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

Nokia Corp. NOK

11 fiscal years on record · EUR · FY2025 reported · SEC filings only
€19.9B
▲ 3.5% YoY
€651.0M
▼ 49.0% YoY
In brief

What this company does

In 2025, Nokia operated with four business groups. Network Infrastructure delivers optical transport, IP routing and switching, and fixed access technology for telecommunication providers, mission critical enterprise and AI and Cloud customers. Cloud and Networks Services provides open, secure, automated and scalable software for its customers. Mobile Networks' portfolio included products for radio access networks and microwave radio for transport, network management and a range of associated services. Nokia Technologies is responsible for managing Nokia's patent portfolio and monetizing Nokia's intellectual property, including patents and technologies. Its customers comprise four broad groups: Telecommunication Providers, AI and Cloud, Mission Critical Enterprise and Defense, and Technology Licensees. Nokia's connectivity technology serves more than 150 countries. In 2025, Nokia celebrated its 160th birthday.

Written from the business description in Nokia Corporation's annual report to the U.S. Securities and Exchange Commission, filed 5 March 2026. Every sentence was checked against that document before publication.

Growth
EUR 19.9B
Revenue, FY2025 · full 11-year series below
Revenue €B Net income €B
FY2025 · Revenue 19.9 · Net income 0.7
8B16B201520172019202120232025
Compound annual growth
−5.8%
−1.9%
+4.7%
−46.5%
−12.5%
−45.7%
−2.9%
+5.1%
+38.5%
+1.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −1.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.4% · Net 3.3%
5%10%15%-5%-10%201520172019202120232025
ROE
FY2025 · ROE 3.1%
10%20%-5%-10%-15%201520172019202120232025

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

Cash & shareholders
EUR 759.0M
returned in FY2025 · dividends + net buybacks
Net buybacks €B Dividends €B
FY2025 · Dividends 0.8 · Net buybacks -0.2
0.80B1.60B-0.08B-0.16BDividendsNet buybacks201520172019202120232025

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

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.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · EUR

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue €B19.919.221.123.822.221.923.322.623.123.612.6
Operating income €B0.92.01.72.32.20.90.5−0.10.0−1.11.7
EBITDA €B2.02.92.73.43.32.02.11.41.60.52.0
Income tax €B0.30.40.8−2.00.33.30.10.20.9−0.50.3
Net income €B0.71.30.74.21.6−2.50.0−0.3−1.5−0.82.5
EPS, diluted0.120.230.120.750.29−0.450.00−0.06−0.26−0.130.63
Dividend / sh0.110.100.130.12··0.100.100.170.170.16
Payout %117579381−68143−165−65−19821
ROE %3.16.23.222.010.9−18.20.0−2.2−8.2−3.8·
Shares out B5.585.375.535.595.635.625.615.595.58··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 52 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 43 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRadio & Tv Broadcasting & Communications Equipment
Listed onNYSE
Incorporated inoutside the United States — SEC code H9
Fiscal year endsDecember 31
Data on record since2015

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