AB Volvo Income Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	452,714	499,834	528,240	456,124	358,779
Other Revenue	26,469	26,982	24,012	17,355	13,437
Revenue	479,183	526,816	552,252	473,479	372,216
Revenue Growth (YoY)	-9.04%	-4.61%	16.64%	27.21%	9.98%
Cost of Revenue	344,198	364,161	386,029	351,100	274,763
Gross Profit	112,386	139,716	145,935	105,871	87,304
Selling, General & Admin	36,858	39,029	37,722	31,933	26,434
Research & Development	26,242	30,957	26,645	22,526	18,027
Other Operating Expenses	788	1,309	917	4,498	1,500
Operating Expenses	63,888	71,295	65,284	58,957	45,961
Operating Income	48,498	68,421	80,651	46,914	41,343
Interest Expense	-1,819	-1,592	-1,684	-1,205	-1,167
Interest & Investment Income	1,909	2,706	2,690	1,140	358
Earnings From Equity Investments	-1,630	-2,166	-2,568	-1,333	-54
Currency Exchange Gain (Loss)	-326	-275	-851	-331	-24
Other Non Operating Income (Expenses)	-878	-223	-729	-108	949
EBT Excluding Unusual Items	45,754	66,871	77,509	45,077	41,405
Merger & Restructuring Charges	-178	572	-2,570	-	157
Impairment of Goodwill	-	-483	-	-	-
Gain (Loss) on Sale of Investments	-24	-	-14	-	-15
Gain (Loss) on Sale of Assets	1,840	249	-2,199	-	1,643
Legal Settlements	-	-	-6,000	-	-
Pretax Income	47,392	67,209	66,726	45,077	43,190
Income Tax Expense	12,685	16,634	16,794	12,108	9,947
Earnings From Continuing Operations	34,707	50,575	49,932	32,969	33,243
Minority Interest in Earnings	-251	-186	-107	-247	-456
Net Income	34,456	50,389	49,825	32,722	32,787
Net Income to Common	34,456	50,389	49,825	32,722	32,787
Net Income Growth	-31.62%	1.13%	52.27%	-0.20%	69.72%
Shares Outstanding (Basic)	2,033	2,033	2,033	2,033	2,033
Shares Outstanding (Diluted)	2,033	2,033	2,033	2,033	2,033
Shares Change (YoY)	-	0.02%	-	-	-
EPS (Basic)	16.94	24.78	24.51	16.10	16.13
EPS (Diluted)	16.94	24.78	24.50	16.09	16.12
EPS Growth	-31.64%	1.14%	52.27%	-0.19%	69.68%
Free Cash Flow	27,251	32,552	8,276	12,788	15,530
Free Cash Flow Per Share	13.40	16.01	4.07	6.29	7.64
Dividend Per Share	8.500	8.000	7.500	7.000	6.500
Dividend Growth	6.25%	6.67%	7.14%	7.69%	8.33%
Gross Margin	23.45%	26.52%	26.42%	22.36%	23.46%
Operating Margin	10.12%	12.99%	14.60%	9.91%	11.11%
Profit Margin	7.19%	9.56%	9.02%	6.91%	8.81%
Free Cash Flow Margin	5.69%	6.18%	1.50%	2.70%	4.17%
EBITDA	55,951	75,336	86,979	52,854	46,811
EBITDA Margin	11.68%	14.30%	15.75%	11.16%	12.58%
D&A For EBITDA	7,453	6,915	6,328	5,940	5,468
EBIT	48,498	68,421	80,651	46,914	41,343
EBIT Margin	10.12%	12.99%	14.60%	9.91%	11.11%
Effective Tax Rate	26.77%	24.75%	25.17%	26.86%	23.03%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.