Sap Se (SAPGF) Gross Margin (2009 - 2026)

Sap Se (SAPGF) recorded quarterly Gross Margin of 72.98% in Q1 2026, down 98.18% quarter-over-quarter from 4015.2% in Q4 2025, and down 33.0% on a YoY basis from 108.92% in Q1 2025.

Sap Se (SAPGF) Gross Margin (2009 - 2026) Analysis & Trends

Sap Se's Gross Margin history runs 18 years deep, the most recent figure standing at 72.98% for Q1 2026.

  • In Q1 2026, Gross Margin fell 33.0% year-over-year to 72.98%; the TTM figure through Mar 2026 stood at 144.88% (up 7154.0% YoY), while the FY2025 annual figure was 72.86%, down 9.0% from the prior year.
  • Gross Margin was 72.98% for Q1 2026 at Sap Se, down from 4015.2% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 4015.2% in Q4 2025 to a low of 12.75% in Q4 2022.
  • Historically, Gross Margin has averaged 301.91% across 5 years, with a median of 72.79% in 2023.
  • The sharpest annual moves came in 2023 and 2025: Gross Margin sank 116 bps in 2023, then surged 392688 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 12.75% in 2022, then jumped by 475 bps to 73.26% in 2023, then gained by 21 bps to 88.32% in 2024, then soared by 4446 bps to 4015.2% in 2025, then sank by 98 bps to 72.98% in 2026.
  • The last three Gross Margin figures came in at 72.98% (Q1 2026), 4015.2% (Q4 2025), and 73.5% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Sap Se 262.33 Bn 244.36 Bn 8.16 Bn 72.98%
2 Full Truck Alliance 173.49 Bn 170.93 Bn - -
3 Salesforce 158.80 Bn 146.96 Bn 8.56 Bn 76.92%
4 Shopify 144.36 Bn 138.62 Bn 1.55 Bn 48.77%
5 Uber Technologies 144.25 Bn 143.21 Bn 11.88 Bn 89.96%
6 ServiceNow 118.74 Bn 113.56 Bn 2.83 Bn 75.07%
7 Cadence Design Systems 107.33 Bn 105.92 Bn 1.26 Bn 85.65%
8 Adobe 100.50 Bn 93.61 Bn 5.73 Bn 89.62%
9 Automatic Data Processing 92.49 Bn 89.26 Bn 2.87 Bn 48.28%
10 Sap Se - - 8.16 Bn 72.98%

Historic Data

Download Data
DateValue
Mar 31, 2026 72.98%
Dec 31, 2025 4,015.20%
Sep 30, 2025 73.50%
Jun 30, 2025 73.31%
Mar 31, 2025 73.31%
Dec 31, 2024 88.32%
Sep 30, 2024 73.34%
Jun 30, 2024 72.13%
Mar 31, 2024 71.66%
Dec 31, 2023 73.26%
Sep 30, 2023 72.79%
Jun 30, 2023 71.60%
Mar 31, 2023 71.01%
Dec 31, 2022 12.75%
Sep 30, 2022 72.75%
Jun 30, 2022 72.44%
Mar 31, 2022 72.17%
Dec 31, 2021 -167.15%
Sep 30, 2021 70.86%
Jun 30, 2021 70.58%