SAP vs Tally Solutions: Revenue, Profit and Business Model
SAP had ~$41.6B of annual revenue in FY2025 and ~$8.1B of net income. Tally Solutions had ~$82.4M of annual revenue in FY2025.
Latest financial snapshot
SAP
- Latest annual revenue
- ~$41.6B (FY2025)
- Net income
- ~$8.1B
- Net margin
- 19.5%
- Revenue growth
- +5.8% a year, FY2016–FY2025
Tally Solutions
- Latest annual revenue
- ~$82.4M (FY2025)
- Net income
- Unavailable here
- Net margin
- —
- Revenue growth
- +12.8% a year, FY2023–FY2025
Financial summary
SAP
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.
Tally Solutions
Tally Solutions reported operating revenue of ~$82.4 million (₹710 crore) in FY2025, up about 14% from ~$72.3 million (₹622.9 crore) in FY2024 and ~$64.8 million (₹558.4 crore) in FY2023. Net profit fell from ~$5.93 million (₹51.1 crore) in FY2023 to about $2.9 million (₹25 crore) in FY2024; FY2025 profit was not disclosed. Growth in FY2025 came mainly from Tally Software Services renewals, and international markets supplied nearly 12% of revenue. Tally Solutions Pvt. Ltd. is a highly dominant Indian multinational technology company providing enterprise resource planning (ERP) software, operating securely as a private entity with a massive domestic market share.
Revenue and profit by year
SAP
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$41.6B | ~$8.1B | 19.5% | +7.7% | Source |
| FY2024 | ~$38.6B | ~$3.5B | 9.1% | +9.5% | Source |
| FY2023 | ~$35.3B | ~$6.9B | 19.7% | +5.7% | Source |
| FY2022 | ~$33.4B | ~$2.6B | 7.7% | +9.5% | Source |
| FY2021 | ~$30.5B | ~$5.9B | 19.5% | -1.4% | Source |
| FY2020 | ~$30.9B | ~$5.8B | 18.8% | -0.8% | Source |
| FY2019 | ~$31.1B | ~$3.8B | 12.1% | +11.5% | Source |
| FY2018 | ~$27.9B | ~$4.6B | 16.5% | +5.3% | Source |
| FY2017 | ~$26.5B | ~$4.5B | 17.1% | +6.3% | Source |
| FY2016 | ~$24.9B | ~$4.1B | 16.5% | — | Source |
Tally Solutions
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | ~$82.4M | — | — | +14.0% | Source |
| FY2024 | ~$72.3M | ~$2.9M | 4.0% | +11.6% | Source |
| FY2023 | ~$64.8M | ~$5.9M | 9.2% | — | Source |
Where the revenue comes from
SAP
- Cloud subscriptions
- Software support
- Software licenses
- Professional services
- Business AI and platform add-ons
Tally Solutions
- TallyPrime licenses and rentals
Not disclosed
One-time Silver (single-user) and Gold (multi-user) licenses plus monthly rental plans. TallyPrime as a whole makes up about 99% of company revenue.
- Tally Software Services (TSS) renewals
Not disclosed
Annual subscription (₹4,500 to ₹13,500) for upgrades, statutory GST/e-invoicing updates, connected banking and AI features. A rush of TSS renewals drove FY2025 growth.
- Tally Education and TallyCapital~1%
Training and certification courses, and a lending-access service connecting MSMEs to credit. Small today; the company targets 30% annual growth for education.
Business model and strategy
SAP
How it makes money
SAP earns most of its money from recurring fees. Cloud subscriptions (SaaS, PaaS and a small IaaS business) are now the largest line, led by the Cloud ERP Suite, which produced ~$6.21 billion (EUR 5.5 billion) of Q2 2026's ~$7.12 billion (EUR 6.3 billion) cloud revenue. Software support contracts on older on-premise licenses are the second pillar, but they are shrinking as customers migrate through RISE with SAP.
Growth strategy
SAP's growth strategy has three parts. First, migrate on-premise ERP customers to cloud through RISE with SAP for large enterprises and GROW with SAP for mid-market companies. Second, sell data and AI on top of that core: SAP Business Data Cloud, the Joule assistant and agents, and the Business AI platform. Third, use targeted acquisitions to fill gaps, including WalkMe in 2024 and Dremio and Prior Labs in 2026.
Competitive advantage
SAP's advantage comes from switching costs and process depth. Once a manufacturer or retailer has run finance, supply chain and procurement on SAP for years, its data models, customizations, controls and staff skills are all tied to the platform, and replacing it is a multi-year project.
Tally Solutions
How it makes money
Tally Solutions operates a hybrid perpetual licensing, software assurance subscription (Tally Software Services or TSS), and partner distribution model tailored specifically for micro, small, and medium enterprises (MSMEs). TallyPrime accounts for roughly 99% of revenue, according to the company.
Growth strategy
Tally Solutions' growth strategy is anchored on three key pillars: enterprise cloud modernization, deep MSME digitalization and compliance, and aggressive international expansion across emerging markets.
Competitive advantage
Tally Solutions possesses an entrenched competitive moat built on universal mindshare and generational workflow familiarity among Indian accountants, tax professionals, and MSMEs. Tally's offline-first architecture, extreme keyboard-driven navigation speed, and automated statutory GST compliance make switching costs prohibitively high for millions of Indian small businesses.
Questions about SAP vs Tally Solutions
Which company has higher revenue — SAP SE or Tally Solutions?
SAP SE had ~$41.6B (FY2025), while Tally Solutions had ~$82.4M (FY2025). By latest annual revenue, SAP SE is the larger business, with Tally Solutions showing a smaller revenue base.
What is the market cap of SAP SE vs Tally Solutions?
SAP SE has a market capitalisation of $238.9B. A public market cap figure for Tally Solutions was not available (it may be privately held).
How does revenue per employee compare for SAP SE and Tally Solutions?
SAP SE has $371k / employee in revenue per employee, while Tally Solutions has $75k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do SAP SE and Tally Solutions make money?
SAP SE and Tally Solutions generate revenue in fundamentally different ways. SAP SE: SAP earns most of its money from recurring fees. Tally Solutions: Tally Solutions operates a hybrid perpetual licensing, software assurance subscription (Tally Software Services or TSS), and partner distribution model tailored specifically for micro, small, and medium enterprises (MSMEs).
Is SAP SE bigger than Tally Solutions?
By last reported revenue, SAP SE (~$41.6B (FY2025)) is the larger company compared to Tally Solutions (~$82.4M (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the SAP vs Tally Solutions overview