SAP SE (SAP) Stock Price & Analysis
SAP SE (SAP) closed at USD 240.59 on Thursday, October 22, 2026, up 3.38% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 232.73; the Oct 22, 2026 session ranged USD 236.29–243.03 on volume of 5,186,561 shares. Market capitalization is $277.69B, with a 52-week range of USD 144.97–281.37 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SAP.md
Key facts (SAP)
- 7 of 80 tracked superinvestors hold SAP (13F, Q2 2026): 2 new, 3 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 1.94 on a 1–5 scale) (16 analysts), mean target USD 278.17 (range 258–333).
- Total return with dividends: 1Y -12.1% vs S&P 500 +14.9%; 5Y +84.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 2.16, revenue estimate $10.8B.
Superinvestors (SEC 13F-HR, Q2 2026) (SAP)
7 of 80 tracked investors hold SAP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Ruane Cunniff | Ruane Cunniff LP | 2.96% | $191M | Added +64.9% |
| First Pacific Advisors | 1.07% | $85.6M | New position | |
| Sarah Ketterer | Causeway Capital Management | 1.05% | $97.1M | Added +38.1% |
| Christopher Davis | Davis Advisors | 0.04% | $9.3M | Reduced -80.9% |
| Polen Capital | Polen Capital Management | 0.04% | $4.4M | Reduced -56.9% |
| Richard Pzena | Pzena Investment Management | <0.01% | $1.0M | New position |
| Bill Nygren | Oakmark Funds | <0.01% | $258K | Added +15.1% |
Analysts (SAP)
Consensus Buy (mean 1.94 on a 1–5 scale), 16 analysts; mean target USD 278.17 (low 258, high 333).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | BMO Capital | Target raised | Outperform | $235 → $265 |
| 2026-10-13 | Barclays | Target raised | Overweight | $242 → $243 |
| 2026-10-08 | BMO Capital | Target raised | Outperform | $177 → $235 |
| 2026-08-26 | UBS | Downgrade | Buy → Neutral | |
| 2026-07-27 | Barclays | Target lowered | Overweight | $255 → $242 |
| 2026-07-24 | BMO Capital | Target raised | Outperform | $175 → $177 |
| 2026-07-21 | Barclays | Target lowered | Overweight | $257 → $255 |
| 2026-07-17 | TD Cowen | Target lowered | Buy | $230 → $210 |
Total return (dividends reinvested) (SAP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -12.1% | +84.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -12.2% | +13.0% |
| Volatility (annualized) | 39.3% | 29.2% |
| Max drawdown | -46.5% (Oct 2025→Jul 2026) | -49.1% (Jun 2025→Jun 2026) |
Companies that name SAP in their SEC reports
| Relationship to SAP | Company | Filing | Sentence |
|---|---|---|---|
| customer | RADIANT LOGISTICS, INC (RLGT) | 10-K Sep 14, 2026 | “In our forwarding operations, we utilize SAP TM as our primary third-party transportation management system, which is integrated to our third-party accounting system (SAP ECC).” |
| supplier | OPEN TEXT CORP (OTEX) | 10-K Aug 6, 2026 | “•SAP SE (SAP): We partner with SAP on content services and our content products are embedded in the SAP infrastructure.” |
| customer | CINTAS CORP (CTAS) | 10-K Jul 29, 2026 | “In addition, we rely on software applications, enterprise cloud storage systems and cloud computing services provided by third-party vendors for certain information technology services, including our SAP enterprise system, payroll data, risk management data and lease data.” |
| competitor | ORACLE CORP (ORCL) | 10-K Jun 22, 2026 | “Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Amazon.com, Inc., Cisco Systems, Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce, Inc. and SAP SE, as well as other companies like Hewlett-Packa…” |
