Swedbank
Financial Performance
Swedbank Revenue & Financials
Revenue
~$7.3B (FY2024)
Market Cap
$27.5B
Employees
17,000
What is Swedbank's revenue?
Swedbank had ~$7.3B in revenue for fiscal year 2024, down 0.6% from 2023.
- Latest revenue
- ~$7.3B (FY2024)
- Year-over-year
- -0.6%
- Growth rate (CAGR)
- 15.9% over 3 years
- Peak revenue
- ~$7.4B (FY2023)
- Years of data
- 4
- Employees
- 17,000
- How many employees does Swedbank have?
- Swedbank has about 17,000 employees.
Financial Analysis
Swedbank delivers outstanding financial profitability characterized by sector-leading return on equity, disciplined operating efficiency, and robust capital buffers. In fiscal 2024, Swedbank reported total income of SEK 73.2 billion and net profit of SEK 34.1 billion, driven by sustained net interest income of SEK 52.8 billion. The bank achieved a world-class cost-to-income ratio of 35.2%, reflecting lean digital operations across Sweden and the Baltics. Swedbank maintained an elite Common Equity Tier 1 (CET1) capital ratio of 19.3%, standing more than 380 basis points above regulatory minimums set by the Swedish Financial Supervisory Authority (Finansinspektionen). Swedbank rewarded shareholders with a progressive dividend policy, distributing a 65% cash payout ratio alongside share repurchase programs.
Revenue Trend Analysis
YoY Change
-0.6%
3-Year CAGR
+15.9%
Peak Year
2023
Trend
Mostly Growing
Swedbank has 4 full fiscal year figures on this page, compounding at +15.9% annually over 3 years. The most recent year saw a 0.6% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$7.4B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | ~$7.3B | -0.6% |
| FY2023 | ~$7.4B | +36.0% |
| FY2022 | ~$5.4B | +15.0% |
| FY2021 | ~$4.7B | — |
Click any row to see year details.
Keep researching Swedbank
Swedbank Revenue and Financial FAQ
What was Swedbank's revenue in 2024?
Swedbank achieved $73.20 billion in revenue for fiscal year 2024.
Is Swedbank profitable?
Swedbank's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Swedbank growing?
Swedbank has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Swedbank fund its capital expenditures?
Swedbank funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Swedbank's debt profile?
Swedbank maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Swedbank reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Swedbank Revenue & Financials." CorpDigest, https://corpdigest.com/company/swedbank/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Swedbank reported ~$7.3B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/swedbank/financials" target="_blank" rel="noopener">CorpDigest — Swedbank financials</a></div>Explore Swedbank
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