SAP SE (SAP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 22.25B | 20.25B | 18.91B | 19.64B | 25.89B | 21.4B | 20.51B | 20.9B | 23.8B | 20.57B | 20.82B | 25.08B | 26.51B | 18.66B | 20.84B | 20.12B | 23.37B | 22.79B | 16.93B | 19.57B |
| Cash & Short-Term Investments | 10.04B | 9.77B | 9.93B | 10.18B | 12.25B | 11.24B | 12.07B | 11.68B | 13.61B | 11.28B | 12.43B | 15.43B | 9.89B | 10.35B | 8.82B | 8.48B | 11.49B | 13.26B | 9.5B | 10.25B |
| Cash Only | 9.65B | 8.22B | 8.58B | 7.96B | 12.25B | 9.61B | 10.01B | 7.87B | 9.29B | 8.12B | 9.38B | 15.43B | 8.77B | 9.61B | 7.34B | 7.49B | 8.94B | 10.12B | 7.94B | 9.21B |
| Short-Term Investments | 397M | 1.55B | 1.38B | 2.24B | 0 | 1.63B | 2.07B | 3.81B | 4.31B | 3.16B | 3.05B | 0 | 1.12B | 735.34M | 1.48B | 987M | 2.54B | 3.14B | 1.56B | 1.04B |
| Accounts Receivable | 9.03B | 7.27B | 6.2B | 6.82B | 9.19B | 7.48B | 6B | 6.69B | 7.79B | 6.97B | 6.01B | 6.54B | 6.99B | 7.33B | 9.78B | 9.53B | 9.99B | 7.68B | 5.79B | 7.46B |
| Days Sales Outstanding | 76.75 | 63.96 | 65.98 | 80.71 | 83.23 | 66.12 | 68.89 | 79.49 | 83.54 | 70.53 | 74.59 | 81.51 | 86.61 | 93.3 | 118.81 | 123.27 | 117.43 | 77.64 | 88.99 | 97.92 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.38B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 308.28 | - | - | - | - | - | - | - |
| Other Current Assets | 3.18B | 3.21B | 2.78B | 2.64B | 4.45B | 2.68B | 2.44B | 2.53B | 2.39B | 1.48B | 2.37B | 3.11B | 2.24B | 99.25M | 2.23B | 2.11B | 1.89B | 1.86B | 1.64B | 1.86B |
| Total Non-Current Assets | 51.21B | 50.08B | 49.49B | 48.76B | 55.8B | 52.72B | 49.14B | 49.48B | 49.12B | 51.01B | 47.19B | 50.98B | 47.03B | 60.71B | 57.4B | 55.45B | 53.01B | 58.14B | 48.1B | 55.25B |
| Property, Plant & Equipment | 4.48B | 4.5B | 4.4B | 4.35B | 4.82B | 4.49B | 4.24B | 4.25B | 4.26B | 4.28B | 4.4B | 4.76B | 4.46B | 5.27B | 5.03B | 5B | 4.99B | 5.66B | 4.83B | 5.72B |
| Fixed Asset Turnover | 2.13x | 2.18x | 2.08x | 1.97x | 1.94x | 2.15x | 1.99x | 1.95x | 1.88x | 1.95x | 1.69x | 1.64x | 1.53x | 1.64x | 1.49x | 1.44x | 1.27x | 1.52x | 1.30x | 1.25x |
| Goodwill | 29.49B | 29B | 29.03B | 28.54B | 32.73B | 31.15B | 29.49B | 29.78B | 29.56B | 29.09B | 29.14B | 31.18B | 28.56B | 35.3B | 35.7B | 33.91B | 32.16B | 35.36B | 29.65B | 34.45B |
| Intangible Assets | 2.27B | 2.28B | 2.39B | 2.29B | 2.71B | 2.71B | 2.71B | 2.37B | 2.45B | 2.5B | 2.19B | 2.46B | 2.35B | 4.09B | 4.33B | 4.29B | 4.03B | 4.51B | 3.81B | 4.66B |
| Long-Term Investments | 7.63B | 7.48B | 7.06B | 6.81B | 7.77B | 7.35B | 6.29B | 6.23B | 5.69B | 5.5B | 5.63B | 6.15B | 5.5B | 5.97B | 6.92B | 6.92B | 6.6B | 7.3B | 5.79B | 5.99B |
| Other Non-Current Assets | 4.81B | 4.66B | 4.41B | 4.21B | 4.67B | 4.35B | 3.78B | 3.86B | 4.04B | 5.45B | 3.87B | 4.05B | 3.79B | 5.49B | 3.62B | 3.43B | 3.16B | 3.29B | 2.62B | 2.86B |
| Total Assets | 73.46B | 70.33B | 68.4B | 68.4B | 81.69B | 74.12B | 69.65B | 70.38B | 72.92B | 68.33B | 68.01B | 76.06B | 73.53B | 79.37B | 78.23B | 75.58B | 76.37B | 80.93B | 65.03B | 74.82B |
