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SAP SE (SAP)
NYSE: SAP · Real-Time Price · USD
233.45
-10.08 (-4.14%)
At close: Nov 6, 2026, 4:00 PM EST
233.50
+0.05 (0.02%)
After-hours: Nov 6, 2026, 7:50 PM EST

SAP SE Cash Flow Statement

Millions EUR. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
2,2482,1801,9321,6802,0041,6971,7801,6011,463888-8281,2221,2773,1614795416693347401,454
Depreciation & Amortization
33331630510531831934910931731331310832834936581406391383195
Other Amortization
---220---228---223---308---272
Loss (Gain) From Sale of Investments
504-504--764299-299--462123-123-145186-186-1,194-80791-2,413
Stock-Based Compensation
325308154190117344227352249-4354541924035435391274-392-22636
Other Operating Activities
-53497258670-131547148-244386-216-38753-110-2,356-136-168639-1241741,995
Change in Accounts Receivable
821,576-1,800-1,0675761,390-1,287-1,1905711,332-960-1,0712821,053-657-1,1334641,249-384-1,304
Change in Accounts Payable
688-305-9471,368167-770-1,073-143-130-3181,1941,103426-117-7791,193201-153-1,0871,164
Change in Unearned Revenue
-1,619-4123,402-156-1,629-3433,464-185-1,664-2722,990-109-1,557-7642,873120-1,550-8892,962-400
Change in Other Net Operating Assets
-107-103209-949-219-308172-65088-5111-16752-326-269-504-136-194-302-330
Operating Cash Flow
1,9203,1533,5131,2971,5022,5773,780-5841,4031,5102,8781,9681,1248672,3732,0458502702,4821,269
Operating Cash Flow Growth (YoY)
27.83%22.35%-7.06%-7.06%70.66%31.34%-24.82%74.16%21.28%-3.77%32.23%221.11%-4.39%61.15%-28.15%-60.64%-19.55%-39.57%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-167-116-238-180-201-190-168-269-163-178-187-190-182-156-257-192-277-196-212-254
Sale of Property, Plant & Equipment
3023321132403842252827272919243019212522
Cash Acquisitions
-838-989-2-2-695-2-3-10-1,085--19-1,168-----15-2-662-125
Divestitures
---------------289----25
Investment in Securities
-512-732940-151659-630561971,552334-951-555-2,606759-257478-3571,612137-1,010
Other Investing Activities
75738910413166120144134142144-115-6986,241-9-12-4-7-8-3
Investing Cash Flow
-1,412-1,741821-218-74-71643104463326-986-2,001-3,4576,863-499593-6341,428-720-1,395

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Long-Term Debt Issued
----------1---------
Total Debt Issued
1774,486---2-1,5161,250-113---120-38-80
Long-Term Debt Repaid
---559----1,317----91----1,218----1,037-
Lease Payments
-65-58-59-95-66-70-68-97-65-70-78-66-78-89-99-103-98-116-93-98
Total Debt Repaid
-243-1,658-559-1,180-322-671-1,317-1,268-65-71-91-705-1,796-694-1,218-532-170-116-1,037-101
Net Debt Issued (Repaid)
-662,828-559-1,180-322-669-1,3172481,185-71-90-692-1,796-694-1,218-412-170-78-1,037-21
Repurchase of Common Stock
-1,524-321-2,279--304-1,508-125-481-650-543-432-231-718----500-419-581-
Common Dividends Paid
--2,883----2,743----2,565----2,395----2,865--
Other Financing Activities
-92-136-195-123-74-99-281-110-67-120-265-38-435-34-30-37-174944
Financing Cash Flow
-1,682-512-3,033-1,303-700-5,019-1,723-343468-3,299-787-961-2,514-3,046-1,213-446-700-3,399-1,792923

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
28-37127-110-116-245-365427-1983965-26084-51-161-50032924758158
Miscellaneous Cash Flow Adjustments
-1---1-11--1-11--12-1---1--1
Net Cash Flow
-1,1478631,428-334613-3,4041,736-3962,135-1,4251,171-1,254-4,7644,6354991,692-155-1,45528954

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
1,7533,0373,2751,1171,3012,3873,612-8531,2401,3322,6911,7789427112,1161,853573742,2701,015
Free Cash Flow Growth (YoY)
34.74%27.23%-9.33%-4.92%79.20%34.23%-31.64%87.34%27.17%-4.05%64.40%860.81%-6.78%82.56%-41.59%-85.05%-22.58%-47.57%
Free Cash Flow Margin
17.07%30.75%34.27%11.53%14.34%26.44%40.08%-9.10%14.64%16.07%33.47%21.00%12.16%9.41%28.43%22.98%7.66%1.03%33.52%12.72%
Free Cash Flow Per Share
1.512.622.800.951.112.033.07-0.721.051.102.311.510.800.601.801.580.490.061.930.86
Levered Free Cash Flow
1,3423,4952,9932,150582.752,5413,3281,564896.881,9685,0742,516-164.58,151-4,470-2,0665,3613,725-241.252,599
Unlevered Free Cash Flow
1,5223,5463,0852,660777.752,5843,4571,7011,0482,0335,1722,5709.888,282-4,370-2,0515,4233,769-191.882,599
Free Cash Flow After Leases
1,6882,9793,2161,0221,2352,3173,544-9501,1751,2622,6131,7128646222,0171,750475-422,177917

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
8611119112372982811116111326588611031417531548460
Cash Income Tax Paid
687836540918369506405936284637420591443718409185276762419381
Change in Working Capital
-956756864-804-1,105-311,276-2,168-1,1356913,235-244-797-1541,168-324-1,021131,189-870
SEC Filings: 10-K · 10-Q