Volvo Car AB (publ.) (VLVOF)

Volvo Car AB (publ.) Income Statement

Financials in millions SEK. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	374,998	400,234	399,343	330,145	282,045	262,833
Revenue Growth (YoY)	-5.67%	0.22%	20.96%	17.05%	7.31%	-4.12%
Cost of Revenue	306,557	320,807	321,722	269,784	221,254	216,813
Gross Profit	68,441	79,427	77,621	60,361	60,791	46,020
Selling, General & Admin	34,655	37,447	38,595	32,485	28,698	24,457
Research & Development	18,906	16,983	12,884	11,514	12,714	11,362
Other Operating Expenses	-392	-1,654	-967	-756	-46	531
Operating Expenses	53,169	52,776	50,512	43,243	41,366	36,350
Operating Income	15,272	26,651	27,109	17,118	19,425	9,670
Interest Expense	-2,468	-2,935	-1,997	-1,045	-794	-1,167
Interest & Investment Income	2,405	2,718	2,791	852	600	550
Earnings From Equity Investments	-1,991	-4,722	-5,628	4,443	-951	-352
Currency Exchange Gain (Loss)	487	487	-1,570	888	1,821	-1,065
Other Non Operating Income (Expenses)	-944	534	349	-590	-440	-33
EBT Excluding Unusual Items	12,761	22,733	21,054	21,666	19,661	7,603
Gain (Loss) on Sale of Investments	-	-	-	-822	-901	1,943
Asset Writedown	-11,414	-14	-194	-29	-	-
Pretax Income	1,347	22,719	20,860	20,815	18,760	9,546
Income Tax Expense	1,628	6,785	6,794	3,812	4,583	1,758
Earnings From Continuing Operations	-281	15,934	14,066	17,003	14,177	7,788
Minority Interest in Earnings	1,671	-533	-1,013	-1,426	-1,631	-1,954
Net Income	1,390	15,401	13,053	15,577	12,546	5,834
Preferred Dividends & Other Adjustments	-	-	-	-	360	126
Net Income to Common	1,390	15,401	13,053	15,577	12,186	5,708
Net Income Growth	-91.32%	17.99%	-16.20%	24.16%	115.05%	-18.00%
Shares Outstanding (Basic)	2,971	2,977	2,980	2,980	2,580	2,500
Shares Outstanding (Diluted)	2,972	2,978	2,980	2,980	2,580	2,557
Shares Change (YoY)	-0.27%	-0.07%	0.03%	15.49%	0.90%	5013.88%
EPS (Basic)	0.47	5.17	4.38	5.23	4.72	2.28
EPS (Diluted)	0.47	5.17	4.38	5.23	4.72	2.28
EPS Growth	-91.29%	18.04%	-16.22%	10.76%	106.87%	-98.40%
Free Cash Flow	19,894	22,113	24,382	19,815	18,500	24,299
Free Cash Flow Per Share	6.69	7.42	8.18	6.65	7.17	9.50
Gross Margin	18.25%	19.84%	19.44%	18.28%	21.55%	17.51%
Operating Margin	4.07%	6.66%	6.79%	5.18%	6.89%	3.68%
Profit Margin	0.37%	3.85%	3.27%	4.72%	4.32%	2.17%
Free Cash Flow Margin	5.30%	5.53%	6.11%	6.00%	6.56%	9.25%
EBITDA	28,698	38,939	37,197	25,819	27,418	18,144
EBITDA Margin	7.65%	9.73%	9.31%	7.82%	9.72%	6.90%
D&A For EBITDA	13,426	12,288	10,088	8,701	7,993	8,474
EBIT	15,272	26,651	27,109	17,118	19,425	9,670
EBIT Margin	4.07%	6.66%	6.79%	5.18%	6.89%	3.68%
Effective Tax Rate	120.86%	29.87%	32.57%	18.31%	24.43%	18.42%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.