思爱普 2026年年度报告和过渡报告

Commission file number:1-14251 SAP SE (Exact name of Registrant as specified in its charter)SAP EUROPEAN COMPANY(Translation of Registrant’s name into English)Federal Republic of Germany(Jurisdiction of incorporation or organization)Dietmar-Hopp-Allee 1669190 WalldorfFederal Republic of Germany(Address of principal executive offices)Wendy Bouffordc/o SAP Labs3410 Hillview Avenue, Palo Alto, CA, 94304, United States of America650-849-4000 (Tel),650-843-2041 (Fax)(Name, Telephone, Email and/or Facsimile number and Address of Company Contact Person)Securities registered or to be registered pursuant to Section12(b)of the Act: Securities registered or to be registered pursuant to Section12(g)of the Act: NoneSecurities for which there is a reporting obligation pursuant to Section15(d)of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of theclose of the period covered by the annual report: Ordinary Shares, without nominal value: 1,228,504,232 (as of December 31, 2025)** Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the SecuritiesAct. If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reportspursuant to Section13 or 15(d)of the Securities Exchange Act of 1934. Table of ContentsNote— Checking the box above will not relieve any registrant required to file reports pursuant to Section13 or 15(d)of the Securities Exchange Act of 1934 from their obligations under those Sections. Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d)of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that theregistrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days. Indicate by check mark whether the registrant has submitted electronically, if any, every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such files.) Yes Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler or an emerging growth company. See definition of “accelerated filer,” “large accelerated filer,” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. (Check one): Emerging growth Large accelerated filerAccelerated filer☐Non-accelerated filer☐company☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate bycheck mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards†provided pursuant to Section 13(a) of the Exchange Act. The term “new or revised financial accounting standard” refers to any update issued by the Financial AccountingStandards Board to its Accounting Standards Codification after April5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262 (b)) by the registered public accounting firm that prepared or issued its audit report If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysisof incentive-based compensation received by any of the registrant’s executive officers during the relevant recoveryperiod pursuant to §240.10D-1(b).☐ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statementsincluded in this filing: U.S. GAAP☐International Financial Reporting Standards as issued by the International AccountingStandards BoardOther☐ If “Other” has been checked in response to the previous question, indicate by check mark which financialstatement item the registrant has elected to follow. Item17☐Item18☐ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined inRule12b-2 of the Exchange Act). *Listed not for trading or quotation purposes, but only in connection with the registration of American DepositaryShares representing such ordinary shares pursuant to the requirements of the Securities and ExchangeCommission. Including 60,945,184 treasury shares. Table of Contents IntroductionForward-Looking StatementsPerformance Management SystemMeasures to Manage Our Financial PerformanceMeasures to Manage Our Non - Financial PerformanceValue