Sap Se (SAP) Operating Margin (2009 - 2026)
Sap Se (SAP) posted quarterly Operating Margin of 27.7% for Q2 2026, up 116.0% year-over-year from 12.82% in Q2 2025, and down 3.43% quarter-over-quarter from 28.69% in Q1 2026.
Sap Se (SAP) Operating Margin (2009 - 2026) Analysis & Trends
Sap Se's Operating Margin history runs 18 years deep, the most recent figure standing at 27.7% for Q2 2026.
- In Q2 2026, Operating Margin rose 116.0% year-over-year to 27.7%; the TTM figure through Jun 2026 stood at 54.87% (up 806.0% YoY), while the FY2025 annual figure was 26.13%, up 1248.0% from the prior year.
- Operating Margin for Q2 2026 stood at 27.7%, down from 28.69% in the prior quarter.
- The five-year high for Operating Margin was 1588.82% in Q4 2025, with the low at 17.61% in Q4 2022.
- The 5-year median for Operating Margin is 24.07% (2023), against an average of 184.61%.
- The sharpest annual moves came in 2024 and 2025: Operating Margin plunged 26411 bps in 2024, then surged 97857 bps in 2025.
- Sap Se's Operating Margin stood at 17.61% in 2022, then jumped by 5065 bps to 874.36% in 2023, then plunged by 30 bps to 610.25% in 2024, then surged by 160 bps to 1588.82% in 2025, then plunged by 98 bps to 27.7% in 2026.
- Business Quant data shows SAP's Operating Margin at 27.7% in Q2 2026, 28.69% in Q1 2026, and 1588.82% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 0.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.70% |
| Mar 31, 2026 | 28.69% |
| Dec 31, 2025 | 1,588.82% |
| Sep 30, 2025 | 27.40% |
| Jun 30, 2025 | 26.55% |
| Mar 31, 2025 | 25.88% |
| Dec 31, 2024 | 610.25% |
| Sep 30, 2024 | 26.14% |
| Jun 30, 2024 | 2.66% |
| Mar 31, 2024 | -9.79% |
| Dec 31, 2023 | 874.36% |
| Sep 30, 2023 | 22.25% |
| Jun 30, 2023 | 18.15% |
| Mar 31, 2023 | 10.79% |
| Dec 31, 2022 | -17.61% |
| Sep 30, 2022 | 20.83% |
| Jun 30, 2022 | 18.10% |
| Mar 31, 2022 | 21.72% |
| Dec 31, 2021 | -67.06% |
| Sep 30, 2021 | 16.08% |