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SAP SE's gross profit for the
three
months ended in Jun. 2026 was $8,327 Mil. SAP SE's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $32,317 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. SAP SE's gross profit for the
three
months ended in Jun. 2026 was $8,327 Mil. SAP SE's Revenue for the
three
months ended in Jun. 2026 was $11,380 Mil. Therefore, SAP SE's Gross Margin % for the quarter that ended in Jun. 2026 was 73.17%.
SAP SE had a gross margin of 73.17% for the quarter that ended in Jun. 2026 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of SAP SE was 73.22%. The lowest was 69.68%. And the median was 71.69%.
SAP SE (NYSE:SAP) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SAP SE had a gross margin of 73.17% for the quarter that ended in Jun. 2026 => Durable competitive advantage
SAP SE Gross Profit Related Terms
SAP SE Gross Profit Historical Data
* Premium members only.
The historical data trend for SAP SE's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, SAP SE's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SAP SE Gross Profit vs Software Industry
For the Software industry and Technology sector, SAP SE's Gross Profit distribution charts can be found below:
* The bar in red indicates where SAP SE's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $32,317 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
SAP SE's Gross Margin % for the quarter that ended in Jun. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SAP SE (SAP) has a Gross Profit of $32,317 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on SAP SE and its competitors.
Is SAP SE's Gross Profit too high?
SAP SE's current Gross Profit is $32,317 Mil. Overall, SAP SE has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAP SE's Gross Profit compare to QH and SHOP?
SAP SE's Gross Profit of $32,317 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Software company?
A good Gross Profit depends on the Software industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on SAP SE and its competitors. SAP SE's current Gross Profit is $32,317 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAP SE stock overvalued right now?
Based on GuruFocus' analysis, SAP SE (SAP) is currently considered Modestly Undervalued. The stock's GF Value™ is $249.39, compared to a current price of $185.99 — trading 25.4% below its estimated fair value. The current Gross Profit is $32,317 Mil. SAP SE's overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For SAP SE (SAP), the current Gross Profit is $32,317 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SAP SE (SAP) Overvalued in 2026?
Based on GuruFocus' analysis, SAP SE stock appears to be undervalued.
The current stock price of $185.99 is trading 25.4% below its estimated GF Value™ of $249.39.
GuruFocus considers SAP SE to be Modestly Undervalued.
Key valuation signals for SAP:
Gross Profit: $32,317 Mil
GF Value™: $249.39 vs. price of $185.99 (25.4% below fair value)
No single metric tells the full story. See the SAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in Germany in 1972 by former IBM employees, SAP is the world's largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP's portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.
81GF Score
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Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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