SAP (ADR) (SAP)
Connects enterprise processes through cloud ERP, data, integration, and AI software.
Something off on this page? Send us feedback.
Sells cloud ERP and line-of-business applications spanning core enterprise processes. Cloud subscriptions now provide the largest revenue stream, alongside software licenses, support, and services.
Connects finance, people, procurement, commerce, customer data, and other business processes through S/4HANA Cloud and line-of-business applications. Business Technology Platform supports integration and extensions, Business Data Cloud supplies governed data, and Joule provides the AI experience and workflow layer.
Earns mainly from recurring cloud subscriptions, with software licenses, support, consulting, and premium services completing the model. Built in Germany and expanded internationally, the portfolio is organized around standardized software that integrates functions and processes operational data in real time.
Execution centers on moving legacy ERP customers through RISE while GROW targets new cloud-suite customers. The transition depends on customer migration to S/4HANA Cloud, continued adoption of the broader suite, compliance duties under a U.S. deferred prosecution agreement, and a pending European Commission review of on-premise ERP support practices.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Argus Research | Target | Target: — | Target: $265 |
| Aug 26, 2026 | UBS | Downgrade | ||
| Jul 27, 2026 | Barclays | Reiterate | Rating: —Target: $255 | Target: $242 |
| Jul 24, 2026 | BMO Capital | Reiterate | Rating: —Target: $200 | Target: $177 |
| Jul 21, 2026 | Barclays | Reiterate | Rating: —Target: $257 | Target: $255 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $13.32B · Total debt $11.39B · Total assets $86.62B · Shareholders' equity $51.26B
- Revenue
- $11.32B
- Operating income
- $3.04B
- Net income
- $2.50B
Reported in EUR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 6.86% | 84.31M ADS | |
|---|---|---|---|
| 865 holders · as of Jun 30, 2026 | |||
| Insiders | 6.08% | 74.74M ADS | |
| 1 holder · as of Feb 14, 2022 | |||
| Other | 87.06% | 1.07B ADS | |
| remainder | |||
1.23B ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Dr. Hasso PlattnerInsider | 6.08% | 74.74M | filed Feb 14, 2022 |
Fisher Asset Management, LLCInstitution | 1.22% | 14.93M ADS | as of Jun 30, 2026 |
Eagle Capital Management LLCInstitution | 0.70% | 8.64M ADS | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 0.49% | 6.02M ADS | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 0.46% | 5.68M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Oracle
Broad rival across cloud ERP, applications, databases and infrastructure
- Microsoft
Enterprise applications, low-code, data and AI overlap
- Salesforce
CRM, commerce, customer data and agentic AI competitor
- Workday
Cloud HCM, finance, planning and spend management rival
- ServiceNow
Workflow automation, service management and enterprise AI overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| SAP (ADR) | $210.93 | +0.81% | $243.79B | 26.8 | 23.1 | 5.6 | +5.8% |
| Oracle | $152.60 | +2.72% | $427.95B | 23.3 | 17.9 | 6.0 | +29.6% |
| Microsoft | $500.21 | −0.28% | $3.72T | 27.9 | 25.5 | 11.2 | +17.8% |
| Salesforce | $238.07 | +0.70% | $193.63B | 21.6 | 16.2 | 4.4 | +10.8% |
| Workday | $192.82 | +0.47% | $50.27B | 38.9 | 16.0 | 4.9 | +12.8% |
| ServiceNow | $138.01 | +0.24% | $142.34B | 86.0 | 30.4 | 9.7 | +24.0% |
| Median | 27.9 | 17.9 | 6.0 | +17.8% |