SAP SE (SAP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SAP Revenue Growth
Revenue Breakdown (FY 2025)
SAP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SAP Revenue Analysis (2014–2025)
As of May 6, 2026, SAP SE (SAP) generated trailing twelve-month (TTM) revenue of $36.80 billion, reflecting modest growth of +3.3% year-over-year. The most recent quarter (Q4 2025) recorded $9.68 billion in revenue, up 6.7% sequentially.
Looking at the longer-term picture, SAP's 5-year compound annual growth rate (CAGR) stands at +6.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $36.80 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SAP's business is primarily driven by Cloud (83%), and Services (17%). 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 ORCL (+14.9% YoY), MSFT (+17.9% YoY), and NOW (+21.7% YoY), SAP has underperformed the peer group in terms of revenue growth. Compare SAP vs ORCL →
SAP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SAPCurrent | $36.8B | +3.3% | +6.1% | 26.7% | |
 ORCL | $57.4B | +14.9% | +8.0% | 30.8% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% | |
 NOW | $13.3B | +21.7% | +24.1% | 13.7% | |
 INTU | $18.8B | +17.2% | +19.7% | 26.1% | |
 ADSK | $6.8B | +10.9% | +12.3% | 23.3% |
SAP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $36.80B | +7.7% | $27.14B | 73.8% | $9.83B | 26.7% |
| 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% |
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's revenue growth accelerating or slowing?
SAP revenue growth slowed to +3.3%, below the 5-year CAGR of +6.1%. TTM revenue is $36.8B. 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 +6.1% reflects the variable expansion pattern. Current YoY growth of +3.3% 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.