SAP
SAP SE
NYSEUSDEQUITY
Technology
DELAYED
Buy
+34/100
Last price
209.05
▼ 1.41 (0.67%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
209.32
Prev close
210.46
Day high
210.77
Day low
208.21
Volume
373.60K
Market cap
$241.29B
P/E (TTM)
26.84
52W range
144.97 – 281.37
Day trading desk
Gap from prior close
-0.54%
Prior close 210.46
VWAP
209.25
-0.09% from price
Relative volume
0.14×
Quiet session
Session range
1.26%
208.20 – 210.82
Position in range
33%
Mid range
ATR (14D)
4.48
2.14% of price
Prior day high
213.69
PDH
Prior day low
210.07
PDL
Bid / ask spread
—
Quote not published
Session volume
368.59K
Avg 2.60M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+0.28%
-1.3%
1M
-1.15%
-2.3%
3M
+31.93%
+28.9%
6M
+23.57%
+9.0%
YTD
-13.94%
-27.5%
1Y
-23.78%
-39.1%
3Y
+62.61%
-18.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SAP open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap$241.29B
Enterprise value$3.42T
Revenue (TTM)$38.19B
Gross profit$28.13B
EBITDA$11.76B
Net income$7.80B
EPS (TTM)$7.79
Free cash flow$9.09B
Total cash$11.62B
Total debt$9.94B
Book value / share$3.18
Shares outstanding1.15B
Float14.50B
Short % of float0.44%
Dividend yield1.39%
Beta (5Y)0.76
Valuation & profitability ratios
Trailing P/E26.84
Forward P/E21.58
PEG ratio1.64
Price / sales—
Price / book65.80
EV / revenue89.55
EV / EBITDA290.83
Gross margin73.66%
Operating margin27.62%
Profit margin20.41%
Return on equity18.32%
Return on assets9.54%
Debt / equity21.97
Current ratio1.15
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $36.80B | $34.18B | $31.21B | $29.52B | +7.7% |
| Operating revenue | $36.80B | $34.18B | $31.21B | $29.52B | +7.7% |
| Cost of revenue | $9.99B | $9.24B | $8.67B | $8.04B | +8.0% |
| Gross profit | $26.81B | $24.93B | $22.53B | $21.48B | +7.5% |
| Research & development | $6.63B | $6.51B | $6.32B | $6.08B | +1.8% |
| Selling, general & admin | $10.51B | $10.53B | $10.19B | $9.23B | -0.1% |
| Total operating expense | $17.19B | $17.12B | $16.52B | $15.43B | +0.4% |
| Operating income | $9.62B | $7.81B | $6.01B | $6.05B | +23.2% |
| Net interest income | -$230.00M | -$64.00M | -$311.00M | -$195.00M | -259.4% |
| Pre-tax income | $10.27B | $4.76B | $5.34B | $4.51B | +115.6% |
| Tax provision | $2.94B | $1.61B | $1.74B | $1.45B | +82.4% |
| Net income | $7.16B | $3.12B | $6.14B | $2.28B | +129.2% |
| Net income to common | $7.16B | $3.12B | $6.14B | $2.28B | +129.2% |
| Basic EPS | 6.14 | 2.68 | 5.23 | 1.96 | +129.1% |
| Diluted EPS | 6.10 | 2.65 | 5.17 | 1.95 | +130.2% |
| EBIT | $10.76B | $5.31B | $5.98B | $4.91B | +102.7% |
| EBITDA | $12.07B | $6.59B | $7.35B | $6.48B | +83.2% |
| Basic shares | 1.17B | 1.17B | 1.17B | 1.17B | 0.0% |
| Diluted shares | 1.18B | 1.18B | 1.18B | 1.18B | -0.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $8.22B | $9.61B | $8.12B | $9.01B | -14.5% |
| Cash & short-term investments | $9.77B | $11.24B | $11.47B | $9.86B | -13.0% |
| Accounts receivable | $5.79B | $6.23B | $5.89B | $5.78B | -7.1% |