| Asset Turnover | 0.13x | 0.14x | 0.13x | 0.12x | 0.12x | 0.13x | 0.12x | 0.12x | 0.11x | 0.12x | 0.11x | 0.10x | 0.10x | 0.11x | 0.10x | 0.09x | 0.09x | 0.11x | 0.10x | 0.09x |
| Asset Growth % | -10.08% | -5.11% | -1.8% | -2.81% | 12.04% | 8.47% | 2.41% | -7.47% | -0.84% | -13.9% | -13.07% | 0.65% | -3.72% | -1.93% | 20.3% | 1% | 14.86% | 38.4% | 9.7% | 23.25% |
| Total Current Liabilities | 20.82B | 17.24B | 17.11B | 19.05B | 22.2B | 19.08B | 18.66B | 18.66B | 19.08B | 14.64B | 13.39B | 17.65B | 18.85B | 18.63B | 20.23B | 20.89B | 21.03B | 18.35B | 14.51B | 18.22B |
| Accounts Payable | 2.55B | 2.43B | 2.07B | 2.21B | 2.39B | 1.99B | 1.93B | 1.88B | 1.93B | 1.78B | 1.62B | 1.73B | 1.61B | 2.29B | 1.93B | 1.94B | 1.69B | 1.8B | 1.14B | 1.28B |
| Days Payables Outstanding | 86.76 | 74.85 | 82.02 | 86.99 | 81.87 | 74.09 | 77.56 | 76.12 | 74.05 | 69.07 | 73.02 | 70.75 | 81.34 | 81.73 | 87.28 | 84.01 | 83.31 | 62.64 | 56.81 | 57.96 |
| Short-Term Debt | 0 | 2.05B | 0 | 2.85B | 3.68B | 3.64B | 3.86B | 1.75B | 1.66B | 1.14B | 1.64B | 2.94B | 3.69B | 4.62B | 8.58B | 4.49B | 7.14B | 4.74B | 4.21B | 4.55B |
| Deferred Revenue (Current) | 10.11B | 6.58B | 6.75B | 8.39B | 9.95B | 5.98B | 5.99B | 7.73B | 7.99B | 4.97B | 5.26B | 7.36B | 7.55B | 5.67B | 5.49B | 6.88B | 7.63B | 5.04B | 4.85B | 7.32B |
| Other Current Liabilities | 6.88B | 5.17B | 7.35B | 4.36B | 5.18B | 1.65B | 6.37B | 6.86B | 7.5B | 1.42B | 4.88B | 4.98B | 6.01B | 1.31B | 4.24B | 6.88B | 4.56B | 6.43B | 4.32B | 4.7B |
| Current Ratio | 1.07x | 1.17x | 1.10x | 1.03x | 1.17x | 1.12x | 1.10x | 1.12x | 1.25x | 1.40x | 1.55x | 1.42x | 1.41x | 1.00x | 1.03x | 0.96x | 1.11x | 1.24x | 1.17x | 1.07x |
| Quick Ratio | 1.07x | 1.17x | 1.10x | 1.03x | 1.17x | 1.12x | 1.10x | 1.12x | 1.25x | 1.40x | 1.55x | 1.42x | 1.01x | 1.00x | 1.03x | 0.96x | 1.11x | 1.24x | 1.17x | 1.07x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | 313.54 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 7.28B | 7.87B | 8.04B | 7.95B | 9.72B | 9.23B | 9.53B | 9.78B | 10.5B | 12.29B | 11.38B | 12.34B | 11.69B | 15.01B | 11.96B | 11.89B | 12.73B | 15.36B | 13.7B | 16.14B |
| Long-Term Debt | 0 | 6.02B | 0 | 4.27B | 7.24B | 5.3B | 7.04B | 5.39B | 7.94B | 6.03B | 9.23B | 7.61B | 9.24B | 7.43B | 9.56B | 7.21B | 10.07B | 10.51B | 11.34B | 11.43B |
| Capital Lease Obligations | 0 | 0 | 0 | 1.38B | 0 | 1.42B | 0 | 1.3B | 0 | 1.33B | 0 | 1.55B | 0 | 1.91B | 0 | 1.75B | 0 | 1.97B | 0 | 2.04B |
| Deferred Tax Liabilities | 199M | 71.97M | 187M | 292.58M | 333.78M | 215M | 318M | 267M | 274M | 265M | 155M | 159.29M | 149M | 2.61B | 295M | 300M | 290M | 330.93M | 252M | 304.78M |
| Other Non-Current Liabilities | 6.93B | 1.64B | 7.71B | 1.89B | 2.04B | 2.21B | 2.1B | 2.76B | 2.25B | 4.64B | 1.97B | 2.99B | 2.28B | 3.02B | 2.06B | 2.6B | 2.37B | 2.53B | 2.05B | 2.32B |
