Buyback yield (TTM)
2.32%
Shareholder yield (TTM)
3.86%
5Y share count change
-0.6%
Buyback spend (TTM)
$4.63B
Cumulative buybacks
$14.76B
Key takeaways
- SAP (SAP) repurchased about $4.63B of stock over the trailing twelve months.
- Diluted share count is roughly flat (-0.6%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 3.21× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +4.5% per year over the latest 5-year window.
- TTM repurchases used about 74% of free cash flow remaining after dividends.
Dividend & buyback yield over time for SAP (SAP)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for SAP (SAP)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for SAP (SAP)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for SAP (SAP)
Latest: $2.17B
Overview
SAP (SAP) most recent annual buyback spend stands at $1.86B (2025) – edged down 3.6% year-over-year.
Looking at the 2020–2025 (5 years) stretch, SAP buyback spend compounded at +4.0% per year, with mixed annual results across the window.
SAP buyback spend peaked at $2.25B in 2024; the latest annual figure is $1.86B in 2025 (17.2% below peak).
Across the available history, buyback spend reached its high of $2.25B in 2024 and its low of $0.00 in 1996.
SAP Buyback Spend 2025: $2.17B
In 2025, SAP reported buyback spend of $2.17B, declined 11.7% below 2024.
SAP Buyback Spend 2024: $2.25B
SAP buyback spend in 2024 was $2.25B, surged 121.9% from 2023. This figure represents the highest annual value in the available history.
SAP Buyback Spend 2023: $1.02B
2023's buyback spend for SAP came in at $1.02B, plunged 36.7% below 2022.
SAP Buyback Spend 2022: $1.53B
SAP buyback spend in 2022 was $1.53B.
SAP Buyback Spend 2021: $0.00
SAP buyback spend in 2021 was $0.00.
See more financial history for SAP (SAP).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $2.17B | $0.00 | $2.17B | 0.77% | 1.18B | -0.4% | |
| 2024 | $2.25B | $0.00 | $2.25B | 0.76% | 1.18B | 0.0% | |
| 2023 | $1.02B | $2.39B | −$1.37B | 0.58% | 1.18B | +0.4% | |
| 2022 | $1.53B | $1.46B | $70.51M | 1.33% | 1.18B | -0.4% | |
| 2021 | $0.00 | $1.53B | −$1.53B | — | 1.18B | -0.2% | |
| 2020 | $1.78B | $1.29B | $486.51M | 1.18% | 1.18B | -1.0% | |
| 2019 | $0.00 | $2.01B | −$2.01B | — | 1.19B | 0.0% | |
| 2018 | $0.00 | $946.76M | −$946.76M | — | 1.19B | -0.3% | |
| 2017 | $588.77M | $1.32B | −$730.07M | 0.45% | 1.20B | -0.1% | |
| 2016 | $0.00 | $846.41M | −$846.41M | — | 1.20B | +0.1% | |
| 2015 | $0.00 | $792.74M | −$792.74M | — | 1.20B | 0.0% | |
| 2014 | $0.00 | $362.25M | −$362.25M | — | 1.20B | +0.3% | |
| 2013 | $0.00 | $445.19M | −$445.19M | — | 1.20B | +0.3% | |
| 2012 | $68.75M | $677.13M | −$608.38M | 0.07% | 1.19B | +0.2% | |
| 2011 | $331.42M | $0.00 | $331.42M | 0.51% | 1.19B | +0.2% | |
| 2010 | $298.71M | $0.00 | $298.71M | 0.49% | 1.19B | 0.0% | |
| 2009 | $0.00 | $13.29M | −$13.29M | — | 1.19B | -0.3% | |
| 2008 | $642.34M | $0.00 | $642.34M | 1.58% | 1.19B | -1.6% | |
| 2007 | $1.46B | $0.00 | $1.46B | 2.41% | 1.21B | -1.8% | |
| 2006 | $1.48B | $0.00 | $1.48B | 2.36% | 1.23B | -1.5% | |
| 2005 | $539.23M | $0.00 | $539.23M | 0.96% | 1.25B | +0.6% | |
| 2004 | $139.56M | $0.00 | $139.56M | 0.27% | 1.24B | +0.2% | |
| 2003 | $104.81M | $0.00 | $104.81M | 0.22% | 1.24B | -1.3% | |
| 2002 | $279.76M | $0.00 | $279.76M | 1.21% | 1.26B | +0.1% | |
| 2001 | $84.59M | $0.00 | $84.59M | 0.21% | 1.26B | -0.1% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 1.26B | +0.2% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 1.25B | +0.1% | |
| 1998 | $766.12K | $0.00 | $766.12K | — | 1.25B | +0.1% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 1.25B | 0.0% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 1.25B | — |
- 2025$2.17B
- 2024$2.25B
- 2023$1.02B
- 2022$1.53B
- 2021$0.00
- 2020$1.78B
- 2019$0.00
- 2018$0.00
- 2017$588.77M
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$68.75M
- 2011$331.42M
- 2010$298.71M
- 2009$0.00
- 2008$642.34M
- 2007$1.46B
- 2006$1.48B
- 2005$539.23M
- 2004$139.56M
- 2003$104.81M
- 2002$279.76M
- 2001$84.59M
- 2000$0.00
- 1999$0.00
- 1998$766.12K
- 1997$0.00
- 1996$0.00
Buybacks vs stock-based compensation for SAP (SAP)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.21×.
Buybacks vs dividends (share of cash returned) for SAP (SAP)
How SAP splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as SAP, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $6.32B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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