Volvo (VOLV B.ST) Stock Price

Volvo Price

OMX·CLOSED
354.60SEK-1.00 (-0.28 %)
Market closed

Over the last 10 years Volvo grew revenue by 4.4% annually, reaching 479.18 B SEK. Earnings per share have grown at 8.6% per year over the last 10 years. For Volvo, the net margin of 7.2% is down versus 8.8% a few years ago. At today's price the dividend yield works out to roughly 2.96%. The payout ratio is around 62% of earnings. The dividend has grown at 13.3% per year over the past 10 years. The consensus 12-month price target for Volvo is 357.00 SEK, about 0.7% above where the stock trades today. Of 26 analysts, 15 rate the stock a buy — an overall Buy consensus. The stock trades about 43% above its 52-week low.

Volvo stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Volvo over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Volvo stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Volvo's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Volvo Stock Price History
DateVolvo Price
8/10/2026354.60 SEK
8/7/2026355.60 SEK
8/6/2026362.00 SEK
8/5/2026366.40 SEK
8/4/2026367.30 SEK
7/31/2026364.30 SEK
7/30/2026364.30 SEK
7/29/2026364.10 SEK
7/28/2026362.40 SEK
7/27/2026355.50 SEK
7/24/2026354.80 SEK
7/23/2026350.10 SEK
7/22/2026348.00 SEK
7/21/2026339.50 SEK
7/20/2026338.70 SEK
7/17/2026337.60 SEK
7/16/2026341.30 SEK
7/15/2026338.50 SEK
7/14/2026337.10 SEK
7/13/2026336.20 SEK
7/10/2026336.90 SEK
7/9/2026334.40 SEK
7/8/2026336.80 SEK
7/7/2026340.20 SEK
7/6/2026342.40 SEK
7/3/2026336.90 SEK
7/2/2026332.30 SEK
7/1/2026327.50 SEK
6/30/2026329.50 SEK
6/29/2026323.50 SEK
6/26/2026324.60 SEK
6/25/2026329.10 SEK
6/24/2026318.20 SEK
6/23/2026317.50 SEK
6/22/2026314.30 SEK
6/18/2026318.50 SEK
6/17/2026320.10 SEK
6/16/2026319.90 SEK
6/15/2026324.70 SEK
6/12/2026320.40 SEK
6/11/2026312.20 SEK
6/10/2026308.80 SEK
6/9/2026318.90 SEK
6/8/2026323.60 SEK
6/5/2026321.50 SEK
6/4/2026325.80 SEK
6/3/2026327.80 SEK
6/2/2026327.20 SEK
6/1/2026314.60 SEK
5/29/2026325.50 SEK
5/28/2026323.40 SEK
5/27/2026325.20 SEK
5/26/2026320.60 SEK
5/25/2026322.00 SEK
5/22/2026314.80 SEK
5/21/2026313.10 SEK
5/20/2026312.80 SEK
5/19/2026310.20 SEK
5/18/2026313.40 SEK
5/15/2026317.20 SEK
5/13/2026318.00 SEK
5/12/2026319.00 SEK
5/11/2026324.20 SEK
5/8/2026323.80 SEK
5/7/2026327.80 SEK
5/6/2026330.60 SEK
5/5/2026318.00 SEK
5/4/2026312.70 SEK
4/30/2026319.10 SEK
4/29/2026318.20 SEK
4/28/2026320.50 SEK
4/27/2026319.50 SEK
4/24/2026322.10 SEK
4/23/2026317.20 SEK
4/22/2026317.90 SEK
4/21/2026320.10 SEK
4/20/2026322.80 SEK
4/17/2026328.30 SEK
4/16/2026316.10 SEK
4/15/2026318.60 SEK
4/14/2026322.80 SEK
4/13/2026320.60 SEK
4/10/2026326.30 SEK
4/9/2026322.40 SEK
4/8/2026332.60 SEK
4/7/2026308.80 SEK
4/2/2026308.60 SEK
4/1/2026314.70 SEK
3/31/2026305.50 SEK
3/30/2026300.20 SEK
3/27/2026300.10 SEK
3/26/2026300.40 SEK
3/25/2026303.80 SEK
3/24/2026299.80 SEK
3/23/2026297.30 SEK
3/20/2026288.10 SEK
3/19/2026294.80 SEK
3/18/2026312.40 SEK
3/17/2026319.60 SEK
