SAP earnings report

Source: Dukascopy Bank SA
In Q2 2025, SAP's business showed strong growth. Operating cash flow rose 71% to €2.58 billion, and free cash flow increased 83% to €2.36 billion. This was due to higher profits, better working capital, and lower tax and restructuring payments. For the first half of the year, operating cash flow reached €6.36 billion, and free cash flow was €5.94 billion. The company's effective tax rate was lower due to tax-exempt income and previous losses in Germany. SAP has nearly completed its €5 billion share buyback program, repurchasing €4.6 billion worth of shares so far. Its restructuring program, which ended in early 2025, cost €3.2 billion, with most of the payouts already made. SAP continued to gain new cloud customers worldwide and reported especially strong cloud growth in Asia and Europe. The company also extended its partnerships with Accenture, Palantir, and Alibaba to drive innovation in AI and cloud services. CEO Christian Klein's contract was extended to 2030, and CFO Dominik Asam's to 2028.



For 2025, SAP expects cloud revenue to grow up to 28% to around €21.9 billion. Total cloud and software revenue is expected to reach up to €33.6 billion, and operating profit could rise to €10.6 billion. Free cash flow is forecast at about €8 billion. Currency changes may slightly reduce these figures. On the non-financial side, SAP aims to improve employee engagement, customer satisfaction, and reduce its carbon emissions.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.