Volvo AB Income Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1987
Revenue	552,764	473,479	372,216	338,446	431,980	390,834	334,748	301,914	312,515	282,948	Upgrade
Revenue Growth (YoY)	16.75%	27.21%	9.98%	-21.65%	10.53%	16.75%	10.88%	-3.39%	10.45%	3.79%	Upgrade
Cost of Revenue	403,443	361,741	282,463	259,319	326,895	303,478	254,581	231,602	240,653	220,012	Upgrade
Gross Profit	149,321	111,738	89,753	79,127	105,085	87,356	80,167	70,312	71,862	62,936	Upgrade
Selling, General & Admin	42,497	34,924	28,829	31,131	38,938	36,688	34,224	31,988	33,463	32,856	Upgrade
Research & Development	26,645	22,526	18,027	16,798	18,539	15,899	16,098	14,631	15,368	16,656	Upgrade
Other Operating Expenses	0	4,641	779	2,066	978	1,563	1,120	699	2,645	1,729	Upgrade
Operating Expenses	69,142	62,091	47,635	49,995	58,455	54,150	51,443	47,318	51,476	51,241	Upgrade
Operating Income	80,179	45,712	43,074	27,484	49,531	34,478	30,327	20,826	23,318	5,824	Upgrade
Interest Income	2,690	1,008	358	299	320	199	164	240	257	328	Upgrade
Interest Expense	1,167	1,205	1,167	1,349	1,674	1,658	1,852	1,847	2,366	1,994	Upgrade
Other Expense / Income	15,083	685	-469	1,273	1,979	1,337	687	64	831	-795	Upgrade
Pretax Income	69,294	45,077	43,190	25,917	46,832	32,148	28,254	19,230	20,418	5,089	Upgrade
Income Tax	16,794	12,108	9,947	5,843	10,337	6,785	6,971	6,008	5,320	2,854	Upgrade
Net Income	49,825	32,722	32,787	19,318	35,861	24,897	20,981	13,147	15,058	2,099	Upgrade
Net Income Growth	52.27%	-0.20%	69.72%	-46.13%	44.04%	18.66%	59.59%	-12.69%	617.39%	-41.42%	Upgrade
Shares Outstanding (Basic)	2,033	2,033	2,033	2,033	2,033	2,032	2,032	2,031	2,030	2,028	Upgrade
Shares Outstanding (Diluted)	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,033	2,032	2,031	Upgrade
Shares Change	-0.02%	-	-	0.00%	0.02%	-	-	0.05%	0.05%	0.05%	Upgrade
EPS (Basic)	24.51	16.09	16.12	9.50	17.64	12.25	10.08	6.47	7.42	1.03	Upgrade
EPS (Diluted)	24.51	16.09	16.12	9.50	17.64	12.25	10.07	6.47	7.41	1.03	Upgrade
EPS Growth	52.33%	-0.19%	69.68%	-46.15%	44.00%	21.65%	55.64%	-12.69%	619.42%	-41.48%	Upgrade
Free Cash Flow	-1,990	7,398	11,808	13,290	17,038	10,319	18,365	-2,783	6,511	-10,012	Upgrade
Free Cash Flow Per Share	-0.98	3.64	5.81	6.54	8.38	5.08	9.03	-1.37	3.20	-4.93	Upgrade
Gross Margin	27.01%	23.60%	24.11%	23.38%	24.33%	22.35%	23.95%	23.29%	22.99%	22.24%	Upgrade
Operating Margin	14.51%	9.65%	11.57%	8.12%	11.47%	8.82%	9.06%	6.90%	7.46%	2.06%	Upgrade
Profit Margin	9.01%	6.91%	8.81%	5.71%	8.30%	6.37%	6.27%	4.35%	4.82%	0.74%	Upgrade
Free Cash Flow Margin	-0.36%	1.56%	3.17%	3.93%	3.94%	2.64%	5.49%	-0.92%	2.08%	-3.54%	Upgrade
Effective Tax Rate	24.24%	26.86%	23.03%	22.55%	22.07%	21.11%	24.67%	31.24%	26.06%	56.08%	Upgrade
EBITDA	98,532	69,725	61,096	51,659	69,227	53,525	46,870	39,880	41,579	27,894	Upgrade
EBITDA Margin	17.83%	14.73%	16.41%	15.26%	16.03%	13.70%	14.00%	13.21%	13.30%	9.86%	Upgrade
Depreciation & Amortization	18,353	20,729	18,720	20,599	20,586	18,439	16,869	16,764	16,807	15,930	Upgrade
EBIT	80,179	48,996	42,376	31,060	48,641	35,086	30,001	23,116	24,772	11,964	Upgrade
EBIT Margin	14.51%	10.35%	11.38%	9.18%	11.26%	8.98%	8.96%	7.66%	7.93%	4.23%	Upgrade

Sources: The data provider is Financial Modeling Prep and the numbers are sourced from SEC filings.