SAP SE (SAP) — Free Cash Flow Generation Index

Latest as of March 2026: 0.93x

SAP SE (SAP) has a Free Cash Flow Generation Index of 0.93x as of March 2026. Free cash flow of €3.27 Billion represents 1% of operating cash flow (€3.51 Billion). Read SAP SE (SAP) total liabilities for a breakdown of total debt and financial obligations.

FCF Generation Index

0.93x
Free Cash Flow / Operating CF

Free Cash Flow

€3.27 Billion
EUR

Operating Cash Flow

€3.51 Billion
EUR

Capital Expenditures

€238.00 Million
EUR

SAP SE Free Cash Flow Generation Index (2013–2025)

Historical FCF Generation Index trend for SAP SE across 13 annual periods. Explore capital reinvestment ratio of SAP SE to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for SAP SE (2013–2025)

Year-by-year Free Cash Flow Generation Index for SAP SE. For the full company profile including market capitalisation, see SAP SE (SAP) market capitalisation.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.92x €8.42 Billion €9.16 Billion €739.00 Million ▲ +8.5%
2024 0.85x €4.41 Billion €5.21 Billion €797.00 Million ▼ -3.5%
2023 0.88x €5.62 Billion €6.41 Billion €784.00 Million ▲ +3.9%
2022 0.85x €4.77 Billion €5.65 Billion €874.00 Million ▼ -3.0%
2021 0.87x €5.42 Billion €6.22 Billion €800.00 Million ▼ -1.7%
2020 0.89x €6.38 Billion €7.19 Billion €816.00 Million ▲ +15.7%
2019 0.77x €2.68 Billion €3.50 Billion €817.00 Million ▲ +15.9%
2018 0.66x €2.85 Billion €4.30 Billion €1.46 Billion ▼ -11.5%
2017 0.75x €3.77 Billion €5.04 Billion €1.27 Billion ▼ -38.6%
2016 1.22x €5.63 Billion €4.63 Billion €1.00 Billion ▲ +3.5%
2015 1.17x €4.27 Billion €3.64 Billion €636.00 Million ▼ -3.0%
2014 1.21x €4.24 Billion €3.50 Billion €737.00 Million ▲ +5.5%
2013 1.15x €4.40 Billion €3.83 Billion €566.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).