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SAP SE Earnings Calls
| Release date | Oct 22, 2025 |
| EPS estimate | $1.75 |
| EPS actual | $1.87 |
| EPS Surprise | 6.86% |
| Revenue estimate | 9.79B |
| Revenue actual | 10.65B |
| Revenue Surprise | 8.79% |
| Release date | Jul 22, 2025 |
| EPS estimate | $1.69 |
| EPS actual | $1.70 |
| EPS Surprise | 0.592% |
| Revenue estimate | 9.238B |
| Revenue actual | 10.629B |
| Revenue Surprise | 15.05% |
| Release date | Apr 22, 2025 |
| EPS estimate | $1.43 |
| EPS actual | $1.66 |
| EPS Surprise | 16.08% |
| Revenue estimate | 9.074B |
| Revenue actual | 9.881B |
| Revenue Surprise | 8.89% |
| Release date | Jan 28, 2025 |
| EPS estimate | $1.39 |
| EPS actual | $1.41 |
| EPS Surprise | 1.44% |
| Revenue estimate | 9.083B |
| Revenue actual | 9.71B |
| Revenue Surprise | 6.90% |
Last 4 Quarters for SAP SE
Below you can see how SAPGF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jan 28, 2025 |
| Price on release | $272.26 |
| EPS estimate | $1.39 |
| EPS actual | $1.41 |
| EPS surprise | 1.44% |
| Date | Price |
|---|---|
| Jan 22, 2025 | $272.60 |
| Jan 23, 2025 | $275.00 |
| Jan 24, 2025 | $274.70 |
| Jan 27, 2025 | $274.00 |
| Jan 28, 2025 | $272.26 |
| Jan 29, 2025 | $275.21 |
| Jan 30, 2025 | $277.60 |
| Jan 31, 2025 | $276.25 |
| Feb 03, 2025 | $272.14 |
| 4 days before | -0.125% |
| 4 days after | -0.0441% |
| On release day | 1.65% |
| Change in period | -0.169% |
| Release date | Apr 22, 2025 |
| Price on release | $252.86 |
| EPS estimate | $1.43 |
| EPS actual | $1.66 |
| EPS surprise | 16.08% |
| Date | Price |
|---|---|
| Apr 15, 2025 | $262.69 |
| Apr 16, 2025 | $259.00 |
| Apr 17, 2025 | $256.83 |
| Apr 21, 2025 | $247.55 |
| Apr 22, 2025 | $252.86 |
| Apr 23, 2025 | $270.51 |
| Apr 24, 2025 | $272.40 |
| Apr 25, 2025 | $275.78 |
| Apr 28, 2025 | $285.00 |
| 4 days before | -3.74% |
| 4 days after | 12.71% |
| On release day | 7.70% |
| Change in period | 8.49% |
| Release date | Jul 22, 2025 |
| Price on release | $306.31 |
| EPS estimate | $1.69 |
| EPS actual | $1.70 |
| EPS surprise | 0.592% |
| Date | Price |
|---|---|
| Jul 16, 2025 | $305.54 |
| Jul 17, 2025 | $308.25 |
| Jul 18, 2025 | $306.89 |
| Jul 21, 2025 | $306.90 |
| Jul 22, 2025 | $306.31 |
| Jul 23, 2025 | $292.36 |
| Jul 24, 2025 | $289.00 |
| Jul 25, 2025 | $287.36 |
| Jul 28, 2025 | $283.13 |
| 4 days before | 0.252% |
| 4 days after | -7.57% |
| On release day | -4.55% |
| Change in period | -7.33% |
| Release date | Oct 22, 2025 |
| Price on release | $273.52 |
| EPS estimate | $1.75 |
| EPS actual | $1.87 |
| EPS surprise | 6.86% |
| Date | Price |
|---|---|
| Oct 16, 2025 | $268.10 |
| Oct 17, 2025 | $271.19 |
| Oct 20, 2025 | $276.66 |
| Oct 21, 2025 | $280.00 |
| Oct 22, 2025 | $273.52 |
| Oct 23, 2025 | $277.65 |
| Oct 24, 2025 | $269.21 |
| Oct 27, 2025 | $273.00 |
| Oct 28, 2025 | $270.00 |
| 4 days before | 2.02% |
| 4 days after | -1.29% |
| On release day | 1.51% |
| Change in period | 0.709% |
SAP SE Earnings Call Transcript Summary of Q3 2025
Q3 2025 highlights: SAP reported strong execution with cloud revenue up 27% (5th consecutive quarter >25%), total revenue +11%, current cloud backlog +27% to ~€18.8bn, cloud gross margin ~75%, and free cash flow up 5% (operating profit +19% non‑IFRS). Cloud ERP suite continued to outperform, growing ~31% and driving most of cloud growth. Key customer wins (Alphabet, Ericsson, Lufthansa, Panasonic, Takeda, etc.) reinforced RISE, Business Data Cloud (BDC) and Business AI adoption. Management emphasised AI + apps + high‑quality enterprise data as the core value proposition (Joule Copilot, AI assistants, AI agents, BDC Connect partnerships with Google/Databricks), saying AI is accelerating both pipeline conversion and upsell/cross‑sell. SAP closed the SmartRecruiters acquisition and launched new sovereign/onsite cloud offerings for regulated customers. Guidance and outlook: management expects to land cloud revenue near the lower end of 2025 guidance due to early‑year delayed bookings, but raised confidence in accelerating total revenue growth through 2027 and now expects free cash flow above €8.0bn. Risks include Q4 booking seasonality, transactional business softness (Concur/travel), and remaining uncertainty around CCB exit rate, though management signalled improving pipeline momentum and stronger U.S. public‑sector engagement.
