Volvo (VOLV B.ST) Stock Price

Volvo Price

🇸🇪OMX·CLOSED
324.60SEK
Market closed
Today +/-
Today %

Volvo (VOLV B.ST) Stock | ISIN SE0000115446 | WKN 855689. The current Volvo stock price is 324.6 SEK (2026). Revenue is 487.97 B SEK. Net income is 42.6 B SEK. The P/E ratio is 15.5. Market capitalization is 660.06 B SEK. Volvo operates in the Industry sector.

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 3.23%. The payout ratio is around 63% of earnings. The dividend has grown at 13.3% per year over the past 10 years.

Volvo stock price

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
Access this data via the Eulerpool API

Volvo Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2015
312.52 B SEK
20.39 B SEK
15.06 B SEK
Jan 1, 2016
301.91 B SEK
21.62 B SEK
13.15 B SEK
Jan 1, 2017
332.74 B SEK
28.08 B SEK
20.48 B SEK
Jan 1, 2018
390.83 B SEK
33.21 B SEK
24.9 B SEK
Jan 1, 2019
431.98 B SEK
45.92 B SEK
35.86 B SEK
Jan 1, 2020
338.45 B SEK
29.13 B SEK
19.32 B SEK
Jan 1, 2021
372.22 B SEK
42.12 B SEK
32.79 B SEK
Jan 1, 2022
473.48 B SEK
49.72 B SEK
32.72 B SEK
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
Invalid Date
487.97 B SEK
57.15 B SEK
42.6 B SEK
Invalid Date
524.72 B SEK
66.91 B SEK
49.4 B SEK
Invalid Date
548.39 B SEK
71.42 B SEK
53.25 B SEK
Invalid Date
562.42 B SEK
72.23 B SEK
54.65 B SEK

Volvo Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 28, 2026, 9:08 PM
 
REVENUE (B SEK)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B SEK)
NET INCOME (B SEK)
NET INCOME GROWTH (%)
DIV. (SEK)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
202420252026e2027e2028e2029e2030e2031e
526.82479.18487.97524.72548.39562.42593.18631.45
-4.61-9.041.837.534.512.565.476.45
27.3424.3923.9522.2721.3120.7819.718.51
144.05116.87116.87116.87116.87116.87116.87116.87
50.3934.4642.649.453.2554.65--
1.13-31.6223.6215.977.792.63
10.510.54.516.917.68---
50-57.14275.564.62
2.032.032.032.032.032.032.032.03
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.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2015
22.99 %
6.52 %
4.82 %
Jan 1, 2016
23.29 %
7.16 %
4.35 %
Jan 1, 2017
23.9 %
8.44 %
6.16 %
Jan 1, 2018
22.35 %
8.5 %
6.37 %
Jan 1, 2019
24.63 %
10.63 %
8.3 %
Jan 1, 2020
23.38 %
8.61 %
5.71 %
Jan 1, 2021
24.11 %
11.32 %
8.81 %
Jan 1, 2022
23.6 %
10.5 %
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 %
Invalid Date
24.39 %
11.71 %
8.73 %
Invalid Date
24.39 %
12.75 %
9.41 %
Invalid Date
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.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2015
153.8 SEK
10.03 SEK
7.41 SEK
Jan 1, 2016
148.51 SEK
10.64 SEK
6.47 SEK
Jan 1, 2017
163.67 SEK
13.81 SEK
10.08 SEK
Jan 1, 2018
192.24 SEK
16.33 SEK
12.25 SEK
Jan 1, 2019
212.44 SEK
22.58 SEK
17.64 SEK
Jan 1, 2020
166.44 SEK
14.33 SEK
9.5 SEK
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
24.5 SEK
Jan 1, 2024
259.07 SEK
34 SEK
24.78 SEK
Jan 1, 2025
235.65 SEK
24.33 SEK
16.94 SEK
Invalid Date
239.97 SEK
28.11 SEK
20.95 SEK
Invalid Date
258.04 SEK
32.9 SEK
24.29 SEK
Invalid Date
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