| partner | Quantumsphere Acquisition Corp (QUMS) | 10-K Jun 15, 2026 | “We granted SPAC Advisory Partners ("SAP"), the representative of the underwriters, a 45-day option from the date of IPO, to purchase up to 1,080,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions.” |
| partner | Infosys Ltd (INFY) | 20-F Jun 15, 2026 | “As a RISE with SAP Validated Partner, with multiple partner recognitions and as an acknowledged leader in SAP services by industry analysts, we help simplify clients' migration to SAP S/4HANA and delivers cost and performance optimization through comprehensive RISE with SAP and GROW with SAP offerings.” |
| partner | WIPRO LTD (WIT) | 20-F Jun 2, 2026 | “Our top strategic partners include hyperscalers, industry-leading platforms, and AI-native companies like Amazon Web Services, Microsoft, Google, IBM, SAP, ServiceNow, and NVIDIA.” |
| partner | Kyndryl Holdings, Inc. (KD) | 10-K May 29, 2026 | “We have several key partnerships, including with Amazon Web Services, Broadcom, Cisco, Dell, Dynatrace, Google Cloud, HPE, Microsoft, NVIDIA, Oracle, Palo Alto Networks, Red Hat, Rubrik, SAP and ServiceNow that accelerate market participation, joint solution development and investment in skills and certification enhancements for Kyndryl.” |
| partner | Dynatrace, Inc. (DT) | 10-K May 20, 2026 | “Our customers are also able to procure our software through leading marketplaces, such as AWS, Azure, SAP, and Google.” |
| customer | RedCloud Holdings plc (RCT) | 20-F May 15, 2026 | “including SAP, Oracle, Infor, and other smaller DMS vendors and suppliers.” |
| supplier | SCHMID Group N.V. (SHMD) | 20-F May 15, 2026 | “ET technology portfolio includes: (i) next generation production equipment which can be used for traditional board concepts typically produced with mSAP and SAP process; (ii) new high-end PCB or substrate which gives the designer of an OEM a new level of flexibility to redesign their products to meet higher performance requirements and (iii) urban, green fabrication facilities concept that allows high flexibility …” |
| partner | FORMULA SYSTEMS (1985) LTD (FORTY) | 20-F May 13, 2026 | “its existing strategic partnerships that include partnerships with Oracle, JD Edwards, SAP, Salesforce.com, Microsoft, AWS, GCP, IBM and” |
| competitor | ORANGEKLOUD TECHNOLOGY INC. (ORKT) | 20-F Apr 30, 2026 | “primarily compete with Low-Code development platforms sold by companies such as Outsystems Inc., Mendix Technology B.V., Appian, SAP” |
| competitor | Femto Technologies Inc. (FMTOF) | 20-F Apr 30, 2026 | “However, given BYND Israel's focus on the Israeli market, its main competitors for that market include SAP SE ("SAP"),” |
| customer | XP Inc. (XP) | 20-F Apr 29, 2026 | “We rely on a number of external service providers for certain key market information and data, technology, processing and supporting functions, such as Microsoft, SAP and Oracle, among others.” |
SAP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $2.16 | $2.35 | -7.9% | $10.76B | 5 |
| Next quarter (ends Mar 2027) | $2.21 | $2.27 | -2.7% | $10.66B | 4 |
| Current fiscal year (ends Dec 2026) | $8.06 | $8.25 | -2.3% | $40.40B | 10 |
| Next fiscal year (ends Dec 2027) | $9.54 | $9.72 | -1.9% | $45.22B | 10 |
SAP options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 38.0% | ±4.5% |
| Nov 6, 2026 | 14 | 35.4% | ±5.8% |
| Nov 13, 2026 | 21 | 36.2% | ±7.1% |
| Nov 20, 2026 | 28 | 34.7% | ±7.8% |
| Nov 27, 2026 | 35 | 34.4% | ±8.6% |
| Dec 4, 2026 | 42 | 34.6% | ±9.5% |
| Dec 18, 2026 | 56 | 34.5% | ±10.9% |
| Jan 15, 2027 | 84 | 33.2% | ±12.9% |
