SAP SE: stock overview

SAPNYSETechnology · Services-Prepackaged Software

Price

$234.90

November 13, 2026Market cap $274B

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  • The full history: 11 fiscal years, from 2015
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

SAP had revenue of $43.2B in the fiscal year to December 31, 2025 and net income of $8.4B, a net margin of 19.5%. Revenue grew by 6.1% a year on average over the last 5 years. At $234.90 the shares trade at a P/E of 32.6, against a median of 33.9 over the last 5 fiscal years. It holds more cash than debt, by $2.3B. It pays a dividend yielding 1.17%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$274B
1.17B shares
P/E
32.6
Today32.6
Median33.9
Revenue, fiscal year
$43.2B
+6.1% a year over 5 years
Net margin
19.5%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+8.6% a year over 2 years

  • 202520-F
    Revenue$43.2B
  • 202420-F
    Revenue$35.4B
  • 202320-F
    Revenue$34.5B

Fiscal years in figures

SAP's revenue, profit, cash flow and dividend with each year-end price, from 2015 to 2022, 8 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $283B
$274B
Enterprise value 
$272B
P/E 3-year median: 33.9
32.6
EV / EBIT 
24.1
EV / Revenue 
6.3
P/B 3-year median: 5.4
5.2
FCF yield 3-year median: 3.3%
3.6%
Earnings yield 3-year median: 2.9%
3.1%

Profitability

Gross margin 
72.9%
Operating margin 
26.1%
Net margin 3-year median: 19.5%
19.5%
ROIC 
15.3%
ROIC, 5-year average 
10.1%
ROE, fiscal year 
15.9%

Growth

Revenue, yearly change 
+7.7%
EPS, yearly change 
+130.2%
FCF, yearly change 
+90.9%
Revenue, average a year 
+6.1%
EPS, average a year 
+7.0%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$9.6B
Total debt 
$7.3B
Net cash 
$2.3B
Net debt / EBITDA 
-0.2x
Interest cover 
–
Current ratio 
–

Balance sheet of December 31, 2025.

Returns to shareholders

Dividend yield 3-year median: 1.1%
1.17%
Buybacks 
0.82%
Total returned 
1.99%
Shares, yearly change 
0.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
SAP SE
CIK
1000184
Exchange
NYSE
Industry (SIC)
7372 · Services-Prepackaged Software
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
EUR
Shares
1.17B

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The full analysis

What do SAP's filings show?

These are SAP's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about SAP

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What is SAP's market cap?

SAP SE's market cap is $274B, at a price of $234.90 on November 13, 2026 and 1.17B shares.

What is SAP's P/E?

SAP's P/E is 32.6, on earnings per share of $7.16 in the fiscal year to December 31, 2025. The median over the last 5 fiscal years was 33.9.

How much revenue does SAP have?

SAP had revenue of $43.2B in the fiscal year to December 31, 2025. Over the last 5 years it changed by +6.1% a year on average.

Does SAP pay a dividend?

Yes. SAP paid $2.76 per share over the last 12 months, a yield of 1.17% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From SAP SE's SEC filings (its annual report on 20-F) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.