Last 30 days
+10.22%
Sep 14 → Oct 22
$205.11
$214.64
$224.17
$233.69
$243.22
Sep 14
Sep 22
Sep 29
Oct 07
Oct 14
Oct 22
SAP earnings at a glance
The options market is pricing a move of about ±8.4% after the report, a range of roughly $220.34 to $260.84 from today's $240.59. Over its last 2 reports the stock rose the next day 1 time and fell 1, moving ±0.5% on average; after the most recent report on Jul 22, 2025 it moved -0.3%. That means options currently expect more movement than SAP has typically delivered. SAP beat the consensus EPS estimate in 3 of its last 3 reported quarters. Implied volatility is currently 52%. The share price of $240.59 sits in the middle of its 52-week range.
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Overview
Earnings
Financials
Implied Vol
Peers
Overview
52-week range
70% of range
Avg surprise (last 3)
+7.7%
Avg reaction (last 2)
+0.2%
50% positive
Latest IV / EM
52%
EM ±8.4% · $213 · Oct 23
Earnings trends
EPS — actual vs estimate
$1.39 $1.51 $1.62 $1.74 $1.86
Actual $1.51 Est $1.39 Actual $1.70 Est $1.63 Actual $1.86 Est $1.69 Mar/2025 Jun/2025 Sep/2025
Earnings history
Implied volatility — last 90 days
34% 85% 137% 188% 239%
Jun 07 — IV 59% · EM ±5.5% Jun 08 — IV 54% · EM ±4.5% Jun 09 — IV 57% · EM ±4.1% Jun 10 — IV 70% · EM ±4.1% Jun 11 — IV 75% · EM ±3.1% Jun 15 — IV 51% · EM ±3.7% Jun 16 — IV 49% · EM ±2.9% Jun 17 — IV 56% · EM ±2.3% Jun 19 — IV 45% · EM ±4.9% Jun 22 — IV 51% · EM ±4.2% Jun 23 — IV 52% · EM ±3.8% Jun 24 — IV 47% · EM ±2.8% Jun 25 — IV 72% · EM ±3.0% Jun 29 — IV 54% · EM ±11.3% Jun 30 — IV 50% · EM ±10.3% Jul 01 — IV 54% · EM ±10.8% Jul 02 — IV 56% · EM ±11.0% Jul 03 — IV 58% · EM ±11.0% Jul 06 — IV 62% · EM ±11.0% Jul 07 — IV 62% · EM ±10.6% Jul 08 — IV 59% · EM ±9.9% Jul 09 — IV 62% · EM ±10.1% Jul 10 — IV 61% · EM ±9.5% Jul 13 — IV 65% · EM ±8.9% Jul 14 — IV 71% · EM ±9.4% Jul 15 — IV 74% · EM ±9.2% Jul 16 — IV 77% · EM ±9.1% Jul 17 — IV 79% · EM ±8.8% Jul 20 — IV 100% · EM ±8.4% Jul 21 — IV 110% · EM ±8.0% Jul 22 — IV 139% · EM ±8.2% Jul 23 — IV 208% · EM ±8.7% Jul 27 — IV 55% · EM ±4.6% Jul 28 — IV 61% · EM ±4.4% Jul 29 — IV 239% · EM ±14.1% Jul 30 — IV 59% · EM ±2.5% Aug 03 — IV 54% · EM ±4.5% Aug 04 — IV 52% · EM ±3.8% Aug 05 — IV 53% · EM ±3.1% Aug 06 — IV 56% · EM ±2.4% Aug 10 — IV 43% · EM ±3.6% Aug 11 — IV 40% · EM ±2.9% Aug 12 — IV 47% · EM ±2.8% Aug 13 — IV 58% · EM ±2.4% Aug 17 — IV 41% · EM ±3.5% Aug 18 — IV 43% · EM ±3.1% Aug 19 — IV 46% · EM ±2.7% Aug 20 — IV 37% · EM ±1.6% Aug 24 — IV 42% · EM ±3.5% Aug 25 — IV 42% · EM ±3.1% Aug 26 — IV 48% · EM ±2.9% Aug 27 — IV 56% · EM ±2.4% Aug 31 — IV 35% · EM ±2.9% Sep 01 — IV 43% · EM ±3.1% Sep 02 — IV 39% · EM ±2.3% Sep 03 — IV 50% · EM ±2.1% Sep 07 — IV 51% · EM ±4.3% Sep 08 — IV 45% · EM ±3.2% Sep 09 — IV 53% · EM ±3.1% Sep 10 — IV 47% · EM ±2.0% Sep 14 — IV 39% · EM ±3.3% Sep 15 — IV 41% · EM ±2.9% Sep 16 — IV 44% · EM ±2.6% Sep 17 — IV 35% · EM ±1.5% Sep 21 — IV 41% · EM ±3.4% Sep 22 — IV 44% · EM ±3.2% Sep 23 — IV 46% · EM ±2.7% Sep 24 — IV 53% · EM ±2.2% Sep 28 — IV 49% · EM ±10.3% Sep 29 — IV 51% · EM ±10.3% Sep 30 — IV 50% · EM ±9.9% Oct 01 — IV 51% · EM ±10.0% Oct 02 — IV 51% · EM ±9.8% Oct 06 — IV 50% · EM ±8.6% Oct 07 — IV 53% · EM ±8.9% Oct 08 — IV 52% · EM ±8.4%
SAP earnings FAQ
What is SAP's expected move for earnings? Options currently price a move of about ±8.4%, or $20.25 per share either way from $240.59.
How does SAP stock usually react to earnings? Across the last 2 reports the average next-day move was ±0.5%, up 1 times and down 1 times.
What is SAP's implied volatility? SAP's at-the-money implied volatility is about 52% based on the latest options snapshot.