30-day implied volatility 34.2% vs 23.5% realized over the last 30 trading days. Put/call ratio (volume) 1.04. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 240.59 |
|---|---|
| Change | ▲ 3.38% (up) |
| Previous Close | USD 232.73 |
| Open | USD 237.06 |
| Day Range | USD 236.29 – 243.03 |
| 52-Week Range | USD 144.97 – 281.37 |
| Volume | 5,186,561 shares |
| Market Cap | $277.69B |
| Exchange | NYQ |
Technical Analysis (SAP)
Nexqual's technical model rates SAP "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 79.43 (overbought) |
| vs SMA50 | Above (USD 214.89) |
| MACD | 6.22 (positive) |
Analyst Ratings (SAP)
Wall Street analysts rate SAP "Buy" based on 16 analysts, with a mean price target of USD 278.17 (range USD 258–333), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 278.17 |
| High Target | USD 333 |
| Low Target | USD 258 |
| Buy / Hold / Sell | 13 / 3 / 0 |
Earnings (SAP)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 2.16 |
| Revenue Estimate | $10.76B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 2.12 vs est 2.09 ▲ beat |
| 2026-06-30 | USD 1.81 vs est 2 ▼ miss |
| 2026-03-31 | USD 2.01 vs est 1.92 ▲ beat |
| 2025-12-31 | USD 1.93 vs est 1.72 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (SAP)
| Total Revenue | $38.19B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.40% |
| Gross Margin | +73.66% |
| Operating Margin | +27.62% |
| Profit Margin | +20.41% |
| ROE | +18.32% |
| Debt / Equity | 0.22 |
| Current Ratio | 1.15 |
| Total Cash | $11.62B |
| Total Debt | $9.94B |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (SAP)
Nexqual rates SAP SE's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 74%, operating 28% (last 12 months) |
| Balance Sheet | Strong — EUR 11.6B cash vs EUR 9.94B debt, net cash position |
| Cash Flow | Solid — Operating cash flow EUR 9.46B (TTM) |
| Efficiency | Solid — ROE 18%, ROA 9.5% |
Ownership (SAP)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +7.71% |
| Shares Outstanding | 1.15B |
| Float | 14.50B |
| Short % of Float | +0.35% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (SAP)
SAP SE is led by Christian Klein, CEO & Member of Executive Board, per Nexqual as of October 23, 2026 at 09:21 UTC.
| CEO & Member of Executive Board | Christian Klein |
|---|---|
| CFO & Member of Executive Board | Dominik Asam |
| Chief Strategy Officer & COO and Member of Executive Board | Sebastian Steinhaeuser |
| Chief People Officer, Labor Director & Member of Executive Board | Gina Vargiu-Breuer |
Major Backers & Investors (SAP)
Notable institutional backers of SAP SE include Fisher Asset Management, LLC, Eagle Capital Management LLC, Goldman Sachs, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Fisher Asset Management, LLC | 1.28% |
| Eagle Capital Management LLC | 0.74% |
| Goldman Sachs | 0.52% |
| Capital International Investors | 0.49% |
| Morgan Stanley | 0.47% |
| Windacre Partnership LLC | 0.38% |
| WASHINGTON MUTUAL INVESTORS FUND | 0.32% |
| Hotchkis & Wiley Capital Management, LLC | 0.21% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 1.42% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SHOP | Shopify Inc. | USD 168.81 | ▼ 3.14% |
| CRM | Salesforce, Inc. | USD 250.29 | ▲ 3.52% |
| NOW | ServiceNow, Inc. | USD 157 | ▲ 2.53% |
| UBER | Uber Technologies, Inc. | USD 69.07 | ▲ 2.14% |
| ADP | Automatic Data Processing, Inc. | USD 307.94 | ▲ 4.56% |
| SNOW | Snowflake Inc. | USD 313.96 | ▼ 2.72% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
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