Was 2022 AB Volvo's best revenue year?

No. AB Volvo's highest recorded revenue year was 2024 at $51.0B. In 2022, AB Volvo reported $42.6B.

What was AB Volvo's highest ever annual revenue?

AB Volvo's highest ever annual revenue was $51.0B recorded in fiscal year 2024.

AB Volvo

Commercial Vehicles and Construction EquipmentFounded 1927

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Explore AB Volvo

Core profile pages, annual revenue records, and related research hubs for this company.

AB Volvo

Commercial Vehicles and Construction EquipmentFounded 1927

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Annual Revenue

AB Volvo Revenue in 2022

Q: What was AB Volvo's revenue in 2022?

AB Volvo reported $42.6B in revenue for fiscal year 2022. In 2022 the Volvo Group recorded $42.6 billion in net sales, the base year of the recent cycle before post-pandemic demand and pricing lifted its heavy-truck and construction-equipment revenue sharply.

FY2022 Revenue

$42.6B

Source: Annual report / company filing

AB Volvo reported $42.6B in revenue for fiscal year 2022. In 2023, revenue increased to $49.9B.

In 2022 the Volvo Group recorded $42.6 billion in net sales, the base year of the recent cycle before post-pandemic demand and pricing lifted its heavy-truck and construction-equipment revenue sharply.

Revenue by Year

FY2024 FY2023 FY2022

AB Volvo Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2024	$51.0B	$5.5B	+2.2%
FY2023	$49.9B	—	+17.1%
FY2022	$42.6B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2023: $49.9B

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