Explore Volvo Group
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Explore Volvo Group
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2024 Revenue
$51.0B
▲ 2.2% vs FY2023 ($49.9B)
Source: Annual report / company filing
AB Volvo reported $51.0B in revenue for fiscal year 2024. This represents a growth of 2.2% compared to the 2023 figure of $49.9B. In 2025, revenue declined to $46.4B.
AB Volvo's net sales reached $46.4 billion in 2024, up 2.2% from the prior year, as a 10.7% adjusted operating margin and $5.0 billion in adjusted operating income offset a cyclical downturn in North American and European truck orders.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $46.4B | $4.5B | -9.0% |
| FY2024 | $51.0B | — | +2.2% |
| FY2023 | $49.9B | — | +17.1% |
| FY2022 | $42.6B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.