Swedish multinational manufacturing company producing trucks, buses, construction equipment, and marine and industrial engines worldwide.
Profile & Fundamentals
Volvo AB (publ): Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Volvo AB (publ) Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
Company Profile & Ownership
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company operates through Industrial Operations - Trucks, Industrial Operations - Construction Equipment, Industrial Operations - Buses, Industrial Operations - Volvo Penta, Industrial Operations - Group Functions & Other, and Financial Services segments. The company offers heavy-duty trucks for long-haulage and construction work, and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands. It also provides haulers, wheel loaders, excavators, road construction machines, and compact equipment under the Volvo, SDLG, and Rokbak brands. In addition, the company offers engines and power solutions for industrial off-highway applications and power generation, as well as for leisure boats, yachts, and commercial vessels under the Volvo Penta brand. Further, it provides customer support agreements, machine control systems, attachments, financing, and leasing; and insurance, rentals, spare parts, repairs, preventive maintenance, uptime and service agreements, and assistance services. It serves customers primarily in the transportation, infrastructure, construction, marine, industrial, and public transportation industries. The company offers its products and services through a network of dealers. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.
Company profile record
AB Volvo (publ)
Common Stock · Industrials · Construction Machinery & Heavy Transportation Equipment
Company
- Company / asset
- AB Volvo (publ)
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Construction Machinery & Heavy Transportation Equipment
- HQ
- 🇸🇪 Sweden
- Head office
- Gropegårdsgatan 2, Gothenburg, Sweden, 417 15
Leadership & scale
- Chief executive
- Mr. Martin Lundstedt M.Sc.
- CEO year born
- 1967
- Full-time employees
- 89.4K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- SEK 642.0B
- P/E
- 17.9x
- Revenue (Q2 26)
- SEK 126.3B
- Profit (Q2 26)
- SEK 10.4B
- Dividend Yield
- 2.9%
- Revenue (FY 25)
- SEK 479.2B
- Shares in public float
- 1.9B
- Insider ownership
- 57.87%
Reporting & identifiers
- Symbol
- VOLV-B.STO
- Listing
- 🇸🇪 Sweden | Dividend Tax: 30%
- Ticker Currency
- SEK
- Income Statement Currency
- SEK
- Balance Sheet Currency
- SEK
- Cash Flow Currency
- SEK
- EPS Currency
- SEK
- Contract Type
- SPOT
- ISIN
- SE0000115420
- Asset ID
- equity_739cdc9f-d524-52db-ad09-5d7c5f3b8334
Ownership
Shares Outstanding
Latest: 2.0B | Max: 2.0B | Min: 2.0B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
95.55%
1.9B latest reported shares
Insider Ownership
57.87%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 2,032,000,000 |
| 2018-01-01 | 2,032,000,000 |
| 2019-01-01 | 2,033,000,000 |
| 2020-01-01 | 2,033,000,000 |
| 2021-01-01 | 2,033,000,000 |
| 2022-01-01 | 2,033,452,100 |
| 2023-01-01 | 2,033,000,000 |
| 2024-01-01 | 2,033,000,000 |
| 2025-01-01 | 2,033,000,000 |
| 2026-01-01 | 2,033,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's latest financial results show a sharp operational rebound following the 2025 freight slowdown. Second-quarter 2026 revenue reached SEK 126.3 billion with 7% organic growth, while net income rose 40% year-over-year to SEK 10.37 billion. This recovery was powered by robust commercial truck pricing, expanding construction equipment demand, and steady 7% growth in high-margin services. However, headline figures conceal an important cyclical reality. A significant portion of recent vehicle demand was borrowed from the future as North American fleet operators rushed orders ahead of 2027 emissions rules. While recurring maintenance and telematics services provide a dependable income floor, vehicle manufacturing revenue faces a temporary digestion phase once current order backlogs clear.
The company's latest financial results show a sharp operational rebound following the 2025 freight slowdown. Second-quarter 2026 revenue reached SEK 126.3 billion with 7% organic growth, while net income rose 40% year-over-year to SEK 10.37 billion. This recovery was powered by robust commercial truck pricing, expanding construction equipment demand, and steady 7% growth in high-margin services. However, headline figures conceal an important cyclical reality. A significant portion of recent vehicle demand was borrowed from the future as North American fleet operators rushed orders ahead of 2027 emissions rules. While recurring maintenance and telematics services provide a dependable income floor, vehicle manufacturing revenue faces a temporary digestion phase once current order backlogs clear.
