SAP SE (HAM:SAP) Interest Expense: €-505 Mil (TTM As of Mar. 2026)


HAM:SAP SAP SE HAM:SAP
74 GF Score
Price €142.08
GF Value €220.29
Valuation Significantly Undervalued
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What is SAP SE Interest Expense?

SAP SE HAM:SAP +1.17% 74 Interest Expense is €-505 Mil as of Mar. 2026. GuruFocus rates HAM:SAP with a GF Score™ of 74/100 and a GF Value™ of €220.29 (Significantly Undervalued).

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SAP SE's interest expense for the three months ended in Mar. 2026 was € -292 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was €-505 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SAP SE's Operating Income for the three months ended in Mar. 2026 was € 2,752 Mil. SAP SE's Interest Expense for the three months ended in Mar. 2026 was € -292 Mil. SAP SE's Interest Coverage for the quarter that ended in Mar. 2026 was 9.42. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SAP SE  (HAM:SAP) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SAP SE's Interest Expense for the three months ended in Mar. 2026 was €-292 Mil. Its Operating Income for the three months ended in Mar. 2026 was €2,752 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was €5,038 Mil.

SAP SE's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*2752/-292
=9.42

* 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.

The higher the ratio, the stronger the company's financial strength is.

SAP SE Interest Expense Historical Data

* Premium members only.

The historical data trend for SAP SE's Interest Expense 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.

SAP SE Interest Expense Chart

SAP SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -945.00 -398.00 -639.00 -545.00 -492.00

SAP SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -280.00 -268.00 -312.00 367.00 -292.00
HAM:SAP
74GF Score
SAP SE HAM:SAP
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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SAP SE Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-505 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of €-505 Mil mean?
SAP SE (HAM:SAP) has a Interest Expense of €-505 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on SAP SE and its competitors.
Is SAP SE's Interest Expense too high?
SAP SE's current Interest Expense is €-505 Mil. Overall, SAP SE has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAP SE's Interest Expense compare to UBER and SHOP?
SAP SE's Interest Expense of €-505 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 Interest Expense for a Software company?
A good Interest Expense depends on the Software industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on SAP SE and its competitors. SAP SE's current Interest Expense is €-505 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 (HAM:SAP) is currently considered Significantly Undervalued. The stock's GF Value™ is €220.29, compared to a current price of €142.08 — trading 35.5% below its estimated fair value. The current Interest Expense is €-505 Mil. SAP SE's overall GF Score™ is 74/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For SAP SE (HAM:SAP), the current Interest Expense is €-505 Mil as of Mar. 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 (HAM:SAP) Overvalued in 2026?

Based on GuruFocus' analysis, SAP SE stock appears to be undervalued. The current stock price of €142.08 is trading 35.5% below its estimated GF Value™ of €220.29. GuruFocus considers SAP SE to be Significantly Undervalued.

Key valuation signals for HAM:SAP:

  • Interest Expense: €-505 Mil
  • GF Value™: €220.29 vs. price of €142.08 (35.5% below fair value)
  • GF Score™: 74/100

No single metric tells the full story. See the HAM:SAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SAP SE Business Description

Address Dietmar-Hopp-Allee 16, Walldorf, BW, DEU, 69190
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.
74GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€142.08
Price
€220.29
GF Value