SAP
€183.92Change from previous close: −1.51%Absolute change: −€2.82
At a glance
- Revenue growth
- +7.68%
- 2025 vs 2024
- Net income growth
- +129.23%
- 2025 vs 2024
- Net margin
- 19.5%
- 2024: 9.1%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 9,156 | 5,207 | 6,246 | 5,647 | 6,223 | 7,194 | 3,496 | 4,303 | 5,045 | 4,628 |
| Depreciation and amortization | 1,091 | 1,052 | 1,373 | 1,569 | 1,537 | 1,831 | 1,872 | 1,362 | 1,272 | 1,268 |
| Capital expenditure | -739 | -797 | -785 | -877 | -701 | -816 | -817 | -1,458 | -1,275 | -1,001 |
| Investing cash flow | -965 | -93.0 | 1,389 | 667 | -3,063 | -2,986 | -7,021 | -3,066 | -1,112 | -1,799 |
| Financing cash flow | -8,745 | -3,961 | -8,131 | -6,337 | -56.0 | -3,997 | 102 | 3,283 | -3,406 | -2,705 |
| Dividends paid | -2,743 | -2,565 | -2,395 | -2,280 | -2,182 | -1,864 | -1,790 | -1,671 | -1,499 | -1,378 |
| Share repurchases | -1,937 | -2,106 | -949 | -1,500 | — | -1,492 | — | — | -500 | — |
| Debt issued | 2.0 | 2,767 | 13.0 | 158 | 1,680 | 2,132 | 3,622 | 6,368 | 27.0 | 443 |
| Debt repaid | -3,490 | -1,495 | -4,413 | -1,855 | -2,327 | -2,808 | -1,712 | -1,407 | -1,391 | -1,800 |
| Effect of exchange rates | -836 | 333 | -388 | 134 | 484 | -214 | 110 | 97.0 | -218 | 167 |
| Net change in cash | -1,389 | 1,485 | -884 | 110 | 3,587 | -4.0 | -3,313 | 4,617 | 309 | 291 |
| Free cash flow | 8,417 | 4,410 | 5,461 | 4,770 | 5,522 | — | — | — | — | — |
| Levered free cash flow | 8,479 | 8,546 | 5,785 | 6,572 | 6,717 | 6,890 | 5,958 | 4,331 | 5,407 | 3,719 |