SAP SE (SAP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
SAP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SAP Revenue Analysis (2014–2025)
As of March 2, 2026, SAP SE (SAP) generated trailing twelve-month (TTM) revenue of $36.71 billion, reflecting modest growth of +2.3% year-over-year. The most recent quarter (Q4 2025) recorded $9.59 billion in revenue, up 5.7% sequentially.
Looking at the longer-term picture, SAP's 5-year compound annual growth rate (CAGR) stands at +5.3%, indicating steady revenue expansion. The company achieved its highest annual revenue of $35.35 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SAP's business is primarily driven by Cloud (80%), and Services (20%). With over half of revenue concentrated in Cloud, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including UBER (+18.3% YoY), YMM (+25.1% YoY), and QXO (+11938.9% YoY), SAP has underperformed the peer group in terms of revenue growth. Compare SAP vs UBER →
Peer Comparison
Compare SAP's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SAPCurrent | $36.7B | +2.3% | +5.3% | 28.0% | |
| UBER | $52.0B | +18.3% | +36.1% | 10.7% | |
| YMM | $11.2B | +25.1% | +35.4% | 22.0% | |
| QXO | $6.8B | +11938.9% | +178.0% | -3.6% | |
| TYL | $2.1B | +9.1% | +14.5% | 14.0% | |
| PCOR | $1.3B | +14.8% | +27.0% | -8.9% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $35.35B | +3.4% | $25.97B | 73.5% | $9.89B | 28.0% |
| 2024 | $34.18B | +9.5% | $24.93B | 73.0% | $4.67B | 13.6% |
| 2023 | $31.21B | +5.7% | $22.53B | 72.2% | $5.80B | 18.6% |
| 2022 | $29.52B | +9.5% | $21.48B | 72.8% | $5.91B | 20.0% |
| 2021 | $26.95B | -1.4% | $19.73B | 73.2% | $6.31B | 23.4% |
| 2020 | $27.34B | -0.8% | $19.45B | 71.2% | $6.62B | 24.2% |
| 2019 | $27.55B | +11.5% | $19.20B | 69.7% | $4.47B | 16.2% |
| 2018 | $24.71B | +5.3% | $17.25B | 69.8% | $5.70B | 23.1% |
| 2017 | $23.46B | +6.3% | $16.41B | 69.9% | $4.88B | 20.8% |
| 2016 | $22.06B | +6.1% | $15.48B | 70.2% | $5.13B | 23.3% |
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Start ComparisonFrequently Asked Questions
Is SAP's revenue growth accelerating or slowing?
SAP revenue growth slowed to +2.3%, below the 5-year CAGR of +5.3%. TTM revenue is $36.7B. The deceleration marks a shift from historical growth rates.
What is SAP's long-term revenue growth rate?
SAP SE's 5-year revenue CAGR of +5.3% reflects the variable expansion pattern. Current YoY growth of +2.3% is near this long-term average.
How is SAP's revenue distributed by segment?
SAP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.