Swedbank has been growing earnings at an average annual rate of 13.3%, while the Banks industry saw earnings growing at 3.2% annually. Revenues have been growing at an average rate of 11.3% per year. Swedbank's return on equity is 16%, and it has net margins of 46.8%.
Key information
13.31%
Earnings growth rate
13.23%
EPS growth rate
Banks Industry Growth
11.18%
Revenue growth rate
11.27%
Return on equity
16.03%
Net Margin
46.79%
Next Earnings Update
17 Jul 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Swedbank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
OTCPK:SWDB.Y Revenue, expenses and earnings (SEK Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
68,207
31,911
26,632
0
31 Dec 25
68,769
32,762
26,071
0
30 Sep 25
70,810
33,061
25,573
0
30 Jun 25
72,181
33,927
25,255
0
31 Mar 25
73,898
34,637
25,510
0
31 Dec 24
74,371
34,869
25,375
0
30 Sep 24
74,011
34,721
23,902
0
30 Jun 24
73,256
34,468
23,597
0
31 Mar 24
72,715
34,996
22,850
0
31 Dec 23
71,384
34,128
23,075
0
30 Sep 23
67,984
32,597
23,171
0
30 Jun 23
62,983
29,059
22,796
0
31 Mar 23
56,176
24,441
22,172
0
31 Dec 22
50,549
21,365
20,698
0
30 Sep 22
47,289
19,411
20,932
0
30 Jun 22
46,219
19,322
20,788
0
31 Mar 22
47,111
20,380
20,684
0
31 Dec 21
47,511
20,871
20,721
0
30 Sep 21
46,744
20,546
20,497
0
30 Jun 21
45,874
20,309
20,216
0
31 Mar 21
44,646
19,591
20,070
0
31 Dec 20
41,342
12,929
20,466
0
30 Sep 20
41,068
12,847
20,446
0
30 Jun 20
40,961
12,249
20,849
0
31 Mar 20
41,427
12,740
20,759
0
31 Dec 19
44,490
19,697
19,907
0
30 Sep 19
43,843
19,859
21,924
0
30 Jun 19
43,731
20,721
19,732
0
31 Mar 19
44,287
21,399
18,111
0
31 Dec 18
43,701
21,162
16,745
0
30 Sep 18
43,811
21,309
16,541
0
30 Jun 18
43,034
20,527
16,464
0
31 Mar 18
41,164
19,259
16,212
0
31 Dec 17
40,918
19,350
16,000
0
30 Sep 17
39,842
18,755
15,807
0
30 Jun 17
39,498
18,828
15,738
0
31 Mar 17
40,657
20,352
15,665
0
31 Dec 16
39,454
19,539
15,516
0
30 Sep 16
39,158
19,222
16,000
0
30 Jun 16
38,423
18,345
15,915
0
31 Mar 16
36,580
15,773
15,993
0
31 Dec 15
37,030
15,733
16,218
0
30 Sep 15
37,062
15,706
16,440
0
30 Jun 15
37,873
16,329
16,721
0
Quality Earnings: SWDB.Y has high quality earnings.
Growing Profit Margin: SWDB.Y's current net profit margins (46.8%) are lower than last year (46.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SWDB.Y's earnings have grown by 13.3% per year over the past 5 years.
Accelerating Growth: SWDB.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SWDB.Y had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Banks industry average (22.8%).
Return on Equity
High ROE: SWDB.Y's Return on Equity (16%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/08 08:25
End of Day Share Price
2026/06/05 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
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
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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
Swedbank AB (publ) is covered by 35 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.