SAP SE (HAM:SAP) Total Operating Expense: €17,141 Mil (TTM As of Mar. 2026)


HAM:SAP SAP SE HAM:SAP
74 GF Score
Price €140.44
GF Value €219.04
Valuation Significantly Undervalued
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What is SAP SE Total Operating Expense?

SAP SE HAM:SAP +4.40% 74 Total Operating Expense is €17,141 Mil as of Mar. 2026. GuruFocus rates HAM:SAP with a GF Score™ of 74/100 and a GF Value™ of €219.04 (Significantly Undervalued).

SAP SE's Total Operating Expense for the three months ended in Mar. 2026 was €4,221 Mil. SAP SE's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was €17,141 Mil.

SAP SE Total Operating Expense Related Terms

SAP SE Total Operating Expense Historical Data

* Premium members only.

The historical data trend for SAP SE's Total Operating 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 Total Operating Expense Chart

SAP SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,269.00 15,431.00 16,520.00 17,124.00 17,194.00

SAP SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating 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 4,274.00 4,146.00 4,201.00 4,573.00 4,221.00
HAM:SAP
74GF Score
SAP SE HAM:SAP
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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SAP SE Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating 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 €17,141 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.

What does a Total Operating Expense of €17,141 Mil mean?
SAP SE (HAM:SAP) has a Total Operating Expense of €17,141 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on SAP SE and its competitors.
Is SAP SE's Total Operating Expense too high?
SAP SE's current Total Operating Expense is €17,141 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 Total Operating Expense compare to UBER and SHOP?
SAP SE's Total Operating Expense of €17,141 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 Total Operating Expense for a Software company?
A good Total Operating Expense depends on the Software industry context. However, Total Operating 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on SAP SE and its competitors. SAP SE's current Total Operating Expense is €17,141 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 €219.04, compared to a current price of €140.44 — trading 35.9% below its estimated fair value. The current Total Operating Expense is €17,141 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For SAP SE (HAM:SAP), the current Total Operating Expense is €17,141 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 €140.44 is trading 35.9% below its estimated GF Value™ of €219.04. GuruFocus considers SAP SE to be Significantly Undervalued.

Key valuation signals for HAM:SAP:

  • Total Operating Expense: €17,141 Mil
  • GF Value™: €219.04 vs. price of €140.44 (35.9% 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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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€140.44
Price
€219.04
GF Value