| Total current assets | $20.26B | $21.40B | $20.57B | $18.52B | -5.4% |
| Property, plant & equipment | $4.50B | $4.49B | $4.28B | $4.93B | +0.1% |
| Goodwill & intangibles | $31.30B | $33.97B | $31.59B | $36.91B | -7.9% |
| Total assets | $70.36B | $74.24B | $68.33B | $72.16B | -5.2% |
| Total current liabilities | $17.42B | $19.08B | $14.64B | $17.45B | -8.7% |
| Current debt | $1.60B | $3.64B | $1.14B | $3.98B | -56.1% |
| Long-term debt | $4.19B | $5.30B | $6.03B | $6.96B | -20.9% |
| Total debt | $7.48B | $10.65B | $8.79B | $13.09B | -29.8% |
| Total liabilities | $25.29B | $28.43B | $24.93B | $29.31B | -11.1% |
| Retained earnings | $47.34B | $42.91B | $42.46B | $36.42B | +10.3% |
| Shareholder equity | $44.59B | $45.44B | $43.16B | $40.19B | -1.9% |
| Working capital | $2.84B | $2.32B | $5.93B | $1.07B | +22.5% |
| Net tangible assets | $13.29B | $11.47B | $11.57B | $3.27B | +15.9% |
| Shares issued | 1.23B | 1.23B | 1.23B | 1.23B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $7.33B | $3.15B | $3.60B | $3.07B | +132.6% |
| Depreciation & amortisation | $1.31B | $1.28B | $1.37B | $1.57B | +2.4% |
| Stock-based compensation | $1.70B | $2.38B | $2.22B | $1.43B | -28.9% |
| Change in working capital | -$664.00M | $623.00M | -$27.00M | -$143.00M | -206.6% |
| Operating cash flow | $9.16B | $5.21B | $6.25B | $5.65B | +75.8% |
| Capital expenditure | -$739.00M | -$797.00M | -$785.00M | -$877.00M | +7.3% |
| Investing cash flow | -$965.00M | -$93.00M | $1.39B | $667.00M | -937.6% |
| Share buybacks | -$1.94B | -$2.11B | -$949.00M | -$1.50B | +8.0% |
| Dividends paid | -$2.74B | -$2.56B | -$2.40B | -$2.87B | -6.9% |
| Financing cash flow | -$8.74B | -$3.96B | -$8.13B | -$6.34B | -120.8% |
| Free cash flow | $8.42B | $4.41B | $5.46B | $4.77B | +90.9% |
| End cash position | $8.22B | $9.61B | $8.12B | $9.01B | -14.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $9.88B | $9.55B | $9.68B | $9.08B | $9.03B | +3.4% |
| Operating revenue | $9.88B | $9.55B | $9.68B | $9.08B | $9.03B | +3.4% |
| Cost of revenue | $2.65B | $2.58B | $2.77B | $2.40B | $2.41B | +2.6% |
| Gross profit | $7.23B | $6.97B | $6.92B | $6.67B | $6.62B | +3.7% |
| Research & development | $1.84B | $1.70B | $1.70B | $1.64B | $1.62B | +8.4% |
| Selling, general & admin | $2.72B | $2.50B | $2.85B | $2.55B | $2.52B | +8.8% |
| Total operating expense | $4.58B | $4.22B | $4.57B | $4.20B | $4.15B | +8.4% |
| Operating income | $2.65B | $2.75B | $2.34B | $2.47B | $2.47B | -3.7% |
| Net interest income | $403.00M | -$18.00M | -$617.00M | $212.00M | $49.00M | +2,338.9% |
| Pre-tax income | $3.01B | $2.75B | $2.56B | $2.75B | $2.50B | +9.5% |
| Tax provision | $797.00M | $800.00M | $825.00M | $694.00M | $753.00M | -0.4% |
| Net income | $2.18B | $1.93B | $1.68B | $2.00B | $1.70B | +12.8% |
| Net income to common | $2.18B | $1.93B | $1.68B | $2.00B | $1.70B | +12.8% |
| Basic EPS | 1.89 | 1.66 | 1.58 | 1.72 | 1.45 | +13.9% |
| Diluted EPS | 1.88 | 1.65 | 1.57 | 1.71 | 1.44 | +13.9% |
| EBIT | $3.33B | $3.04B | $2.19B | $3.06B | $2.77B | +9.6% |
