Sap Se (SAPGF) Operating Expenses (2009 - 2026)

Sap Se (SAPGF) recorded quarterly Operating Expenses of -$8.0 billion in Q1 2026, up 74.59% quarter-over-quarter from -$31.4 billion in Q4 2025, and down 13.53% on a YoY basis from -$9.2 billion in Q1 2025.

Sap Se (SAPGF) 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.

  • In Q1 2026, Operating Expenses fell 13.53% year-over-year to -$8.0 billion; the TTM figure through Mar 2026 stood at -$62.1 billion (up 0.76% YoY), while the FY2025 annual figure was -$30.7 billion, up 3.85% from the prior year.
  • Operating Expenses was -$8.0 billion for Q1 2026 at Sap Se, up from -$31.4 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$6.0 billion in Q1 2022 to a low of -$31.5 billion in Q4 2024.
  • Historically, Operating Expenses has averaged -$13.5 billion across 5 years, with a median of -$8.0 billion in 2026.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 69.64% in 2022, then sank 154.22% in 2024.
  • A 5-year view of Operating Expenses shows it stood at -$23.9 billion in 2022, then declined by 14.37% to -$27.3 billion in 2023, then decreased by 15.36% 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.
  • The last three Operating Expenses figures came in at -$8.0 billion (Q1 2026), -$31.4 billion (Q4 2025), and -$7.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 262.33 Bn 244.36 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 173.49 Bn 170.93 Bn - -269.42 Mn
3 Salesforce 158.80 Bn 146.96 Bn 8.56 Bn 6.22 Bn
4 Shopify 144.36 Bn 138.62 Bn 1.55 Bn 1.16 Bn
5 Uber Technologies 144.25 Bn 143.21 Bn 11.88 Bn 11.28 Bn
6 ServiceNow 118.74 Bn 113.56 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 107.33 Bn 105.92 Bn 1.26 Bn 1.04 Bn
8 Adobe 100.50 Bn 93.61 Bn 5.73 Bn 3.32 Bn
9 Automatic Data Processing 92.49 Bn 89.26 Bn 2.87 Bn 4.23 Bn
10 Sap Se - - 8.16 Bn -7.98 Bn

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 -27.34 Bn
Sep 30, 2023 -6.56 Bn
Jun 30, 2023 -6.73 Bn
Mar 31, 2023 -7.12 Bn
Dec 31, 2022 -23.90 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