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.

Income statement · 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 revenue	126,273	110,765	123,804	110,692	122,896	121,792	138,412	116,978	140,249	131,177	147,988	132,275
Cost of revenue	89,494	77,774	88,494	78,738	90,786	86,179	98,421	80,224	95,574	89,942	104,680	91,480
Gross profit	31,256	27,612	29,579	26,411	26,543	29,854	34,067	31,035	38,901	35,712	37,771	35,472
Selling, general and administrative	9,774	9,225	9,676	8,564	9,393	9,226	10,550	8,770	9,970	9,738	10,530	9,081
Research and development	6,183	5,861	6,693	5,511	7,087	6,951	8,196	7,213	8,216	7,332	7,029	6,305
Operating income	13,338	10,943	11,518	13,161	10,450	13,368	14,584	14,605	20,931	18,302	28,894	19,151
EBIT	13,338	10,943	11,518	13,161	10,450	13,368	14,584	14,605	20,931	18,302	28,894	19,151
EBITDA	16,067	13,549	14,225	15,728	13,487	15,911	17,444	16,951	23,471	20,480	31,184	21,457
Interest expense	413	424	476	451	483	409	483	375	370	364	406	417
Pre-tax income	13,475	10,762	12,696	12,137	9,706	12,855	14,659	13,573	20,535	18,442	16,883	18,636
Income tax	3,101	2,445	3,081	4,554	2,180	2,871	3,843	3,500	4,952	4,339	4,797	4,543
Net income	10,371	8,315	9,615	7,540	7,412	9,890	10,741	10,017	15,551	14,080	12,053	14,092
Net income to common shareholders	10,371	8,315	9,615	7,540	7,412	9,890	10,741	10,017	15,551	14,080	12,053	14,092
Basic EPS	5.10	4.09	4.73	3.71	3.65	4.86	5.28	4.93	7.65	6.93	5.93	6.93
Diluted EPS	5.10	4.09	4.72	3.71	3.64	4.86	5.28	4.93	7.65	6.92	5.92	6.93
Average shares (basic)	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033
Average shares (diluted)	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033
Dividend per share	—	—	8.50	—	—	—	8.00	—	—	—	7.50	—