Revenue, Net Income, and Free Cash Flow
Latest: SEK 479.2B | Max: SEK 552.3B | Min: SEK -2.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 17x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability has proven remarkably resilient compared to previous economic cycles. After operating margins dipped to 10.1% in 2025, they rebounded to an adjusted 11.7% in the second quarter of 2026. This strength stems from firm commercial vehicle pricing, flexible assembly shifts, and a higher mix of profitable aftermarket service contracts. The critical distinction lies between structural and cyclical drivers. High-margin parts and telematics subscriptions permanently raise the company's profitability floor above historical recession lows. However, vehicle pricing power will face pressure in 2027 as factory throughput temporarily slows, causing operating margins to normalize before resuming their upward trend.
Profitability has proven remarkably resilient compared to previous economic cycles. After operating margins dipped to 10.1% in 2025, they rebounded to an adjusted 11.7% in the second quarter of 2026. This strength stems from firm commercial vehicle pricing, flexible assembly shifts, and a higher mix of profitable aftermarket service contracts. The critical distinction lies between structural and cyclical drivers. High-margin parts and telematics subscriptions permanently raise the company's profitability floor above historical recession lows. However, vehicle pricing power will face pressure in 2027 as factory throughput temporarily slows, causing operating margins to normalize before resuming their upward trend.
Profitability Margins
Latest: 24.4% | Max: 27.3% | Min: 4.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
24.4%
Gross profit / revenue
Operating Margin
10.1%
Operating income / revenue
Net Margin
7.2%
Net income / revenue
FCF Margin
5.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 33,140,944,017.56 | 1,443,139,407.24 | -305,488,474.2 |
| 2017-12-31 | 40,577,804,878.05 | 2,558,658,536.59 | 2,239,634,146.34 |
| 2018-12-31 | 44,162,033,898.31 | 2,813,220,338.98 | 1,165,988,700.56 |
| 2019-12-31 | 46,151,709,401.71 | 3,831,303,418.8 | 1,820,299,145.3 |
| 2020-12-31 | 41,123,450,789.79 | 2,347,266,099.64 | 1,614,823,815.31 |
| 2021-12-31 | 41,174,336,283.19 | 3,626,880,530.97 | 1,306,194,690.27 |
| 2022-12-31 | 45,395,877,277.09 | 3,137,296,260.79 | 709,300,095.88 |
| 2023-12-31 | 54,841,310,824.23 | 4,947,864,945.38 | 821,847,070.51 |
| 2024-12-31 | 47,589,521,228.55 | 4,551,851,851.85 | 2,534,688,346.88 |
| 2025-12-31 | 52,028,555,917.48 | 3,741,150,922.91 | 2,958,849,077.09 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 17.49 | Trailing four quarters |
| 2024-12-31 | 10.9 | Trailing four quarters |
| 2023-12-31 | 10.89 | Trailing four quarters |
| 2022-12-31 | 12.31 | Annual net income |
| 2021-12-31 | 13.18 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 23.29 | 6.9 | 4.35 | -0.92 |
| 2017-12-31 | 23.9 | 8.92 | 6.31 | 5.52 |
| 2018-12-31 | 22.35 | 8.82 | 6.37 | 2.64 |
| 2019-12-31 | 24.63 | 11.47 | 8.3 | 3.94 |
| 2020-12-31 | 23.38 | 8.12 | 5.71 | 3.93 |
| 2021-12-31 | 24.11 | 11.57 | 8.81 | 3.17 |
| 2022-12-31 | 23.6 | 9.65 | 6.91 | 1.56 |
| 2023-12-31 | 27.13 | 12.19 | 9.02 | 1.5 |
| 2024-12-31 | 27.34 | 12.64 | 9.56 | 5.33 |
| 2025-12-31 | 24.39 | 10.12 | 7.19 | 5.69 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-08.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.