Largest Companies in Sweden by Revenue (2026)

Volvo Group is the largest company in Sweden by revenue and the only Swedish company in the 2026 Fortune Global 500. Fortune records fiscal 2025 revenue of US$48.8bn, 2.00% lower than a year earlier in dollar terms, and profit of US$3.5bn. The Gothenburg-based group, founded in 1927, builds trucks, buses, construction equipment and marine and industrial engines under brands including Volvo Trucks, Renault Trucks and Mack Trucks. It is a separate company from the Volvo Cars passenger-car maker.

Ericsson, the Stockholm-based maker of mobile network equipment and software, reported fiscal 2025 revenue of US$24.1bn, up 2.87% in dollar terms, and profit of US$2.9bn. It employs 88,662 people and is led by chief executive Börje Ekholm. Fortune classifies it under network and other communications equipment, making it the only telecommunications-equipment supplier among the Swedish entries.

Vattenfall is Sweden's state-owned power company; Fortune notes that it is government-owned at 50% or more and lists it as a private (unlisted) company. Its fiscal 2025 revenue was US$23.9bn and profit US$1.9bn. Headquartered in Solna, it is the largest utility in the Swedish ranking and is led by chief executive Anna Borg.

H&M is a Stockholm-based fashion retailer and the largest Swedish company in retail. Its figures are for the fiscal year ended 30 November 2025, during which Fortune records revenue of US$22.9bn and profit of US$1.2bn. With 94,744 employees it is among the largest Swedish employers on the list. Daniel Ervér is chief executive.

Investor AB is a Stockholm-based investment company, which Fortune classifies under diversified financials. Fortune records revenue of US$22.4bn for 2025, up 34.03% in dollar terms, and profit of US$16.0bn, the highest profit of any Swedish company in the ranking. Christian Cederholm is chief executive.

Spotify, the audio-streaming service, is incorporated in Luxembourg but has its executive offices in Stockholm, which is why Fortune assigns it to Sweden. Revenue for 2025 rose 14.37% in dollar terms to US$19.4bn, with profit of US$2.5bn. It has the smallest workforce of any company in the Swedish top 25, at 7,287 employees, and is run by co-chief executives Gustav Söderström and Alex Norström.

Skanska is a Stockholm-headquartered construction and project-development group. Fortune records fiscal 2025 revenue of US$18.0bn, up 7.84% in dollar terms, and profit of US$581m. It employs 25,865 people and is led by Anders Danielsson. Skanska is the only company in the Swedish ranking classified under engineering and construction.

Atlas Copco makes compressors, vacuum equipment, power tools and industrial assembly systems. Its fiscal 2025 revenue was US$17.2bn and profit US$2.7bn, one of the highest profit margins among Swedish industrial companies on the list. The Stockholm-based group employs 55,549 people and is led by chief executive Vagner Rego.

SEB (Skandinaviska Enskilda Banken) is the largest Swedish bank by revenue in the 2026 ranking. Fortune's bank revenue measure, the sum of gross interest and non-interest income, fell 10.78% to US$16.3bn; profit was US$3.2bn. Total assets were US$398.3bn. Johan Torgeby is chief executive.

Axel Johnson is a family-owned Stockholm group whose businesses are mainly in trading and distribution, which Fortune classifies as wholesalers. Revenue grew 17.67% to US$16.0bn in 2025, with profit of US$164m. It is one of four privately held companies in the Swedish top 25, and is led by chief executive Caroline Berg.

Securitas, the security-services company, is by far the largest employer in the Swedish ranking, with 256,826 employees. Fortune records 2025 revenue of US$15.8bn and profit of US$521m. The Stockholm-based company is led by Magnus Ahlqvist.

Assa Abloy manufactures locks, doors, entrance systems and access-control products. Fortune records 2025 revenue of US$15.5bn, up 9.35% in dollar terms, and profit of US$1.5bn. It employs 63,886 people and is led by Nico Delvaux. Fortune classifies it under building materials and glass.

ICA Gruppen is Sweden's largest food retailer on the list and is classified by Fortune as a private company. Revenue in 2025 was US$15.4bn and profit US$1.1bn. The Solna-based group, led by chief executive Nina Jönsson, employs 24,170 people.

Handelsbanken reported fiscal 2025 revenue of US$14.8bn on Fortune's bank measure, 17.58% lower than a year earlier, the largest percentage fall among the Swedish entries. Profit was US$2.4bn and total assets US$367.6bn. Michael Green is chief executive.

Essity produces hygiene and health products such as tissue, incontinence products and feminine care. It reported 2025 revenue of US$14.1bn, broadly flat in dollar terms at -0.58%, and profit of US$1.3bn. The Stockholm-based company employs 34,362 people Fortune lists it among the companies with a female chief executive.

Electrolux, the household-appliance maker, reported 2025 revenue of US$13.4bn, up 3.88% in dollar terms, but profit of only US$89m, the lowest positive profit among the Swedish entries. It employs 39,233 people and is led by Yannick Fierling. Its market value of US$2.4bn was the smallest of the listed Swedish companies in the ranking.

Sandvik supplies mining and rock-processing equipment, metal-cutting tools and advanced materials. Fortune records 2025 revenue of US$12.3bn, up 5.81% in dollar terms, and profit of US$1.5bn. The Stockholm-based group employs 41,801 people.

Swedbank is a retail bank operating in Sweden and the Baltic states. Its revenue on Fortune's measure fell 12.86% to US$11.9bn in 2025, while profit of US$3.3bn was the highest among the three Swedish banks in the ranking. It is headquartered in Sundbyberg, near Stockholm, and employs 18,417 people.

SSAB is a steel producer specialising in high-strength steels. Fortune records 2025 revenue of US$9.8bn, almost unchanged at +0.24%, and profit of US$500m. The Stockholm-based company employs 14,932 people and is one of two metals companies in the Swedish top 25.

Boliden mines and smelts base and precious metals, mainly copper, zinc, nickel, lead, gold and silver. Revenue rose 12.93% in 2025 to US$9.5bn, with profit of US$958m. It has the second-smallest workforce in the Swedish ranking after Spotify, at 8,231 employees, and is led by Mikael Staffas.

SKF, the Gothenburg-based bearing and seal manufacturer, reported 2025 revenue of US$9.3bn, flat in dollar terms at -0.05%, and profit of US$400m. It employs 36,779 people.

Hedin Mobility Group is a privately owned car retailer and importer based in Mölndal, near Gothenburg. It recorded revenue of US$9.1bn in 2025 and a loss of US$118m, the only loss-making company among the Swedish entries. It employs 11,158 people and is led by its founder, Anders Hedin.

Telia is a telecommunications operator serving the Nordic and Baltic region. Fortune records 2025 revenue of US$8.7bn and profit of US$359m. It is headquartered in Solna and led by Patrik Hofbauer.

Saab, the defence and aerospace group known for the Gripen fighter, had the fastest revenue growth of any operating company in the Swedish ranking: 33.75% in dollar terms, to US$8.1bn in 2025. Profit was US$643m and the workforce 27,865. Micael Johansson is chief executive.