3/16/2026320.30 SEK
3/13/2026324.00 SEK
3/12/2026334.10 SEK
3/11/2026331.70 SEK
3/10/2026333.70 SEK
3/9/2026321.20 SEK
3/6/2026335.50 SEK
3/5/2026339.73 SEK
2/27/2026350.60 SEK
2/26/2026351.09 SEK
2/25/2026352.61 SEK
2/23/2026350.41 SEK
2/20/2026349.67 SEK
2/19/2026351.46 SEK
2/18/2026343.80 SEK
2/17/2026340.88 SEK
2/16/2026343.25 SEK
2/13/2026342.32 SEK
2/12/2026349.60 SEK
2/11/2026345.75 SEK
2/10/2026343.50 SEK
2/9/2026343.06 SEK
2/6/2026346.07 SEK
2/5/2026346.04 SEK
2/4/2026349.72 SEK
2/3/2026338.06 SEK
2/2/2026329.69 SEK
1/30/2026322.68 SEK
1/29/2026323.74 SEK
1/28/2026323.44 SEK
1/27/2026316.98 SEK
1/26/2026315.66 SEK
1/23/2026315.01 SEK
1/22/2026314.47 SEK
1/21/2026305.46 SEK
1/20/2026304.70 SEK
1/19/2026307.48 SEK
1/16/2026315.50 SEK
1/15/2026315.50 SEK
1/14/2026309.34 SEK
1/13/2026305.30 SEK
1/12/2026309.77 SEK
1/9/2026310.79 SEK
1/8/2026307.60 SEK
1/7/2026305.83 SEK
1/6/2026298.80 SEK
1/5/2026298.70 SEK
1/2/2026296.72 SEK
12/30/2025296.94 SEK
12/29/2025294.80 SEK
12/23/2025292.08 SEK
12/22/2025293.00 SEK
12/19/2025294.19 SEK
12/18/2025297.75 SEK
12/17/2025290.80 SEK
12/16/2025292.75 SEK
12/15/2025295.44 SEK
12/12/2025296.65 SEK
12/11/2025296.73 SEK
12/10/2025289.80 SEK
12/9/2025292.15 SEK
12/8/2025296.24 SEK
12/5/2025296.50 SEK
12/4/2025285.52 SEK
12/3/2025279.65 SEK
12/2/2025282.50 SEK
12/1/2025282.90 SEK
11/28/2025282.80 SEK
11/27/2025284.60 SEK
11/26/2025283.00 SEK
11/25/2025281.10 SEK
11/24/2025274.32 SEK
11/21/2025269.25 SEK
11/20/2025266.75 SEK
11/19/2025267.19 SEK
11/18/2025260.90 SEK
11/17/2025264.50 SEK
11/14/2025268.23 SEK
11/13/2025268.74 SEK
11/12/2025269.61 SEK
11/11/2025267.80 SEK
11/10/2025265.72 SEK
11/7/2025259.51 SEK
11/6/2025263.45 SEK
11/5/2025262.92 SEK
11/4/2025257.28 SEK
11/3/2025262.12 SEK
10/31/2025260.84 SEK
10/30/2025261.77 SEK
10/29/2025262.54 SEK
10/28/2025260.16 SEK
10/27/2025261.15 SEK
10/24/2025260.04 SEK
10/23/2025257.80 SEK
10/22/2025257.27 SEK
10/21/2025256.87 SEK
10/20/2025255.06 SEK
10/17/2025248.65 SEK
10/16/2025268.20 SEK
10/15/2025265.20 SEK
10/14/2025264.58 SEK
10/13/2025267.53 SEK
10/10/2025269.64 SEK
10/9/2025269.05 SEK
10/8/2025269.36 SEK
10/7/2025269.22 SEK
10/6/2025276.15 SEK
10/3/2025275.90 SEK
10/2/2025273.90 SEK
10/1/2025269.68 SEK
9/30/2025269.50 SEK
9/29/2025269.90 SEK
9/26/2025276.00 SEK
9/25/2025267.00 SEK
9/24/2025273.80 SEK
9/23/2025277.70 SEK
9/22/2025272.74 SEK
9/19/2025276.50 SEK
9/18/2025276.90 SEK
9/17/2025274.96 SEK
9/16/2025274.45 SEK
9/15/2025274.22 SEK
9/12/2025274.09 SEK
9/11/2025274.70 SEK
9/10/2025272.70 SEK
9/9/2025273.72 SEK
9/8/2025272.14 SEK
9/5/2025277.07 SEK
9/4/2025275.81 SEK
9/3/2025277.87 SEK
9/2/2025281.26 SEK
9/1/2025290.70 SEK
8/29/2025291.72 SEK
8/28/2025292.62 SEK
8/27/2025292.00 SEK
8/26/2025293.32 SEK
8/25/2025298.50 SEK
8/22/2025297.16 SEK
8/21/2025294.12 SEK
8/20/2025296.50 SEK
8/19/2025296.72 SEK
8/18/2025290.27 SEK
8/15/2025294.34 SEK
8/14/2025291.20 SEK
8/13/2025289.98 SEK
Access this data via the Eulerpool API

