Sap Se (SAP) Operating Leases (2019 - 2025)
Sap Se's (SAP) quarterly Operating Leases came in at $1.7 billion in Q4 2025, up 9.7% year-on-year from $1.5 billion in Q4 2024, and up 9.7% quarter-over-quarter from $1.5 billion in Q4 2024.
Sap Se (SAP) Operating Leases (2019 - 2025) Analysis & Trends
Sap Se's Operating Leases history runs 7 years deep, the most recent figure standing at $1.7 billion for Q4 2025.
- On a quarterly basis, Operating Leases rose 9.7% year-over-year to $1.7 billion in Q4 2025; TTM through Dec 2025 was $1.7 billion, a 9.7% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 5.12% from the prior year.
- Operating Leases rose to $1.7 billion in Q4 2025 per SAP's latest filing, from $1.5 billion in the prior quarter.
- Across five years, Operating Leases topped out at $2.0 billion in Q4 2021 and bottomed at -$2.2 billion in Q4 2022.
- The 5-year median for Operating Leases is $1.5 billion (2024), against an average of $882.5 million.
- Across the five-year window, Operating Leases tumbled 209.94% in 2022 and soared 165.39% in 2023, its largest moves.
- Year by year, Operating Leases stood at $2.0 billion in 2021, then sank by 209.94% to -$2.2 billion in 2022, then surged by 165.39% to $1.4 billion in 2023, then gained by 6.28% to $1.5 billion in 2024, then increased by 9.7% to $1.7 billion in 2025.
- Per Business Quant, the three latest SAP Operating Leases figures stand at $1.7 billion (Q4 2025), $1.5 billion (Q4 2024), and $1.4 billion (Q4 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.66 Bn |
| Dec 31, 2024 | 1.52 Bn |
| Dec 31, 2023 | 1.43 Bn |
| Dec 31, 2022 | -2.18 Bn |
| Dec 31, 2021 | 1.99 Bn |
| Dec 31, 2020 | 2.07 Bn |
| Dec 31, 2019 | 2.01 Bn |