SAP SE (SAP) FCF Payout Ratio: 36.44%
Is SAP SE’s FCF payout ratio high or low?
SAP SE's FCF payout ratio of 36.44% is 17% below its 5-year average of 43.86%, near the low end of its 5-year range (29.23%–60.04%).
20.08% below its 12-month average of 45.59%.
SAP FCF Payout Ratio Chart
SAP Average FCF Payout Ratio Chart
SAP Current vs Average FCF Payout Ratio Chart
SAP FCF Payout Ratio Metrics
FCF PAYOUT RATIO
36.44%
FCF PAYOUT RATIO AVG TTM
45.59%
FCF PAYOUT RATIO AVG 3Y
48.60%
FCF PAYOUT RATIO AVG 5Y
43.86%
FCF PAYOUT RATIO AVG 10Y
46.39%
FCF PAYOUT RATIO AVG 15Y
41.85%
FCF PAYOUT RATIO AVG 20Y
37.41%
CURRENT VS TTM AVG
-20.08%
CURRENT VS 3Y AVG
-25.02%
CURRENT VS 5Y AVG
-16.91%
CURRENT VS 10Y AVG
-21.44%
CURRENT VS 15Y AVG
-12.92%
CURRENT VS 20Y AVG
-2.60%
Payout Ratio Comparison
FCF Payout Ratio
36.4%
Earnings Payout Ratio
41.5%
Dividend Yield
1.97%
FCF Yield
5.39%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $9.32B | $3.09B | 33.2% |
| 2024 | $4.58B | $2.66B | 58.0% |
| 2023 | $6.12B | $2.64B | 43.2% |
| 2022 | $5.11B | $3.07B | 60.0% |
| 2021 | $6.29B | $2.48B | 39.5% |
| 2020 | $7.79B | $2.28B | 29.2% |
| 2019 | $3.01B | $2.01B | 66.8% |
| 2018 | $3.26B | $1.91B | 58.7% |
| 2017 | $4.53B | $1.80B | 39.8% |
| 2016 | $3.81B | $1.45B | 38.0% |
| 2015 | $3.26B | $1.43B | 43.8% |
| 2014 | $3.43B | $1.44B | 42.1% |
| 2013 | $4.50B | $1.40B | 31.0% |
| 2012 | $4.10B | $1.73B | 42.1% |
| 2011 | $4.32B | $923.99M | 21.4% |
| 2010 | $3.51B | $795.45M | 22.7% |
| 2009 | $4.03B | $851.34M | 21.1% |
| 2008 | $2.54B | $828.05M | 32.7% |
| 2007 | $2.25B | $812.72M | 36.2% |
| 2006 | $1.95B | $590.38M | 30.2% |
| 2005 | $1.59B | $402.73M | 25.3% |
| 2004 | $2.18B | $336.32M | 15.4% |
| 2003 | $1.55B | $234.28M | 15.2% |
| 2002 | $1.45B | $191.61M | 13.2% |
| 2001 | $546.05M | $161.61M | 29.6% |
| 2000 | $371.62M | $156.13M | 42.0% |
| 1999 | $286.15M | $166.82M | 58.3% |
| 1998 | $279.92M | $176.44M | 63.0% |
| 1997 | $144.44M | $133.14M | 92.2% |
| 1996 | $618.49M | $170.92M | 27.6% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
SAP SE FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
SAP SE FCF Payout Ratio FAQ
- What is the FCF payout ratio for SAP SE (SAP)?
- The FCF payout ratio for SAP stock is 36.44%.
- Is SAP SE's FCF payout ratio high or low?
- SAP SE's FCF payout ratio of 36.44% is 17% below its 5-year average of 43.86%, near the low end of its 5-year range (29.23%–60.04%).
- What is the TTM average FCF payout ratio for SAP SE (SAP)?
- The TTM average FCF payout ratio for SAP stock is 45.59%.
- What is the 3Y average FCF payout ratio for SAP SE (SAP)?
- The 3Y average FCF payout ratio for SAP stock is 48.60%.
- What is the 5Y average FCF payout ratio for SAP SE (SAP)?
- The 5Y average FCF payout ratio for SAP stock is 43.86%.
- What is the 10Y average FCF payout ratio for SAP SE (SAP)?
- The 10Y average FCF payout ratio for SAP stock is 46.39%.
- What is the 15Y average FCF payout ratio for SAP SE (SAP)?
- The 15Y average FCF payout ratio for SAP stock is 41.85%.
- What is the 20Y average FCF payout ratio for SAP SE (SAP)?
- The 20Y average FCF payout ratio for SAP stock is 37.41%.
SAP SE FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 33.20% |
| 2024-12-31 | 57.99% |
| 2023-12-31 | 43.18% |
| 2022-12-31 | 60.04% |
| 2021-12-31 | 39.51% |
| 2020-12-31 | 29.23% |
| 2019-12-31 | 66.79% |
| 2018-12-31 | 58.73% |
| 2017-12-31 | 39.76% |
| 2016-12-31 | 37.99% |
| 2015-12-31 | 43.84% |
| 2014-12-31 | 42.09% |
| 2013-12-31 | 31.02% |
| 2012-12-31 | 42.14% |
| 2011-12-31 | 21.41% |
| 2010-12-31 | 22.67% |
| 2009-12-31 | 21.13% |
| 2008-12-31 | 32.66% |
| 2007-12-31 | 36.17% |
| 2006-12-31 | 30.22% |
| 2005-12-31 | 25.29% |
| 2004-12-31 | 15.40% |
| 2003-12-31 | 15.16% |
| 2002-12-31 | 13.23% |
| 2001-12-31 | 29.60% |
| 2000-12-31 | 42.01% |
| 1999-12-31 | 58.30% |
| 1998-12-31 | 63.03% |
| 1997-12-31 | 92.17% |
| 1996-12-31 | 27.64% |
About SAP SE
SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. The company's core enterprise resource planning (ERP) platform, SAP S/4HANA, offers robust functionalities for finance, risk management, project execution, procurement, manufacturing, supply chain optimization, asset management, and research and development. For human resources, SAP delivers SuccessFactors solutions, which encompass HR and payroll, talent and employee experience management, and comprehensive people and workforce analytics. Additionally, SAP provides spend management tools designed to handle direct and indirect expenditures, travel and expense reporting, and external workforce administration. SAP further extends its portfolio with customer experience solutions and the SAP Business Technology Platform, empowering both clients and partners to develop, integrate, and automate applications. Its SAP Business Network serves as a crucial business-to-business collaboration platform, digitizing key supply chain processes and facilitating seamless communication among trading partners. The company also offers SAP Signavio for discovering, analyzing, and enhancing business process operations, alongside modular industry-specific cloud solutions. Through Taulia, SAP provides working capital management solutions, helping customers improve liquidity visibility and mitigate the effects of inflation. Completing its extensive offerings, SAP also provides a range of sustainability solutions and services.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Christian Klein