SAP SE (SAP) Earnings History
Annual and quarterly earnings data from 1996 to 2025
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SAP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SAP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 73.8% | 26.7% | 19.1% |
| 2024 | 73.0% | 13.6% | 9.1% |
| 2023 | 72.2% | 18.6% | 19.7% |
| 2022 | 72.8% | 20.0% | 7.7% |
| 2021 | 73.2% | 23.4% | 19.5% |
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SAP SE (SAP) Earnings Overview
As of May 8, 2026, SAP SE (SAP) reported trailing twelve-month net income of $7.04B, reflecting +126.0% year-over-year growth. The company earned $6.00 per diluted share over the past four quarters, with a net profit margin of 19.1%.
Looking at the long-term picture, SAP's 5-year EPS compound annual growth rate (CAGR) stands at +6.6%, showing solid earnings momentum. The company achieved its highest annual net income of $7.04B in fiscal 2025, representing a new all-time high.
SAP SE maintains industry-leading profitability with a gross margin of 73.8%, operating margin of 26.7%, and net margin of 19.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ORCL ($16.21B net income, 21.7% margin), MSFT ($125.22B net income, 36.1% margin), NOW ($1.76B net income, 13.2% margin), SAP has room to improve margins relative to the peer group. Compare SAP vs ORCL →
SAP Earnings vs Peers
Earnings metrics vs comparable public companies
SAP Historical Earnings Data (1996–2025)
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.04B | +125.3% | $9.83B | $5.99 | 19.1% | 26.7% |
| 2024 | $3.12B | -49.1% | $4.67B | $2.65 | 9.1% | 13.6% |
| 2023 | $6.14B | +168.8% | $5.80B | $5.20 | 19.7% | 18.6% |
| 2022 | $2.28B | -56.5% | $5.91B | $1.95 | 7.7% | 20.0% |
| 2021 | $5.26B | +2.2% | $6.31B | $4.56 | 19.5% | 23.4% |
| 2020 | $5.14B | +54.9% | $6.62B | $4.35 | 18.8% | 24.2% |
| 2019 | $3.32B | -18.7% | $4.47B | $2.80 | 12.1% | 16.2% |
| 2018 | $4.08B | +1.9% | $5.70B | $3.42 | 16.5% | 23.1% |
| 2017 | $4.01B | +10.0% | $4.88B | $3.35 | 17.1% | 20.8% |
| 2016 | $3.64B | +18.9% | $5.13B | $3.03 | 16.5% | 23.3% |
Full SAP Stock Analysis
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Start ComparisonSAP — Frequently Asked Questions
Quick answers to the most common questions about buying SAP stock.
Is SAP growing earnings?
SAP EPS is $6.00, with earnings growth accelerating to +126.0%. This exceeds the 5-year CAGR of +6.6%. TTM net income reached $7.0B.
What are SAP's profit margins?
SAP SE net margin is +19.1%, with operating margin at +26.7%. Above-average margins indicate pricing power.
How consistent are SAP's earnings?
SAP earnings data spans 1996-2025. The accelerating earnings trend is +126.0% YoY. Historical data enables comparison across business cycles.