SAP SE ADR
NYSE: SAP · TECHNOLOGY · SOFTWARE - APPLICATION
Updated 2026-06-05
SAP SE ADR (SAP) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $9.50B | $10.38B | $14.20B | $13.86B | $20.72B | $23.23B | $26.87B | $27.09B | $38.37B | $41.39B | $44.35B | $42.50B | $51.49B | $67.59B | $58.48B | $71.17B | $72.16B | $68.33B | $74.12B | $70.33B |
| Cash & equivalents | $2.40B | $1.61B | $1.28B | $1.88B | $3.52B | $4.96B | $2.48B | $2.75B | $3.35B | $3.41B | $3.70B | $4.01B | $8.63B | $5.96B | $5.31B | $8.90B | $9.01B | $8.12B | $9.61B | $8.22B |
| Current assets | $6.32B | $6.42B | $5.78B | $5.54B | $7.14B | $9.67B | $7.03B | $7.35B | $8.94B | $9.74B | $11.63B | $11.93B | $16.62B | $17.08B | $15.09B | $20.04B | $18.57B | $20.57B | $21.40B | $20.25B |
| Total liabilities | $3.36B | $3.87B | $6.96B | $5.27B | $10.94B | $10.52B | $12.70B | $11.05B | $18.78B | $18.09B | $17.97B | $16.96B | $22.61B | $32.99B | $28.55B | $29.65B | $29.31B | $24.93B | $28.31B | $25.11B |
| Current liabilities | $2.77B | $3.20B | $5.83B | $3.52B | $5.13B | $6.27B | $6.69B | $6.35B | $9.77B | $7.87B | $9.73B | $10.21B | $10.48B | $16.23B | $12.87B | $16.14B | $17.45B | $14.64B | $19.08B | $17.24B |
| Long-term debt | $2.13M | $2.92M | $2.78M | $1.00B | $5.78B | $3.68B | $5.77B | $5.07B | $10.81B | $9.37B | $6.45B | $5.00B | $10.54B | $11.09B | $13.61B | $11.04B | $9.55B | $6.03B | $5.30B | $4.19B |
| Shareholder equity | $6.14B | $6.51B | $7.23B | $8.57B | $9.76B | $12.70B | $14.17B | $16.04B | $19.50B | $23.30B | $26.38B | $25.54B | $28.83B | $34.51B | $29.71B | $41.52B | $40.13B | $43.16B | $45.44B | $44.73B |
| Retained earnings | $6.59B | $7.17B | $7.71B | $8.90B | $9.77B | $12.47B | $13.98B | $16.26B | $18.31B | $20.04B | $22.29B | $24.79B | $27.41B | $32.31B | $32.02B | $37.02B | $36.37B | $42.46B | $42.91B | $47.49B |
| Accounts receivable | $2.65B | $3.24B | $3.18B | $2.45B | $3.34B | $4.04B | $4.18B | $3.80B | $4.25B | $5.82B | $5.82B | $6.21B | $6.66B | $9.44B | $6.80B | $6.97B | $6.24B | $6.97B | $7.74B | $7.27B |
| Inventory | $3.98M | $4.80M | $9.34M | $11.00M | $12.00M | $11.00M | $59.00M | $319.00M | $108.91M | $361.00M | — | — | $0.00 | $0.00 | — | $588.00M | — | $-187.00M | — | — |
| Goodwill | $987.51M | $1.43B | $5.01B | $5.03B | $8.38B | $8.71B | $13.27B | $13.69B | $20.83B | $22.69B | $23.31B | $21.27B | $23.73B | $32.73B | $27.56B | $31.09B | $33.11B | $29.09B | $31.15B | $29.00B |
Frequently asked questions
What is SAP SE ADR's revenue?
SAP SE ADR's trailing twelve-month revenue is $37.34B, and consensus projects about $62.84B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is SAP?
In its most recent fiscal year, SAP ran a gross margin of 72.86%, an operating margin of 26.14%, and a net margin of 19.46%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does SAP generate?
SAP produced $7.94B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is SAP's balance sheet healthy?
SAP holds $8.22B in cash and equivalents against $4.19B in long-term debt, on $44.73B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.