TTM
21.6%
YoY change
+8.63pp
Trough year (1997)
4.3%
Peak year (2009)
26.3%
Latest annual
21.6%
FCF Margin history chart for SAP (SAP) from 1996 to 2025
Latest: 21.6%
FCF Margin change chart for SAP (SAP) from 1996 to 2025
Latest: +8.63pp
FCF Margin history table for SAP (SAP) from 1996 to 2025
| 2025 | 21.6% | +8.63pp | ||
| 2024 | 12.9% | -4.83pp | ||
| 2023 | 17.8% | +1.61pp | ||
| 2022 | 16.2% | -4.32pp | ||
| 2021 | 20.5% | -2.84pp | ||
| 2020 | 23.3% | +13.60pp | ||
| 2019 | 9.7% | -1.79pp | ||
| 2018 | 11.5% | -4.55pp | ||
| 2017 | 16.1% | -0.37pp | ||
| 2016 | 16.4% | +2.00pp | ||
| 2015 | 14.4% | -1.72pp | ||
| 2014 | 16.2% | -3.27pp | ||
| 2013 | 19.4% | +0.26pp | ||
| 2012 | 19.2% | -4.23pp | ||
| 2011 | 23.4% | +2.38pp | ||
| 2010 | 21.0% | -5.32pp | ||
| 2009 | 26.3% | +10.63pp | ||
| 2008 | 15.7% | +0.70pp | ||
| 2007 | 15.0% | -0.75pp | ||
| 2006 | 15.8% | -0.06pp | ||
| 2005 | 15.8% | -5.67pp | ||
| 2004 | 21.5% | +3.99pp | ||
| 2003 | 17.5% | -1.08pp | ||
| 2002 | 18.6% | +10.26pp | ||
| 2001 | 8.3% | +2.03pp | ||
| 2000 | 6.3% | +0.74pp | ||
| 1999 | 5.6% | +0.04pp | ||
| 1998 | 5.5% | +1.24pp | ||
| 1997 | 4.3% | -8.72pp | ||
| 1996 | 13.0% | — |
- 202521.6%+8.63pp
- 202412.9%-4.83pp
- 202317.8%+1.61pp
- 202216.2%-4.32pp
- 202120.5%-2.84pp
- 202023.3%+13.60pp
- 20199.7%-1.79pp
- 201811.5%-4.55pp
- 201716.1%-0.37pp
- 201616.4%+2.00pp
- 201514.4%-1.72pp
- 201416.2%-3.27pp
- 201319.4%+0.26pp
- 201219.2%-4.23pp
- 201123.4%+2.38pp
- 201021.0%-5.32pp
- 200926.3%+10.63pp
- 200815.7%+0.70pp
- 200715.0%-0.75pp
- 200615.8%-0.06pp
- 200515.8%-5.67pp
- 200421.5%+3.99pp
- 200317.5%-1.08pp
- 200218.6%+10.26pp
- 20018.3%+2.03pp
- 20006.3%+0.74pp
- 19995.6%+0.04pp
- 19985.5%+1.24pp
- 19974.3%-8.72pp
- 199613.0%—
FCF Margin values are taken from SAP's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in EUR as filed.
About FCF Margin at SAP (SAP)
According to SAP's latest reported financial statements, the company's latest reported free cash flow margin is 21.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of SAP (SAP) free cash flow margin is 21.57% – expanded 8.6 percentage points year-over-year.
2009 marks the peak free cash flow margin at 26.34%, with the historical low of 4.27% recorded in 1997.
SAP FCF Margin by Year
SAP FCF Margin 2025: 21.6%
In 2025, SAP reported free cash flow margin of 21.57%, expanded 8.6 percentage points from 2024.
SAP FCF Margin 2024: 12.9%
SAP free cash flow margin in 2024 was 12.94%, contracted 4.8 percentage points from 2023.
SAP FCF Margin 2023: 17.8%
2023's free cash flow margin for SAP came in at 17.77%, expanded 1.6 percentage points from 2022.
SAP FCF Margin 2022: 16.2%
SAP posted free cash flow margin of 16.17% in 2022, contracted 4.3 percentage points from 2021.
SAP FCF Margin 2021: 20.5%
SAP free cash flow margin in 2021 was 20.49%.
See more financial history for SAP (SAP).
Sector peers by FCF Margin
Technology peers of SAP (SAP), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% |
- 47.0%
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
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