Sap Se annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sap Se Net Debt Growth & History (SAP)
Sap Se's net debt was −€386.0M for fiscal 2025.
View full Sap Se company overviewSap Se annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −€386.0M | −€1.88B | — |
| 2024 | 2024-12-31 | €1.49B | €239.0M | +19.09% |
| 2023 | 2023-12-31 | €1.25B | −€3.64B | −74.43% |
| 2022 | 2022-12-31 | €4.90B | −€1.44B | −22.76% |
| 2021 | 2021-12-31 | €6.34B | −€3.75B | −37.19% |
| 2020 | 2020-12-31 | €10.09B | −€465.0M | −4.40% |
| 2019 | 2019-12-31 | €10.56B | €7.85B | +290.42% |
| 2018 | 2018-12-31 | €2.70B | €451.0M | +20.02% |
| 2017 | 2017-12-31 | €2.25B | −€1.87B | −45.36% |
| 2016 | 2016-12-31 | €4.12B | — | — |
Sap Se quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −€4.0M | −€808.0M | — |
| Q1 2026 | 2026-03-31 | −€1.79B | — | — |
| Q4 2025 | 2025-12-31 | −€386.0M | −€1.88B | — |
| Q3 2025 | 2025-09-30 | €567.0M | — | — |
| Q2 2025 | 2025-06-30 | €804.0M | — | — |
| Q4 2024 | 2024-12-31 | €1.49B | €239.0M | +19.09% |
| Q4 2023 | 2023-12-31 | €1.25B | −€3.64B | −74.43% |
| Q4 2022 | 2022-12-31 | €4.90B | −€1.44B | −22.76% |
| Q4 2021 | 2021-12-31 | €6.34B | −€3.75B | −37.19% |
| Q4 2020 | 2020-12-31 | €10.09B | −€465.0M | −4.40% |
| Q4 2019 | 2019-12-31 | €10.56B | €7.85B | +290.42% |
| Q4 2018 | 2018-12-31 | €2.70B | €451.0M | +20.02% |
| Q4 2017 | 2017-12-31 | €2.25B | — | — |
Sap Se net debt trends
Over the last five fiscal years, Sap Se's net debt decreased from €10.09B to −€386.0M, a change of −€10.48B. The latest reported quarter, Q2 2026, shows −€4.0M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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