Volvo Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
552.25 B SEK
81.79 B SEK
49.83 B SEK
Jan 1, 2024
526.82 B SEK
69.13 B SEK
50.39 B SEK
Jan 1, 2025
479.18 B SEK
49.48 B SEK
34.46 B SEK
Jan 1, 2026 (e)
487.97 B SEK
57.15 B SEK
42.60 B SEK
Jan 1, 2027 (e)
524.72 B SEK
66.91 B SEK
49.40 B SEK
Jan 1, 2028 (e)
548.39 B SEK
71.42 B SEK
53.25 B SEK
Jan 1, 2029 (e)
562.42 B SEK
72.23 B SEK
54.65 B SEK
Jan 1, 2030 (e)
593.18 B SEK
77.93 B SEK
0.00 SEK

Volvo Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 13, 2026, 7:02 AM
 
REVENUEB SEK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB SEK
EBITB SEK
EBIT MARGIN%
NET INCOMEB SEK
NET INCOME GROWTH%
DIV.SEK
DIV. GROWTH%
SHARESB
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
301.91332.74390.83431.98338.45372.22473.48552.25526.82479.18487.97524.72548.39562.42593.18631.45
-3.3910.2117.4610.53-21.659.9827.2116.64-4.61-9.041.837.534.512.565.476.45
23.2923.9022.3524.6323.3824.1123.6027.1327.3424.3924.3924.3924.3924.3924.3924.39
70.3179.5287.36106.3879.1389.75111.74149.84144.05116.87119.01127.97133.75137.17144.67154.01
21.6228.0833.2145.9229.1342.1249.7281.7969.1349.4857.1566.9171.4272.2377.93
7.168.448.5010.638.6111.3210.5014.8113.1210.3311.7112.7513.0212.8413.14
13.1520.4824.9035.8619.3232.7932.7249.8350.3934.4642.6049.4053.2554.65
-12.6955.8121.5444.03-46.1369.72-0.2052.271.13-31.6223.6215.977.792.63
3.003.254.255.006.507.0012.448.299.82
8.3330.7717.657.69-33.3618.46
2.032.032.032.032.032.032.032.032.032.032.032.032.032.032.032.03
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Volvo generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Volvo retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Volvo's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Volvo has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Volvo's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Volvo stock margins

The Volvo margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Volvo. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Volvo.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
24.11 %
11.32 %
8.81 %
Jan 1, 2022
23.60 %
10.50 %
6.91 %
Jan 1, 2023
27.13 %
14.81 %
9.02 %
Jan 1, 2024
27.34 %
13.12 %
9.56 %
Jan 1, 2025
24.39 %
10.33 %
7.19 %
Jan 1, 2026 (e)
24.39 %
11.71 %
8.73 %
Jan 1, 2027 (e)
24.39 %
12.75 %
9.41 %
Jan 1, 2028 (e)
24.39 %
13.02 %
9.71 %

Volvo Stock Revenue, EBIT, Earnings per Share

The Volvo earnings per share therefore indicates how much revenue Volvo has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
183.05 SEK
20.71 SEK
16.12 SEK
Jan 1, 2022
232.84 SEK
24.45 SEK
16.09 SEK
Jan 1, 2023
271.58 SEK
40.22 SEK
24.50 SEK
Jan 1, 2024
259.07 SEK
34.00 SEK
24.78 SEK
Jan 1, 2025
235.65 SEK
24.33 SEK
16.94 SEK
Jan 1, 2026 (e)
239.97 SEK
28.11 SEK
20.95 SEK
Jan 1, 2027 (e)
258.04 SEK
32.90 SEK
24.29 SEK
Jan 1, 2028 (e)
269.69 SEK
35.12 SEK
26.19 SEK

