SAP SE ADS (SAP) Releases Q4 2025 Earnings: Strong Revenue and Profit Growth but Operating Cash Flow Slumps

SAP SE ADS (ticker: SAP) reported fourth-quarter 2025 results showing robust top-line and profit growth alongside mixed cash-flow signals.

Key results:

Total revenue: $11.4 billion (up 42.98% year-over-year).

Gross profit: $8.3 billion (up 30.20% year-over-year).

Operating profit: $3.0 billion (up 57.36% year-over-year).

Net income attributable to common shareholders: $2.2 billion (up 39.85% year-over-year).

Diluted earnings per share: $1.84 (up 29.58% year-over-year).

Additional income statement detail:

Cost of sales: $3.1 billion (up 40.49% year-over-year).

Cash-flow and balance-sheet highlights:

Cash from operating activities: $1.5 billion (down 72.02% year-over-year).

Purchases of property, plant and equipment: -$211.0 million (down 12.55% year-over-year).

Cash and cash equivalents: $9.6 billion (down 3.55% year-over-year).

Total liabilities: $29.5 billion (down 0.52% year-over-year).

In summary, SAP (SAP) delivered strong revenue and profit expansion in Q4 2025, while operating cash flow contracted sharply and the balance sheet remained broadly stable.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

SAP SE ADS Hedge Fund Activity

We have seen 443 institutional investors add shares of SAP SE ADS stock to their portfolio, and 491 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 2,091,585 shares (-23.2%) from their portfolio in Q3 2025, for an estimated $558,892,427
WINDACRE PARTNERSHIP LLC added 1,336,325 shares (+130.9%) to their portfolio in Q3 2025, for an estimated $357,079,403
MORGAN STANLEY added 1,051,011 shares (+30.2%) to their portfolio in Q3 2025, for an estimated $280,840,649
TD ASSET MANAGEMENT INC removed 992,065 shares (-66.3%) from their portfolio in Q3 2025, for an estimated $265,089,688
D. E. SHAW & CO., INC. added 921,031 shares (+inf%) to their portfolio in Q3 2025, for an estimated $246,108,693
SUSTAINABLE GROWTH ADVISERS, LP added 773,720 shares (+1126.3%) to their portfolio in Q3 2025, for an estimated $206,745,721
M&T BANK CORP added 768,725 shares (+1582.7%) to their portfolio in Q4 2025, for an estimated $186,730,989

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

SAP SE ADS Government Contracts

We have seen $32,006,742 of award payments to $SAP over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

DEFENSE COMMISSARY AGENCY (DECA) ELECTRONIC BUSINESS SYSTEM DELIVERY ORDER UNDER SAP NATIONAL SECURITY SERV...: $12,499,997
SAP MAXSECURE SUPPORT SERVICES: $3,929,077
E-GOVERNMENT TRAVEL SERVICES: $3,356,098
IGF::CT::IGF - TRAVEL MANAGEMENT SERVICES: $1,853,222
CONCURGOV TRAVEL SYSTEM SUPPORT ETS2 TASK ORDER: $1,814,914

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

SAP SE ADS Congressional Stock Trading

Members of Congress have traded $SAP stock 10 times in the past 6 months. Of those trades, 4 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $SAP stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 10/21 and 1 sale worth up to $15,000 on 11/07.
REPRESENTATIVE LISA C. MCCLAIN has traded it 7 times. They made 3 purchases worth up to $45,000 on 10/30, 09/25, 08/04 and 4 sales worth up to $60,000 on 10/31, 10/30, 10/14, 08/13.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

SAP SE ADS Analyst Ratings

Wall Street analysts have issued reports on $SAP in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Scotiabank issued a "Sector Outperform" rating on 11/10/2025
Barclays issued a "Overweight" rating on 10/24/2025
Argus Research issued a "Buy" rating on 10/24/2025

To track analyst ratings and price targets for SAP SE ADS, check out Quiver Quantitative's $SAP forecast page.

SAP SE ADS Price Targets

Multiple analysts have issued price targets for $SAP recently. We have seen 6 analysts offer price targets for $SAP in the last 6 months, with a median target of $320.0.

Here are some recent targets:

John Zamparo from Scotiabank set a target price of $44.0 on 01/15/2026
Joseph Bonner from Argus Research set a target price of $320.0 on 10/24/2025
Raimo Lenschow from Barclays set a target price of $348.0 on 10/24/2025
Patrick Walravens from JMP Securities set a target price of $375.0 on 10/23/2025
Keith Bachman from BMO Capital set a target price of $320.0 on 10/23/2025
Michael Van Aelst from TD Cowen set a target price of $38.0 on 10/09/2025