Gross Margin

73.6%
Current
Improving
by 0.6%
vs 3-y average of 73%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
73.6%
=
Gross Profit
€27.1B
/
Revenue
€36.8B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
73.6%
=
Gross Profit
€27.1B
/
Revenue
€36.8B

Peer Comparison

Country Company Market Cap Gross
Margin
DE
SAP SE
XETRA:SAP
194.7B EUR
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US
Microsoft Corp
NASDAQ:MSFT
3T USD
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US
Oracle Corp
NYSE:ORCL
425.6B USD
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US
International Business Machines Corp
NYSE:IBM
222.7B USD
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US
Salesforce Inc
NYSE:CRM
180.8B USD
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US
Adobe Inc
NASDAQ:ADBE
107.5B USD
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US
Intuit Inc
NASDAQ:INTU
105.9B USD
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CA
Constellation Software Inc
TSX:CSU
52.8B CAD
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US
Workday Inc
NASDAQ:WDAY
35B USD
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US
Ezenia! Inc
OTC:EZEN
567B USD
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US
Palantir Technologies Inc
NASDAQ:PLTR
319.2B USD
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Market Distribution

Higher than 79% of companies in Germany
Percentile
79th
Based on 3 457 companies
79th percentile
73.6%
Low
-5 776.5% — 29.1%
Typical Range
29.1% — 60.9%
High
60.9% — 184.7%
Distribution Statistics
Germany
Min -5 776.5%
30th Percentile 29.1%
Median 44.6%
70th Percentile 60.9%
Max 184.7%

SAP SE
Glance View

SAP SE, launched in the early 1970s by five former IBM employees, transformed Germany's technology landscape with its pioneering approach to enterprise resource planning (ERP) software. The founders, envisioning a solution to optimize business processes, created a system that seamlessly integrated various functions like finance, human resources, and logistics into a single platform. This innovative approach allowed companies to enhance efficiency, transparency, and decision-making capabilities. Over the decades, SAP has not only refined its core ERP applications but has also expanded its suite with a wide range of business software solutions, including supply chain management, customer relationship management, and data analytics, leveraging the power of cloud computing to solidify its place as a dominant force in the global software market. SAP's revenue model hinges on licensing fees for its software products and subscription-based services. Its traditional on-premise solutions require an upfront investment for licenses and ongoing maintenance fees, while its cloud offerings cater to businesses looking for scalable, pay-as-you-go solutions. Furthermore, SAP generates revenue through professional services, advisory roles, and support plans, providing clients with implementation, customization, and continuous assistance. By maintaining strong relationships with its expansive ecosystem of partners, SAP ensures that its software continues to evolve and adapt to the ever-changing demands of today's digital economy, cementing its status as a crucial backbone for enterprises worldwide.

SAPA Intrinsic Value
193.01 EUR
Undervaluation 11%
Intrinsic Value
Price
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
73.6%
=
Gross Profit
€27.1B
/
Revenue
€36.8B
What is SAP SE's current Gross Margin?

The current Gross Margin for SAP SE is 73.6%, which is above its 3-year median of 73%.

How has Gross Margin changed over time?

Over the last 3 years, SAP SE’s Gross Margin has increased from 73.1% to 73.6%. During this period, it reached a low of 72.4% on Dec 31, 2023 and a high of 73.8% on Sep 30, 2025.

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