SAP SE (SAP) Income Statement

NYSE: SAPRevenue, profits, margins and EPS over 10 years.

SAP 2025 at a glance

Fiscal year ended December 31, 2025 · euros
Revenue+7.7%
€36.80B
2025 · hover or tap a bar for each year
2016: €22.06B (+6.1%)2017: €23.46B (+6.3%)2018: €24.71B (+5.3%)2019: €27.55B (+11.5%)2020: €27.34B (−0.8%)2021: €26.95B (−1.4%)2022: €29.52B (+9.5%)2023: €31.21B (+5.7%)2024: €34.18B (+9.5%)2025: €36.80B (+7.7%)
20162025
Gross profit+7.5%
€26.81B
2025 · hover or tap a bar for each year
2016: €15.48B (+6.4%)2017: €16.41B (+6.0%)2018: €17.25B (+5.1%)2019: €19.20B (+11.3%)2020: €19.45B (+1.3%)2021: €19.73B (+1.4%)2022: €21.48B (+8.9%)2023: €22.53B (+4.9%)2024: €24.93B (+10.6%)2025: €26.81B (+7.5%)
20162025
Operating income+106.2%
€9.62B
2025 · hover or tap a bar for each year
2016: €5.13B (+20.8%)2017: €4.88B (−5.0%)2018: €5.70B (+16.9%)2019: €4.47B (−21.6%)2020: €6.62B (+48.1%)2021: €6.31B (−4.8%)2022: €5.91B (−6.2%)2023: €5.80B (−1.9%)2024: €4.67B (−19.6%)2025: €9.62B (+106.2%)
20162025
Net income+129.2%
€7.16B
2025 · hover or tap a bar for each year
2016: €3.64B (+18.9%)2017: €4.01B (+10.0%)2018: €4.08B (+1.9%)2019: €3.32B (−18.7%)2020: €5.14B (+54.9%)2021: €5.26B (+2.2%)2022: €2.28B (−56.5%)2023: €6.14B (+168.8%)2024: €3.12B (−49.1%)2025: €7.16B (+129.2%)
20162025
Net profit margin+10.3 pts
19.5%
2025 · hover or tap a point for each year
2016: 16.5% (+1.8 pts)2017: 17.1% (+0.6 pts)2018: 16.5% (−0.6 pts)2019: 12.1% (−4.5 pts)2020: 18.8% (+6.8 pts)2021: 19.5% (+0.7 pts)2022: 7.7% (−11.8 pts)2023: 19.7% (+11.9 pts)2024: 9.1% (−10.5 pts)2025: 19.5% (+10.3 pts)
20162025

SAP revenue and net income

RevenueNet incomeNet margin (right axis)

Where SAP's revenue goes

2025
Revenue
€36.80B100.0%
Cost of revenue
−€9.99B−27.1%
Gross profit
€26.81B72.9%
Research & development
−€6.63B−18.0%
Sales, general & admin
−€10.51B−28.6%
Operating income
€9.62B26.1%
Interest & other income
€650.0M1.8%
Income taxes
−€2.94B−8.0%
Net income
€7.16B19.5%

Each bar shows an amount and its share of revenue. SAP kept 19.5% of revenue as net income.

SAP profit margins

GrossOperatingNet

SAP growth rates

to 2025
1 year3 years5 years10 years
Revenue+7.7%+7.6%+6.1%+5.9%
Gross profit+7.5%+7.7%+6.6%+6.3%
Operating income+106.2%+17.6%+7.8%+8.5%
Net income+129.2%+46.4%+6.8%+8.9%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

SAP income statement in euros

2025202420232022202120202019201820172016
Revenue€36.80B€34.18B€31.21B€29.52B€26.95B€27.34B€27.55B€24.71B€23.46B€22.06B
Cost of revenue€9.99B€9.24B€8.67B€8.04B€7.22B€7.89B€8.36B€7.46B€7.05B€6.58B
Gross profit€26.81B€24.93B€22.53B€21.48B€19.73B€19.45B€19.20B€17.25B€16.41B€15.48B
Research & development€6.63B€6.51B€6.32B€6.08B€5.27B€4.45B€4.29B€3.62B€3.35B€3.04B
Sales, general & admin€10.51B€10.53B€10.19B€9.23B€8.04B€8.46B€9.32B€7.88B€8.00B€7.27B
Total operating expenses€17.19B€20.27B€16.73B€15.57B€13.43B€12.83B€14.72B€11.54B€11.53B€10.35B
Operating income€9.62B€4.67B€5.80B€5.91B€6.31B€6.62B€4.47B€5.70B€4.88B€5.13B
Interest income€534.0M€439.0M€710.0M€820.0M€2.25B€840.0M€234.0M€90.0M€281.0M€154.0M
Interest expense€1.38B€1.03B€788.0M€398.0M€291.0M€355.0M€589.0M€418.0M€288.0M€259.0M
Income before taxes€10.27B€4.76B€5.34B€4.51B€8.51B€7.22B€4.60B€5.60B€5.03B€4.87B
Income taxes€2.94B€1.61B€1.74B€1.45B€1.68B€1.94B€1.23B€1.51B€983.0M€1.24B
Net income€7.16B€3.12B€6.14B€2.28B€5.26B€5.14B€3.32B€4.08B€4.01B€3.64B
EBITDA€12.07B€6.47B€7.16B€6.32B€10.33B€9.41B€6.91B€7.38B€6.59B€6.40B
Gross margin72.9%73.0%72.2%72.8%73.2%71.2%69.7%69.8%69.9%70.2%
Operating margin26.1%13.6%18.6%20.0%23.4%24.2%16.2%23.1%20.8%23.3%
Net margin19.5%9.1%19.7%7.7%19.5%18.8%12.1%16.5%17.1%16.5%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported in SAP's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.

SAP financial results

In fiscal year 2025 (ended December 31, 2025), SAP reported revenue of €36.8 billion, up 7.7% from the year before. It had net income of €7.2 billion (up 129.2%), a net profit margin of 19.5%. Over five years revenue grew at an average rate of 6.1% a year. Figures are in euros, the currency of its financial statements.

See the SAP stock overview for the latest quote and news, or the SAP chart for price history and technical indicators.

SAP income statement FAQ

What is SAP's annual revenue?

SAP reported total revenue of €36.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.7% from €34.2 billion the previous year.

Is SAP profitable?

Yes. SAP reported net income of €7.2 billion in fiscal 2025, a net profit margin of 19.5%; its operating margin was 26.1%.

What is SAP's gross margin?

SAP's gross margin was 72.9% in fiscal 2025: for every $100 of revenue, SAP kept $73 after the direct cost of its products and services.

How much does SAP spend on research and development?

SAP spent €6.6 billion on research and development in fiscal 2025, 18.0% of revenue.

How fast is SAP growing?

Revenue grew 6.1% a year on average over the last five fiscal years, from €27.3 billion to €36.8 billion.

When will SAP report its next earnings?

SAP is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.

When does SAP's fiscal year end?

SAP's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.

Software - Application income statements