SAP SE

SAP Technology Software Application

SAP SE’s revenue for fiscal 2025 (year ended December 2025) was $41.6 billion, up 12.6% from fiscal 2024.

Revenue
+11.4%
EPS
+13.0%
Free cash flow
+12.2%
Total debt
+14.3%

Quarter to September 2026, against a year earlier

243.68 3.64 +1.52%
Market cap
$274.9B
P/E
29.5×
Fwd P/E
29.2×
Dividend yield
1.20%
F-score
8/9
Altman Z
7.90
Beneish M
−2.54
Dividend safety
82/100

SAP SE (SAP) Debt to equity

Alert me on Debt to equity

SAP SE's debt to equity at the end of the quarter to 30 September 2026 was 0.2×, up 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.2× (fiscal 2025) to 0.5× (fiscal 2020) — the current reading is the lowest in ten years. That is above the Software Application industry median of 0.0× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× (28.33%)
FY2024 0.2× 12.11%
FY2023 0.2× (33.46%)
FY2022 0.3× (10.67%)
FY2021 0.4× (29.64%)
FY2020 0.5× 1.43%
FY2019 0.5× 29.95%
FY2018 0.4× 56.62%
FY2017 0.3× (17.82%)
FY2016 0.3× (23.12%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.2× (1.85%)
Jun 2026 0.2× 33.99%
Mar 2026 0.2× (3.24%)
Dec 2025 0.2× (15.08%)
43 more quarters

Against its own ten years

Low 0.2× High 0.5×
Ten-year median 0.3×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
SHOP Shopify Inc. compare 0.0×
SAP SAP SE 0.2×
INTU Intuit Inc. compare 0.3×
ADBE Adobe Inc. compare 0.5×
UBER Uber Technologies, Inc. compare 0.5×
NOW ServiceNow, Inc. compare 0.6×
ADP Automatic Data Processing, Inc. compare 1.0×
CRM Salesforce, Inc. compare 1.0×
SNOW Snowflake Inc. compare 1.1×
Software Application industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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