Volvo business model & stock analysis

Volvo AB is a Swedish company that operates in the commercial vehicles and construction equipment sectors. It was founded in 1927 by Gustaf Larson and Assar Gabrielsson. The name Volvo means "I roll" in Latin. The business model of Volvo AB is to produce vehicles and machinery for use in the industry. The company is one of the largest commercial vehicle producers worldwide. In addition to trucks, Volvo also produces buses and construction equipment. Volvo is known for its high safety standards for its vehicles and machinery. The Swedish brand places great importance on innovative technologies that are designed to ensure the protection of people and the environment. The history of Volvo AB dates back to 1915. However, at that time, the company was not yet an independent entity, but rather a division of SKF Ball Bearing Factory. This division was responsible for producing bearings for the automotive industry. In 1926, the two best employees of SKF - Gustaf Larson and Assar Gabrielsson - decided to start their own company. They had the vision of creating a vehicle company that could conquer the Swedish roads. Just one year later, in April 1927, the first production of Volvo vehicles began. Volvo is divided into three divisions: Trucks, Construction Equipment, and Buses. Trucks: Volvo Trucks produces trucks and tractor units. Volvo Trucks is present in more than 130 countries and has 24 production facilities worldwide. The focus is on specialized vehicles that meet the needs of customers. This includes the development of electric trucks. Construction Equipment: The Construction Equipment division of Volvo produces excavators, wheel loaders, and compact loaders. Volvo Construction Equipment specializes in the areas of mining, handling, soil compaction, environment, and transportation. To meet the requirements of modern construction sites, the company relies on a combination of advanced technology, control, and service. Buses: Volvo Buses produces city and coach buses. The company aims to reduce environmental impact through public transportation. To achieve this, Volvo has invested heavily in the development of hybrid and electric vehicles. Volvo Buses is considered a pioneer in electromobility in public transportation. Volvo offers a wide range of vehicles and machinery, including: - Trucks: Volvo produces trucks and tractor units known for their efficiency and performance. The trucks are available in various sizes and configurations. - Construction Equipment: Volvo offers excavators, wheel loaders, and compact loaders, using advanced technologies to enable efficient utilization of the machinery. - Buses: Volvo produces city and coach buses known for their quality and reliability. Volvo Buses is a frontrunner in electromobility in public transportation. In summary, Volvo AB is a company specializing in the production of commercial vehicles and construction equipment. The Swedes are known for their innovative technologies that aim to ensure the protection of people and the environment. With its three divisions - Trucks, Construction Equipment, and Buses - Volvo meets the needs of its customers in many areas. Volvo is a company that focuses on sustainability and environmental protection, making significant efforts to create a green future.

Volvo SWOT Analysis

Strengths

Volvo AB, a renowned Swedish multinational manufacturing company, possesses several strengths that contribute to its success in the global market. Firstly, Volvo has a strong brand reputation for producing reliable and high-quality vehicles, which increases customer trust and loyalty. Secondly, the company offers a diverse range of products, including trucks, construction equipment, and buses, which enables it to cater to different customer needs and expand its market reach. Moreover, Volvo has a strong focus on safety innovation, making it a leader in providing advanced safety features in its vehicles, giving it a competitive edge in the industry. Lastly, the company has a wide global presence and an extensive distribution network, allowing it to effectively serve customers in various markets around the world.

Weaknesses

Despite its strengths, Volvo AB also faces some weaknesses that need to be addressed to maintain its market position. One major weakness is the company's relatively higher pricing compared to its competitors, which may deter price-sensitive customers. Additionally, Volvo has faced challenges in penetrating certain emerging markets due to strong competition from local manufacturers and established international brands. The company also experiences higher production costs, particularly in labor-intensive regions, which could impact its profitability. Addressing these weaknesses will be crucial for Volvo to maintain its competitive position and market share.

Opportunities

Volvo AB has several opportunities to leverage and expand its business. Firstly, the increasing global demand for electric vehicles presents a significant opportunity for Volvo to further develop and promote its electric vehicle lineup, which aligns with the growing trend towards sustainability and environmental consciousness. Secondly, the emerging markets in Asia, such as China and India, offer immense growth potential for Volvo's products. By strengthening its presence in these markets and adapting to local preferences and regulations, Volvo can tap into a large customer base. Additionally, strategic partnerships or collaborations with other companies in the tech industry can help Volvo incorporate advanced technologies and autonomous driving features into its vehicles, enhancing its competitiveness and attracting tech-savvy consumers.

