SAP

SAP · Xetra · EUR

€183.92−1.51%−€2.82

Close · October 2, 2026

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.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	36,800	34,176	31,207	29,520	26,953	27,338	27,553	24,707	23,461	22,062
Cost of revenue	9,655	9,164	8,674	8,038	7,219	7,885	8,355	7,462	7,052	6,584
Gross profit	27,145	25,012	22,533	21,482	19,734	19,453	19,198	17,245	16,409	15,478
Selling, general and administrative	10,050	10,265	10,192	9,235	8,043	8,462	9,322	7,879	7,999	7,270
Research and development	6,628	6,509	6,324	6,080	5,270	4,454	4,292	3,624	3,352	3,044
Operating income	10,418	8,153	6,013	6,051	6,388	6,427	5,602	5,722	5,059	5,161
EBIT	10,418	8,153	6,013	6,051	6,388	6,427	5,602	5,722	5,059	5,161
EBITDA	11,234	8,925	7,386	7,620	7,925	8,258	7,474	7,084	6,331	6,429
Interest expense	493	545	640	272	206	255	362	312	205	222
Pre-tax income	10,270	4,764	5,342	4,513	8,506	7,221	4,597	5,600	5,029	4,871
Income tax	2,944	1,614	1,741	1,446	1,682	1,938	1,226	1,511	983	1,242
Net income	7,161	3,124	6,139	2,284	5,256	5,145	3,321	4,083	4,008	3,642
Net income to common shareholders	7,161	3,124	3,776	3,643	6,703	5,145	3,321	4,083	4,008	3,642
Basic EPS	6.14	2.68	3.24	3.11	5.68	4.35	2.78	3.42	3.35	3.04
Diluted EPS	6.10	2.65	3.20	3.10	5.68	4.35	2.78	3.42	3.35	3.04
Average shares (basic)	1,166	1,166	1,167	1,170	1,180	1,182	1,194	1,194	1,197	1,198
Average shares (diluted)	1,175	1,180	1,180	1,175	1,180	1,182	1,194	1,194	1,198	1,199
Dividend per share	2.50	2.35	2.20	2.05	1.95	1.85	1.58	1.50	1.40	1.25