SAP (SAP) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -17.2% | +0.2% | -15.0% | -1.0% | +8.6% | -15.2% | +20.7% | — | — | — | — | — |
| 2025 | +12.1% | -0.4% | -2.4% | +8.8% | +4.6% | +0.4% | -5.7% | -5.1% | -1.8% | -2.7% | -7.0% | +0.5% |
| 2024 | +12.0% | +8.5% | +3.8% | -7.1% | +1.9% | +10.6% | +4.9% | +3.8% | +4.3% | +2.0% | +1.7% | +3.6% |
| 2023 | +14.9% | -4.0% | +11.2% | +6.9% | -2.0% | +4.9% | -0.3% | +2.5% | -7.4% | +3.6% | +18.7% | -2.8% |
| 2022 | -10.6% | -10.1% | -1.4% | -9.2% | +2.0% | -9.1% | +2.7% | -8.6% | -4.7% | +18.2% | +15.4% | -6.9% |
| 2021 | -3.2% | -2.3% | -0.5% | +14.0% | +1.6% | +0.4% | +2.3% | +4.5% | -10.1% | +7.2% | -11.3% | +9.1% |
| 2020 | -2.4% | -5.5% | -10.6% | +7.3% | +9.6% | +9.3% | +13.7% | +3.9% | -5.8% | -31.4% | +13.4% | +7.6% |
| 2019 | +3.9% | +3.6% | +7.8% | +11.6% | -3.2% | +11.1% | -10.1% | -3.2% | -1.1% | +12.5% | +2.5% | -1.4% |
| 2018 | +0.8% | -7.7% | +0.6% | +5.4% | +3.3% | +2.5% | +0.3% | +3.2% | +2.7% | -12.8% | -3.3% | -4.0% |
| 2017 | +5.9% | +1.8% | +5.3% | +2.1% | +8.8% | -2.7% | +1.1% | -0.9% | +4.5% | +4.2% | -0.7% | -0.9% |
| 2016 | +0.9% | -5.6% | +6.7% | -2.2% | +4.9% | -7.5% | +16.5% | +0.7% | +3.9% | -3.9% | -5.3% | +3.9% |
| 2015 | -6.2% | +7.4% | +2.8% | +4.9% | -0.8% | -5.0% | +2.1% | -6.2% | -3.7% | +21.5% | +0.4% | +0.1% |
| 2014 | -12.3% | +5.1% | +1.3% | -0.4% | -3.8% | +0.6% | +1.9% | -0.7% | -7.4% | -5.6% | +3.2% | -0.9% |
| 2013 | +2.0% | -4.7% | +3.0% | -0.9% | -6.7% | -0.8% | +0.1% | +1.3% | +0.1% | +6.0% | +5.6% | +5.3% |
| 2012 | +14.2% | +11.8% | +3.3% | -5.1% | -11.3% | +3.6% | +6.7% | +3.6% | +8.6% | +2.2% | +7.0% | +3.1% |
| 2011 | +14.4% | +4.3% | +1.6% | +5.2% | -2.4% | -2.5% | +2.9% | -12.6% | -7.2% | +19.3% | -0.7% | -11.7% |
| 2010 | -3.2% | -1.6% | +8.1% | -1.5% | -10.6% | +6.0% | +3.6% | -5.1% | +13.2% | +4.9% | -9.3% | +7.8% |
| 2009 | -2.3% | -9.1% | +9.8% | +7.9% | +15.7% | -7.3% | +17.6% | +3.2% | +0.2% | -7.4% | +5.7% | -2.2% |
| 2008 | -6.5% | -0.6% | +4.6% | +1.3% | +10.2% | -4.5% | +10.9% | -3.0% | -4.7% | -33.9% | -3.4% | +6.1% |
