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