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SAP Stock

Find up-to-date stock information and our share performance calculator. Furthermore stock key data, dividend information and analyst coverage. For details on ADR shares for US investors visit the ADR section.

Performance Calculator

Use our performance calculator to calculate the current value and rate of return of your SAP shares – for any period between 1994 and today.

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Shareholders continuously participate in SAP's success

To enable its shareholders to take part in the Company's success, SAP has paid a dividend every year since the stock was floated in 1988. 

With strong growth and positive cash flow in 2017, we had a very successful year as customers continue to trust SAP to support their digital transformations. We want our shareholders to share greatly in this success, therefore we are increasing our dividend policy to pay a dividend totaling 40% or more of profit after tax in the future.

At the Annual General Meeting of Shareholders on May 17, 2018, the Executive Board and the Supervisory Board will recommend increasing the total dividend for fiscal year 2017 by 12% to €1.40 per share (2016: €1.25)

Dividends are remitted without delay after the resolution on the appropriation of retained earnings, usually on the third business day after the Annual General Meeting. All shareholders possessing SAP certificates at the time of the resolution on the appropriation of retained earnings are entitled to receive payment of the dividend.

Share Buyback

SAP’s strong growth and cash generation provide significant flexibility around capital allocation aimed at driving shareholder value. After evaluating the expected cash flow development for the second half of 2017 and consistent with the company’s capital allocation priorities, SAP has decided on a share buyback of up to €500 million in 2017. The program has been completed at the end of the fourth quarter 2017 and the company has bought back the planned amount.

Shareholder Structure

SAP’s capital stock as of December 31, 2017, was €1,228,504,232 (2016: €1,228,504,232). It is issued as 1,228,504,232 no-par shares, each with an attribute value of €1 in relation to capital stock.

Applying the definition accepted on the Frankfurt Stock Exchange, which excludes treasury stock from the free float, as of December 31, 2017, the free float stood at 85.2% (December 31, 2016: 78.8%).More information on the SAP shareholder structure can be found in the "Investor Relations" chapter of our SAP Integrated Report.

2017 SAP Integrated Report

Basic Data
Key data    

Initial public offering:

  November 4, 1988

Stock category:

  Ordinary share

Shares outstanding:

  1,229 million

NYSE ticker:



Security Code Numbers    

Germany (WKN):







Ticker Symbols

Deutsche Boerse:


New York Stock Exchange (ADR):





  SAPG.F or .DE


Index Weightings as of Dec 31, 2017    

DAX 30:


Prime All Share:






Dow Jones STOXX 50:


Dow Jones EURO STOXX 50:

Key Performance Indicators

A full list of key performance indicators can be found in the 5-year summary of the SAP Integrated Report.

View the SAP Integrated Report

Share Price History

Ariba Shares
In 2012 SAP acquired Ariba. Here you can find the daily closing price history for the share from 1999 to 2012 (NASDAQ).
Price history (XLS)

Business Objects Shares
In 2008, SAP acquired BusinessObjects. Here you can find the daily closing price history for the shares until January 2008 (NASDAQ since 1994, Euronext since 1999).
Price history (NASDAQ) (XLS)
Price history (Euronext) (XLS)

SAP Preferred Shares
From 1995 to 2001 preferred shares were traded in addition to ordinary shares. Here you can find a history of the daily closing price.
Price history (XLS)

SuccessFactors Shares
In 2012 SAP acquired SuccessFactors. Here you can find the daily closing price history for the share.
Price history (XLS)

Sybase Shares
In 2010, SAP acquired Sybase. Here you can find the daily closing price history for the shares from 1991 to August 2010.
Price history (XLS)

Analyst Coverage

SAP communicates its strategy to financial analysts, portfolio managers, and private investors in road shows, group meetings, and one-on-one discussions around the world. About 50 banks and financial services provides regularly publish commentary, valuations, and recommendations on SAP stock.

The following list, which is not comprehensive, includes banks and securities firms that publish regular research reports on SAP. 

