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) Operating margin
SAP SE's operating margin over the twelve months to 30 September 2026 was 27.0%, up 0.9 percentage points from fiscal 2025 (26.1%). Over the past ten years it has ranged from 13.7% (fiscal 2024) to 26.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 26.1% | 12.48 |
| FY2024 | 13.7% | (4.89) |
| FY2023 | 18.5% | 3.41 |
| FY2022 | 15.1% | (1.59) |
| FY2021 | 16.7% | (7.51) |
| FY2020 | 24.2% | 8.00 |
| FY2019 | 16.2% | (6.86) |
| FY2018 | 23.1% | 2.30 |
| FY2017 | 20.8% | (2.48) |
| FY2016 | 23.3% | 2.83 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 28.5% | 1.75 |
| Jun 2026 | 26.8% | (1.91) |
| Mar 2026 | 28.7% | 4.52 |
| Dec 2025 | 24.2% | (3.25) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| ADBE Adobe Inc. compare | 35.7% |
| INTU Intuit Inc. compare | 27.4% |
| SAP SAP SE | 27.0% |
| ADP Automatic Data Processing, Inc. compare | 26.5% |
| CRM Salesforce, Inc. compare | 19.9% |
| SHOP Shopify Inc. compare | 14.6% |
| UBER Uber Technologies, Inc. compare | 12.4% |
| NOW ServiceNow, Inc. compare | 9.68% |
| SNOW Snowflake Inc. compare | −22.8% |
| Software Application industry median | 0.00% |
| Technology sector median | 0.02% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement