SAP SE
NYSE:SAP · New York Stock Exchange
-$3.93 today
Vol 2.73M · Avg 3.49M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:SAP · Revenue to Net Income
Key Ratios
Analysis
$37.3B of revenue converted into $7.3B of net income for the selected period. Gross margin is 72.8% and net margin is 19.6%, showing how much revenue survives after costs and taxes. EPS is $6.37, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.8B +7.7% | $34.2B +9.5% | $31.2B +5.7% | $29.5B +9.5% | $27.0B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $10.0B +8.0% | $9.2B +6.6% | $8.7B +7.9% | $8.0B +11.3% | $7.2B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $26.8B +7.5% | $24.9B +10.6% | $22.5B +4.9% | $21.5B +8.9% | $19.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 72.9% -0.1pp | 73.0% +0.7pp | 72.2% -0.6pp | 72.8% -0.4pp | 73.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $6.6B +1.8% | $6.5B +3.0% | $6.3B +4.0% | $6.1B +15.4% | $5.3B | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $10.5B -0.1% | $10.5B +3.3% | $10.2B +10.4% | $9.2B +14.8% | $8.0B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $17.2B -15.2% | $20.3B +21.1% | $16.7B +7.5% | $15.6B +15.9% | $13.4B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.3B +2.4% | $1.3B -6.8% | $1.4B -12.5% | $1.6B +2.1% | $1.5B | $374.2M | $1.2B | $631.8M |
| EBITDA | $12.1B +70.6% | $7.1B -11.9% | $8.0B -3.1% | $8.3B -24.6% | $11.0B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 32.8% +12.1pp | 20.7% -5.0pp | 25.7% -2.3pp | 28.1% -12.7pp | 40.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $9.6B +106.2% | $4.7B -19.6% | $5.8B -1.9% | $5.9B -6.2% | $6.3B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 26.1% +12.5pp | 13.6% -4.9pp | 18.6% -1.5pp | 20.0% -3.4pp | 23.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $1.8B +28.5% | $1.4B +66.7% | $857.0M +5.7% | $811.0M -74.0% | $3.1B | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $1.3B +28.3% | $1.0B -21.5% | $1.3B -40.3% | $2.2B +132.8% | $945.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $650.0M +556.6% | $99.0M +121.6% | -$458.0M +67.3% | -$1.4B -163.8% | $2.2B | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $10.3B +115.6% | $4.8B -10.8% | $5.3B +18.3% | $4.5B -46.9% | $8.5B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 27.9% +14.0pp | 13.9% -3.2pp | 17.1% +1.8pp | 15.3% -16.3pp | 31.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.9B +82.4% | $1.6B -7.3% | $1.7B +20.4% | $1.4B -14.0% | $1.7B | $1.3B | -$1.6B | $745.2M |
| Net Income | $7.2B +129.2% | $3.1B -49.1% | $6.1B +168.8% | $2.3B -56.5% | $5.3B | $4.9B | $4.8B | $4.7B |
| Net Margin | 19.5% +10.3pp | 9.1% -10.5pp | 19.7% +11.9pp | 7.7% -11.8pp | 19.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $6 +125.4% | $3 -49.0% | $5 +168.4% | $2 -57.0% | $5 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $6 +126.0% | $3 -49.0% | $5 +166.7% | $2 -57.2% | $5 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.2B +0.0% | $1.2B -0.1% | $1.2B -0.3% | $1.2B -0.8% | $1.2B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.2B -0.4% | $1.2B +0.0% | $1.2B +0.4% | $1.2B -0.4% | $1.2B | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Shopify Inc.
NASDAQ:SHOP
$141.61B
Salesforce, Inc.
NYSE:CRM
$124.88B
Cadence Design Systems, Inc.
NASDAQ:CDNS
$108.27B
ServiceNow, Inc.
NYSE:NOW
$98.48B
Snowflake Inc.
NYSE:SNOW
$80.04B
Intuit Inc.
NASDAQ:INTU
$72.47B
Autodesk, Inc.
NASDAQ:ADSK
$40.59B
Roper Technologies, Inc.
NASDAQ:ROP
$33.42B
Workday, Inc.
NASDAQ:WDAY
$30.88B
Zoom Communications, Inc.
NASDAQ:ZM
$25.32B
Atlassian Corporation
NASDAQ:TEAM
$21.92B
PTC Inc.
NASDAQ:PTC
$13.26B
Tyler Technologies, Inc.
NYSE:TYL
$11.68B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SAP generate?
SAP SE (SAP) reported $36.80B of revenue in fiscal 2025.
Is SAP profitable?
SAP SE (SAP) reported $7.16B of net income, with a net margin of 19.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.