SAP's capital stock on February 28, 2011 was 1,227,510,513, issued as 1,227,510,513 no-par bearer shares. Each share has an attributable value of €1. One common share entitles the bearer to vote.

The shareholder structure of SAP is characterized by a wide distribution of share ownership. Applying the definition accepted on the Frankfurt Stock Exchange – which excludes treasury stock from the free float – the free float stood at 73.1% at the end of February 2011 (2008: 68.2%). U.S. and Canadian investors (institutions and individual) remained the largest group of shareholders.