SAP SE income statement
In fiscal 2025, SAP SE reported revenue of $41.61bn, up 12.5% on the year before, operating income of $10.87bn (a 26.1% margin) and net income of $8.10bn, or $6.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.1 | 24.4 | 26.5 | 29.2 | 30.8 | 31.2 | 31.9 | 31.1 | 33.8 | 37.0 | 41.6 |
| Cost of revenue | 6.9 | 7.3 | 8.0 | 8.8 | 9.4 | 9.0 | 8.5 | 8.5 | 9.4 | 10.0 | 11.3 |
| Gross profit | 16.1 | 17.1 | 18.5 | 20.4 | 21.5 | 22.2 | 23.3 | 22.6 | 24.4 | 27.0 | 30.3 |
| Research and development | 3.2 | 3.4 | 3.8 | 4.3 | 4.8 | 5.1 | 6.2 | 6.4 | 6.8 | 7.0 | 7.5 |
| General and administrative | 1.2 | 1.1 | 1.2 | 1.3 | 1.8 | 1.5 | 1.4 | 1.4 | 1.5 | 1.6 | 1.8 |
| Operating income | 4.7 | 5.7 | 5.5 | 6.7 | 5.0 | 7.6 | 7.5 | 6.2 | 6.3 | 5.0 | 10.9 |
| Interest expense | — | — | — | — | 0.1 | — | — | — | 0.7 | 0.6 | 0.6 |
| Income before tax | 4.4 | 5.4 | 5.7 | 6.6 | 5.1 | 8.2 | 10.1 | 4.8 | 5.8 | 5.2 | 11.6 |
| Income tax | 1.0 | 1.4 | 1.1 | 1.8 | 1.4 | 2.2 | 2.0 | 1.5 | 1.9 | 1.7 | 3.3 |
| Net income | 3.4 | 4.0 | 4.5 | 4.8 | 3.7 | 5.9 | 6.2 | 2.4 | 6.6 | 3.4 | 8.1 |
| Diluted EPS | $2.84 | $3.37 | $3.79 | $4.04 | $3.11 | $4.96 | $5.28 | $2.04 | $5.62 | $2.87 | $6.90 |
| Diluted shares (average) | 1,198m | 1,199m | 1,198m | 1,194m | 1,194m | 1,182m | 1,180m | 1,175m | 1,180m | 1,180m | 1,175m |
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