Threats

Volvo AB must be mindful of various threats that could impact its business operations. Firstly, intense competition from other global automobile manufacturers poses a significant threat to Volvo's market share. The industry's dynamic nature requires Volvo to continuously innovate and differentiate its products to stay ahead. Secondly, economic downturns and fluctuations in global markets can impact consumer purchasing power and reduce demand for vehicles, which could affect Volvo's sales and profitability. Furthermore, stringent government regulations related to emissions and safety standards, especially in key markets, can pose challenges for Volvo in terms of compliance and technological advancements. Keeping a close eye on these threats and implementing effective strategies will be crucial for Volvo to navigate potential risks and maintain its growth trajectory.

Volvo Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Volvo historical P/E ratio, EBIT multiple, and P/S ratio

Volvo annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Volvo shares outstanding

The number of shares of Volvo was 2.03 B in 2025. This indicates how many shares Volvo is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
2.03 B Stocks
Jan 1, 2022
2.03 B Stocks
Jan 1, 2023
2.03 B Stocks
Jan 1, 2024
2.03 B Stocks
Jan 1, 2025
2.03 B Stocks
Jan 1, 2026 (e)
2.03 B Stocks
Jan 1, 2027 (e)
2.03 B Stocks
Jan 1, 2028 (e)
2.03 B Stocks

Volvo stock splits

In Volvo's history, there have been no stock splits.

Volvo Dividend History

35 years of dividend payments

YearAnnual DividendYoY ChangePayments
20264.50SEKYTD
Apr 9, 20264.50SEK 57.1%1/1
202510.50SEK 0.0%
Apr 3, 202510.50SEK 0.0%1/1
202410.50SEK 50.0%
20237.00SEK 7.7%
20226.50SEK 64.9%
202118.50SEK 270.0%
20195.00SEK 17.6%
20184.25SEK 30.8%
20173.25SEK 8.3%
20163.00SEK 0.0%

Volvo dividend history and estimates

In 2025, Volvo paid a dividend amounting to 10.50 SEK. Dividend means that Volvo distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021 (e)
18.50 SEK
0.00 SEK
0.00 SEK
Jan 1, 2022
6.50 SEK
0.00 SEK
18.50 SEK
Jan 1, 2023
7.00 SEK
0.00 SEK
0.00 SEK
Jan 1, 2024 (e)
10.50 SEK
0.00 SEK
0.00 SEK
Jan 1, 2025 (e)
10.50 SEK
0.00 SEK
10.50 SEK
Jan 1, 2026 (e)
4.50 SEK
7.94 SEK
10.50 SEK
Jan 1, 2027 (e)
0.00 SEK
8.29 SEK
4.50 SEK
Jan 1, 2028 (e)
0.00 SEK
9.82 SEK
0.00 SEK

Volvo dividend payout ratio

In 2025, Volvo had a payout ratio of 61.97%. The payout ratio indicates the percentage of the company's profits that Volvo distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
114.74 %
Jan 1, 2022
40.39 %
Jan 1, 2023
28.57 %
Jan 1, 2024
42.37 %
Jan 1, 2025
61.97 %
Jan 1, 2026 (e)
59.38 %
Jan 1, 2027 (e)
34.14 %
Jan 1, 2028 (e)
37.52 %

Current Volvo forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
6.38 %
Buy
57.69 % (15)
Hold
38.46 % (10)
Sell
3.85 % (1)
12M Price Target
357.00
Last Price
347.90
Currency
SEK
12M Return Potential
2.62 %
LTM Return
0 %

Volvo Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/18/20245.33SEK-126.81 BSEK-2024 Q1
1/24/20246.21SEK-136.59 BSEK-2023 Q4

EESG©

Eulerpool ESG Scorecard© for the Volvo stock

80/100
85
Environment
82
Social
73
Governance
E

Environment

20
Scope 1 - Direct Emissions209,000
Scope 2 - Indirect emissions from purchased energy165,000
Scope 3 - Indirect emissions within the value chain287,000,000
Total CO₂ emissions374,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees23
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Volvo shareholder structure

% Name
4.21747%
Swedbank Robur Fonder AB
Swedbank Robur Fonder AB
1.03811%
Fidelity International
Fidelity International
0.98289%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
0.87973%
Första AP-Fonden
Första AP-Fonden
0.85238%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.84863%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
...

