SAP SE
Financial Performance
SAP Revenue & Financials
Revenue
~$41.6B (FY2025)
Market Cap
$238.9B
Net Income
~$8.1B
Employees
112,019
What is SAP's revenue?
SAP had ~$41.6B in revenue for fiscal year 2025, up 7.7% from 2024. Net income was ~$8.1B.
- Latest revenue
- ~$41.6B (FY2025)
- Year-over-year
- +7.7%
- Growth rate (CAGR)
- 5.8% over 9 years
- Peak revenue
- ~$41.6B (FY2025)
- Years of data
- 10
- Employees
- 112,019
- How much profit does SAP make?
- SAP reported net income of ~$8.1B for fiscal year 2025. sec.gov
- How many employees does SAP have?
- SAP has about 112,019 employees.
Financial Analysis
SAP has spent most of the 2020s turning license-and-maintenance revenue into cloud subscriptions. The shift hurt margins early on: in October 2020 SAP cut its outlook and pushed back its margin targets, and its shares dropped about 22% in a day. The model has since matured. Cloud revenue rose from ~$9.15 billion (EUR 8.1 billion) in 2020 to ~$23.7 billion (EUR 21.0 billion) in 2025, total revenue reached ~$41.6 billion (EUR 36.8 billion), and IFRS profit after tax attributable to owners was ~$8.14 billion (EUR 7.2 billion). For 2026 SAP guided to ~$29.2 billion (EUR 25.8 billion) to ~$29.6 billion (EUR 26.2 billion) of cloud revenue and about $11.3 billion (EUR 10 billion) of free cash flow. SAP is Europe's largest software company, sustaining a robust market valuation generally over $200 billion through its enterprise resource planning dominance.
Revenue Trend Analysis
YoY Change
+7.7%
9-Year CAGR
+5.8%
Peak Year
2025
Trend
Consistent Growth
SAP SE has 10 full fiscal year figures on this page, compounding at +5.8% annually over 9 years. The most recent year saw a 7.7% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$41.6B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
Click any row to see year details.
SAP SE balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | ~$10.3B | ~$79.5B | ~$28.6B | ~$50.4B | Form 20-F |
| FY2024ended Dec 31, 2024 | ~$5.9B | ~$83.9B | ~$32.1B | ~$51.3B | Form 20-F |
| FY2023ended Dec 31, 2023 | ~$7.1B | ~$77.2B | ~$28.2B | ~$48.8B | Form 20-F |
| FY2022ended Dec 31, 2022 | ~$6.4B | ~$81.5B | ~$33.1B | ~$45.4B | Form 20-F |
| FY2021ended Dec 31, 2021 | ~$7B | ~$80.4B | ~$33.5B | ~$43.9B | Form 20-F |
| FY2020ended Dec 31, 2020 | ~$8.1B | ~$66.1B | ~$32.2B | ~$33.6B | Form 20-F |
| FY2019ended Dec 31, 2019 | ~$4B | ~$68B | ~$33.2B | ~$34.7B | Form 20-F |
| FY2018ended Dec 31, 2018 | ~$4.9B | ~$58.2B | ~$25.6B | ~$32.6B | Form 20-F |
| FY2017ended Dec 31, 2017 | ~$5.7B | ~$48B | ~$19.2B | ~$28.8B | Form 20-F |
| FY2016ended Dec 31, 2016 | ~$5.2B | ~$50B | ~$20.2B | ~$29.8B | Form 20-F |
Keep researching SAP
SAP Revenue and Financial FAQ
What was SAP SE's revenue performance in 2023 and 2024?
SAP generated €31.21 billion ($34 billion) in total revenue in 2023 (up 6% YoY, and up 9% in constant currency) and accelerated past €33.5 billion in 2024, powered by 25%+ organic growth in cloud revenues.
How fast is SAP's cloud revenue expanding?
Cloud revenue grew 20% in 2023 to €13.66 billion, surging past €17.5 billion in 2024, officially overtaking software support and legacy licenses to represent the majority of SAP's total revenue.
What is the scale of SAP's Current Cloud Backlog (CCB)?
SAP's Current Cloud Backlog crossed €14.8 billion to €15.5 billion in 2024 (growing at 27% to 29% constant currency), demonstrating accelerating customer commitments to multi-year RISE with SAP cloud contracts.
What is SAP's non-IFRS operating profit and margin trajectory?
SAP generated €8.72 billion in non-IFRS operating profit in 2023 and targeted double-digit operating profit expansion toward €10.0 billion by 2025, driven by cloud gross margin improvements and corporate automation.
How much Free Cash Flow (FCF) does SAP generate annually?
SAP generated €5.08 billion in free cash flow in 2023 (up 16% YoY) and guided free cash flow to scale toward €8.0 billion by 2025, supported by upfront annual cloud subscription cash collections.
What was the financial impact of the Qualtrics divestiture in 2023?
In June 2023, SAP completed the sale of its controlling stake in Qualtrics to private equity firm Silver Lake and CPP Investments for an enterprise valuation of $12.5 billion, generating approximately $7.7 billion in net cash proceeds for SAP.
What was the company-wide restructuring program announced in early 2024?
In January 2024, SAP announced a strategic restructuring program affecting approximately 8,000 to 10,000 positions (costing roughly €3.0 billion in restructuring expenses), re-skilling employees and shifting resources toward Business AI and cloud engineering.
What is SAP's dividend track record and payout yield?
SAP has paid continuous cash dividends for over 30 years, paying €2.20 per share in 2024 (up 7.3% YoY), distributing over €2.5 billion annually to shareholders with a consistent payout ratio of ~40% to 50% of non-IFRS net profit.
What share repurchase programs has SAP authorized?
In 2023-2024, SAP executed a €5.0 billion share repurchase program, retiring shares and offsetting dilution from employee share-based compensation schemes.
What is SAP's balance sheet health and net liquidity?
Following the Qualtrics cash inflow, SAP maintains an exceptionally strong balance sheet with net liquidity of approximately €3.5 billion, holding €8.5B+ in cash and liquid investments with an A+ investment-grade credit rating.
How has SAP stock performed on the Frankfurt Stock Exchange (DAX)?
SAP shares reached historic all-time highs above €200 to €220 per share in 2024, pushing its market capitalization beyond €240 billion to €260 billion ($280B+), cementing SAP as the most valuable publicly traded technology company in Europe.
What are SAP's long-term 2025 financial ambitions?
SAP's 2025 ambitions target over €21.5 billion in cloud revenue, total revenue exceeding €37.5 billion, non-IFRS operating profit surpassing €10.0 billion, and predictable recurring revenue representing over 86% of total sales.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "SAP Revenue & Financials." CorpDigest, https://corpdigest.com/company/sap/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>SAP reported ~$41.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/sap/financials" target="_blank" rel="noopener">CorpDigest — SAP financials</a></div>Related Financial Audits
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