stockrowSAP 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
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SAP SE (SAP) Gross margin
SAP SE's gross margin over the twelve months to 30 September 2026 was 72.7%, down 0.2 percentage points from fiscal 2025 (72.9%). Over the past ten years it has ranged from 68.2% (fiscal 2015) to 73.0% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 72.9% | (0.09) |
| FY2024 | 73.0% | 0.75 |
| FY2023 | 72.2% | 1.14 |
| FY2022 | 71.1% | (0.40) |
| FY2021 | 71.5% | 0.30 |
| FY2020 | 71.2% | 1.48 |
| FY2019 | 69.7% | (0.12) |
| FY2018 | 69.8% | (0.15) |
| FY2017 | 70.0% | (0.21) |
| FY2016 | 70.2% | 1.98 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 73.1% | (0.05) |
| Jun 2026 | 73.2% | 0.19 |
| Mar 2026 | 73.0% | 1.51 |
| Dec 2025 | 71.5% | (2.03) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ADBE Adobe Inc. compare | 89.3% |
| INTU Intuit Inc. compare | 80.2% |
| CRM Salesforce, Inc. compare | 77.3% |
| NOW ServiceNow, Inc. compare | 73.1% |
| SAP SAP SE | 72.7% |
| SNOW Snowflake Inc. compare | 67.0% |
| SHOP Shopify Inc. compare | 47.5% |
| ADP Automatic Data Processing, Inc. compare | 46.6% |
| UBER Uber Technologies, Inc. compare | 43.2% |
| Software Application industry median | 66.9% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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