| EBITDA | $3.65B | $3.34B | $2.51B | $3.38B | $3.09B | +9.0% |
| Basic shares | 1.15B | 1.16B | 1.17B | 1.16B | 1.17B | -0.9% |
| Diluted shares | 1.16B | 1.17B | 1.17B | 1.17B | 1.18B | -0.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.51B | $9.65B | $8.22B | $8.55B | $7.94B | +8.9% |
| Cash & short-term investments | $11.63B | $10.04B | $9.77B | $9.93B | $10.18B | +15.7% |
| Accounts receivable | $7.08B | $8.57B | $5.79B | $5.78B | $5.78B | -17.5% |
| Total current assets | $22.65B | $22.25B | $20.26B | $18.91B | $19.64B | +1.8% |
| Property, plant & equipment | $4.50B | $4.48B | $4.50B | $4.40B | $4.34B | +0.6% |
| Goodwill & intangibles | $33.05B | $31.76B | $31.30B | $31.42B | $30.83B | +4.1% |
| Total assets | $75.61B | $73.46B | $70.36B | $68.40B | $68.40B | +2.9% |
| Total current liabilities | $19.73B | $20.82B | $17.42B | $17.11B | $19.05B | -5.2% |
| Current debt | — | — | $1.60B | — | $2.85B | — |
| Long-term debt | — | — | $4.19B | — | $4.26B | — |
| Total debt | $10.51B | $7.86B | $7.48B | $9.12B | $8.75B | +33.6% |
| Total liabilities | $30.36B | $28.10B | $25.29B | $25.16B | $27.00B | +8.1% |
| Retained earnings | $48.58B | $49.28B | $47.34B | $45.67B | $43.65B | -1.4% |
| Shareholder equity | $44.74B | $44.86B | $44.59B | $42.81B | $41.00B | -0.3% |
| Working capital | $2.92B | $1.44B | $2.84B | $1.80B | $588.00M | +103.1% |
| Net tangible assets | $11.70B | $13.10B | $13.29B | $11.39B | $10.17B | -10.7% |
| Shares issued | 1.15B | 1.23B | 1.23B | 1.16B | 1.23B | -6.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.21B | $1.95B | $1.73B | $2.05B | $1.75B | +13.5% |
| Depreciation & amortisation | $316.00M | $305.00M | $325.00M | $318.00M | $319.00M | +3.6% |
| Stock-based compensation | $468.00M | $285.00M | $316.00M | $430.00M | $529.00M | +64.2% |
| Change in working capital | $756.00M | $864.00M | -$804.00M | -$1.10B | -$31.00M | -12.5% |
| Operating cash flow | $3.15B | $3.51B | $1.30B | $1.50B | $2.58B | -10.2% |
| Capital expenditure | -$116.00M | -$238.00M | -$180.00M | -$201.00M | -$190.00M | +51.3% |
| Investing cash flow | -$1.74B | $822.00M | -$218.00M | -$74.00M | -$716.00M | -311.9% |
| Share buybacks | -$321.00M | -$2.28B | $0 | -$304.00M | -$1.51B | +85.9% |
| Dividends paid | -$2.88B | $0 | $0 | $0 | -$2.74B | — |
| Financing cash flow | -$511.00M | -$3.03B | -$1.30B | -$700.00M | -$5.02B | +83.2% |
| Free cash flow | $3.04B | $3.27B | $1.12B | $1.30B | $2.39B | -7.2% |
| End cash position | $10.51B | $9.65B | $8.22B | $8.55B | $7.94B | +8.9% |
Options analytics
Put / call volume
1.22
Put-heavy session
Put / call open interest
0.65
Positioning, not flow
Max pain
207.50
-0.7% from spot
ATM implied vol
50.9%
Nearest strike to spot
Skew (10% OTM)
+4.6%
Puts bid over calls
Call volume
65
Contracts, this expiry
Put volume
79
Contracts, this expiry
Heaviest call OI
210.00
123 contracts
Heaviest put OI
205.00
41 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.00 | 1.81 | -9.8% |
| Mar 2026 | 1.92 | 2.01 | +5.0% |
