AB Volvo

VOLV.B · Nasdaq Stockholm · SEK

kr 314.80−1.13%−kr 3.60

Close · October 2, 2026

At a glance

Revenue growth: −9.04%; 2025 vs 2024
Net income growth: −31.62%; 2025 vs 2024
Net margin: 7.2%; 2024: 9.6%

Financial data

Amounts in millions of SEK; per-share values in SEK; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	678,690	682,483	648,590	644,975	677,596	687,673	714,564	672,330	698,838	719,866	674,068	680,150
Current assets	309,890	323,818	305,570	304,789	329,015	349,413	358,309	337,631	361,752	381,729	351,373	351,444
Cash and equivalents	46,971	72,452	73,361	56,953	61,459	90,714	85,171	68,529	66,902	91,263	83,326	65,148
Short-term investments	97.0	121	142	171	172	189	218	203	193	179	89.0	95.0
Receivables	61,439	59,609	47,822	59,866	57,609	63,791	62,131	66,677	71,489	68,851	60,263	78,182
Inventory	79,303	75,030	65,105	73,065	72,763	74,603	77,121	83,507	86,404	86,188	75,959	92,694
Net property, plant and equipment	134,248	131,061	124,244	120,418	118,772	118,906	125,072	114,768	115,541	114,364	110,303	111,531
Goodwill	27,892	27,762	23,659	23,842	23,586	24,269	25,143	—	—	—	—	—
Other intangible assets	29,251	25,265	22,769	21,237	19,970	19,370	19,046	42,757	43,246	43,553	42,377	43,305
Long-term investments	21,064	21,084	27,431	22,538	22,671	22,864	27,680	22,955	23,246	23,839	24,854	21,483
Current liabilities	280,945	271,383	265,914	271,113	296,230	264,402	280,989	261,129	298,260	334,317	284,361	293,090
Accounts payable	74,409	70,947	67,265	62,658	68,320	72,652	77,607	70,134	83,173	85,322	81,884	83,947
Long-term debt	144,113	145,135	132,118	129,527	140,699	150,771	154,927	151,169	146,072	143,583	135,288	129,143
Total debt	260,355	257,633	247,001	250,902	265,593	—	—	—	—	—	—	—
Total liabilities	501,997	491,696	470,112	473,108	510,588	488,486	517,203	490,025	523,098	556,013	493,329	502,927
Total equity (incl. minority)	176,693	190,787	178,478	171,867	167,008	199,187	197,361	182,305	175,740	163,853	180,739	177,223
Retained earnings	—	—	179,569	—	—	—	182,842	—	—	—	165,614	—
Minority interest	121	119	83.0	70.0	3,096	3,117	3,312	3,095	3,120	3,100	2,948	3,296