Volvo Executives and Management Board

31 members · avg. age 59 · 35 % women

ML

Mr. Martin Lundstedt (58)

President, Chief Executive Officer, Member of the Group Executive Board, Director · since 2015

69.64 M SEK

Management

MB

Mr. Mats Backman (56)

Executive Vice President, Group Finance, and Chief Financial Officer, Member of the Executive Board

LS

Mr. Lars Stenqvist (58)

Executive Vice President - Group Trucks Technology, Group Chief Technology Officer, Member of the Group Executive Board

NA

Ms. Nina Aresund (51)

Executive Vice President - Group Legal and Compliance, General Counsel, Secretary to the Board, Member of the Executive Board

DN

Ms. Diana Niu (58)

Executive Vice President - Group People and Culture, Member of the Group Executive Board

RA

Mr. Roger Alm (63)

Executive Vice President of Volvo Group, President - Volvo Trucks, Member of the Group Executive Board

BB

Mr. Bruno Blin (62)

Executive Vice President of Volvo Group, President - Renault Trucks, Member of the Group Executive Board

Board of Directors

PB

Mr. Par Boman (64)

Non-Executive Chairman of the Board

4.81 M SEK
EE

Mr. Eric Elzvik (65)

Independent Director

1.83 M SEK
MB

Ms. Martha Brooks (66)

Independent Director

1.77 M SEK
KJ

Mr. Kurt Jofs (67)

Independent Director

1.68 M SEK
MA

Mr. Matti Alahuhta (73)

Independent Director

1.57 M SEK
LA

Mr. Lars Ask (66)

Director, Employee Representative

1.44 M SEK

Frequently asked questions about Volvo

The business model of Volvo AB is focused on being a leading manufacturer of commercial vehicles, including trucks, buses, and construction equipment. Volvo AB operates through different segments, including Trucks, Construction Equipment, Buses, Volvo Penta, and Financial Services. With a strong emphasis on quality, safety, and sustainability, Volvo AB aims to provide innovative and efficient transportation solutions to meet the diverse needs of customers worldwide. By continually investing in research and development, Volvo AB strives to strengthen its position in the market and deliver reliable and technologically advanced vehicles and services.

Volvo AB is primarily active in the automotive and manufacturing industries.

Some of Volvo AB's main competitors in the market include Daimler AG, AB Volvo Group, Volkswagen AG, PACCAR Inc., and Toyota Motor Corporation.

Volvo AB, a renowned Swedish multinational manufacturing company, has a rich history and solid background. Founded in 1927, it initially focused on producing cars with a strong emphasis on safety and reliability. Over the years, Volvo expanded its product portfolio to include commercial vehicles, such as trucks, buses, and construction equipment. Known for its innovative engineering and commitment to safety, Volvo has become a global leader in the automotive and transportation industries. Today, the company continues to prioritize sustainability and cutting-edge technologies, striving to shape the future of mobility. With a strong heritage of craftsmanship and durability, Volvo AB has earned a reputable position in the global market.

Some significant milestones achieved by Volvo AB include the development of the three-point safety belt in 1959, which became a standard safety feature in cars worldwide. In 1999, Volvo AB sold its car division to focus on commercial vehicles, positioning itself as a global leader in the truck industry. The company also introduced innovative technologies such as the Volvo FH and FH16 trucks with advanced driver assist systems. Volvo AB has extended its sustainability efforts by aiming for an all-electric fleet by 2040 and has been recognized for its commitment to safety and environmental responsibility.

Volvo AB is primarily present in several countries and regions worldwide. Some key markets for Volvo AB include Europe, North America, China, and the Asia-Pacific region. With its global reach, Volvo AB has established a strong presence in countries such as Sweden, United States, Germany, France, and China, among others. The company's extensive global footprint allows it to serve a diverse customer base and cater to different regional needs. Volvo AB's widespread presence strategically positions the company to thrive and succeed in the competitive automotive and transportation markets across the world.

