SAP
$207.60Change from previous close: −1.51%Absolute change: −$3.19
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,153 | 3,513 | 1,297 | 1,502 | 2,577 | 3,780 | -584 | 1,403 | 1,510 | 2,878 | 1,968 | 1,124 |
| Depreciation and amortization | 316 | 305 | 105 | 318 | 319 | 349 | 109 | 317 | 313 | 313 | 108 | 328 |
| Capital expenditure | -116 | -238 | -180 | -201 | -190 | -168 | -269 | -163 | -178 | -187 | -190 | -182 |
| Investing cash flow | -1,741 | 821 | -218 | -74.0 | -716 | 43.0 | 104 | 463 | 326 | -986 | -2,001 | -3,457 |
| Financing cash flow | -512 | -3,033 | -1,303 | -700 | -5,019 | -1,723 | -343 | 468 | -3,299 | -787 | -961 | -2,514 |
| Dividends paid | -2,883 | 0.0 | 0.0 | 0.0 | -2,743 | — | — | — | -2,565 | — | — | — |
| Share repurchases | -321 | -2,279 | 0.0 | -304 | -1,508 | -125 | -481 | -650 | -543 | -432 | -231 | -718 |
| Debt issued | 4,486 | — | 0.0 | 0.0 | 2.0 | 0.0 | 1,516 | 1,250 | — | 1.0 | 13.0 | — |
| Debt repaid | -1,658 | -559 | -1,180 | -322 | -671 | -1,317 | -1,268 | -65.0 | -71.0 | -91.0 | -705 | -1,796 |
| Effect of exchange rates | -37.0 | 127 | -110 | -116 | -245 | -365 | 427 | -198 | 39.0 | 65.0 | -260 | 84.0 |
| Net change in cash | 863 | 1,428 | -334 | 612 | -3,404 | 1,736 | -396 | 2,135 | -1,425 | 1,171 | -1,254 | -4,764 |
| Free cash flow | 3,037 | 3,275 | 1,117 | 1,301 | 2,387 | 3,612 | -853 | 1,240 | 1,332 | 2,691 | 1,778 | 942 |
| Levered free cash flow | 3,487 | 2,993 | 1,459 | 583 | 2,541 | 3,328 | 500 | 897 | 1,968 | 5,074 | 2,516 | -165 |