| 2007 | -12.7% | -0.7% | -3.0% | +7.5% | +0.8% | +7.0% | +5.6% | +0.3% | +8.5% | -7.5% | -5.6% | -0.3% |
| 2006 | +14.0% | -0.5% | +6.3% | +0.6% | -2.9% | -0.2% | -13.1% | +4.6% | +3.7% | +0.3% | +5.2% | +1.7% |
| 2005 | -12.4% | +4.7% | -1.2% | -1.6% | +5.5% | +5.0% | -1.1% | -0.4% | +1.6% | -0.9% | +5.1% | -0.2% |
| 2004 | -0.3% | -4.5% | -0.7% | -5.2% | +9.1% | +3.5% | -4.3% | -8.8% | +6.8% | +9.5% | +4.3% | -0.6% |
| 2003 | +20.5% | -11.0% | -9.3% | +34.6% | +12.3% | +2.6% | +0.4% | +2.0% | +1.5% | +20.2% | +5.5% | +7.8% |
| 2002 | +9.8% | -2.5% | +8.9% | -12.4% | -20.6% | -5.9% | -23.0% | +2.9% | -41.5% | +70.1% | +16.3% | -12.4% |
| 2001 | +41.4% | -18.8% | -25.1% | +39.0% | -12.6% | -0.0% | +2.8% | -4.4% | -24.9% | -0.8% | +20.7% | +2.9% |
| 2000 | +25.2% | +9.4% | -16.2% | -17.8% | -12.5% | +9.5% | +18.8% | +15.1% | -4.2% | -17.1% | -34.8% | +1.3% |
| 1999 | -5.9% | -5.7% | -17.8% | +19.2% | +7.4% | +3.2% | -8.5% | +4.1% | +14.4% | -3.2% | -8.2% | +55.2% |
| 1998 | +15.3% | +12.2% | +4.0% | +21.0% | +7.3% | +24.1% | +8.6% | -31.9% | -7.0% | +8.0% | +0.6% | -14.8% |
| 1997 | +12.9% | -2.9% | +10.8% | +8.9% | +4.0% | +12.6% | +17.0% | -5.0% | +15.3% | +12.5% | +3.1% | +3.2% |
| 1996 | -3.4% | +4.6% | -6.5% | -9.1% | +3.4% | +13.6% | -4.0% | +15.6% | +2.3% | -19.8% | +2.3% | 0.0% |
| 1995 | — | — | — | — | — | — | — | — | — | -5.9% | +3.6% | -4.4% |
| Avg | +3.9% | -0.8% | -0.3% | +4.3% | +1.0% | +2.2% | +2.3% | -0.8% | -1.3% | +2.2% | +1.6% | +1.8% |
| Median | +0.9% | -0.7% | +1.6% | +2.1% | +2.0% | +2.5% | +2.2% | +0.5% | +0.2% | +2.0% | +2.5% | +0.1% |
| Last 5Y Avg | +2.2% | -1.1% | -0.8% | -0.3% | +3.0% | -1.7% | +0.8% | -0.6% | -3.9% | +5.7% | +3.5% | +0.7% |
| Std Dev (σ) | 12.9% | 7.0% | 9.0% | 12.2% | 8.4% | 7.9% | 9.3% | 8.5% | 11.2% | 18.4% | 10.4% | 11.5% |
| Consistency (μ/σ) | 0.30 | -0.11 | -0.04 | 0.35 | 0.12 | 0.28 | 0.25 | -0.10 | -0.12 | 0.12 | 0.16 | 0.16 |
| Win Rate (%) | 55% | 39% | 58% | 58% | 61% | 61% | 70% | 53% | 53% | 55% | 65% | 52% |
| Winning / Losing Months | ▲17▼14 | ▲12▼19 | ▲18▼13 | ▲18▼13 | ▲19▼12 | ▲19▼12 | ▲21▼9 | ▲16▼14 | ▲16▼14 | ▲17▼14 | ▲20▼11 | ▲16▼15 |
