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

Sap Se (SAPGF) recorded quarterly Operating Margin of 28.69% in Q1 2026, down 98.19% quarter-over-quarter from 1588.82% in Q4 2025, and up 280.0% on a YoY basis from 7.55% in Q1 2025.

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

Sap Se's Operating Margin history runs 18 years deep, the most recent figure standing at 28.69% for Q1 2026.

  • In Q1 2026, Operating Margin rose 280.0% year-over-year to 28.69%; the TTM figure through Mar 2026 stood at 55.69% (up 1848.0% YoY), while the FY2025 annual figure was 26.13%, up 1248.0% from the prior year.
  • Operating Margin was 28.69% for Q1 2026 at Sap Se, down from 1588.82% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 1588.82% in Q4 2025 to a low of 9.79% in Q1 2024.
  • Historically, Operating Margin has averaged 146.22% across 5 years, with a median of 22.46% in 2023.
  • The sharpest annual moves came in 2024 and 2025: Operating Margin sank 2058 bps in 2024, then soared 97857 bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 24.83% in 2022, then slipped by 10 bps to 22.46% in 2023, then jumped by 2617 bps to 610.25% in 2024, then soared by 160 bps to 1588.82% in 2025, then sank by 98 bps to 28.69% in 2026.
  • The last three Operating Margin figures came in at 28.69% (Q1 2026), 1588.82% (Q4 2025), and 27.4% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Sap Se 257.53 Bn 239.56 Bn 8.16 Bn 28.69%
2 Full Truck Alliance 171.61 Bn 169.06 Bn - -
3 Salesforce 152.15 Bn 140.31 Bn 8.56 Bn 21.08%
4 Uber Technologies 144.45 Bn 143.41 Bn 11.88 Bn 14.56%
5 Shopify 144.09 Bn 138.34 Bn 1.55 Bn 12.05%
6 ServiceNow 110.55 Bn 105.37 Bn 2.83 Bn 13.34%
7 Cadence Design Systems 106.32 Bn 104.91 Bn 1.26 Bn 29.26%
8 Adobe 97.77 Bn 90.88 Bn 5.73 Bn 37.79%
9 Automatic Data Processing 93.39 Bn 90.16 Bn 2.87 Bn -22.99%
10 Sap Se - - 8.16 Bn 28.69%

Historic Data

Download Data
DateValue
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 22.46%
Sep 30, 2023 22.25%
Jun 30, 2023 18.15%
Mar 31, 2023 10.79%
Dec 31, 2022 24.83%
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%
Jun 30, 2021 14.93%