Swedbank (STO: SWED-A) financial statements
The consolidated income statement, balance sheet and cash flow statement of Swedbank for its last 7 fiscal years, as filed with the regulator, in millions of Swedish kronor. At the end of fiscal 2025 it had SEK 3,062,782m in total assets and SEK 225,802m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Profit before tax | SEK 41,255m | SEK 44,187m | SEK 43,622m | SEK 27,358m | SEK 25,817m | SEK 16,780m | SEK 24,420m |
| Income tax | SEK 8,496m | SEK 9,320m | SEK 9,492m | SEK 5,478m | SEK 4,945m | SEK 3,851m | SEK 4,711m |
| Net profit | SEK 32,762m | SEK 34,869m | SEK 34,128m | SEK 21,877m | SEK 20,871m | SEK 12,929m | SEK 19,697m |
| Earnings per share | SEK 29.14 | SEK 30.99 | SEK 30.35 | SEK 19.48 | SEK 18.62 | SEK 11.55 | SEK 17.62 |
| Diluted earnings per share | SEK 28.98 | SEK 30.86 | SEK 30.27 | SEK 19.43 | SEK 18.56 | SEK 11.51 | SEK 17.56 |
| Depreciation and amortisation | SEK 2,225m | SEK 2,171m | SEK 1,920m | SEK 1,695m | SEK 1,631m | SEK 1,580m | SEK 1,551m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 3,062,782m | SEK 3,009,697m | SEK 2,855,519m | SEK 2,854,876m | SEK 2,750,617m | SEK 2,594,642m | SEK 2,408,228m |
| Property, plant and equipment | — | SEK 5,200m | SEK 5,544m | — | — | — | — |
| Cash | SEK 263,628m | SEK 325,604m | SEK 252,994m | SEK 365,992m | SEK 360,153m | SEK 293,811m | SEK 195,286m |
| Total liabilities | SEK 2,836,957m | SEK 2,790,797m | SEK 2,656,730m | SEK 2,678,784m | SEK 2,588,921m | SEK 2,439,449m | SEK 2,269,595m |
| Equity | SEK 225,802m | SEK 218,874m | SEK 198,760m | SEK 176,064m | SEK 161,670m | SEK 155,168m | SEK 138,608m |
| Equity including minorities | SEK 225,826m | SEK 218,901m | SEK 198,790m | SEK 176,092m | SEK 161,696m | SEK 155,193m | SEK 138,633m |
| Minority interests | SEK 25.0m | SEK 28.0m | SEK 30.0m | SEK 29.0m | SEK 26.0m | SEK 25.0m | SEK 25.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | −SEK 46,342m | SEK 80,817m | −SEK 145,148m | — | — | — | — |
| Investing cash flow | −SEK 3,671m | −SEK 147.0m | −SEK 418.0m | SEK 691.0m | SEK 628.0m | SEK 1,383m | SEK 995.0m |
| Financing cash flow | −SEK 1,427m | −SEK 12,645m | SEK 32,175m | SEK 10,015m | SEK 14,151m | −SEK 8,698m | −SEK 8,147m |
| Dividends paid | — | — | — | SEK 12,632m | SEK 16,310m | — | SEK 15,893m |
Where each figure comes from
From the annual report Swedbank files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Swedbank page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.