MARKETS / NYSE / SAP
NYSE · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

SAP SE SAP

11 fiscal years on record · EUR · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
€36.8B
▲ 7.7% vs FY2024
Dividend streak
2 yrs
Raised every year since 2024
EPS · FY25
€6.10
Dividend / sh · FY25
€2.35
Payout · FY25
38%
ROE · FY25
15.9%
Net margin · FY25
19.5%
Dividend coverage
2.6×
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Result
EUR 36.8B
Revenue, FY2025 · full 11-year series below
Revenue Net income
1020304036.87.220152018202120242025
1020304036.87.22016201920222025

19 cents of every revenue dollar became profit this year.

Per share
EUR 6.10
Diluted EPS, FY2025
EPS Dividend
2.557.52.356.1020152018202120242025
2.557.52.356.102016201920222025

Earnings covered the dividend 2.6 times — the rest stayed in the company.

Profitability
15.9%
Return on equity, FY2025
ROE
510152015.9%20152018202120242025
510152015.9%2016201920222025
Operating margin26.1%
Net margin19.5%
Return on assets9.9%

Each EUR of equity produced 16 cents of profit this year.

Returned to shareholders
EUR 4.7B
returned in FY2025 · dividends + net buybacks
Dividends paidEUR 2.7B
Net buybacksEUR 1.9B
Share of profit65.4%
Consecutive raises2 years

EUR 2.7B in dividends and EUR 1.9B in buybacks — 65% of the year's profit went back to shareholders.

Growth
+6.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.6%
+6.1%
+5.9%
Net income
+46.4%
+6.8%
+8.9%
EPS, diluted
+46.5%
+7.0%
+9.1%
Dividend / share
−1.4%
+8.3%
Returned to shareholders
+2.3%
+6.9%
+13.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
EUR 70.4B
total assets, end of FY2025
Total assetsEUR 70.4B
EquityEUR 44.6B
CashEUR 8.2B
Gross debtEUR 6.2B
Net debtEUR -2.1B
Current ratio1.16×

The company holds more cash than debt.

History
11 fiscal years
Every figure from documents filed with the SEC · EUR
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue €B
36.8
34.2
31.2
29.5
27.0
27.3
27.6
24.7
23.5
22.1
20.8
Operating income €B
9.6
4.7
5.8
5.9
6.3
6.6
4.5
5.7
4.9
5.1
4.3
EBITDA €B
·
·
·
·
·
·
·
·
·
·
·
Income tax €B
2.9
1.6
1.7
1.4
1.7
1.9
1.2
1.5
1.0
1.2
0.9
Net income €B
7.2
3.1
6.1
2.3
5.3
5.1
3.3
4.1
4.0
3.6
3.1
EPS, diluted €
6.10
2.65
5.20
1.94
4.46
4.35
2.78
3.42
3.35
3.04
2.56
Dividend / sh €
2.35
2.20
2.05
2.45
1.85
1.58
1.50
1.40
1.25
1.15
·
Payout %
38
82
39
125
42
36
54
41
42
38
43
ROE %
15.9
7.1
14.7
5.8
15.3
17.0
11.1
15.0
15.5
13.8
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
42 of 42
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed