AB Volvo
Financial Performance
Volvo Group Revenue & Financials
Revenue
~$47.9B (FY2025)
Net Income
~$3.4B
Employees
100,000
What is Volvo Group's revenue?
Volvo Group had ~$47.9B in revenue for fiscal year 2025, down 9% from 2024. Net income was ~$3.4B.
- Latest revenue
- ~$47.9B (FY2025)
- Year-over-year
- -9%
- Growth rate (CAGR)
- 6.5% over 4 years
- Peak revenue
- ~$55.2B (FY2023)
- Years of data
- 5
- Employees
- 100,000
- How much profit does Volvo Group make?
- Volvo Group reported net income of ~$3.4B for fiscal year 2025. stockanalysis.com
- How many employees does Volvo Group have?
- Volvo Group has about 100,000 employees.
Financial Analysis
Volvo Group's FY2025 net sales fell 9% to ~$47.9 billion (SEK 479.2 billion) from ~$52.7 billion (SEK 526.8 billion) in 2024 as truck and construction-equipment demand cooled and the SDLG divestment reduced reported sales. Adjusted operating income was ~$5.12 billion (SEK 51.2 billion) (10.7% margin) against ~$6.57 billion (SEK 65.7 billion) (12.5%) a year earlier, and earnings per share were SEK 16.94. The board proposed an ordinary dividend of SEK 8.50 plus an extra SEK 4.50 per share. In Q2 2026 net sales rose 3% to ~$12.6 billion (SEK 126.3 billion) (7% organic growth) and adjusted operating income climbed to ~$1.48 billion (SEK 14.8 billion), an 11.7% margin.
Revenue Trend Analysis
YoY Change
-9%
4-Year CAGR
+6.5%
Peak Year
2023
Trend
Mostly Growing
AB Volvo has 5 full fiscal year figures on this page, compounding at +6.5% annually over 4 years. The most recent year saw a 9% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$55.2B. Of 4 comparable year-over-year steps, 2 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$47.9B | ~$3.4B | -9.0% | AB Volvo (STO:VOLV.B) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-12-31. Net income attributable to owners of AB Volvo (EPS SEK 16.94). |
| FY2024 | ~$52.7B | ~$5B | -4.6% | AB Volvo (STO:VOLV.B) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-12-31. |
| FY2023 | ~$55.2B | ~$5B | +16.6% | AB Volvo (STO:VOLV.B) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-12-31. |
| FY2022 | ~$47.3B | ~$3.3B | +27.2% | AB Volvo (STO:VOLV.B) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-12-31. |
| FY2021 | ~$37.2B | ~$3.3B | — | AB Volvo (STO:VOLV.B) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2021-12-31. |
Click any row to see year details.
Keep researching Volvo Group
Volvo Group Revenue and Financial FAQ
What were Volvo Group's total net sales and operating income in FY2025?
In FY2025, Volvo Group reported net sales of SEK 479.2 billion (~$47.9 billion USD) and adjusted operating income of SEK 51.2 billion (~$5.12 billion USD), maintaining a strong 10.7% operating margin despite a cyclical normalization in freight demand.
What was Volvo Group's earnings per share (EPS) in FY2025?
Diluted earnings per share reached SEK 16.94 in FY2025, supported by disciplined pricing, high aftermarket service demand, and operational flexibility.
What is Volvo Group's dividend policy and typical shareholder distribution?
Volvo distributes high cash returns to shareholders; for FY2025, the Board proposed an ordinary dividend of SEK 8.50 per share plus an extraordinary dividend of SEK 4.50 per share (totaling SEK 13.00 per share).
What is the net financial position of Volvo's Industrial Operations?
Volvo maintains an exceptionally pristine balance sheet with zero net debt in its Industrial Operations, ending FY2025 with an industrial net cash position of approximately SEK 65 billion to SEK 70 billion.
How much operating cash flow does Volvo Group generate annually?
Industrial operating cash flow consistently exceeds SEK 35 billion to SEK 45 billion annually, allowing Volvo to fully fund capital investments, R&D, and substantial dividend distributions without borrowing.
How many trucks and construction machines does Volvo deliver each year?
Volvo delivers approximately 210,000 to 240,000 commercial trucks and 55,000 to 70,000 construction machines worldwide annually, tracking global freight and infrastructure activity.
What is the financial performance of Volvo Construction Equipment (Volvo CE)?
Volvo CE generates roughly SEK 85 billion to SEK 95 billion in annual net sales with operating margins typically ranging between 11% and 13%, driven by premium crawler excavators, articulated haulers, and wheel loaders.
What is the Return on Capital Employed (ROCE) in Industrial Operations?
Industrial ROCE frequently exceeds 25% to 30%, reflecting high asset turnover and disciplined capital expenditure allocation across assembly plants.
How do currency fluctuations (SEK vs USD and EUR) affect reported earnings?
Because a substantial portion of sales are in USD and EUR while significant engineering and manufacturing overhead is in Swedish krona, a weaker SEK acts as a substantial tailwind for reported operating profit.
What share classes exist on Nasdaq Stockholm for AB Volvo?
AB Volvo has two listed share classes: Class A shares (VOLV A, with one vote per share) and Class B shares (VOLV B, with one-tenth vote per share, carrying higher daily trading liquidity).
Who are Volvo Group's largest institutional shareholders?
Major shareholders include Swedish investment holding company Industrivärden (~8.9% capital, ~27.8% voting rights) and Geely Holding Group (~8.2% capital, ~15.9% voting rights).
What is management's financial guidance across the business cycle?
At its Capital Markets Day, Volvo reiterated its target of delivering an operating margin above 10% across a full economic cycle, demonstrating structural resilience compared to historic single-digit cycles.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Volvo Group Revenue & Financials." CorpDigest, https://corpdigest.com/company/volvo/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>Volvo Group reported ~$47.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/volvo/financials" target="_blank" rel="noopener">CorpDigest — Volvo Group financials</a></div>Related Financial Audits
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