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Fortnox Past Earnings Performance
We're still processing the latest earnings report of this company
Past criteria checks 5/6
Fortnox has been growing earnings at an average annual rate of 32.6%, while the Software industry saw earnings growing at 14.9% annually. Revenues have been growing at an average rate of 26% per year. Fortnox's return on equity is 30%, and it has net margins of 36%.
Key information
32.61%
Earnings growth rate
32.34%
EPS growth rate
Software Industry Growth
19.85%
Revenue growth rate
26.03%
Return on equity
29.99%
Net Margin
36.03%
Next Earnings Update
23 Oct 2025
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Fortnox makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BATS-CHIXE:FNOXS Revenue, expenses and earnings (SEK Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 25
2,140
771
279
0
31 Dec 24
2,044
710
267
0
30 Sep 24
1,955
690
259
0
30 Jun 24
1,849
650
259
0
31 Mar 24
1,739
613
247
0
31 Dec 23
1,642
570
238
0
30 Sep 23
1,548
476
236
0
30 Jun 23
1,465
439
227
0
31 Mar 23
1,368
386
225
0
31 Dec 22
1,276
347
217
0
30 Sep 22
1,186
315
210
0
30 Jun 22
1,089
282
195
0
31 Mar 22
1,011
262
179
0
31 Dec 21
932
241
168
0
30 Sep 21
853
232
133
0
30 Jun 21
792
216
116
0
31 Mar 21
732
210
93
0
31 Dec 20
694
205
75
0
30 Sep 20
659
188
80
0
30 Jun 20
621
168
81
0
31 Mar 20
579
151
80
0
31 Dec 19
532
135
76
0
30 Sep 19
491
122
71
0
30 Jun 19
454
104
66
0
31 Mar 19
420
90
64
0
31 Dec 18
374
78
51
0
30 Sep 18
364
65
57
0
30 Jun 18
337
58
56
0
31 Mar 18
311
51
56
0
31 Dec 17
290
49
57
0
30 Sep 17
265
49
51
0
30 Jun 17
243
44
49
0
31 Mar 17
226
40
46
0
31 Dec 16
203
33
41
0
30 Sep 16
189
30
38
0
30 Jun 16
172
24
36
0
31 Mar 16
156
22
31
0
31 Dec 15
145
19
28
0
30 Sep 15
132
14
27
0
30 Jun 15
123
13
26
0
31 Mar 15
114
12
25
0
31 Dec 14
105
12
23
0
30 Sep 14
96
11
21
0
Quality Earnings: FNOXS has high quality earnings.
Growing Profit Margin: FNOXS's current net profit margins (36%) are higher than last year (35.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FNOXS's earnings have grown significantly by 32.6% per year over the past 5 years.
Accelerating Growth: FNOXS's earnings growth over the past year (25.8%) is below its 5-year average (32.6% per year).
Earnings vs Industry: FNOXS earnings growth over the past year (25.8%) exceeded the Software industry 17.6%.
Return on Equity
High ROE: FNOXS's Return on Equity (30%) is considered high.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2025/07/26 10:18
End of Day Share Price
2025/07/02 00:00
Earnings
2025/03/31
Annual Earnings
2024/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fortnox AB (publ) is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.