AB Volvo (publ)
VLVLYFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
50,048
Cost of Revenue
36,363
Gross Profit
13,685
Gross Margin
27.3%
Operating Income
6,328
Operating Margin
12.6%
Net Income
4,787
Net Margin
9.6%
EPS (Basic)
$24.78
EPS (Diluted)
$24.78
EBITDA
8,678
EBITDA Margin
17.3%
2023
12/31/2023
Revenue
52,513
Cost of Revenue
38,327
Gross Profit
14,185
Gross Margin
27.0%
Operating Income
6,394
Operating Margin
12.2%
Net Income
4,733
Net Margin
9.0%
EPS (Basic)
$24.50
EPS (Diluted)
$24.51
EBITDA
8,516
EBITDA Margin
16.2%
2022
12/31/2022
Revenue
44,981
Cost of Revenue
34,365
Gross Profit
10,615
Gross Margin
23.6%
Operating Income
4,343
Operating Margin
9.7%
Net Income
3,109
Net Margin
6.9%
EPS (Basic)
$16.09
EPS (Diluted)
$16.09
EBITDA
6,366
EBITDA Margin
14.2%
2021
12/31/2021
Revenue
35,361
Cost of Revenue
26,834
Gross Profit
8,527
Gross Margin
24.1%
Operating Income
4,092
Operating Margin
11.6%
Net Income
3,115
Net Margin
8.8%
EPS (Basic)
$16.12
EPS (Diluted)
$16.12
EBITDA
5,992
EBITDA Margin
16.9%
2020
12/31/2020
Revenue
32,152
Cost of Revenue
24,635
Gross Profit
7,517
Gross Margin
23.4%
Operating Income
2,611
Operating Margin
8.1%
Net Income
1,835
Net Margin
5.7%
EPS (Basic)
$9.50
EPS (Diluted)
$9.50
EBITDA
4,279
EBITDA Margin
13.3%