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
DateValue
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