What was Volvo Car AB's revenue in 2023?

Volvo Car AB reported $37.6B in revenue for fiscal year 2023. This represents a +8.7% change compared to 2022.

How did Volvo Car AB's revenue change from 2022 to 2023?

Volvo Car AB revenue grew from $34.6B in 2022 to $37.6B in 2023, a change of 8.7%.

Was 2023 Volvo Car AB's best revenue year?

No. Volvo Car AB's highest recorded revenue year was 2024 at $39.8B. In 2023, Volvo Car AB reported $37.6B.

What was Volvo Car AB's highest ever annual revenue?

Volvo Car AB's highest ever annual revenue was $39.8B recorded in fiscal year 2024.

Volvo Car AB Revenue in 2023: $37.6B | CorpDigest

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Volvo Car AB

Automotive ManufacturingFounded 1927- Updated June 2025

Reviewed by Swet Parvadiya

Last reviewed: June 2025

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.

CorpDigest

Year	Revenue	Net Income	YoY Change
FY2024	$39.8B	$1.8B	+5.9%
FY2023	$37.6B	—	+8.7%
FY2022	$34.6B	—	—

Year	Revenue	Net Income	YoY Change
FY2024	$39.8B	$1.8B	+5.9%
FY2023	$37.6B	—	+8.7%
FY2022	$34.6B	—	—

Volvo Car AB Revenue in 2023

Revenue by Year

Volvo Car AB Annual Revenue History

Volvo Car AB Revenue in 2023

Revenue by Year

Volvo Car AB Annual Revenue History