| Longest Win / Loss Streak | ▲4▼4 | ▲2▼5 | ▲12▼3 | ▲5▼3 | ▲4▼6 | ▲5▼3 | ▲12▼3 | ▲2▼2 | ▲5▼5 | ▲4▼3 | ▲6▼3 | ▲3▼3 |
| Best | +41.4%in January 2001 | +12.2%in February 1998 | +11.2%in March 2023 | +39.0%in April 2001 | +15.7%in May 2009 | +24.1%in June 1998 | +18.8%in July 2000 | +15.6%in August 1996 | +15.3%in September 1997 | +70.1%in October 2002 | +20.7%in November 2001 | +55.2%in December 1999 |
| Worst | -17.2%in January 2026 | -18.8%in February 2001 | -25.1%in March 2001 | -17.8%in April 2000 | -20.6%in May 2002 | -15.2%in June 2026 | -23.0%in July 2002 | -31.9%in August 1998 | -41.5%in September 2002 | -33.9%in October 2008 | -34.8%in November 2000 | -14.8%in December 1998 |
-41.5%+70.1%
2026
Jan-17.2%
Feb+0.2%
Mar-15.0%
Apr-1.0%
May+8.6%
Jun-15.2%
Jul+20.7%
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+12.1%
Feb-0.4%
Mar-2.4%
Apr+8.8%
May+4.6%
Jun+0.4%
Jul-5.7%
Aug-5.1%
Sep-1.8%
Oct-2.7%
Nov-7.0%
Dec+0.5%
2024
Jan+12.0%
Feb+8.5%
Mar+3.8%
Apr-7.1%
May+1.9%
Jun+10.6%
Jul+4.9%
Aug+3.8%
Sep+4.3%
Oct+2.0%
Nov+1.7%
Dec+3.6%
2023
Jan+14.9%
Feb-4.0%
Mar+11.2%
Apr+6.9%
May-2.0%
Jun+4.9%
Jul-0.3%
Aug+2.5%
Sep-7.4%
Oct+3.6%
Nov+18.7%
Dec-2.8%
2022
Jan-10.6%
Feb-10.1%
Mar-1.4%
Apr-9.2%
May+2.0%
Jun-9.1%
Jul+2.7%
Aug-8.6%
Sep-4.7%
Oct+18.2%
Nov+15.4%
Dec-6.9%
2021
Jan-3.2%
Feb-2.3%
Mar-0.5%
Apr+14.0%
May+1.6%
Jun+0.4%
Jul+2.3%
Aug+4.5%
Sep-10.1%
Oct+7.2%
Nov-11.3%
Dec+9.1%
2020
Jan-2.4%
Feb-5.5%
Mar-10.6%
Apr+7.3%
May+9.6%
Jun+9.3%
Jul+13.7%
Aug+3.9%
Sep-5.8%
Oct-31.4%
Nov+13.4%
Dec+7.6%
2019
Jan+3.9%
Feb+3.6%
Mar+7.8%
Apr+11.6%
May-3.2%
Jun+11.1%
Jul-10.1%
Aug-3.2%
Sep-1.1%
Oct+12.5%
Nov+2.5%
Dec-1.4%
2018
Jan+0.8%
Feb-7.7%
Mar+0.6%
Apr+5.4%
May+3.3%
Jun+2.5%
Jul+0.3%
Aug+3.2%
Sep+2.7%
Oct-12.8%
Nov-3.3%
Dec-4.0%
2017
Jan+5.9%
Feb+1.8%
Mar+5.3%
Apr+2.1%
May+8.8%
Jun-2.7%
Jul+1.1%
Aug-0.9%
Sep+4.5%
Oct+4.2%
Nov-0.7%
Dec-0.9%
2016
Jan+0.9%
Feb-5.6%
Mar+6.7%
Apr-2.2%
May+4.9%
Jun-7.5%
Jul+16.5%
Aug+0.7%
Sep+3.9%
Oct-3.9%
Nov-5.3%
Dec+3.9%
2015
Jan-6.2%
Feb+7.4%
Mar+2.8%
Apr+4.9%
May-0.8%
