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V/Line Corporation
V/Line is a Government Body that generates the majority of its income from the Rail Passenger Transport industry. In 2023 the company generated total revenue of $1,263,313,000 including sales and other revenue. In 2023 V/Line had 2,623 employees including employees from all subsidiaries under the company's control. The Chief Executive of V/Line is Mr Matt Carrick whose official title is Chief Executive Officer. The Chairman of V/Line is Honourable Ben Carroll whose official title is Minister for Public Transport. V/Line is a provider of public transport services to regional Victoria, maintain railway infrastructure, contribute to Victoria's large infrastructure projects and support tourist and heritage rail operations. Each week, V/Line schedules more than 2,200 train services between Melbourne and: Geelong and Warrnambool Ballarat, Maryborough and Ararat Bendigo, Swan Hill and Echuca Seymour, Shepparton and Albury Traralgon, Sale and Bairnsdale
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What's included in this industry analysis
IBISWorld's research coverage on the V/Line Corporation includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
V/Line Corporation, trading as V/Line, operates under the ABN 91 273 289 190 and was incorporated on 01 July 1983. V/Line Corporation primarily operates in the Rail Passenger Transport industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within V/Line Corporation, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents V/Line Corporation’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which V/Line Corporation operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of V/Line Corporation’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of V/Line Corporation, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by V/Line Corporation. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of V/Line Corporation’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is V/Line Corporation?
V/Line is a provider of public transport services to regional Victoria, maintain railway infrastructure, contribute to Victoria's large infrastructure projects and support tourist and heritage rail operations. Each week, V/Line schedules more than 2,200 train services between Melbourne and: Geelong and Warrnambool Ballarat, Maryborough and Ararat Bendigo, Swan Hill and Echuca Seymour, Shepparton and Albury Traralgon, Sale and Bairnsdale
What industry does V/Line Corporation operate in?
V/Line Corporation, trading as V/Line, is a Private Company that generates the majority of its income from the Rail Passenger Transport industry in Australia.
Where is V/Line Corporation located?
Murray Cod Australia Limited company is based at 452 Flinders Street, Melbourne, Victoria, Australia.
Who is the CEO of V/Line Corporation?
The Chief Executive Officer of V/Line Corporation is Ben Carroll and the Chief Executive Officer is Matt Carrick.
What was V/Line Corporation’s revenue in 2025?
In 2025, V/Line Corporation generated total revenue of approximately $1.3 billion.
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