SAP SE (SAP) financials
SAP revenue and earnings by year
SAP's revenue was $43.3 billion in the fiscal year to December 31, 2025, up 21.6% from the year before. Net income was $8.42 billion, 19.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43.3 | 35.6 | 34.7 | 31.4 | 30.6 | 33.3 | 31.0 | 28.4 | 28.2 | 23.2 |
| Revenue growth | 21.6% | 2.7% | 10.4% | 2.5% | -8.1% | 7.7% | 9.0% | 0.8% | 21.3% | — |
| Gross profit | 31.5 | 26.0 | 25.0 | 22.9 | 22.4 | 23.7 | 21.6 | 19.8 | 19.7 | 16.3 |
| Gross margin | 72.9% | 73.0% | 72.2% | 72.8% | 73.2% | 71.2% | 69.7% | 69.8% | 69.9% | 70.2% |
| Operating income | 11.4 | 11.6 | 6.9 | 6.8 | 7.4 | 7.9 | 7.5 | 6.6 | 6.3 | 5.5 |
| Operating margin | 26.4% | 32.5% | 20.0% | 21.8% | 24.2% | 23.6% | 24.3% | 23.4% | 22.3% | 23.6% |
| Net income | 8.4 | 3.3 | 4.0 | 3.5 | 7.3 | 6.3 | 3.7 | 4.7 | 4.8 | 3.8 |
| Net margin | 19.5% | 9.1% | 11.6% | 11.1% | 23.9% | 18.8% | 12.1% | 16.5% | 17.1% | 16.5% |
| Diluted EPS | $7.04 | $2.84 | — | $2.05 | $5.21 | $5.12 | $3.10 | $4.00 | $3.92 | — |
| Free cash flow | 10.0 | 4.7 | 6.2 | 5.2 | 6.4 | 7.9 | 3.1 | 3.3 | 4.6 | 3.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SAP in Markets.
See also: SAP valuation and P/E history · SAP returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.