Jun-5.0%
Jul+2.1%
Aug-6.2%
Sep-3.7%
Oct+21.5%
Nov+0.4%
Dec+0.1%
2014
Jan-12.3%
Feb+5.1%
Mar+1.3%
Apr-0.4%
May-3.8%
Jun+0.6%
Jul+1.9%
Aug-0.7%
Sep-7.4%
Oct-5.6%
Nov+3.2%
Dec-0.9%
2013
Jan+2.0%
Feb-4.7%
Mar+3.0%
Apr-0.9%
May-6.7%
Jun-0.8%
Jul+0.1%
Aug+1.3%
Sep+0.1%
Oct+6.0%
Nov+5.6%
Dec+5.3%
2012
Jan+14.2%
Feb+11.8%
Mar+3.3%
Apr-5.1%
May-11.3%
Jun+3.6%
Jul+6.7%
Aug+3.6%
Sep+8.6%
Oct+2.2%
Nov+7.0%
Dec+3.1%
2011
Jan+14.4%
Feb+4.3%
Mar+1.6%
Apr+5.2%
May-2.4%
Jun-2.5%
Jul+2.9%
Aug-12.6%
Sep-7.2%
Oct+19.3%
Nov-0.7%
Dec-11.7%
2010
Jan-3.2%
Feb-1.6%
Mar+8.1%
Apr-1.5%
May-10.6%
Jun+6.0%
Jul+3.6%
Aug-5.1%
Sep+13.2%
Oct+4.9%
Nov-9.3%
Dec+7.8%
2009
Jan-2.3%
Feb-9.1%
Mar+9.8%
Apr+7.9%
May+15.7%
Jun-7.3%
Jul+17.6%
Aug+3.2%
Sep+0.2%
Oct-7.4%
Nov+5.7%
Dec-2.2%
2008
Jan-6.5%
Feb-0.6%
Mar+4.6%
Apr+1.3%
May+10.2%
Jun-4.5%
Jul+10.9%
Aug-3.0%
Sep-4.7%
Oct-33.9%
Nov-3.4%
Dec+6.1%
2007
Jan-12.7%
Feb-0.7%
Mar-3.0%
Apr+7.5%
May+0.8%
Jun+7.0%
Jul+5.6%
Aug+0.3%
Sep+8.5%
Oct-7.5%
Nov-5.6%
Dec-0.3%
2006
Jan+14.0%
Feb-0.5%
Mar+6.3%
Apr+0.6%
May-2.9%
Jun-0.2%
Jul-13.1%
Aug+4.6%
Sep+3.7%
Oct+0.3%
Nov+5.2%
Dec+1.7%
2005
Jan-12.4%
Feb+4.7%
Mar-1.2%
Apr-1.6%
May+5.5%
Jun+5.0%
Jul-1.1%
Aug-0.4%
Sep+1.6%
Oct-0.9%
Nov+5.1%
Dec-0.2%
2004
Jan-0.3%
Feb-4.5%
Mar-0.7%
Apr-5.2%
May+9.1%
Jun+3.5%
Jul-4.3%
Aug-8.8%
Sep+6.8%
Oct+9.5%
Nov+4.3%
Dec-0.6%
2003
Jan+20.5%
Feb-11.0%
Mar-9.3%
Apr+34.6%
May+12.3%
Jun+2.6%
Jul+0.4%
Aug+2.0%
Sep+1.5%
Oct+20.2%
Nov+5.5%
Dec+7.8%
2002
Jan+9.8%
Feb-2.5%
Mar+8.9%
Apr-12.4%
May-20.6%
Jun-5.9%
Jul-23.0%
Aug+2.9%
Sep-41.5%
Oct+70.1%
Nov+16.3%
Dec-12.4%
2001
Jan+41.4%
Feb-18.8%
Mar-25.1%
Apr+39.0%
May-12.6%
Jun-0.0%
Jul+2.8%
Aug-4.4%
Sep-24.9%
Oct-0.8%
Nov+20.7%
Dec+2.9%
2000
Jan+25.2%
Feb+9.4%
Mar-16.2%
Apr-17.8%
May-12.5%
Jun+9.5%
Jul+18.8%
Aug+15.1%
Sep-4.2%
Oct-17.1%
Nov-34.8%
Dec+1.3%
1999
Jan-5.9%
Feb-5.7%
Mar-17.8%
Apr+19.2%
May+7.4%
Jun+3.2%
Jul-8.5%
Aug+4.1%
Sep+14.4%
Oct-3.2%
Nov-8.2%
Dec+55.2%
1998
Jan+15.3%
Feb+12.2%
Mar+4.0%
Apr+21.0%
May+7.3%
Jun+24.1%
Jul+8.6%
Aug-31.9%
Sep-7.0%
Oct+8.0%
Nov+0.6%
Dec-14.8%
1997
Jan+12.9%
Feb-2.9%
Mar+10.8%
