SAP runs the back office of 87% of Forbes Global 2000 companies. Finance, supply chain, HR, manufacturing — all of it flowing through SAP. The average SAP implementation costs $50 million and takes three years. After that, the company is locked in permanently. Not by contract — by complexity. The system knows everything about how the business runs. Replacing it would mean rebuilding the institutional memory of a company from scratch. Nobody does it. The garden has walls made of data.
$10.3B
Total Revenue
8.0%
Organic Revenue Growth
$1.81B
Net Income
$4.40
Diluted EPS
$2.17B
Operating Cash Flow
50.0%
Gross Margin
22.8%
Operating Margin
$408.9M
CapEx
$934.8M
Share Buybacks
$631.8M
Dividends Paid
~12,100
Delivery Routes
>1 million
Customers Served
10-K · July 28, 2025