Agency Partners LLP   Jeffrey, Stuart
AlphaValue   Pereira, Luis
Arete Research Services LLP   Shepherd, Adam J.
Baader Bank AG   Woller, Knut
Bank of America Merrill Lynch   Rangan, Kash
Bank of America Merrill Lynch   King, John
Bankhaus Metzler   Schmidt, Holger
Barclays Capital   Vos, Gerardus
Barclays Capital Inc.   Lenschow, Raimo
Berenberg Bank (Schweiz) AG   Munda, Gal
Bryan Garnier - Forecast S.A.   Ramirez, Grégory
Citi Investment Research (Europe)   Pritchard, Walter
Commerzbank Corporates & Markets (Frankfurt)   Kruchevska, Victoria 
Cowen & Co.   Wood, Derrick
Credit Suisse Securities (USA) LLC   Brennan, Charles A.
Deutsche Bank   Tout, Alex
DZ Bank AG   Schnitzer, Harald
Edward Jones   Miedler, Andrew T.
Evercore Partners   Materne, Stewart K.
Exane BNP Paribas (UK)   Slowinski, Stefan
FBR Capital Markets & Co.   Ives, Daniel H.
Goldman Sachs International   Moawalla, Mohammed E.
HSBC Securities (France)   Baudry, Antonin
Jefferies International   Radia, Milan
JMP Securities LLC   Walravens, Patrick D.
Joh. Berenberg, Gossler & Co.   Beaubois, Jean D.
JPMorgan Cazenove Limited   Pollard, Stacy E.
Kepler Cheuvreux   Daure, Laurent
Landesbank Baden-Württemberg   Maier, Mirko
MainFirst Bank   Sriraman, Chandramouli
Megabuyte   Crawshaw, James B.
Morgan Stanley & Co. International Limited   Wood, Adam D.
Morningstar   Gogia, Sunit
NORD/LB Norddeutsche Landesbank   Donie, Wolfgang
Oddo & Cie    David, Nicolas
Oppenheimer & Co. Inc.   Schwartz, Brian J.
Pacific Crest Securities Inc.   Garg, Monika
Redburn Partners, LLP   Steer, Neil E.
Royal Bank of Canada   MacMillan, Ross S.
Sanford C. Bernstein & Co., L.L.C.   Moerdler, Mark L.
Santander Investment Bolsa, S.V., S.A.   Treviño Peinador, Carlos Javier
SG Securities (Paris)   Nguyen, Richard
Stifel Nicolaus Canada, Inc.   Reback, Brad R.
Ticonderoga Securities LLC   Herman, Neil J.
UBS Limited   Briest, Michael J.
Warburg Research GmbH   Wolf, Andreas
Wells Fargo Securities, LLC   Winslow, Philipp
William Blair & Company, L.L.C. (Research)   Suri, Bhavanmit S.


In the United States, SAP shares are listed on the New York Stock Exchange (NYSE) in the form of American depositary receipts (ADRs). They have been traded there since August 3, 1998.

An ADR is a receipt representing ordinary or common shares of a non-U.S. company. ADRs are priced in U.S. dollars and traded on U.S. exchanges, allowing investors to buy and sell shares of non-U.S. companies in exactly the same way as they purchase or sell shares of U.S. companies.

ADR Details
Exchange:   NYSE
Ratio:   1 ADR = 1 ordinary share
Type of ADR program:   Sponsored Level II*
Symbol:   SAP
CUSIP:   803054204
Country:   Germany
Industry:   Computer software/services
Trading in ADRs / Transfer Agent

You can purchase or sell SAP ADRs like any other traded stocks, through your broker. SAP ADRs can also be traded through the DB-Direct Investor Services Program of Deutsche Bank, which acts as the SAP depositary bank for ADRs. DB-Direct is a direct-share purchase and dividend-reinvestment plan for depositary receipt investors. The plan allows the purchasing and selling of depositary receipts at reduced cost, without the need to engage a broker.

DB-Direct is not an offer by SAP to sell or a solicitation by SAP to purchase SAP ADRs but is solely sponsored and administered by Deutsche Bank. For more information, access the Deutsche Bank ADR Web site and click on the "DB-Direct" icon or call +1-877-484-5046 (toll-free).

Deutsche Bank provides the following services for U.S. ADR holders:

  • Records and maintains the register of ADR holders
  • Acts as transfer agent
  • Distributes dividends in U.S. dollars
  • Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders
  • Distributes company annual reports, circulars, and annual general meeting documents
Dividends for SAP ADRs
SAP pays cash dividends once a year in euro, so exchange-rate fluctuations will affect the U.S. dollar amounts received by holders of ADRs on the conversion into U.S. dollars of cash dividends paid in euro on the ordinary shares represented by the ADRs. The final dividend payment by SAP to the depositary bank usually occurs on the third business day after the Annual General Meeting. The depositary bank then converted the dividend payment from euros into U.S. dollars as promptly as practicable.
The following table shows the SAP Dividend Payment History.
ADR Ex-Dividend Date   ADR Record Date   ADR Pay Date   Gross Dividend in USD
5/11/2017   5/12/2017   5/22/2017   1.3720
5/10/2016   5/12/2016   5/20/2016   1.3052
  5/20/2015   5/29/2015   1.2214
5/22/2014   5/21/2014   5/29/2014   1.3659
5/31/2013   6/4/2013   6/12/2013   1.1107
5/21/2012   5/23/2012   6/1/2012   1.3838
5/23/2011   5/25/2011   6/3/2011   0.8500
6/4/2010   6/8/2010   6/16/2010   0.5973
5/15/2009   5/19/2009   5/27/2009   0.6805
5/30/2008   6/3/2008   6/11/2008   0.7716
5/8/2007   5/10/2007   5/18/2007   0.6198
ADR Taxation

When SAP pays a dividend to ordinary shareholders and ADR shareholders, certain tax implications apply. The SAP dividend is subject to a German withholding tax of 26.375% of the gross amount. Under terms of the Convention for the Avoidance of Double Taxation Agreement between the United States and Germany, eligible ADR holders may reclaim 11.375%, thereby reducing their withholding tax to 15%.

ADR holders eligible for the refund must be residents of the United States in accordance with the aforementioned Convention. Contact your broker or tax adviser for more information and any applicable U.S. tax forms.

*A sponsored Level II ADR must comply with the SEC's full registration and reporting requirements. In addition to filing an F-6 registration statement, the issuer is also required to file SEC Form 20-F and comply with the SEC's other disclosure rules, including submission of its annual report, which must be prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

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