Apr+8.9%
May+4.0%
Jun+12.6%
Jul+17.0%
Aug-5.0%
Sep+15.3%
Oct+12.5%
Nov+3.1%
Dec+3.2%
1996
Jan-3.4%
Feb+4.6%
Mar-6.5%
Apr-9.1%
May+3.4%
Jun+13.6%
Jul-4.0%
Aug+15.6%
Sep+2.3%
Oct-19.8%
Nov+2.3%
Dec0.0%
1995
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct-5.9%
Nov+3.6%
Dec-4.4%
Avg
Jan+3.9%
Feb-0.8%
Mar-0.3%
Apr+4.3%
May+1.0%
Jun+2.2%
Jul+2.3%
Aug-0.8%
Sep-1.3%
Oct+2.2%
Nov+1.6%
Dec+1.8%
Median
Jan+0.9%
Feb-0.7%
Mar+1.6%
Apr+2.1%
May+2.0%
Jun+2.5%
Jul+2.2%
Aug+0.5%
Sep+0.2%
Oct+2.0%
Nov+2.5%
Dec+0.1%
Last 5Y Avg
Jan+2.2%
Feb-1.1%
Mar-0.8%
Apr-0.3%
May+3.0%
Jun-1.7%
Jul+0.8%
Aug-0.6%
Sep-3.9%
Oct+5.7%
Nov+3.5%
Dec+0.7%
Std Dev (σ)
Jan12.9%
Feb7.0%
Mar9.0%
Apr12.2%
May8.4%
Jun7.9%
Jul9.3%
Aug8.5%
Sep11.2%
Oct18.4%
Nov10.4%
Dec11.5%
Consistency (μ/σ)
Jan0.30
Feb-0.11
Mar-0.04
Apr0.35
May0.12
Jun0.28
Jul0.25
Aug-0.10
Sep-0.12
Oct0.12
Nov0.16
Dec0.16
Win Rate (%)
Jan55%
Feb39%
Mar58%
Apr58%
May61%
Jun61%
Jul70%
Aug53%
Sep53%
Oct55%
Nov65%
Dec52%
Winning / Losing Months
Jan▲17▼14
Feb▲12▼19
Mar▲18▼13
Apr▲18▼13
May▲19▼12
Jun▲19▼12
Jul▲21▼9
Aug▲16▼14
Sep▲16▼14
Oct▲17▼14
Nov▲20▼11
Dec▲16▼15
Longest Win / Loss Streak
Jan▲4▼4
Feb▲2▼5
Mar▲12▼3
Apr▲5▼3
May▲4▼6
Jun▲5▼3
Jul▲12▼3
Aug▲2▼2
Sep▲5▼5
Oct▲4▼3
Nov▲6▼3
Dec▲3▼3
Best
Jan+41.4%2001
Feb+12.2%1998
Mar+11.2%2023
Apr+39.0%2001
May+15.7%2009
Jun+24.1%1998
Jul+18.8%2000
Aug+15.6%1996
Sep+15.3%1997
Oct+70.1%2002
Nov+20.7%2001
Dec+55.2%1999
Worst
Jan-17.2%2026
Feb-18.8%2001
Mar-25.1%2001
Apr-17.8%2000
May-20.6%2002
Jun-15.2%2026
Jul-23.0%2002
Aug-31.9%1998
Sep-41.5%2002
Oct-33.9%2008
Nov-34.8%2000
Dec-14.8%1998
-41.5%+70.1%
Frequently asked questions
Data & methodology
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Income Statement
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Deep-dives across the income statement, cash flow, capital return, and valuation
Overview
Income Statement
Capital Return
- Buybacks1.87% TTM
- Dividend Profile1.58% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History1 split
How this company returns cash to shareholders — buybacks, dividends, and stock splits.