# SAP SE (SAP) > SAP · NYSE · Technology, software · Germany · IFRS · Fiscal year ends December > > Latest report: FY2025, the fiscal year ended 31 December 2025, released 26 February 2026. Snapshot FY2025_40659a58. Page: https://annalist.io/company/sap/ Identifiers: LEI 529900D6BF99LW9R2E68, CIK 0001000184 ## Latest Figures | Figure | Value | Exact value | Unit | Change | Period | Period end | Source documents | | --- | --- | --- | --- | --- | --- | --- | --- | | Revenue, fiscal year | €36.8bn | 36800000000 | EUR | +7.7% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Operating profit, fiscal year | €9.6bn | 9617000000 | EUR | +106% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Net income, fiscal year | €7.2bn | 7161000000 | EUR | +129% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Diluted EPS, fiscal year | €6.10 | 6.1 | EUR/shares | +130% year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Operating margin, fiscal year | 26.1% | 26.1332 | % | +12.5pp year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | | Return on equity, fiscal year | 15.9% | 15.9091 | % | +8.9pp year on year | FY2025 | 2025-12-31 | 20-F 2025-12 | - Operating margin: Operating income / revenue. - Return on equity: Net income attributable to the company / average shareholders' equity attributable to the company. ## Key Findings Each finding is a sentence written by a fixed rule from the figures; the mark in brackets is how the finding moved against the report before. - Revenue for the fiscal year ended 31 December 2025 was €36.8 billion, 7.7% higher than in the previous fiscal year. [Weakened in FY2025] Sources: 20-F 2025-12. - Net income attributable to the company for fiscal 2025 was €7.2 billion, 129.2% higher than in the previous fiscal year. [New in FY2025] Sources: 20-F 2025-12. - The operating margin for fiscal 2025 was 26.1%, 12.5 percentage points higher than a year earlier. [New in FY2025] Sources: 20-F 2025-12. - Return on equity for fiscal 2025 was 15.9%, against 7.1% a year earlier. [New in FY2025] Sources: 20-F 2025-12, 20-F 2024-12. - Cash and short-term investments exceeded total debt by €386 million at 31 December 2025. [New in FY2025] Sources: 20-F 2025-12. - Lease-adjusted debt was 0.6 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 125.7% of that debt. Both ratios are within the minimal band of the S&P standard volatility table. [Confirmed in FY2025] Sources: 20-F 2025-12. - Operating cash flow for fiscal 2025 exceeded net income attributable to the company by an amount equal to 2.8% of average total assets. [Confirmed in FY2025] Sources: 20-F 2025-12. - The Altman Z'' score for fiscal 2025 was 5.25, above the safe threshold of 2.60. [Strengthened in FY2025] Sources: 20-F 2025-12. - The Beneish M-score for fiscal 2021 was minus 2.53, below the model threshold of minus 1.78. [New in FY2021] Sources: 20-F 2021-12, 20-F 2022-12, 20-F 2023-12. - The Piotroski F-score for fiscal 2025 was 7 of 9. The 2 signals not met were margin higher than a year earlier and asset turnover higher than a year earlier. [Confirmed in FY2025] Sources: 20-F 2024-12, 20-F 2025-12. ## Fiscal Years | Fiscal year | Year end | Item | Value | Exact value | Unit | Source documents | | --- | --- | --- | --- | --- | --- | --- | | FY2025 | 2025-12-31 | Revenue | €36.8bn | 36800000000 | EUR | 20-F 2025-12 | | FY2025 | 2025-12-31 | Operating profit | €9.6bn | 9617000000 | EUR | 20-F 2025-12 | | FY2025 | 2025-12-31 | Profit attributable to owners of the parent | €7.2bn | 7161000000 | EUR | 20-F 2025-12 | | FY2024 | 2024-12-31 | Revenue | €34.2bn | 34176000000 | EUR | 20-F 2025-12 | | FY2024 | 2024-12-31 | Operating profit | €4.7bn | 4665000000 | EUR | 20-F 2025-12 | | FY2024 | 2024-12-31 | Profit attributable to owners of the parent | €3.1bn | 3124000000 | EUR | 20-F 2025-12 | | FY2023 | 2023-12-31 | Revenue | €31.2bn | 31207000000 | EUR | 20-F 2025-12 | | FY2023 | 2023-12-31 | Operating profit | €5.8bn | 5799000000 | EUR | 20-F 2025-12 | | FY2023 | 2023-12-31 | Profit attributable to owners of the parent | €6.1bn | 6139000000 | EUR | 20-F 2025-12 | | FY2022 | 2022-12-31 | Revenue | €29.5bn | 29520000000 | EUR | 20-F 2024-12 | | FY2022 | 2022-12-31 | Operating profit | €5.9bn | 5914000000 | EUR | 20-F 2024-12 | | FY2022 | 2022-12-31 | Profit attributable to owners of the parent | €2.3bn | 2284000000 | EUR | 20-F 2024-12 | | FY2021 | 2021-12-31 | Revenue | €27.0bn | 26953000000 | EUR | 20-F 2023-12 | | FY2021 | 2021-12-31 | Operating profit | €6.3bn | 6308000000 | EUR | 20-F 2023-12 | | FY2021 | 2021-12-31 | Profit attributable to owners of the parent | €5.3bn | 5256000000 | EUR | 20-F 2023-12 | ## Source Documents - 20-F 2025-12: 20-F for the year to 31 December 2025, 26 Feb 2026 (https://www.sec.gov/Archives/edgar/data/1000184/000110465926020058/sap-20251231x20f.htm) - 20-F 2024-12: 20-F for the year to 31 December 2024, 27 Feb 2025 (https://www.sec.gov/Archives/edgar/data/1000184/000110465925017815/sap-20241224x20f.htm) - 20-F 2021-12: 20-F for the year to 31 December 2021, 3 Mar 2022 (https://www.sec.gov/Archives/edgar/data/1000184/000110465922029675/sap-20211231x20f.htm) - 20-F 2022-12: 20-F for the year to 31 December 2022, 2 Mar 2023 (https://www.sec.gov/Archives/edgar/data/1000184/000110465923027626/sap-20221231x20f.htm) - 20-F 2023-12: 20-F for the year to 31 December 2023, 29 Feb 2024 (https://www.sec.gov/Archives/edgar/data/1000184/000110465924029038/sap-20231231x20f.htm) ## Reliability - 196 checks compare these figures with other official figures; 0 failed. - 0 values are withheld because the filings do not prove them; a withheld value is absent, never estimated. - Every earlier snapshot stays published: https://annalist.io/api/v1/companies/sap/snapshots.json ## Cite Annalist, SAP SE, snapshot sap/FY2025_40659a58; , ; source . 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