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 was Volvo in 2025 — This indicates how many shares 2.033 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2015
2.03 B base_Shares
Jan 1, 2016
2.03 B base_Shares
Jan 1, 2017
2.03 B base_Shares
Jan 1, 2018
2.03 B base_Shares
Jan 1, 2019
2.03 B base_Shares
Jan 1, 2020
2.03 B base_Shares
Jan 1, 2021
2.03 B base_Shares
Jan 1, 2022
2.03 B base_Shares
Jan 1, 2023
2.03 B base_Shares
Jan 1, 2024
2.03 B base_Shares
Jan 1, 2025
2.03 B base_Shares
Invalid Date
2.03 B base_Shares
Invalid Date
2.03 B base_Shares
Invalid Date
2.03 B base_Shares

Volvo Dividend History

35 years of dividend payments

YearAnnual DividendYoY ChangePayments
20264.5SEKYTD
Apr 9, 20264.5SEK 57.1%1/1
202510.5SEK 0.0%
Apr 3, 202510.5SEK 0.0%1/1
202410.5SEK 50.0%
20237SEK 7.7%
20226.5SEK 64.9%
202118.5SEK 270.0%
20195SEK 17.6%
20184.25SEK 30.8%
20173.25SEK 8.3%
20163SEK 0.0%

Volvo dividend history and estimates

In 2025, Volvo paid a dividend amounting to 10.5 SEK. Dividend means that Volvo distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2015
3 SEK
0 SEK
0 SEK
Jan 1, 2016
3 SEK
0 SEK
0 SEK
Jan 1, 2017
3.25 SEK
0 SEK
0 SEK
Jan 1, 2018
4.25 SEK
0 SEK
0 SEK
Jan 1, 2019
5 SEK
0 SEK
0 SEK
Invalid Date
0 SEK
18.5 SEK
0 SEK
Jan 1, 2022
6.5 SEK
0 SEK
18.5 SEK
Jan 1, 2023
7 SEK
0 SEK
0 SEK
Invalid Date
0 SEK
10.5 SEK
0 SEK
Invalid Date
0 SEK
10.5 SEK
10.5 SEK
Invalid Date
0 SEK
4.5 SEK
10.5 SEK
Invalid Date
0 SEK
16.9 SEK
4.5 SEK
Invalid Date
0 SEK
17.68 SEK
0 SEK

Volvo dividend payout ratio

In 2025, Volvo had a payout ratio of 62.74%. The payout ratio indicates the percentage of the company's profits that Volvo distributes as dividends.
  • 3 Years

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  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2015
40.48 %
Jan 1, 2016
46.39 %
Jan 1, 2017
32.26 %
Jan 1, 2018
34.7 %
Jan 1, 2019
28.35 %
Jan 1, 2020
61.16 %
Jan 1, 2021
114.74 %
Jan 1, 2022
40.39 %
Jan 1, 2023
72.1 %
Jan 1, 2024
75.74 %
Jan 1, 2025
62.74 %
Invalid Date
70.19 %
Invalid Date
69.56 %
Invalid Date
67.5 %
Price targets and forecasts for Volvo are not yet available.

Volvo Earnings Estimates

Volvo Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/18/20245.33SEK126.81 BSEK2024 Q1
1/24/20246.21SEK136.59 BSEK2023 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
4.06669%
Capital Research Global Investors
Capital Research Global Investors
3.6085%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
3.22287%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.22023%
Handelsbanken Kapitalförvaltning AB
Handelsbanken Kapitalförvaltning AB
2.20159%
SEB Investment Management AB
SEB Investment Management AB
2.11016%
AMF Tjänstepension AB
AMF Tjänstepension AB
1.96252%
JP Morgan Asset Management
JP Morgan Asset Management
1.46517%
Alecta pensionsförsäkring, ömsesidigt
Alecta pensionsförsäkring, ömsesidigt
1.43683%
Nordea Funds Oy
Nordea Funds Oy
...

Volvo Executives and Management Board

ML

Mr. Martin Lundstedt

(58)

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

Compensation69.64 M SEK
PB

Mr. Par Boman

(64)

Non-Executive Chairman of the Board

Compensation4.81 M SEK
EE

Mr. Eric Elzvik

(65)

Independent Director

Compensation1.83 M SEK
MB

Ms. Martha Brooks

(66)

Independent Director

Compensation1.77 M SEK
KJ

Mr. Kurt Jofs

(67)

Independent Director

Compensation1.68 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.

All fundamentals and in-depth analysis of Volvo

Our stock analysis for Volvo Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.