NOK

Nokia
D

NOK

Arincen61/100B

Nokia income statement 1995–2026

20.56B EUR over the last twelve months, and 19.89B EUR in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
20.56B19.89B19.22B21.14B23.76B22.20B21.85B23.32B22.56B23.15B23.64B
Revenue growth
+4.11%+3.48%-9.07%-11.04%+7.02%+1.60%-6.27%+3.33%-2.52%-2.09%+88.22%
Cost of revenue
11.43B11.23B10.36B12.59B13.66B13.37B13.66B15.05B14.25B14.01B15.12B
Gross profit
9.13B8.66B8.86B8.55B10.10B8.83B8.19B8.26B8.31B9.14B8.52B
Gross margin
44.39%43.54%46.12%40.43%42.51%39.79%37.49%35.45%36.84%39.48%36.06%
Research and development
5.10B4.86B4.51B4.28B4.50B4.21B4.09B4.53B4.78B4.92B5.00B
Selling, general and administrative
2.63B3.07B2.87B2.86B2.96B2.79B2.90B3.22B3.55B3.62B3.77B
Operating expenses
7.83B7.88B7.27B7.08B7.66B6.68B7.31B7.78B8.37B9.12B9.62B
1.30B782.00M1.59B1.47B2.44B2.16B885.00M485.00M-59.00M16.00M-1.10B
Operating income growth
+73.72%-50.82%+8.16%-39.85%+13.25%+143.84%+82.47%—-468.75%—-164.82%
Operating margin
6.30%3.93%8.27%6.95%10.29%9.72%4.05%2.08%-0.26%0.07%-4.65%
Interest income
290.37M354.00M324.51M237.85M86.18M57.92M68.00M81.71M76.00M60.00M92.92M
Interest expense
—219.00M360.20M303.79M270.10M281.31M244.00M267.50M282.00M509.00M345.13M
Other non-operating income
-189.47M133.00M501.00M-1.00M-275.00M-232.00M-142.00M-329.00M-301.00M-526.00M-269.00M
Pretax income
1.11B915.00M2.09B1.47B2.17B1.93B743.00M156.00M-360.00M-510.00M-1.37B
Income tax
282.52M277.00M380.00M820.00M-2.03B272.00M3.26B138.00M189.00M927.00M-457.00M
Effective tax rate
25.53%30.27%18.17%55.82%-93.73%14.12%438.22%88.46%———
781.10M651.00M1.28B665.00M4.25B1.62B-2.52B7.00M-335.00M-1.49B-766.00M
Net income growth
-15.92%-49.02%+92.03%-84.35%+161.86%—-36,142.86%———-131.06%
Net margin
3.80%3.27%6.64%3.15%17.89%7.31%-11.55%0.03%-1.48%-6.45%-3.24%
Basic shares
5.56B5.42B5.46B5.55B5.61B5.63B5.61B5.60B5.54B5.65B5.73B
Diluted shares
5.69B5.50B5.53B5.59B5.67B5.68B5.61B5.63B5.59B5.65B5.74B
Change in diluted shares
+4.02%-0.53%-0.96%-1.48%-0.25%+1.28%-0.25%+0.69%-1.13%-1.56%+45.37%
EPS (basic)
0.140.110.230.120.760.29-0.450.00-0.06-0.26-0.13
EPS (diluted)
0.140.110.230.120.750.29-0.450.00-0.06-0.26-0.13
EPS growth
+75.52%-52.17%+91.67%-84.00%+158.62%—-14,162.50%———-120.97%
Dividends per share
0.160.160.140.120.060.000.000.110.220.190.29
Dividend growth
+5.57%+11.67%+17.66%+96.60%——-100.00%-49.76%+17.60%-34.44%+85.76%
EBITDA
2.67B2.25B3.43B2.91B3.53B3.23B2.12B2.13B1.38B1.59B542.00M
EBITDA margin
13.00%11.33%17.85%13.77%14.85%14.53%9.70%9.13%6.10%6.87%2.29%
EBIT
1.76B1.13B2.42B1.82B2.39B2.13B987.00M468.00M-78.00M-1.00M-1.05B

Figures in EUR. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about Nokia's income statement

Source: Financial Modeling Prep