Sap Se (SAP) Net Margin (2009 - 2026)
Sap Se's (SAP) quarterly Net Margin came in at 20.22% in Q1 2026, up 47.0% year-on-year from 13.75% in Q1 2025, and up 235.67% quarter-over-quarter from 14.9% in Q4 2025.
Sap Se (SAP) Net Margin (2009 - 2026) Analysis & Trends
Sap Se's Net Margin history runs 18 years deep, the most recent figure standing at 20.22% for Q1 2026.
- On a quarterly basis, Net Margin rose 47.0% year-over-year to 20.22% in Q1 2026; TTM through Mar 2026 was 19.59%, a 473.0% decrease from a year earlier, with the FY2025 full-year figure at 19.46%, up 1032.0% from the prior year.
- Net Margin grew to 20.22% in Q1 2026 per SAP's latest filing, from 14.9% in the prior quarter.
- Across five years, Net Margin topped out at 863.89% in Q4 2023 and bottomed at 14.9% in Q4 2025.
- The 5-year median for Net Margin is 16.5% (2023), against an average of 83.79%.
- Across the five-year window, Net Margin surged 87621 bps in 2023 and slumped 46823 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 12.31% in 2022, then surged by 7116 bps to 863.89% in 2023, then tumbled by 54 bps to 395.66% in 2024, then slumped by 104 bps to 14.9% in 2025, then soared by 236 bps to 20.22% in 2026.
- Per Business Quant, the three latest SAP Net Margin figures stand at 20.22% (Q1 2026), 14.9% (Q4 2025), and 22.08% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 5.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.22% |
| Dec 31, 2025 | -14.90% |
| Sep 30, 2025 | 22.08% |
| Jun 30, 2025 | 19.27% |
| Mar 31, 2025 | 19.75% |
| Dec 31, 2024 | 395.66% |
| Sep 30, 2024 | 17.27% |
| Jun 30, 2024 | 0.37% |
| Mar 31, 2024 | -10.30% |
| Dec 31, 2023 | 863.89% |
| Sep 30, 2023 | 16.50% |
| Jun 30, 2023 | 41.85% |
| Mar 31, 2023 | 6.44% |
| Dec 31, 2022 | -12.31% |
| Sep 30, 2022 | 11.77% |
| Jun 30, 2022 | 11.85% |
| Mar 31, 2022 | 15.10% |
| Dec 31, 2021 | -64.72% |
| Sep 30, 2021 | 19.14% |
| Jun 30, 2021 | 18.41% |