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

AB Volvo reported $49.9B in revenue for fiscal year 2023. This represents a +17.1% change compared to 2022. Consolidated revenue climbed to $49.9 billion in 2023, a 17.1% jump over 2022, reflecting strong pricing power and a favorable product mix before freight rates began normalizing across key markets.

FY2023 Revenue

$49.9B

▲ 17.1% vs FY2022 ($42.6B)

Source: Annual report / company filing

AB Volvo reported $49.9B in revenue for fiscal year 2023. This represents a growth of 17.1% compared to the 2022 figure of $42.6B. In 2024, revenue increased to $51.0B.

Consolidated revenue climbed to $49.9 billion in 2023, a 17.1% jump over 2022, reflecting strong pricing power and a favorable product mix before freight rates began normalizing across key markets.

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.

← Previous year

FY2022: $42.6B

Next year →

FY2024: $51.0B

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