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Nokia Corp ADR (NOK) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · COMMUNICATION EQUIPMENT · DATA UPDATED 2026-09-10

Nokia Corp ADR (NOK) operates in the COMMUNICATION EQUIPMENT industry and is headquartered in Espoo, Finland with about 78,005 employees. Its market capitalization is roughly $60 billion. In the fiscal year ended 2025-12-31, NOK reported €19.9B in revenue and €651M in net income.

Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies.

Interactive charts & full statements → Open the NOK valuation workbench →

NOK Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	€20.3B	€19.9B	€19.2B	€21.1B	€23.8B	€22.2B	€21.9B	€23.3B	€22.6B	€23.1B	€23.6B	€12.6B	€11.8B	€12.7B	€30.2B	€16.0B	€42.4B	€41.0B	€50.7B	€51.1B	€41.1B
Gross Profit	€9.0B	€8.7B	€8.9B	€8.5B	€10.1B	€8.8B	€8.2B	€8.3B	€8.3B	€9.1B	€8.5B	€5.6B	€5.0B	€5.3B	€8.4B	€5.6B	€12.8B	€13.3B	€17.4B	€17.3B	€13.4B
Gross Margin %	44.4%	43.5%	46.1%	40.4%	42.5%	39.8%	37.5%	35.4%	36.8%	39.5%	36.1%	44.6%	42.4%	42.1%	27.8%	34.8%	30.2%	32.4%	34.3%	33.8%	32.5%
Operating Income (EBIT)	€689M	€782M	€1.6B	€1.5B	€2.4B	€2.2B	€885M	€485M	(€59M)	€16M	(€1.1B)	€1.7B	€1.4B	€519M	(€2.3B)	(€1.4B)	€2.1B	€1.2B	€5.0B	€8.0B	€5.5B
Operating Margin %	3.4%	3.9%	8.3%	7.0%	10.3%	9.7%	4.0%	2.1%	-0.3%	0.1%	-4.7%	13.5%	12.0%	4.1%	-7.6%	-8.7%	4.9%	2.9%	9.8%	15.6%	13.4%
Net Income	€708M	€651M	€1.3B	€665M	€4.2B	€1.6B	(€2.5B)	€7M	(€335M)	(€1.5B)	(€766M)	€2.5B	€3.5B	(€615M)	(€3.1B)	(€1.2B)	€1.3B	€891M	€4.0B	€7.2B	€4.3B
Net Margin %	3.5%	3.3%	6.6%	3.1%	17.9%	7.3%	-11.6%	0.0%	-1.5%	-6.5%	-3.2%	19.6%	29.4%	-4.8%	-10.3%	-7.3%	3.2%	2.2%	7.9%	14.1%	10.5%
EBITDA	€2.1B	€2.3B	€3.4B	€2.9B	€3.5B	€3.2B	€2.1B	€2.1B	€1.4B	€1.6B	€542M	€2.0B	€1.7B	€1.2B	(€977M)	€287M	€3.8B	€3.0B	€6.6B	€9.5B	€6.2B
Earnings Per Share (EPS)	€0.13	€0.12	€0.23	€0.12	€0.75	€0.29	€-0.45	€0.00	€-0.06	€-0.26	€-0.13	€0.62	€0.84	€-0.17	€-0.84	€-0.31	€0.36	€0.24	€1.05	€1.83	€1.05
Shares Outstanding (M)	5,802M	5,503M	5,532M	5,586M	5,670M	5,684M	5,612M	5,626M	5,588M	5,652M	5,741M	3,949M	4,132M	3,712M	3,711M	3,710M	3,713M	3,721M	3,780M	3,932M	4,087M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOK Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	€4.8B	€4.5B	€6.1B	€4.8B	€4.5B	€4.4B	€6.0B	€4.3B
Gross Profit	€2.1B	€2.0B	€2.8B	€2.1B	€2.0B	€1.8B	€2.7B	€2.0B
Gross Margin %	44.6%	44.2%	45.0%	43.7%	43.4%	41.5%	45.6%	46.1%
Operating Income (EBIT)	(€50M)	€63M	€437M	€239M	€80M	(€48M)	€475M	€278M
Operating Margin %	-1.0%	1.4%	7.1%	5.0%	1.8%	-1.1%	7.9%	6.4%
Net Income	€2M	€86M	€542M	€78M	€90M	(€59M)	€820M	€169M
Net Margin %	0.0%	1.9%	8.8%	1.6%	2.0%	-1.3%	13.7%	3.9%
EBITDA	€161M	€389M	€1.1B	€522M	€408M	€228M	€1.5B	€519M
Earnings Per Share (EPS)	€0.00	€0.02	€0.10	€0.01	€0.02	€-0.01	€0.15	€0.03
Shares Outstanding (M)	5,802M	5,723M	5,503M	5,489M	5,492M	5,380M	5,532M	5,532M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOK Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	€1.1B	€2.1B	€2.5B	€1.3B	€1.5B	€2.6B	€1.8B	€390M	€360M	€1.8B	(€1.5B)	€507M	€1.3B	€72M	(€354M)	€1.1B	€4.8B	€3.2B	€3.2B	€7.9B	€4.5B
Capital Expenditures (CapEx)	€599M	€606M	€472M	€652M	€601M	€560M	€479M	€690M	€672M	€601M	€477M	€314M	€311M	€407M	€461M	€597M	€679M	€558M	€1.0B	€873M	€777M
Free Cash Flow (FCF)	€536M	€1.5B	€2.0B	€665M	€873M	€2.1B	€1.3B	(€300M)	(€312M)	€1.2B	(€1.9B)	€193M	€964M	(€335M)	(€815M)	€540M	€4.1B	€2.7B	€2.2B	€7.0B	€3.7B
FCF Margin %	2.6%	7.4%	10.5%	3.1%	3.7%	9.3%	5.9%	-1.3%	-1.4%	5.2%	-8.2%	1.5%	8.2%	-2.6%	-2.7%	3.4%	9.7%	6.6%	4.3%	13.8%	9.0%
Dividends Paid	€773M	€759M	€723M	€611M	€353M	€9M	€148M	€570M	€1.1B	€970M	€1.5B	€512M	€1.4B	€71M	€755M	€1.5B	€1.5B	€1.5B	€2.1B	€1.8B	€1.6B

