SAP SE (SAP)
NYSE: SAP · Real-Time Price · USD
179.17
+8.16 (4.77%)
At close: Jul 28, 2026, 4:00 PM EDT
178.96
-0.21 (-0.12%)
After-hours: Jul 28, 2026, 7:58 PM EDT
SAP SE Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 2,209 | 1,946 | 1,730 | 2,051 | 1,749 | 1,796 | 1,616 | 1,440 | - | -824 | - | 781 | 3,381 | 509 | 326 | 547 | 203 | 632 | 1,440 | 1,417 |
Depreciation & Amortization | 316 | 305 | 325 | 318 | 319 | 349 | 337 | 317 | 313 | 313 | 331 | 328 | 349 | 365 | - | 406 | 391 | 383 | - | 437 |
Stock-Based Compensation | 468 | 285 | 316 | 430 | 529 | 420 | 570 | 535 | 592 | 688 | 543 | 510 | 614 | 553 | - | 424 | 394 | 119 | - | 705 |
Other Adjustments | -589 | 135 | -1,043 | -200 | 17 | -49 | -1,116 | 258 | -1,004 | -556 | -828 | 312 | -2,638 | 189 | -41.5 | 496.5 | -616 | 162 | -168 | -683 |
Change in Receivables | 1,576 | -1,800 | - | 576 | 1,390 | -1,287 | - | 571 | 1,332 | -960 | - | 282 | 1,053 | -657 | - | 464 | 1,249 | -384 | - | 644 |
Changes in Accounts Payable | -305 | -947 | - | 167 | -770 | -1,073 | - | -130 | -318 | 1,194 | - | 426 | -117 | -779 | - | 201 | -153 | -1,087 | - | 335 |
Changes in Income Taxes Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | -409 | - | - | - | - | - | - |
Changes in Unearned Revenue | -412 | 3,402 | - | -1,629 | -343 | 3,464 | - | -1,664 | -272 | 2,990 | - | -1,557 | -764 | 2,873 | - | -1,550 | -889 | 2,962 | - | -1,388 |
Changes in Other Operating Activities | -111 | 186 | - | -211 | -315 | 161 | - | 73 | -50 | 33 | 16.5 | 61.5 | -303 | -217 | - | -141 | -280 | -303 | - | -141 |
Operating Cash Flow | 3,153 | 3,513 | 1,297 | 1,502 | 2,577 | 3,780 | -584 | 1,403 | 1,510 | 2,878 | 1,882 | 1,124 | 867 | 2,373 | 284.5 | 850 | 270 | 2,482 | 1,272 | 1,183 |
Operating Cash Flow Growth (YoY) | 22.35% | -7.06% | - | 7.06% | 70.66% | 31.34% | - | 24.82% | 74.16% | 21.28% | 561.51% | 32.23% | 221.11% | -4.39% | -77.63% | -28.15% | -60.64% | -19.55% | -39.43% | -10.51% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -116 | -238 | -180 | -201 | -190 | -168 | -269 | -163 | -178 | -187 | -190 | -182 | -156 | -257 | - | -277 | -196 | -212 | - | -202 |
Sale of Property, Plant & Equipment | 23 | 32 | 11 | 32 | 40 | 38 | 42 | 25 | 28 | 27 | 27 | 29 | 19 | 24 | - | 19 | 21 | 25 | - | 29 |
Purchases of Investments | -1,186 | -594 | -1,476 | -983 | -2,020 | -1,366 | 116 | 1,470 | -3,739 | -4,248 | -597 | -2,749 | 138 | -358 | 452 | -516 | -735 | -1,521 | -1,975 | -1,639 |
Proceeds from Sale of Investments | 454 | 1,534 | 1,325 | 1,642 | 1,390 | 1,422 | 81 | 82 | 4,073 | 3,297 | 42 | 143 | 621 | 101 | 26 | 159 | 2,347 | 1,658 | 965 | 939 |
Cash Acquisitions | -989 | -2 | -2 | -695 | -2 | -3 | -10 | -1,085 | 0 | -19 | -1,168 | 0 | 0 | 0 | - | -15 | -2 | -662 | - | -22 |
Other Investing Activities | 71 | 90 | 103 | 130 | 67 | 120 | 143 | 133 | 143 | 144 | -102 | -698 | 6,332 | 79 | -12 | -5 | -8 | -7 | - | 0 |
