2.6B EUR	-2.4B EUR
Dividends paid on non-controlling interests	-2.0M EUR	-1.0M EUR	-13.0M EUR
Purchase of treasury shares	-1.9B EUR	-2.1B EUR	-949.0M EUR
Proceeds from borrowings	2.0M EUR	2.8B EUR	13.0M EUR
Repayments of borrowings	-3.2B EUR	-1.2B EUR	-4.1B EUR
Payments of lease liabilities	-299.0M EUR	-310.0M EUR	-332.0M EUR
Transactions with non-controlling interests	0 EUR	-11.0M EUR	0 EUR
Interest paid	-574.0M EUR	-550.0M EUR	-393.0M EUR
Net cash flows from financing activities - continuing operations	-8.7B EUR	-4.0B EUR	-8.2B EUR
Net cash flows from financing activities - discontinued operations	0 EUR	0 EUR	20.0M EUR
Net cash flows from financing activities	-8.7B EUR	-4.0B EUR	-8.1B EUR
Effect of foreign currency rates on cash and cash equivalents	-836.0M EUR	333.0M EUR	-388.0M EUR
Net increase/decrease in cash and cash equivalents	-1.4B EUR	1.5B EUR	-883.0M EUR
Net cash flows from investing activities - discontinued operations.			815.0M EUR
Total Income Taxes Paid Refund			3.0B EUR

Compare SAP with another company

The story

Founded by Claus Wellenreuther, Dietmar Hopp, Hans-Werner Hector, Hasso Plattner and Klaus Tschira on Apr 1, 1972, in Weinheim.¹

Leadership

Who has led SAP, and when. Pick a name to see everywhere that person has worked.

Chief executive

19801990200020102020

FounderClaus Wellenreuther¹
FounderDietmar Hopp¹
FounderHans-Werner Hector¹
FounderHasso Plattner¹
FounderKlaus Tschira¹
Chief executive officerChristian Klein Oct 2019 to now¹
Chief executive officerJennifer Morgan Oct 2019 to Apr 2020¹

Board members and other officers (1)

Vice presidentAndreas Welsch 2001 to 2024¹

Products and brands

SAP ERP

Listed on Wikidata.¹

Subsidiaries and ownership

Owners

Dietmar Hopp 13% since Dec 2017
Hasso Plattner 7.1%
BlackRock 5.1%
Government Pension Fund Global 1.8%

Subsidiaries

Delos Cloud
Gigya
KXEN Inc.
Prior Labs
SAP Ariba
SAP Concur
SAP SuccessFactors
SAP ČR
Systems Applications and Products in Data Processing (Australia)
Systems Applications and Products in Data Processing (United States)
Business Objects since Jan 22, 2008
Fieldglass since Mar 2014
WalkMe since Sep 12, 2024

Also owns

Sybase

From Wikidata.¹

Acquisitions

Sep 12, 2024Acquired WalkMe¹
Mar 2014Fieldglass became a subsidiary¹
Jan 22, 2008Business Objects became a subsidiary¹
Succeeded SAP AG¹

Employees over time

SAP employees by year¹106.0K in 2023+43% since 2014

2023106,043¹
2022111,961¹
2021107,415¹
2020102,430¹
2019100,330¹
201896,498¹
201788,543¹
201684,183¹

Former names

SAP AGJun 26, 2007 to Jul 7, 2014⁵
SAP AKTIENGESELLSCHAFT SYSTEMS APPLICATIONS PRODUCTS IN DATAAug 8, 1996 to Aug 14, 2009⁵

Timeline

Oct 2019New chief executive Christian Klein becomes CEO¹
Oct 2019New chief executive Jennifer Morgan becomes CEO¹
Aug 3, 1998Went public Listed on NYSE¹
Nov 4, 1988Went public Listed on Frankfurt Stock Exchange¹
Apr 1, 1972Founded Founded in Weinheim¹

Recent filings

Aug 24, 2026S-8
Jul 28, 20266-K
Jun 10, 202611-K
May 8, 20266-K
Apr 28, 20266-K
Apr 21, 20266-K
Mar 6, 20266-K
Feb 26, 202620-F
Feb 3, 20266-K
Nov 14, 2025S-8
Oct 27, 20256-K
Jul 25, 20256-K
Jun 18, 202511-K
May 21, 20256-K
Apr 25, 20256-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataSAP on Wikidata
2
SEC EDGARSAP filings on SEC EDGAR
3
WikipediaSAP on Wikipedia
4
Wikimedia CommonsSAP logo by SAP SE, Public domain
5
SEC EDGARSAP filings on SEC EDGAR
6
Wikimedia CommonsSAP photo by MichaelBr90, CC BY-SA 3.0
7
SEC EDGARSAP 10-K for fiscal 2017
8
SEC EDGARSAP 20-F for fiscal 2025: revenue by region