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOK Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	(€620M)	€783M	€375M	€597M	€209M	€890M	€208M	€795M
Capital Expenditures (CapEx)	€129M	€154M	€148M	€168M	€121M	€169M	€158M	€117M
Free Cash Flow (FCF)	(€749M)	€629M	€227M	€429M	€88M	€721M	€50M	€679M
FCF Margin %	-15.6%	14.0%	3.7%	8.9%	1.9%	16.4%	0.8%	15.7%
Dividends Paid	€224M	€168M	€165M	€216M	€215M	€161M	€162M	€181M

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NOK Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	€37.3B	€37.6B	€39.1B	€39.9B	€42.9B	€40.0B	€46.5B	€45.8B	€39.5B	€41.0B	€44.9B	€20.9B	€21.1B	€25.2B	€29.9B	€36.2B	€39.1B	€35.7B	€39.7B	€37.7B	€22.6B
Cash & Cash Equivalents	€4.3B	€5.5B	€6.6B	€6.2B	€5.5B	€6.7B	€8.5B	€6.6B	€6.3B	€7.4B	€7.5B	€7.0B	€5.2B	€7.6B	€9.0B	€2.0B	€2.0B	€1.1B	€5.6B	€2.1B	€1.5B
Total Liabilities	€16.0B	€16.5B	€18.4B	€19.2B	€21.5B	€22.6B	€31.2B	€28.5B	€24.2B	€24.8B	€23.9B	€10.4B	€12.4B	€18.5B	€20.5B	€22.3B	€22.9B	€21.0B	€23.1B	€20.3B	€10.6B
Total Debt (Short + Long-Term)	€2.6B	€3.6B	€4.1B	€4.4B	€4.7B	€4.8B	€5.9B	€4.6B	€3.8B	€3.8B	€4.0B	€2.2B	€3.2B	€7.9B	€8.2B	(€4.1B)	€7.1B	€7.4B	€4.8B	€1.4B	€338M
Total Shareholders' Equity	€21.2B	€21.0B	€20.7B	€20.5B	€21.3B	€17.4B	€15.3B	€17.2B	€15.3B	€16.2B	€21.0B	€10.5B	€8.7B	€6.5B	€8.1B	€11.9B	€14.4B	€13.1B	€14.2B	€14.8B	€12.0B

EUR; €M / €B as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NOK viewer.

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