SAP
SAP SE ADR
NYSE: SAP · TECHNOLOGY · SOFTWARE - APPLICATION
$173.44
-1.04% today
Updated 2026-04-27
Market cap
$206.62B
P/E ratio
23.98
P/S ratio
5.53x
EPS (TTM)
$7.31
Dividend yield
1.69%
52W range
$161 – $313
Volume
3.2M
SAP SE ADR (SAP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.39B | $10.26B | $11.57B | $10.67B | $12.46B | $14.23B | $16.22B | $16.82B | $17.56B | $20.79B | $22.06B | $23.46B | $24.71B | $27.55B | $27.34B | $26.95B | $29.52B | $31.21B | $34.18B | $36.80B |
| Revenue growth (YoY) | — | +9.2% | +12.8% | -7.8% | +16.8% | +14.2% | +14.0% | +3.6% | +4.4% | +18.4% | +6.1% | +6.3% | +5.3% | +11.5% | -0.8% | -1.4% | +9.5% | +5.7% | +9.5% | +7.7% |
| Cost of revenue | $3.16B | $3.41B | $4.03B | $3.51B | $3.89B | $4.35B | $5.07B | $5.03B | $4.98B | $6.25B | $6.58B | $7.05B | $7.46B | $8.36B | $7.89B | $7.22B | $8.04B | $8.67B | $9.24B | $9.99B |
| Gross profit | $6.23B | $6.85B | $7.55B | $7.16B | $8.57B | $9.88B | $11.15B | $11.78B | $12.58B | $14.55B | $15.48B | $16.41B | $17.25B | $19.20B | $19.45B | $19.73B | $21.48B | $22.53B | $24.93B | $26.81B |
| Gross margin | 66.3% | 66.8% | 65.2% | 67.1% | 68.8% | 69.4% | 68.7% | 70.1% | 71.6% | 70.0% | 70.2% | 69.9% | 69.8% | 69.7% | 71.2% | 73.2% | 72.8% | 72.2% | 73.0% | 72.9% |
| R&D | $1.34B | $1.46B | $1.63B | $1.59B | $1.73B | $1.94B | $2.26B | $2.28B | $2.33B | $2.85B | $3.04B | $3.35B | $3.62B | $4.29B | $4.45B | $5.27B | $6.08B | $6.32B | $6.51B | $6.63B |
| SG&A | $2.38B | $2.67B | $624.00M | $564.00M | $636.00M | $715.00M | $949.00M | $866.00M | $892.00M | $1.05B | $1.00B | $1.07B | $1.10B | $1.63B | $1.36B | $1.19B | $1.29B | $1.36B | $1.44B | $1.63B |
| Operating income | $2.58B | $2.74B | $2.70B | $2.59B | $2.59B | $4.88B | $4.04B | $4.48B | $4.33B | $4.25B | $5.13B | $4.88B | $5.70B | $4.47B | $6.62B | $6.31B | $5.91B | $5.80B | $4.67B | $9.62B |
| Operating margin | 27.4% | 26.7% | 23.3% | 24.3% | 20.8% | 34.3% | 24.9% | 26.6% | 24.7% | 20.4% | 23.3% | 20.8% | 23.1% | 16.2% | 24.2% | 23.4% | 20.0% | 18.6% | 13.6% | 26.1% |
| EBITDA | $2.79B | $3.00B | $3.29B | $3.05B | $3.01B | $5.65B | $4.83B | $5.53B | $5.52B | $5.53B | $6.40B | $6.59B | $7.38B | $6.91B | $9.41B | $10.99B | $8.28B | $8.03B | $7.08B | $12.07B |
| EBITDA margin | 29.7% | 29.2% | 28.4% | 28.6% | 24.2% | 39.7% | 29.8% | 32.9% | 31.4% | 26.6% | 29.0% | 28.1% | 29.9% | 25.1% | 34.4% | 40.8% | 28.1% | 25.7% | 20.7% | 32.8% |
| EBIT | $2.58B | $2.74B | $2.75B | $2.55B | $2.48B | $4.93B | $3.97B | $4.58B | $4.51B | $4.24B | $5.13B | $5.32B | $6.02B | $5.03B | $7.58B | $9.45B | $6.71B | $6.65B | $5.79B | $10.76B |
| Interest expense | $0.00 | $0.00 | $123.00M | $117.00M | $123.00M | $160.00M | $175.00M | $181.00M | $152.00M | $250.36M | $259.00M | $288.00M | $418.00M | $438.00M | $355.00M | $945.00M | $2.20B | $1.31B | $1.03B | $1.32B |
| Income tax | $804.67M | $922.50M | $776.00M | $685.00M | $525.00M | $1.33B | $993.00M | $1.07B | $1.07B | $935.00M | $1.24B | $983.00M | $1.51B | $1.23B | $1.94B | $1.68B | $1.45B | $1.74B | $1.61B | $2.87B |
| Effective tax rate | 30.1% | 32.4% | 29.6% | 28.2% | 22.5% | 27.9% | 26.2% | 24.4% | 24.7% | 23.4% | 25.4% | 19.7% | 27.0% | 27.0% | 27.4% | 24.2% | 38.8% | 22.1% | 34.1% | 28.6% |
| Net income | $1.87B | $1.92B | $1.85B | $1.75B | $1.81B | $3.44B | $2.80B | $3.33B | $3.28B | $3.06B | $3.64B | $4.01B | $4.08B | $3.32B | $5.14B | $5.26B | $2.28B | $6.14B | $3.12B | $7.16B |
| Net income growth (YoY) | — | +2.7% | -3.9% | -5.4% | +3.6% | +89.7% | -18.4% | +18.7% | -1.4% | -6.6% | +18.9% | +10.0% | +1.9% | -18.7% | +54.9% | +2.2% | -56.5% | +168.8% | -49.1% | +129.2% |
| Profit margin | 19.9% | 18.7% | 16.0% | 16.4% | 14.5% | 24.1% | 17.3% | 19.8% | 18.7% | 14.7% | 16.5% | 17.1% | 16.5% | 12.1% | 18.8% | 19.5% | 7.7% | 19.7% | 9.1% | 19.5% |