SAP SE doing business as SAP, is a German multinational software company based in Walldorf, Baden-Württemberg, that is the world's largest vendor of enterprise software.
SAP GbR became, in 1981, fully Systeme, Anwendungen und Produkte in der Datenverarbeitung, abbreviated SAP GmbH after a five-year transition period beginning in 1976. In the late 1980s, it further restructured itself as SAP AG. Since 7 July 2014, its corporate structure is that of a pan-European societas Europaea; as such, its former German corporate identity is now a subsidiary, SAP Deutschland SE & Co. KG. It has regional offices in 180 countries and 109,973 employees.
SAP is a component of the DAX and Euro Stoxx 50 stock market indices. The company is the largest non-American software company by revenue and the world's fifth-largest publicly traded software company by revenue. In June 2025, it was the largest European company by market capitalization, as well as one of the 30 most valuable publicly traded companies in the world.Wikipedia
About SAP SE
CEOChristian Klein
Employees111K
FoundedApr 1, 1972
HeadquartersWalldorf, Baden-Württemberg, Germany
SectorApplication software
Website-
Analyst ratings
Based on 6 analysts giving stock ratings to SAP in the past 3 months
Strong buy
Buy
5
Hold
1
Sell
0
12-month forecast
Based on 6 Wall Street analysts offering 12 month price targets for SAP in the last 3 months.
Highest
Current $160.00
$255.00 (+59.38%)
Average
$212.33 (+32.71%)
Lowest
$177.00 (+10.62%)
Analyst
Recommendation
Action
Price target
Projected
Date
Unknown Analyst
Oppenheimer
Hold
Maintained
-
-
07/24/2026
Derrick Wood
TD Cowen
Buy
Maintained
$205.00
+28.1%
07/24/2026
Keith Bachman
BMO Capital
Buy
Maintained
$177.00
+10.6%
07/24/2026
Raimo Lenschow
Barclays
Buy
Maintained
$255.00
+59.4%
07/21/2026
Andrew Sherman
TD Cowen
Buy
Maintained
$210.00
+31.2%
07/16/2026
Frederic Boulan
Bank of America Securities
Buy
Maintained
-
-
07/15/2026
Richard Nguyen
Bernstein
Buy
Reiterated
-
-
07/13/2026
Unknown Analyst
Piper Sandler
Hold
Downgraded
-
-
04/14/2026
Mark Moerdler
Bernstein
Buy
Reiterated
$322.00
+101.2%
03/18/2026
Unknown Analyst
Goldman Sachs
Buy
Maintained
$311.00
+94.4%
02/04/2026
Patrick Walravens
Citizens JMP
Hold
Downgraded
-
-
01/30/2026
Adam Wood
Morgan Stanley
Buy
Initiated
$284.00
+77.5%
01/30/2026
Last report
Jul 23, 2026
Fiscal period
Q2 2026
EPS / Est. (EUR)
€1.59 / -
0.00%miss
Revenue / Est. (EUR)
9.88B / 9.88B
-0.01%miss
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Fiscal Q2 2026 earnings call
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At a glance
Insights from the latest news and reports
Previous reportsAll values in EUR
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Income statement
Revenue
Net income
Quarterly
Annual
All values in EUR
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue
9.08B
9.68B
9.56B
9.88B
Cost of goods sold
2.38B
2.51B
2.54B
2.69B
Cost of revenue
2.38B
2.51B
2.54B
2.69B
Research and development expenses
1.64B
1.70B
1.70B
1.85B
Total research and development expenses
-
-
-
-
Selling, general, and admin expenses
2.48B
2.63B
2.42B
2.79B
Operating expense
4.13B
4.35B
4.15B
4.65B
Total operating expenses
6.51B
6.86B
6.69B
7.34B
Operating income
2.57B
2.83B
2.87B
2.53B
Other non operating income
45.00M
-239.00M
23.00M
963.00M
EBT including unusual items
2.74B
2.56B
2.75B
3.01B
EBT excluding unusual items
2.82B
2.28B
2.83B
2.94B
Income tax expense
694.00M
825.00M
800.00M
797.00M
Effective tax rate
25.28%
32.29%
29.13%
26.50%
Other operating expenses
8.00M
22.00M
22.00M
14.00M
Net income
2.00B
1.68B
1.93B
2.18B
Net profit margin
22.08%
17.35%
20.22%
22.07%
Earnings per share
-
1.62
-
-
Interest and investment income
524.00M
366.00M
90.00M
-
Interest expense
-312.00M
-817.00M
-148.00M
-557.00M
Net interest expenses
212.00M
-451.00M
-58.00M
-557.00M
Depreciation and amortization charges
-
-
-
-
EBITDA
2.88B
3.15B
3.17B
2.85B
Gain or loss from assets sale
-
-
-
-
Insider transactions
Insider transactions data is drawn from third-party sources. Learn more