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| Date | Value |
|---|---|
| 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% |