Volvo AB is a renowned Swedish company that upholds specific values and corporate philosophies. This leading manufacturer of commercial vehicles, such as trucks, buses, and construction equipment, places safety, quality, and environmental sustainability at the forefront of its operations. With a commitment to protecting people and minimizing its environmental impact, Volvo AB strives to create innovative and reliable transportation solutions. Guided by its core values of quality, safety, and environmental care, this esteemed company aims to contribute to society's progress while ensuring customer satisfaction. Volvo AB's dedication to these principles is reflected in its exceptional products and services.

Analysts currently set an average price target of 337.53 SEK for the Volvo stock (median: 357.00 SEK), implying -3.0 % versus the latest price. The consensus is based on 26 analyst ratings.

26 analysts currently rate the Volvo stock: 15 recommend buying, 10 holding and 1 selling. For 2026, analysts expect Volvo to generate revenue of 487.97 B SEK and earnings per share of 20.95 SEK.

Converted at the current exchange rate, the Volvo share trades at 32.15 EUR (354.60 SEK).

The Volvo share (VOLV B.ST) is listed on 10 stock exchanges, including: Frankfurt (VOL1.F), München (VOL1.MU), Düsseldorf (VOL1.DU), London (0HTP.L), SIX (Zürich) (VOLVB.SW).

Volvo AB is a Swedish automotive manufacturer and manufacturer of commercial vehicles, as well as technology and financial services. The company is divided into four main segments: Trucks, Construction Equipment, Buses, and Volvo Penta (a chainsaw and boat engine manufacturer). In the truck segment, Volvo offers a wide range of heavy and medium-duty trucks suitable for various transportation requirements. The company also provides a comprehensive support and after-sales service network to assist potential customers. To meet the needs of its customers, Volvo also offers specialized solutions, such as the construction of commercial vehicles for construction sites, mining, and other demanding applications. The construction equipment segment is also an important part of Volvo's business model. The company offers a variety of equipment for mining, construction, and engineering projects. These include dump trucks, backhoe loaders, crawler excavators, and hydraulic excavators. In this area, Volvo has also expanded its range of electric excavators and autonomous machines to ensure more environmentally friendly and efficient performance. In addition to trucks and construction equipment, Volvo also offers buses for passenger transport. The vehicles are used for city and intercity transportation and range from small minibusses to fully equipped coaches. To increase safety and comfort for passengers, Volvo offers a range of innovative technologies, such as automatic emergency braking and collision avoidance sensors. Another important segment for Volvo is the marine and industrial engines sector, where the company offers engines for boats, power generators, and industrial applications under the brand "Volvo Penta". The engines are optimized for a variety of uses, including high-speed boat racing, demanding maritime jobs, and energy-efficient power generators. Ultimately, Volvo is not only a manufacturer of mobility solutions but also a company that offers its customers a variety of additional services. For customers who want to finance their trucks and construction equipment, Volvo Financial Services offers a variety of financing options. Additionally, Volvo also provides support and after-sales services such as maintenance, inspections, repairs, and spare parts delivery. Overall, Volvo has established itself as an exceptional automotive and commercial vehicle manufacturer by offering innovative products and comprehensive services tailored to the needs of its customers. By focusing on its customers' needs and creating value, the company has become a market leader in the industry, offering a wide range of vehicles and services to meet their requirements.

The expected revenue of Volvo is 487.97 B SEK. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Volvo is 42.60 B SEK. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Volvo is currently 16.93. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Volvo stock.

The price-to-sales ratio (P/S) of Volvo is currently 1.48. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Volvo stock.

The Eulerpool Quality Score for Volvo is 4/10.

The ISIN of Volvo is SE0000115446. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Volvo is 855689. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Volvo is VOLV B.ST. The ticker symbol is used to trade Volvo shares on the stock exchange.

Over the past 12 months, Volvo paid a dividend of 10.50 SEK . This corresponds to a dividend yield of about 2.96 %. For the coming 12 months, Volvo is expected to pay a dividend of 8.29 SEK.

The current dividend yield of Volvo is 2.96 %.

Volvo pays a dividend, distributed in the months of , , , .

Volvo paid dividends every year for the past 5 years.

For the upcoming 12 months, dividends amounting to 8.29 SEK are expected. This corresponds to a dividend yield of 2.34 %.

Volvo is assigned to the 'Industry' sector.

To receive the latest dividend of Volvo from amounting to 4.5 SEK, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Volvo distributed 10.5 SEK as dividends.

The dividends of Volvo are distributed in SEK.

All fundamentals and in-depth analysis of Volvo

Our stock analysis for Volvo stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Volvo. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.