Nokia (NOK) financials
Nokia revenue and earnings by year
Nokia's revenue was $23.4 billion in the fiscal year to December 31, 2025, up 16.9% from the year before. Net income was $766 million, 3.3% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 0.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.4 | 20.0 | 23.5 | 25.3 | 25.2 | 26.6 | 26.2 | 25.9 | 27.8 | 24.9 |
| Revenue growth | 16.9% | -14.8% | -7.1% | 0.2% | -5.3% | 1.7% | 1.0% | -6.7% | 11.7% | — |
| Gross profit | 10.2 | 9.2 | 9.5 | 10.7 | 10.0 | 10.0 | 9.3 | 9.6 | 11.0 | 9.0 |
| Gross margin | 43.5% | 46.1% | 40.4% | 42.5% | 39.8% | 37.5% | 35.4% | 36.8% | 39.5% | 36.1% |
| Operating income | 1.0 | 2.1 | 1.9 | 2.4 | 2.5 | 1.1 | 0.5 | -0.1 | 0.0 | -1.3 |
| Operating margin | 4.4% | 10.2% | 8.2% | 9.7% | 9.7% | 4.0% | 2.1% | -0.3% | 0.1% | -5.1% |
| Net income | 0.8 | 1.3 | 0.7 | 4.5 | 1.8 | -3.1 | 0.0 | -0.4 | -1.8 | -0.8 |
| Net margin | 3.3% | 6.6% | 3.1% | 17.9% | 7.3% | -11.5% | 0.0% | -1.5% | -6.4% | -3.2% |
| Diluted EPS | $0.13 | $0.32 | $0.12 | $0.79 | $0.33 | -$0.55 | $0.00 | -$0.07 | -$0.31 | -$0.14 |
| Free cash flow | 2.3 | 2.6 | 1.7 | 1.5 | 3.0 | 1.9 | 0.2 | 0.3 | 2.6 | -1.2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NOK in Markets.
See also: NOK valuation and P/E history · NOK returns
No forecast, no recommendation. This page describes Nokia from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.