MARKETS / NYSE / NOK
NYSE · RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT · LARGE CAP

Nokia Corporation NOK

11 fiscal years on record · EUR · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
€19.9B
▲ 3.5% vs FY2024
Dividend streak
1 yrs
Raised every year since 2025
EPS · FY25
€0.12
Dividend / sh · FY25
€0.11
Payout · FY25
117%
ROE · FY25
3.1%
Net margin · FY25
3.3%
Dividend coverage
1.1×
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Result
EUR 19.9B
Revenue, FY2025 · full 11-year series below
Revenue Net income
8162419.90.720152018202120242025
8162419.90.72016201920222025

3 cents of every revenue dollar became profit this year.

Per share
EUR 0.12
Diluted EPS, FY2025
EPS Dividend
0.40.81.20.110.1220152018202120242025
0.40.81.20.110.122016201920222025

Earnings covered the dividend 1.1 times — the rest stayed in the company.

Profitability
3.1%
Return on equity, FY2025
ROE
816243.1%20152018202120242025
816243.1%2016201920222025
Operating margin4.4%
Net margin3.3%
Return on assets1.7%

Each EUR of equity produced 3 cents of profit this year.

Returned to shareholders
EUR 759.0M
returned in FY2025 · dividends + net buybacks
Dividends paidEUR 759.0M
Net buybacksEUR -226.0M
Share of profit116.6%
Consecutive raises1 years

EUR 759.0M in dividends — 117% of the year's profit, so the payout drew on cash built up earlier.

Growth
−1.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−5.8%
−1.9%
+4.7%
Net income
−46.5%
−12.5%
EPS, diluted
−45.7%
−15.3%
Dividend / share
−2.9%
−3.7%
Returned to shareholders
+5.1%
+38.5%
+1.0%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
5.58B
Shares outstanding, FY2025
5.585.5820152018202120242025
5.585.582016201920222025
Change, 5 years−0.6%
Change, 10 years

The share count shrank 1% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
EUR 37.6B
total assets, end of FY2025
Total assetsEUR 37.6B
EquityEUR 21.0B
CashEUR 5.5B
Gross debtEUR 3.4B
Net debtEUR -2.0B
Current ratio1.58×

The company holds more cash than debt.

History
11 fiscal years
Every figure from documents filed with the SEC · EUR
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue €B
19.9
19.2
21.1
23.8
22.2
21.9
23.3
22.6
23.1
23.6
12.6
Operating income €B
0.9
2.0
1.7
2.3
2.2
0.9
0.5
−0.1
0.0
−1.1
1.7
EBITDA €B
2.0
2.9
2.7
3.4
3.3
2.0
2.1
1.4
1.6
0.5
2.0
Income tax €B
0.3
0.4
0.8
−2.0
0.3
3.3
0.1
0.2
0.9
−0.5
0.3
Net income €B
0.7
1.3
0.7
4.2
1.6
−2.5
0.0
−0.3
−1.5
−0.8
2.5
EPS, diluted €
0.12
0.23
0.12
0.75
0.29
−0.45
0.00
−0.06
−0.26
−0.13
0.63
Dividend / sh €
0.11
0.10
0.13
0.12
·
·
0.10
0.10
0.17
0.17
0.16
Payout %
117
57
93
8
1
−6
8143
−165
−65
−198
21
ROE %
3.1
6.2
3.2
22.0
10.9
−18.2
0.0
−2.2
−8.2
−3.8
·
Shares out B
5.58
5.37
5.53
5.59
5.63
5.62
5.61
5.59
5.58
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
41 of 41
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed