Best european tech stocks to invest in 2025

Europe's tech landscape continues to evolve with powerful companies driving innovation across enterprise software, semiconductors, and digital payments. Investors looking for global exposure with a European flavor will find compelling opportunities among the continent's most profitable and strategically positioned technology leaders.

SAP remains a global force in enterprise software, helping businesses manage data, operations, and analytics with efficiency at scale. ASML holds a near-monopoly in extreme ultraviolet lithography machines, a critical technology powering the next generation of semiconductor manufacturing. Adyen, a Dutch fintech powerhouse, continues to grow its end-to-end digital payments platform across Europe, the U.S., and beyond.

These companies exemplify Europe's capacity to lead in high-margin, globally essential tech sectors. Their steady growth, innovation pipelines, and long-term relevance make them among the most attractive European tech stocks to consider in 2025.

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Before we dive into each company, let`s take a look at how your investment would have performed if you had invested in top 10 stocks mentioned in this article 5 years ago.

Now, let`s take a closer look at each of the companies:

  • SAP (DE:SAP)

    SAP SE is a leading European software company, headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers in Weinheim, SAP (Systems, Applications, and Products in Data Processing) has grown into one of the world's largest enterprise software providers, serving organizations in over 180 countries. Its flagship ERP suite, SAP S/4HANA, combines in-memory processing with advanced analytics to help businesses integrate operations, finance, human resources, and supply chain management. Beyond ERP, SAP's offerings span cloud-based customer experience (CX) solutions, AI-driven data analytics, and tools for sustainability and intelligent automation – empowering clients to achieve digital transformation while upholding European standards of data privacy and security.

    SAP financial statements

    Analysts recommendation: 1.4

    Financial Health

    • Return on assets (ROA): 7.66%
    • Return on equity (ROE): 12.81%
    • Return on investment (ROI): 10.85%

    Profitability

    • Gross margin: 73.6%
    • Operating margin: 26.1%
    • Net profit margin: 16.29%

    Growth

    • EPS (past 5 years): -1.42%
    • EPS (current): 5.21
    • EPS estimate (next quarter): 1.65
    • EPS growth (this year): 47.52%
    • EPS growth (next year): 17.86%
    • EPS growth (next 5 years): 27.71%
    • EPS growth (quarter-over-quarter): 306.69%
    • Sales growth (past 5 years): 3.85%
    • Sales growth (quarter-over-quarter): 8.69%

    💡 Why invest in SAP?

    Key strengths that make SAP an attractive investment:

    • Market Leadership in ERP: SAP dominates the global ERP market, with a strong foothold among Fortune 500 companies and major enterprises worldwide.
    • Robust Cloud Transition: Its shift to cloud-native platforms – anchored by SAP S/4HANA Cloud – drives recurring subscription revenue and long-term growth potential.
    • Cutting-Edge AI & Analytics: Embedded machine learning and advanced analytics across its portfolio enhance automation, predictive insights, and real-time decision-making.
    • Strong Financial Profile: Consistent subscription and maintenance revenues underpin stable cash flows, a solid balance sheet, and shareholder returns via dividends.
    • European Data Privacy Leadership: As a EU-based company, SAP is at the forefront of GDPR compliance and data sovereignty – an increasingly critical differentiator for global customers.

    🐌 Key considerations before investing in SAP

    Potential challenges and risks to consider:

    • Competitive Cloud Landscape: SAP faces intense competition in cloud services from Microsoft Azure, Amazon Web Services, Oracle, and Salesforce.
    • Implementation Complexity: Large-scale SAP deployments can be costly and time-intensive, posing barriers for small and mid-market customers.
    • Enterprise-Heavy Customer Base: A significant share of revenue comes from large corporations, making SAP sensitive to macroeconomic swings in IT spending.
    • Slower Cloud Adoption Curve: While accelerating, SAP's overall migration from on-premises to cloud solutions trails some purely cloud-native rivals.
    • Regulatory & Compliance Pressures: Global operations require constant adaptation to evolving cybersecurity regulations and regional data-protection laws.

    Final thoughts on SAP

    SAP SE combines deep European roots and a storied history in enterprise software with a forward-looking cloud and AI strategy. Its leadership in ERP, expanding cloud footprint, and strong financials make it a compelling choice for investors seeking exposure to digital transformation trends – particularly those valuing European data-privacy standards and sustainability commitments. Nonetheless, prospective investors should weigh competitive pressures, implementation complexities, and macroeconomic sensitivities before taking a long-term position.

  • ASML (AS:ASML)

    ASML Holding N.V. is a Dutch multinational company headquartered in Veldhoven, the Netherlands. Founded in 1984, ASML has grown to become a world leader in the development and manufacturing of advanced photolithography systems used in semiconductor production. The company's innovations have been critical in enabling the manufacturing of smaller, more powerful microchips that power modern electronic devices.

    ASML specializes in extreme ultraviolet (EUV) lithography technology, which is essential for producing the most advanced semiconductor nodes. Its systems are crucial for the fabrication of high-performance chips used in industries such as telecommunications, automotive, and consumer electronics. With a strong focus on research and development, ASML plays a central role in shaping the future of the semiconductor industry by enabling Moore's Law and driving technological advancements in microchip production.