| Total Liabilities | 28.1B | 25.11B | 25.16B | 27B | 31.91B | 28.31B | 28.18B | 28.44B | 29.58B | 24.93B | 24.77B | 29.99B | 30.54B | 33.64B | 32.19B | 32.79B | 33.76B | 33.71B | 28.21B | 34.36B |
| Total Debt | 0 | 8.07B | 0 | 8.76B | 10.92B | 10.65B | 10.9B | 8.73B | 9.6B | 8.79B | 10.87B | 12.11B | 12.93B | 13.96B | 18.14B | 13.83B | 17.21B | 17.23B | 15.55B | 18.02B |
| Net Debt | -9.65B | -148.94M | -8.55B | 805.61M | -1.34B | 1.04B | 898M | 861M | 304M | 666M | 1.49B | -3.32B | 4.16B | 4.35B | 10.8B | 6.34B | 8.27B | 7.11B | 7.6B | 8.81B |
| Debt / Equity | - | 0.18x | - | 0.21x | 0.22x | 0.23x | 0.26x | 0.21x | 0.22x | 0.20x | 0.25x | 0.26x | 0.30x | 0.31x | 0.39x | 0.32x | 0.40x | 0.36x | 0.42x | 0.45x |
| Debt / EBITDA | - | 3.02x | - | 3.16x | 4.07x | 4.52x | 4.31x | 5.69x | 8.73x | 3.94x | 5.30x | 7.04x | 11.07x | 6.42x | 9.24x | 9.53x | 9.28x | 8.93x | 9.22x | 12.70x |
| Net Debt / EBITDA | -3.16x | -0.06x | -3.04x | 0.29x | -0.50x | 0.44x | 0.35x | 0.56x | 0.28x | 0.30x | 0.73x | -1.93x | 3.56x | 2.00x | 5.50x | 4.37x | 4.46x | 3.68x | 4.51x | 6.21x |
| Interest Coverage | 10.40x | 4.73x | 9.80x | 10.34x | 9.81x | 8.24x | 9.93x | 6.73x | -3.02x | 10.45x | 7.31x | 4.01x | 3.31x | 6.01x | 12.82x | 14.29x | 18.28x | 25.46x | 29.21x | 23.00x |
| Total Equity | 45.37B | 45.22B | 43.24B | 41.4B | 49.78B | 45.81B | 41.47B | 41.94B | 43.34B | 43.41B | 43.24B | 46.07B | 43B | 45.73B | 46.05B | 42.79B | 42.62B | 47.22B | 36.82B | 40.47B |
| Equity Growth % | -8.87% | -1.28% | 4.28% | -1.29% | 14.87% | 5.53% | -4.1% | -8.97% | 0.79% | -5.08% | -6.09% | 7.68% | 0.89% | -3.16% | 25.04% | 5.73% | 22.34% | 57.8% | 25.38% | 39.2% |
| Book Value per Share | 38.84 | 38.58 | 36.74 | 35.17 | 42.30 | 38.95 | 35.20 | 35.88 | 36.76 | 36.85 | 36.64 | 39.04 | 36.62 | 39.02 | 39.25 | 36.45 | 36.18 | 40.03 | 31.21 | 34.29 |
| Total Shareholders' Equity | 44.86B | 44.73B | 42.81B | 41B | 49.38B | 45.44B | 41.21B | 41.65B | 43.08B | 43.16B | 42.96B | 45.76B | 40.25B | 42.89B | 42.95B | 39.84B | 39.85B | 44.18B | 35.2B | 38.7B |
| Common Stock | 1.23B | 1.23B | 1.23B | 1.23B | 1.33B | 1.23B | 1.23B | 1.23B | 1.23B | 1.23B | 1.23B | 1.34B | 1.23B | 1.31B | 1.23B | 1.23B | 1.23B | 1.4B | 1.23B | 1.46B |
| Retained Earnings | 49.28B | 47.49B | 45.67B | 43.65B | 48.28B | 42.91B | 41.42B | 39.95B | 41.63B | 42.46B | 41.1B | 43.89B | 36.87B | 38.87B | 35.76B | 35.11B | 37.66B | 42.1B | 34.49B | 39.27B |
| Treasury Stock | -9.21B | -6.95B | -7.16B | -7.12B | -6.38B | -5.95B | -5.79B | -5.31B | -5.01B | -4.74B | -4.82B | -4.54B | -4.25B | -4.63B | -4.42B | -4.07B | -3.65B | -3.49B | -3.07B | -3.64B |
| Accumulated OCI | 0 | 181.92M | 0 | 463M | 3.38B | 4.69B | 1.93B | 3.52B | 3.18B | 2.37B | 3.77B | 3.38B | 3.02B | 4.05B | 7.54B | 5.03B | 2.52B | 2B | 949M | 90.13M |
| Minority Interest | 505M | 487.79M | 434M | 401M | 402.91M | 368M | 255M | 289M | 257M | 249M | 281M | 308.75M | 2.75B | 2.84B | 3.1B | 2.94B | 2.77B | 3.04B | 1.62B | 1.77B |