How many employees work at Volvo?
Volvo AB (VOLV.B) has approximately 98,713 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Volvo’s total headcount has grown 3.0% from 95,808 employees in 2023 to 98,713 in 2026.
Is Volvo hiring right now?
Yes, Volvo is actively hiring. Volvo had 1,644 active job postings in 2026, a 7.1% increase from 2025 — see job openings & hiring trends.
About Volvo’s Workforce
Volvo AB (VOLV.B) is an Industrial Manufacturing company that employs 98,713 people worldwide as of March 2026. It is the 2nd-largest by headcount among its peers. Founded in 1927, the company is headquartered in Goteborg, Sweden and trades on the NASDAQ Stockholm.
Volvo's workforce has grown 3.0% from 2023 to 2026, though it is down 1.1% year over year in 2026. It fell to a low of 95,775 in 2023 Q3 before recovering. Its workforce is concentrated most in Northern Europe (33.6%), followed by Western Europe (15.7%) and South Asia (12.7%).
Volvo's functional groups are Finance and Operations (42.0%), Engineering (31.4%), and Sales and Marketing (26.6%), with Sales and Marketing growing fastest (up 0.7%). The average salary is $56,067, ranging from a median of $80,000 in North America to $10,000 in South America, down 0.9% year over year in 2026.
Volvo's active job postings rose 7.1% in 2026 to 1,644, with new postings per month cooling from 2,688 in 2023 to 900 in 2026. Overall employee sentiment is neutral but declining.
Sourced from Revelio Labs workforce data.
- Ticker
- NASDAQ Stockholm: VOLV.B
- Headquarters
- Goteborg, Sweden
- Founded
- 1927
- Industry
- Industrial Manufacturing
- Employees
- 98,713
- YoY
- -1.1% (-382)
As of March 2026
Volvo workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Volvo. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsVolvo Annual Employee Count (2023-2026)
- Volvo had 98,713 employees in 2026, a 1.1% decline (-382) from 2025.
- Volvo had 98,675 employees in 2025, a 0.8% decline (+280) from 2024.
- Volvo had 98,395 employees in 2024, a 0.1% increase (+1,701) from 2023.
- Volvo had 96,694 employees in 2023, a 0.7% increase (+3,517) from 2022.
Volvo's total workforce has grown from 95,808 employees in 2023 to 98,713 in 2026.
Volvo AB quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 98,713 | -382 | -1.1% |
| 2025 | Q4 | 98,675 | +280 | -0.8% |
| 2025 | Q3 | 98,845 | +935 | -0.5% |
| 2025 | Q2 | 99,667 | +1,566 | -0.0% |
| 2025 | Q1 | 99,095 | +2,035 | +0.3% |
| 2024 | Q4 | 98,395 | +1,701 | +0.1% |
| 2024 | Q3 | 97,910 | +2,135 | +0.1% |
| 2024 | Q2 | 98,101 | +2,293 | +0.0% |
| 2024 | Q1 | 97,060 | +2,989 | +0.5% |
| 2023 | Q4 | 96,694 | +3,517 | +0.7% |
| 2023 | Q3 | 95,775 | +3,965 | +1.1% |
| 2023 | Q2 | 95,808 | +5,338 | +1.9% |
See Volvo's complete headcount history, including quarterly breakdowns.
Get the DataVolvo Employee Count by Region (2026)
Northern Europe accounts for the largest share of Volvo's global workforce with approximately 34% of total employees, followed by Western Europe and South Asia.
Volvo employees by region
| Region | Employees | % of Total |
|---|---|---|
| Northern Europe | 32,947 | 33.6% |
| Western Europe | 15,369 | 15.7% |
| South Asia | 12,453 | 12.7% |
| North America | 11,482 | 11.7% |
| South America | 8,765 | 8.9% |
| Eastern Europe | 4,679 | 4.8% |
| East Asia | 4,450 | 4.5% |
| Southern Europe | 1,714 | 1.7% |
| Southeast Asia | 1,524 | 1.6% |
| Central America and the Caribbean | 1,050 | 1.1% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataVolvo Employee Count by Department (2026)
Volvo's employee groups are Finance and Operations (42.0%), Engineering (31.4%), and Sales and Marketing (26.6%).
Volvo employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 41,211 | 42.0% |
| Engineering | 30,816 | 31.4% |
| Sales and Marketing | 26,066 | 26.6% |
Compare Volvo's department mix to industry peers.
See Full DataVolvo Employee Salary by Region (2026)
Volvo's average employee salary is $56,067 globally. Employees in North America receive the highest compensation, with median pay approximately 1.4x the global average. Pay is lowest in South America, at a median of $10,000.
Volvo median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $80,000 |
| Pacific Islands | $71,000 |
| Northern Europe | $64,000 |
| Western Europe | $57,000 |
| East Asia | $47,000 |
| Arab States | $39,000 |
| Eastern Europe | $37,000 |
| Southern Europe | $36,000 |
| Central and Western Asia | $23,000 |
| Central America and the Caribbean | $20,000 |
| Sub-Saharan Africa | $17,000 |
| South Asia | $15,000 |
| Southeast Asia | $13,000 |
| North Africa | $11,000 |
| South America | $10,000 |
Unlock salary by role, level, and city — and compare to Volvo's industry peers.
Unlock Salary DataVolvo Job Openings and Hiring Trends (2023-2026)
- Volvo had 1,644 active job postings in 2026, a 7.1% increase (+144) from 2025.
- Volvo had 1,500 active job postings in 2025, a 20.9% increase (+284) from 2024.
- Volvo had 1,216 active job postings in 2024, a 104.5% decline (-2,660) from 2023.
- Volvo had 3,876 active job postings in 2023, a 80.3% increase from 2022.
- Hiring velocity in 2026: 900 new roles/month, down from 1,106 in 2025 and 1,687 in 2024.
Volvo's active job postings rose 7.1% in 2026 to 1,644, with new postings per month cooling from 2,688 in 2023 to 900 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataVolvo Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Volvo's workforce based on public professional data. Overall sentiment is neutral and has declined year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Unlock SentimentSimilar Companies
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Frequently Asked Questions About Volvo
- How fast is Volvo growing?
- In 2026, Volvo's headcount shrank 1.1% to 98,713 employees, down from 99,095 in 2025.
- See the full headcount history
- Where are Volvo employees located?
- Most Volvo employees are based in Northern Europe (33.6% of headcount), followed by Western Europe and South Asia.
- Explore where the workforce is based
- What is the average salary at Volvo?
- The average employee salary at Volvo is approximately $56.1k per year.
- Analyze the salary distribution
- How many new job postings does Volvo open per year?
- In Q1 2026, Volvo opened 2,699 new job postings. In 2025, Volvo opened 13,266 new job postings — about 1,106 per month.
- Track hiring trends by role
- When was Volvo founded and where is it headquartered?
- Volvo was founded in 1927 and is headquartered in Goteborg, Sweden.
- Compare Volvo to industry peers
Speak with a workforce expert about Volvo.
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