Sap Se (SAP) Operating Expenses (2009 - 2026)
Sap Se's (SAP) quarterly Operating Expenses came in at -$8.0 billion in Q1 2026, down 13.53% year-on-year from -$9.2 billion in Q1 2025, and up 74.59% quarter-over-quarter from -$31.4 billion in Q4 2025.
Sap Se (SAP) Operating Expenses (2009 - 2026) Analysis & Trends
Sap Se's Operating Expenses history runs 18 years deep, the most recent figure standing at -$8.0 billion for Q1 2026.
- On a quarterly basis, Operating Expenses fell 13.53% year-over-year to -$8.0 billion in Q1 2026; TTM through Mar 2026 was -$62.1 billion, a 0.76% increase from a year earlier, with the FY2025 full-year figure at -$30.7 billion, up 3.85% from the prior year.
- Operating Expenses rose to -$8.0 billion in Q1 2026 per SAP's latest filing, from -$31.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at -$6.0 billion in Q1 2022 and bottomed at -$31.5 billion in Q4 2024.
- The 5-year median for Operating Expenses is -$7.1 billion (2023), against an average of -$11.3 billion.
- Across the five-year window, Operating Expenses surged 76.69% in 2022 and tumbled 346.38% in 2024, its largest moves.
- Year by year, Operating Expenses stood at -$6.2 billion in 2022, then retreated by 14.25% to -$7.1 billion in 2023, then plunged by 346.38% to -$31.5 billion in 2024, then increased by 0.45% to -$31.4 billion in 2025, then jumped by 74.59% to -$8.0 billion in 2026.
- Per Business Quant, the three latest SAP Operating Expenses figures stand at -$8.0 billion (Q1 2026), -$31.4 billion (Q4 2025), and -$7.7 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 789.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.98 Bn |
| Dec 31, 2025 | -31.39 Bn |
| Sep 30, 2025 | -7.70 Bn |
| Jun 30, 2025 | -15.00 Bn |
| Mar 31, 2025 | -7.03 Bn |
| Dec 31, 2024 | -31.54 Bn |
| Sep 30, 2024 | -6.87 Bn |
| Jun 30, 2024 | -17.12 Bn |
| Mar 31, 2024 | -9.59 Bn |
| Dec 31, 2023 | -7.06 Bn |
| Sep 30, 2023 | -6.56 Bn |
| Jun 30, 2023 | -6.73 Bn |
| Mar 31, 2023 | -7.12 Bn |
| Dec 31, 2022 | -6.18 Bn |
| Sep 30, 2022 | -5.97 Bn |
| Jun 30, 2022 | -12.22 Bn |
| Mar 31, 2022 | -5.95 Bn |
| Dec 31, 2021 | -26.52 Bn |
| Sep 30, 2021 | -19.66 Bn |
| Jun 30, 2021 | -13.33 Bn |