NOKNYSERadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31Also trades as NOKBF

NOKIA CORP

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 5, 2026

$9.08−0.06 (-0.66%)

Close on Oct 19, 2026

NOKIA CORP income statement

AnnualQuarterlyTTM

EUR USD

Millions of EUR, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	19,889	19,220	21,138	23,761	22,202	21,852	23,315	22,563	23,147	23,641	12,560
Cost of Revenue	11,230	10,356	12,592	13,660	13,368	13,659	15,051	14,251	14,008	15,117	6,963
Gross Profit	8,659	8,864	8,546	10,101	8,834	8,193	8,264	8,312	9,139	8,524	5,597
Research & Development	4,855	4,512	4,277	4,503	4,214	4,087	4,532	4,777	4,916	4,997	2,080
Selling, General & Admin	3,073	2,872	2,863	2,956	2,792	2,898	3,219	3,549	3,615	3,767	1,772
Operating Income	885	1,970	1,733	2,299	2,158	885	485	-59	16	-1,100	1,697
Interest Expense	246	320	579	282	310	329	510	398	–	–	–
Interest & Investment Income	257	434	354	178	69	165	169	85	–	–	–
Income from Equity Investments	19	7.00	-39	-26	9.00	22	12	12	11	18	29
Pretax Income	915	2,091	1,469	2,169	1,926	743	156	-360	-510	-1,369	1,540
Income Tax Expense	277	380	820	-2,033	272	3,256	138	189	927	-457	346
Income from Continuing Operations	638	1,711	649	4,202	1,654	-2,513	18	-549	-1,437	-912	1,194
Income from Discontinued Operations	22	-427	30	57	-9.00	-3.00	-7.00	214	-21	-15	1,274
Net Income incl. Noncontrolling Interests	660	1,284	679	4,259	1,645	-2,516	11	-335	-1,458	-927	2,468
Minority Interest in Earnings	9.00	7.00	14	9.00	22	7.00	4.00	5.00	36	-161	2.00
Net Income	651	1,277	665	4,250	1,623	-2,523	7.00	-340	-1,494	-766	2,466
Net Income to Common	651	1,277	665	4,250	1,623	-2,523	7.00	-340	-1,494	-766	2,466
EPS (Basic)(per share)	0.12	0.23	0.12	0.76	0.29	-0.45	0.00	-0.06	-0.26	-0.13	0.67
EPS (Diluted)(per share)	0.12	0.23	0.12	0.75	0.29	-0.45	0.00	-0.06	-0.26	-0.13	0.63
Shares Outstanding (Basic, Weighted)(shares)	5,416	5,476	5,549	5,614	5,630	5,612	5,600	5,588	5,652	5,732	3,671
Shares Outstanding (Diluted, Weighted)(shares)	5,503	5,531	5,586	5,670	5,684	5,636	5,626	5,612	5,652	5,741	3,949
Dividend per Share(per share)	–	–	–	–	–	–	0.10	0.19	0.17	0.17	0.16
EBITDA	2,004	2,984	2,820	3,439	3,253	2,017	2,145	1,396	1,607	494	2,017

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 43.5%
Operating margin: 4.4%
Net margin: 3.3%
Return on equity, FY2025: 3.1%

Financial strength

Current ratio: 1.58
Debt to equity: 0.16
Debt to assets: 9.1%
Cash to current liabilities: 54.6%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.