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
DateValue
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%