    ASML financial statements

    Analysts recommendation: 1.69

    Financial Health

    • Return on assets (ROA): 20.44%
    • Return on equity (ROE): 55.21%
    • Return on investment (ROI): 40.78%

    Profitability

    • Gross margin: 52%
    • Operating margin: 33.74%
    • Net profit margin: 28.32%

    Growth

    • EPS (past 5 years): 24.74%
    • EPS (current): 23.73
    • EPS estimate (next quarter): 6.03
    • EPS growth (this year): 33.06%
    • EPS growth (next year): 13.61%
    • EPS growth (next 5 years): 22.58%
    • EPS growth (quarter-over-quarter): 87.17%
    • Sales growth (past 5 years): 19.23%
    • Sales growth (quarter-over-quarter): 41.91%

    💡 Why invest in ASML?

    ASML's unique position at the heart of the semiconductor industry makes it an intriguing investment prospect. Here's why it could be a fruitful move:

    • Market Monopoly: ASML boasts a near-monopoly on high-end lithography systems, the essential tools for chipmaking giants. This translates to consistent revenue, unmatched brand recognition, and a formidable competitive edge.
    • Growth Engine: Organic innovation and strategic acquisitions fuel ASML's relentless growth. Its groundbreaking EUV technology, like a futuristic paintbrush for ultra-miniature circuits, unlocks faster, denser chip production and guarantees future market dominance.
    • Financial Rock Star: With impressive margins and a healthy cash flow, ASML stands on a rock-solid financial foundation, offering generous dividends for investors and the potential for strategic future investments.
    • Tech Trailblazer: From EUV to advanced metrology and inspection tools, ASML consistently pioneers cutting-edge solutions, ensuring its relevance in the ever-evolving chipmaking landscape and opening doors to new growth opportunities.

    🐌 Key considerations before investing in ASML

    While ASML's strengths are undeniable, some factors merit thoughtful consideration:

    • Valuation Concerns: The company is currently trading near all-time highs, meaning its price might already reflect much of its future growth potential. Waiting for a more attractive entry point might be prudent.
    • Cyclical Industry: The semiconductor sector is prone to boom-and-bust cycles, so economic downturns could impact ASML's revenue and profitability. Stay informed about broader economic trends and market fluctuations.
    • Intensifying Competition: Tech giants and emerging players are increasingly vying for market share, potentially challenging ASML's dominance in certain segments. Monitor competitor advancements and ASML's strategies to maintain its edge.
    • Geopolitical Risks: ASML's reliance on specific global trade routes and its role in a sensitive technology landscape make it susceptible to geopolitical tensions and regulations. Stay informed about international developments and their potential impact.

    Final thoughts on ASML

    Investing in ASML is a bet on the future of technology itself. Its market dominance, innovation engine, and financial strength paint a compelling picture for long-term investors. However, the current valuation, cyclical nature of the industry, emerging competition, and geopolitical risks warrant careful consideration. Thorough research and analysis of ASML's future plans and market dynamics are crucial before diving in. Remember, chipmaking might be microscopic, but the investment decisions surrounding it can have macroscopic consequences for your portfolio.

  • Adyen (AS:ADYEN)

    Adyen is a global financial technology company specializing in payment processing, risk management, and digital banking solutions for businesses. The company was founded in 2006 in the Netherlands by a group of entrepreneurs, including Pieter van der Does and Arnout Schuijff. Headquartered in Amsterdam, Adyen has grown into one of the leading payment platforms, serving major clients such as Spotify, Netflix, and eBay.

    Adyen's core business revolves around providing a seamless, end-to-end payment infrastructure that supports online, in-store, and mobile transactions. Its technology enables businesses to accept a wide range of payment methods, including credit cards, digital wallets, and local payment solutions, while also offering fraud prevention and data-driven insights. With a focus on innovation and scalability, Adyen continues to expand its global reach, helping merchants streamline their payment operations and enhance customer experiences.

    💡 Why invest in Adyen?

    Adyen offers several compelling reasons to consider investing:

    • Strong Growth Potential: Adyen benefits from the global shift to digital payments, with increasing e-commerce transactions driving revenue growth.
    • Scalable Business Model: The company's unified platform is highly scalable, allowing it to efficiently serve both small businesses and large enterprises worldwide.
    • High-Profile Client Base: Adyen processes payments for major companies like Netflix, Spotify, and Microsoft, reinforcing its reputation and revenue stability.
    • Operational Efficiency: By operating its own payments infrastructure, Adyen minimizes costs and enhances transaction speed compared to competitors relying on third-party systems.

    🐌 Key considerations before investing in Adyen

    However, prospective investors should weigh the following challenges:

    • Competitive Industry: The digital payments sector is highly competitive, with major players like PayPal, Stripe, and traditional banks posing significant threats.
    • Regulatory Challenges: As a global payments company, Adyen must navigate complex financial regulations and compliance requirements in multiple jurisdictions.
    • Economic Sensitivity: Consumer spending trends directly impact payment volumes, making Adyen vulnerable to economic downturns or recessions.
    • High Valuation Risks: Adyen's stock has historically traded at high valuations, which could lead to volatility if growth expectations are not met.

    Final thoughts on Adyen

    Adyen is a leading force in the digital payments industry, offering a scalable and efficient platform that caters to a diverse range of businesses. Its strong client base and focus on innovation provide a solid foundation for long-term growth, particularly as digital transactions continue to expand globally. However, regulatory risks, competition, and economic fluctuations remain key challenges that investors should consider before investing.