Software (SOW.HM) Stock Price

Software Price

Delisted
37.46EUR
Last traded price

Over the last 19 years Software grew revenue by 4.7% annually, reaching 991.50 M EUR. Earnings per share have declined at 0.2% per year over the last 6 years. For Software, the net margin of 1.7% is down versus 17.4% a few years ago. At today's price the dividend yield works out to roughly 0.13%. The payout ratio is around 28% of earnings.

Software stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Software over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Software stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Software's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Software Stock Price History
DateSoftware Price
Access this data via the Eulerpool API

Software Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
833.84 M EUR
127.33 M EUR
83.86 M EUR
Jan 1, 2022
958.18 M EUR
0.00 EUR
18.98 M EUR
Jan 1, 2023
991.50 M EUR
83.19 M EUR
17.13 M EUR
Jan 1, 2024 (e)
1.06 B EUR
172.34 M EUR
0.00 EUR
Jan 1, 2025 (e)
1.17 B EUR
215.81 M EUR
160.52 M EUR
Jan 1, 2026 (e)
1.14 B EUR
213.48 M EUR
0.00 EUR
Jan 1, 2027 (e)
1.22 B EUR
0.00 EUR
0.00 EUR
Jan 1, 2028 (e)
1.23 B EUR
0.00 EUR
0.00 EUR

Software Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 23, 2026, 1:39 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
DIV.EUR
DIV. GROWTH%
SHARESM
2015201620172018201920202021202220232024e2025e2026e2027e2028e2029e2030e
0.870.870.880.870.890.830.830.960.991.061.171.141.221.231.261.30
1.87-0.230.80-1.482.89-6.29-0.1215.013.447.1610.26-2.487.090.333.023.01
75.6075.6675.7477.4677.1976.3877.4374.9574.4774.4774.4774.4774.4774.4774.4774.47
660.00659.00665.00670.00687.00637.00645.00718.00738.00790.87872.05850.45910.77913.75941.30969.60
214.00223.00226.00224.00214.00139.00127.0083.00172.00215.00213.00
24.5125.6025.7425.9024.0416.6715.258.3816.2018.3618.65
139.00140.00140.00164.00154.0095.0083.0018.0017.00160.00
26.360.7217.14-6.10-38.31-12.63-78.31-5.56
0.500.550.600.650.710.760.760.760.050.100.100.10
8.7010.009.098.339.237.04-93.42100.00
73.9873.9873.9873.9873.9873.9873.9873.9873.9873.9873.9873.9873.9873.9873.9873.98
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Software generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Software retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Software's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Software has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Software's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Software stock margins

The Software margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Software. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Software.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
77.20 %
24.12 %
17.40 %
Jan 1, 2020
76.38 %
16.72 %
11.46 %
Jan 1, 2021
77.35 %
15.27 %
10.06 %
Jan 1, 2022
74.96 %
0.00 %
1.98 %
Jan 1, 2023
74.51 %
8.39 %
1.73 %
Jan 1, 2024 (e)
74.51 %
16.22 %
0.00 %
Jan 1, 2025 (e)
74.51 %
18.43 %
13.71 %
Jan 1, 2026 (e)
74.51 %
18.69 %
0.00 %

Software Stock Revenue, EBIT, Earnings per Share

The Software earnings per share therefore indicates how much revenue Software has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2020
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2021
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2022
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2023
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2024 (e)
14.36 EUR
2.33 EUR
0.00 EUR
Jan 1, 2025 (e)
15.82 EUR
2.92 EUR
2.17 EUR
Jan 1, 2026 (e)
15.43 EUR
2.89 EUR
0.00 EUR

Software business model & stock analysis

The Software AG is a German company founded in 1969 by Peter Schnell in Darmstadt. Originally, it started as a research project of the Fraunhofer Institute aimed at automating the process control of complex industrial systems. This automated control was also called "software operating system." Schnell recognized the potential of this technology and founded the Software AG to market the system. The business model of the Software AG is focused on helping companies make their business processes more efficient and save costs. The Software AG offers a wide range of solutions for companies of all sizes and industries and has locations in over 70 countries worldwide. The companies within the Software AG are divided into two divisions. The first is business process management or business process management (BPM), a division that focuses on the automation of business processes. In this division, the Software AG offers a range of solutions aimed at improving the efficiency and quality of business processes and thus optimizing the customer experience. The other division includes data management or enterprise architecture management (EAM), a division that focuses on managing and integrating corporate data and information. This division offers solutions for databases, application integration, API management, and analytics. The Software AG's products include the webMethods platform, which is used for connecting applications, data, and devices, as well as the ARIS platform for business process management. These platforms are used by numerous companies worldwide, including Audi, Daimler, BMW, and Siemens. In 2019, Software AG announced its intention to expand its role in the market for the Internet of Things (IoT). The company has already established several partnerships with major brands such as Dell, Nokia, and Bosch to further develop and market its IoT solutions. Software AG's goal is to develop the next generation of IoT platforms and help companies create intelligent and connected systems. Overall, Software AG has an impressive history and a wide range of solutions for companies of all types and sizes. The company takes pride in helping its customers reduce operating costs, increase efficiency, and enhance their competitiveness.

Software SWOT Analysis

Strengths

Software AG possesses several strengths that contribute to its success in the market. Firstly, it has a strong reputation as a reliable provider of software solutions, with a proven track record of delivering high-quality products and services. Additionally, the company has a diverse and extensive product portfolio, offering a wide range of solutions to meet various business needs. Software AG's focus on innovation and continuous improvement ensures that it stays ahead of the competition and remains relevant in a rapidly evolving technology landscape.