| Dec 2025 | 1.72 | 1.93 | +12.1% |
| Sep 2025 | 1.74 | 1.85 | +6.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 2.08 | 7 | $10.09B | +11.2% |
| Next quarter | 2.36 | 7 | $10.72B | +10.7% |
| Current year | 8.22 | 10 | $40.26B | +9.4% |
| Next year | 9.66 | 10 | $44.99B | +11.7% |
Analyst targets & ownership
Mean target$252.50
High target$319.00
Low target$177.00
Implied upside20.78%
Analyst count12
ConsensusBUY
Strong buy / Buy4 / 9
Hold3
Sell / Strong sell0 / 0
Held by insiders0.00%
Held by institutions7.75%
Institutions holding997
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
209.50
-0.21% from price
SMA 20
210.41
-0.64% from price
SMA 50
208.83
+0.11% from price
SMA 100
187.41
+11.55% from price
SMA 200
192.97
+8.34% from price
EMA 12
209.80
-0.36% from price
EMA 26
209.39
-0.16% from price
EMA 50
204.09
+2.43% from price
RSI (14)
49.7
Neutral
MACD (12,26,9)
0.42
Hist -0.69
ATR (14)
4.48
2.14% of price
Realised vol 30D
30.2%
Annualised
Bollinger upper
216.17
20, 2σ
Bollinger lower
204.64
20, 2σ
50 / 200 cross
Golden
208.83 vs 192.97
Trend bias
Above 200
+8.34%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.70
Less volatile than market
Correlation to SPY
0.24
Largely independent
Realised vol 30D
30.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-47.8%
Peak to trough
Max drawdown 5Y
-53.1%
Peak to trough
ATR 14
4.48
2.14% of price
Beta (reported)
0.76
5Y monthly, from filing
Short interest
Shares short
5.04M
Prior 8.02M
Change vs prior
-37.2%
Shorts covering
% of float
0.44%
Normal
% of shares out
0.44%
Against total outstanding
Days to cover
2.2
Liquid
Float
14.50B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 26, 26 | UBS | DOWNGRADE | Buy | Neutral |
| Jul 27, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 24, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Jul 21, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 17, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Apr 27, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 24, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Apr 21, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Apr 13, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Mar 24, 26 | JP Morgan | DOWNGRADE | Overweight | Neutral |
| Oct 24, 25 | Argus Research | MAINTAINED | Buy | Buy |
| Oct 24, 25 | Barclays | MAINTAINED | Overweight | Overweight |
Dividends & splits
Forward rate$2.93 / yr
Forward yield1.39%
5-year avg yield1.35%
Payout ratio37.70%
Ex-dividend dateMay 5, 2026
Next pay dateMay 15, 2026
Last split4:1
Split dateJul 28, 1998
SEC filings
Offering Registrations
S-8 · 2026-08-24
Corporate Changes & Voting Matters
6-K · 2026-07-28
Annual report of employee stock purchase
11-K · 2026-06-10
Corporate Changes & Voting Matters
6-K · 2026-05-08
Corporate Changes & Voting Matters
6-K · 2026-04-28
Corporate Changes & Voting Matters
6-K · 2026-04-21
Periodic Financial Reports
20-F · 2026-02-26
Corporate Changes & Voting Matters
6-K · 2026-02-03
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.