Nokia Corp (NOKBF) cash flow statement

NOKBFOTCRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31Also trades as NOK

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 5, 2026Score 6/30

$9.30+0.05 (+0.54%)

Close on Oct 19, 2026Market cap $53.40BP/E 69.4Yield –

Nokia Corp cash flow statement

AnnualQuarterlyTTM

EUR USD

Millions of USD, 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
Depreciation & Amortization	1,263	1,097	1,175	1,198	1,295	1,290	1,858	1,718	1,794	1,764	355
Stock-Based Compensation	380	261	218	157	128	87	91	80	104	125	54
Change in Inventory	168	437	479	-1,042	-57	630	319	-642	-334	590	378
Operating Cash Flow	2,337	2,697	1,424	1,549	3,104	2,004	437	425	2,042	-1,609	558
Acquisitions	-1,952	-40	-21	-21	-39	-118	–	-37	-444	–	-109
Investing Cash Flow	-1,575	-127	1,128	-1,976	-2,122	-1,638	-325	-372	11	7,565	2,102
Dividends Paid	-856	-782	-672	-371	-11	-170	-638	-1,276	-1,094	-1,677	-568
Share Repurchases	-704	-736	-324	-315	0	–	–	–	-885	-239	-192
Stock Issued	969	0	0	–	–	–	–	–	–	–	–
Financing Cash Flow	-1,817	-2,167	-1,624	-880	-1,433	1,006	-536	-1,144	-1,972	-5,448	-643
Foreign Exchange Rate Adjustments	-255	17	-98	20	157	-198	31	-217	-226	48	6.65
Net Change in Cash	-1,310	421	829	-1,287	-294	1,174	-393	-1,308	-144	556	2,024
Income Taxes Paid	447	370	623	400	371	319	578	430	626	557	322

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: 69.4
Price to sales: 2.41
Price to book: 2.28
Dividend yield: –