Weaknesses

Despite its strengths, Software AG also faces certain weaknesses that need to be addressed. One of the key weaknesses is its dependency on a limited number of large clients for a significant portion of its revenue. This concentration of customer base poses a potential risk to the company's financial stability if it were to lose a major client. Additionally, Software AG's market presence is comparatively smaller compared to some of its competitors, limiting its brand recognition and market share.

Opportunities

Software AG has several opportunities that it can capitalize on to drive growth and expand its market reach. The increasing demand for digital transformation solutions presents a significant opportunity for the company as organizations across industries are looking to modernize their systems and processes. Furthermore, Software AG can leverage emerging technologies such as artificial intelligence and blockchain to develop innovative products and services that cater to evolving customer needs. Expanding into new geographical markets that offer growth potential is another avenue for Software AG to explore.

Threats

Software AG operates in a highly competitive market, which poses threats to its market position and profitability. The emergence of new competitors and disruptive technologies increases the risk of losing market share. Moreover, changing regulatory landscapes and data privacy concerns may impact the company's ability to operate in certain regions. Additionally, economic uncertainties and fluctuations in currency exchange rates can affect Software AG's international operations, potentially leading to lower revenues and profitability.

Software Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Software historical P/E ratio, EBIT multiple, and P/S ratio

Software annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Software shares outstanding

The number of shares of Software was 73.98 M in 2025. This indicates how many shares Software is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
73.98 M Stocks
Jan 1, 2020
73.98 M Stocks
Jan 1, 2021
73.98 M Stocks
Jan 1, 2022
73.98 M Stocks
Jan 1, 2023
73.98 M Stocks
Jan 1, 2024 (e)
73.98 M Stocks
Jan 1, 2025 (e)
73.98 M Stocks
Jan 1, 2026 (e)
73.98 M Stocks

Software Dividend History

23 years of dividend payments

YearAnnual DividendYoY ChangePayments
20240.10EUR 100.0%
20230.05EUR 93.4%
20220.76EUR 0.0%
20210.76EUR 0.0%
20200.76EUR 7.0%
20190.71EUR 9.2%
20180.65EUR 8.3%
20170.60EUR 9.1%
20160.55EUR 10.0%
20150.50EUR 8.7%

Software dividend history and estimates

In 2025, Software paid a dividend amounting to 0.10 EUR. Dividend means that Software distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2019
0.71 EUR
0.00 EUR
Jan 1, 2020
0.76 EUR
0.00 EUR
Jan 1, 2021
0.76 EUR
0.00 EUR
Jan 1, 2022
0.76 EUR
0.00 EUR
Jan 1, 2023
0.05 EUR
0.00 EUR
Jan 1, 2024
0.10 EUR
0.00 EUR
Jan 1, 2025 (e)
0.00 EUR
0.10 EUR
Jan 1, 2026 (e)
0.00 EUR
0.10 EUR

Software dividend payout ratio

In 2025, Software had a payout ratio of 4.61%. The payout ratio indicates the percentage of the company's profits that Software distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2019
27.80 %
Jan 1, 2020
27.87 %
Jan 1, 2021
27.72 %
Jan 1, 2022
27.79 %
Jan 1, 2023
27.79 %
Jan 1, 2024 (e)
27.77 %
Jan 1, 2025 (e)
4.61 %
Jan 1, 2026 (e)
20.06 %
Price targets and forecasts for Software are not yet available.

EESG©

Eulerpool ESG Scorecard© for the Software stock

69/100
60
Environment
99
Social
49
Governance
E

Environment

20
Scope 1 - Direct Emissions234
Scope 2 - Indirect emissions from purchased energy1,527
Scope 3 - Indirect emissions within the value chain904
Total CO₂ emissions1,761
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees30.5
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Software shareholder structure

% Name
93.32654%
Silver Lake Partners
Silver Lake Partners
0.29054%
Goldman Sachs Asset Management B.V.
Goldman Sachs Asset Management B.V.
0.27027%
Syquant Capital S.A.S
Syquant Capital S.A.S
0.25862%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.22417%
Petrus Advisers Ltd.
Petrus Advisers Ltd.
0.21499%
Amundi Deutschland GmbH
Amundi Deutschland GmbH
...

Software Executives and Management Board

SB

Mr. Sanjay Brahmawar

(53)

Chief Executive Officer, Member of the Management Board

Compensation1.77 M EUR
JH

Mr. Joshua Husk

(49)

Chief Revenue Officer, Member of the Management Board

Compensation1.24 M EUR
SS

Dr. Stefan Sigg

(58)

Member of the Management Board, Chief Product Officer

Compensation1.18 M EUR
BQ

Dr. Benno Quade

(46)

Chief Operating Officer, Member of the Management Board

Compensation164,395.00 EUR
ME

Ms. Madlen Ehrlich

(42)

Deputy Chairman of the Supervisory Board, Employee Representative · since 2021

Compensation105,000.00 EUR

Frequently asked questions about Software

The business model of Software AG is centered around providing software solutions and services to help organizations digitalize their operations. With a strong focus on integration, the company offers a wide range of enterprise software products, including integration platforms, API management, business process management, analytics, and IoT solutions. Software AG's portfolio aims to enable businesses to leverage their existing IT infrastructure while incorporating new technologies to drive innovation, improve operational efficiency, and enhance customer experiences. By offering comprehensive software solutions and expertise, Software AG empowers businesses to navigate the complexities of digital transformation and stay competitive in their respective industries.

All fundamentals and in-depth analysis of Software

Our stock analysis for Software stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Software. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.