Operating CF
€8.86B
Capex
−€805.45M
Free Cash Flow
€8.06B
FCF Margin
+90.9%
Cash flow waterfall for SAP (SAP) — TTM through Q1 2026
Free cash flow: €8.06B
Cash flow breakdown for SAP (SAP) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | €8.86B | €8.86B |
| Capital Expenditure | −€805.45M | €8.06B |
| Free Cash Flow | €8.06B | €8.06B |
| Acquisitions | −€655.07M | €7.40B |
| Other Investing | €1.18B | €8.58B |
| Share Buybacks | −€4.00B | €4.58B |
| Dividends Paid | −€2.65B | €1.93B |
| Net Debt Change | −€2.54B | −€610.61M |
| Other Financing | −€737.08M | −€1.35B |
| Forex Effect | −€354.17M | −€1.70B |
| Net Cash Decrease | −€1.70B | −€1.70B |
- Operating Cash Flow€8.86B
- Capital Expenditure−€805.45M
- Free Cash Flow€8.06B
- Acquisitions−€655.07M
- Other Investing€1.18B
- Share Buybacks−€4.00B
- Dividends Paid−€2.65B
- Net Debt Change−€2.54B
- Other Financing−€737.08M
- Forex Effect−€354.17M
- Net Cash Decrease−€1.70B
Want to see what drove the FCF change?Free Cash Flow Bridge
Frequently asked questions
Data & methodology
SAP (SAP) Key Financials
Charts, filings, and peer comparison for every metric
Income Statement
Balance Sheet
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement