SAP SE

SAPNYSETechnology● Active

$181.92

$-2.85(-1.54%)

Market Cap$212.0B

P/E Ratio—

52W High$313.28

52W Low$158.58

Avg Volume3.4M

Open$182.60

Beta0.73

Free Cash Flow Financials Revenue

SAP SE (SAP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SAP · free cash flow · updated Jun 8, 2026

Core FCF metrics

SAP · FCF · TTM · margin & CAGR

Free cash flow was $7.94B for FY2025 (fiscal year ending 2025-12-31), up 79.4% year-over-year The FCF margin was 21.6%. Five-year CAGR stands at +4.5%.

FY2025 Free Cash Flow$7.94B▲ +79.4% YoY

Trailing 12M (TTM)$8.06Btrailing 4 quarters sum

FCF Margin21.6%$7.94B ÷ revenue

3-Year CAGR+18.5%FY2022 → FY2025

5-Year CAGR+4.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SAP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$8.65B(710M)$7.94B▲ +79.4%21.6%

FY2024$5.22B(797M)$4.42B▼ 20.3%12.9%

FY2023$6.33B(785M)$5.55B▲ +16.2%17.8%

FY2022$5.65B(874M)$4.77B▼ 13.6%16.2%

FY2021$6.22B(701M)$5.52B▼ 13.4%20.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SAP · P/FCF · FCF yield · FCF per share

SAP SE (SAP) trades at a FCF yield of 4.34% and a price-to-free-cash-flow ratio of 26.3x. FCF per share stands at $6.91, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.34%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.91

TTM FCF ÷ Shares Outstanding

Price / FCF

x26.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x21.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

SAP · cash flow statement · operating / investing / financing

For FY2025, SAP SE generated $8.65B in operating cash flow and spent 710M in capital expenditures, yielding $7.94B in free cash flow.

Operating Activities

+$8.65B

Cash from core business operations

2025-12-31

Investing Activities

−$1.33B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$7.85B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($8.65B) − |CapEx| (710M) = FCF ($7.94B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

SAP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

SAP SEYOU

SAP

$7.94B+79.4%21.6%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

SAP SE (SAP) reported free cash flow of $7.94B for FY2025 (fiscal year ending 2025-12-31), up 79.4% year-over-year. The FCF margin was 21.6%.

Based on available data, SAP SE has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $7.94B in FY2025. The 5-year CAGR stands at +4.5%.

SAP SE's FCF yield is 4.34% and price-to-FCF ratio is 26.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SAP free cash flow · 8 questions

SAP SE free cash flow was $7.94B for FY2025, up 79.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.06B.

SAP free cash flowSAP FCFSAP FCF 2025SAP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · SAP SE · SAP SE SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026