Investing Cash Flow | -1,741 | 821 | -218 | -74 | -716 | 43 | 104 | 463 | 326 | -986 | -2,001 | -3,457 | 6,863 | -499 | 466 | -634 | 1,428 | -720 | -1,010 | -940 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | - | 0 | 0 | - | - | 1,516 | 1,250 | 0 | 1 | 6.5 | 6.5 | 0 | 0 | - | 0 | - | - | 80 | 0 |
Long-Term Debt Repaid | -1,600 | -500 | -1,085 | -256 | -601 | -1,249 | -1,171 | 0 | -1 | -13 | -639 | -1,718 | -605 | -1,119 | -429 | -72 | 0 | -944 | -3 | -147 |
Net Long-Term Debt Issued (Repaid) | -1,600 | -500 | -1,085 | -256 | -601 | -1,249 | 345 | 1,250 | -1 | -12 | -632.5 | -1,712 | -605 | -1,119 | -429 | -72 | 0 | -944 | 77 | -147 |
Repurchase of Common Stock | -321 | -2,279 | 0 | -304 | -1,508 | -125 | -481 | -650 | -543 | -432 | -231 | -718 | 0 | 0 | 0 | -500 | -419 | -581 | 0 | 0 |
Net Common Stock Issued (Repurchased) | -321 | -2,279 | 0 | -304 | -1,508 | -125 | -481 | -650 | -543 | -432 | -231 | -718 | 0 | 0 | 0 | -500 | -419 | -581 | 0 | 0 |
Common Dividends Paid | -23 | -5 | 1 | -3 | 0 | 0 | -1 | 6 | - | - | 5 | 0 | -10 | -8 | 1 | -10 | -1 | -2 | -35 | -3 |
Other Financing Activities | -169 | -250 | -218 | -138 | -168 | -349 | -208 | -126 | -183 | -343 | -108 | -79 | -78 | -227 | -35 | -122 | -153 | -265 | - | -100 |
Financing Cash Flow | -512 | -3,033 | -1,303 | -700 | -5,019 | -1,723 | -343 | 468 | -3,299 | -787 | -961 | -2,514 | -3,046 | -1,213 | -463 | -700 | -3,399 | -1,792 | 42 | -250 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -37 | 127 | -110 | -116 | -245 | -365 | 427 | -198 | 39 | 65 | -260 | 84 | -51 | -161 | - | 329 | 247 | 58 | - | 187 |
Net Cash Flow | 863 | 1,428 | -335 | 613 | -3,403 | 1,735 | -396 | 2,135 | -1,424 | 1,170 | -1,340 | -4,764 | 4,634 | 500 | 1,691 | -155 | -1,454 | 28 | 304 | 180 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 3,037 | 3,275 | 1,117 | 1,301 | 2,387 | 3,612 | -853 | 1,240 | 1,332 | 2,691 | 1,692 | 942 | 711 | 2,116 | 284.5 | 573 | 74 | 2,270 | 1,272 | 981 |
Free Cash Flow Growth (YoY) | 27.23% | -9.33% | - | 4.92% | 79.20% | 34.23% | - | 31.64% | 87.34% | 27.17% | 494.73% | 64.40% | 860.81% | -6.78% | -77.63% | -41.59% | -85.05% | -22.58% | -34.30% | -15.94% |
FCF Margin | 30.75% | 34.28% | 11.53% | 14.33% | 26.44% | 40.08% | -9.10% | 14.64% | 16.07% | 33.47% | 19.98% | 12.16% | 9.41% | 28.44% | 3.53% | 7.66% | 1.03% | 33.52% | 15.94% | 14.33% |
Free Cash Flow Per Share | 2.62 | 2.80 | 0.95 | 1.11 | 2.03 | 3.07 | -0.73 | 1.05 | 1.13 | 2.31 | 1.44 | 0.80 | 0.60 | 1.80 | 0.24 | 0.49 | 0.06 | 1.93 | 1.08 | 0.83 |
Levered Free Cash Flow | -48 | 4,140 | 906 | 192 | -203 | 3,264 | 2,014 | 1,146 | 382 | 3,503 | 746 | -1,357 | 1,859 | 936 | 112 | -764 | -793 | 1,539 | 1,531 | 300 |
Unlevered Free Cash Flow | 1,314 | 4,650 | 1,895 | 302.23 | 417.84 | 4,431 | 1,544 | -83.79 | 303.79 | 3,682 | 1,421 | 321.05 | -91.46 | 2,054 | 1,146 | -245.82 | -429.45 | 2,838 | 1,077 | 53.63 |