Nokia Oyj (NOK) — Financial statements
Income statement, balance sheet, and cash flow for Nokia Oyj — annual and quarterly history with growth and margin analysis.
| Metric (EUR Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 19,889↑3.5% | 19,220↓9.1% | 21,138↓11.0% | 23,761↑7.0% | 22,202 | |
| Cost of Revenue | 11,230↑8.4% | 10,356↓17.8% | 12,592↓7.8% | 13,660↑2.2% | 13,368 | |
| Gross Profit | 8,659↓2.3% | 8,864↑3.7% | 8,546↓15.4% | 10,101↑14.3% | 8,834 | |
| Operating Expenses | ||||||
| R&D Expenses | 4,855↑7.6% | 4,512↑5.5% | 4,277↓5.0% | 4,503↑6.9% | 4,214 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,073↑7.0% | 2,872↑0.3% | 2,863↓3.1% | 2,956↑5.9% | 2,792 | |
| Other Expenses | -51↑53.6% | -110↓71.9% | -64↓132.3% | 198↑160.0% | -330 | |
| Operating Expenses | 7,877↑8.3% | 7,274↑2.8% | 7,076↓7.6% | 7,657↑14.7% | 6,676 | |
| Total Costs & Expenses | 19,107↑8.4% | 17,630↓10.4% | 19,668↓7.7% | 21,317↑6.4% | 20,044 | |
| Operating Results | ||||||
| Operating Income | 782↓50.8% | 1,590↑8.2% | 1,470↓39.9% | 2,444↑13.3% | 2,158 | |
| Depreciation & Amortization | 1,119↑10.4% | 1,014↓6.7% | 1,087↓4.6% | 1,140↑4.1% | 1,095 | |
| EBITDA | 2,253↓34.3% | 3,431↑17.9% | 2,910↓17.5% | 3,529↑9.4% | 3,227 | |
| EBIT | 1,134↓53.1% | 2,417↑32.6% | 1,823↓23.7% | 2,389↑12.1% | 2,132 | |
| Interest & Other Income | ||||||
| Net Interest Income | 80↑323.3% | -36↑45.9% | -66↑64.1% | -184↑17.7% | -223 | |
| Interest Income | 80↓75.4% | 325↑36.4% | 238↑176.0% | 86↑48.8% | 58 | |
| Interest Expense | 0.00↓100.0% | 360↑18.6% | 304↑12.5% | 270↓4.0% | 281 | |
| Non-Operating Income | -352↑57.4% | -827↓134.3% | -353↓741.8% | 55↑111.5% | 26 | |
| Other Income / Expenses | 133↓73.5% | 501↑50200.0% | -1↑99.6% | -275↓18.5% | -232 | |
| Income Before Tax | 915↓56.2% | 2,091↑42.3% | 1,469↓32.3% | 2,169↑12.6% | 1,926 | |
| Income Tax Expense | 277↓27.1% | 380↓53.7% | 820↑140.3% | -2,033↓847.4% | 272 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 638↓62.7% | 1,711↑163.6% | 649↓84.6% | 4,202↑154.1% | 1,654 | |
| Net Income from Discontinued Operations | 22↑105.2% | -427↓1523.3% | 30↓47.4% | 57↑733.3% | -9 | |
| Net Income | 651↓49.0% | 1,277↑92.0% | 665↓84.4% | 4,250↑161.9% | 1,623 | |
| Bottom-Line Net Income | 651↓49.0% | 1,277↑92.0% | 665↓84.4% | 4,250↑161.9% | 1,623 | |
| EPS (Basic) | 0.11↓52.2% | 0.23↑91.7% | 0.12↓84.2% | 0.76↑162.1% | 0.29 | |
| EPS (Diluted) | 0.11↓52.2% | 0.23↑91.7% | 0.12↓84.0% | 0.75↑158.6% | 0.29 | |
| Weighted Average Shares | 5,416↓0.9% | 5,464↓1.5% | 5,549↓1.2% | 5,614↓0.3% | 5,630 | |
| Weighted Average Diluted Shares | 5,503↓0.5% | 5,532↓1.0% | 5,586↓1.5% | 5,670↓0.3% | 5,684 | |
* All figures in Millions of EUR, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.