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NOKIA CORP

NOK Clue Score45
Finland Fiscal year ends December CIK 0000924613
$10.36 +2.17% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $10.36 +78.62% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue23.64Operating income−1.10Net income−0.77EPS, diluted−0.13Fiscal year 2017Revenue23.15 −2.1%Operating income0.02Net income−1.49EPS, diluted−0.26Fiscal year 2018Revenue22.56 −2.5%Operating income−0.06Net income−0.34EPS, diluted−0.06Fiscal year 2019Revenue23.32 +3.3%Operating income0.49Net income0.01EPS, diluted0.00Fiscal year 2020Revenue21.85 −6.3%Operating income0.89Net income−2.52 −36,142.9%EPS, diluted−0.45Fiscal year 2021Revenue22.20 +1.6%Operating income2.16Net income1.62EPS, diluted0.29Fiscal year 2022Revenue23.76 +7.0%Operating income2.30Net income4.25 +161.9%EPS, diluted0.75 +158.6%Fiscal year 2023Revenue21.14 −11.0%Operating income1.73Net income0.67 −84.4%EPS, diluted0.12 −84.0%Fiscal year 2024Revenue19.22 −9.1%Operating income1.97Net income1.28 +92.0%EPS, diluted0.23 +91.7%Fiscal year 2025Revenue19.89 +3.5%Operating income0.89Net income0.65 −49.0%EPS, diluted0.12 −47.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 23.64 23.15 22.56 23.32 21.85 22.20 23.76 21.14 19.22 19.89
Growth −2.1% −2.5% +3.3% −6.3% +1.6% +7.0% −11.0% −9.1% +3.5%
Operating income −1.10 0.02 −0.06 0.49 0.89 2.16 2.30 1.73 1.97 0.89
Net income −0.77 −1.49 −0.34 0.01 −2.52 1.62 4.25 0.67 1.28 0.65
Growth −36,142.9% +161.9% −84.4% +92.0% −49.0%
EPS, diluted −0.13 −0.26 −0.06 0.00 −0.45 0.29 0.75 0.12 0.23 0.12
Growth +158.6% −84.0% +91.7% −47.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin36.1%Operating margin−4.7%Net margin−3.2%Fiscal year 2017Gross margin39.5%Operating margin0.1%Net margin−6.5%Fiscal year 2018Gross margin36.8%Operating margin−0.3%Net margin−1.5%Fiscal year 2019Gross margin35.4%Operating margin2.1%Net margin0.0%Fiscal year 2020Gross margin37.5%Operating margin4.0%Net margin−11.5%Fiscal year 2021Gross margin39.8%Operating margin9.7%Net margin7.3%Fiscal year 2022Gross margin42.5%Operating margin9.7%Net margin17.9%Fiscal year 2023Gross margin40.4%Operating margin8.2%Net margin3.1%Fiscal year 2024Gross margin46.1%Operating margin10.2%Net margin6.6%Fiscal year 2025Gross margin43.5%Operating margin4.4%Net margin3.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 36.1% 39.5% 36.8% 35.4% 37.5% 39.8% 42.5% 40.4% 46.1% 43.5%
Operating margin −4.7% 0.1% −0.3% 2.1% 4.0% 9.7% 9.7% 8.2% 10.2% 4.4%
Net margin −3.2% −6.5% −1.5% 0.0% −11.5% 7.3% 17.9% 3.1% 6.6% 3.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow−1.45Buybacks−0.22Dividends paid−1.52Fiscal year 2017Operating cash flow1.81Buybacks−0.79Dividends paid−0.97Fiscal year 2018Operating cash flow0.36Dividends paid−1.08Fiscal year 2019Operating cash flow0.39Dividends paid−0.57Fiscal year 2020Operating cash flow1.76Dividends paid−0.15Fiscal year 2021Operating cash flow2.63Buybacks0.00Dividends paid−0.01Fiscal year 2022Operating cash flow1.47Buybacks−0.30Dividends paid−0.35Fiscal year 2023Operating cash flow1.32Buybacks−0.30Dividends paid−0.62Fiscal year 2024Operating cash flow2.49Buybacks−0.68Dividends paid−0.72Fiscal year 2025Operating cash flow2.07Buybacks−0.62Dividends paid−0.76
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.45 1.81 0.36 0.39 1.76 2.63 1.47 1.32 2.49 2.07
Buybacks −0.22 −0.79 n/a n/a n/a 0.00 −0.30 −0.30 −0.68 −0.62
Dividends paid −1.52 −0.97 −1.08 −0.57 −0.15 −0.01 −0.35 −0.62 −0.72 −0.76

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash7.50Total debt3.66Net cash (debt)3.84Shareholders’ equity20.09Debt to equity0.18Fiscal year 2017Cash7.37Total debt3.46Net cash (debt)3.91Shareholders’ equity16.14Debt to equity0.21Fiscal year 2018Cash6.26Total debt2.83Net cash (debt)3.44Shareholders’ equity15.29Debt to equity0.18Fiscal year 2019Cash5.91Total debt3.99Net cash (debt)1.93Shareholders’ equity15.33Debt to equity0.26Fiscal year 2020Cash6.94Total debt5.02Net cash (debt)1.93Shareholders’ equity12.47Debt to equity0.40Fiscal year 2021Cash6.69Total debt4.54Net cash (debt)2.15Shareholders’ equity17.36Debt to equity0.26Fiscal year 2022Cash5.47Total debt4.25Net cash (debt)1.22Shareholders’ equity21.33Debt to equity0.20Fiscal year 2023Cash6.23Total debt3.64Net cash (debt)2.60Shareholders’ equity20.54Debt to equity0.18Fiscal year 2024Cash6.62Total debt2.92Net cash (debt)3.71Shareholders’ equity20.66Debt to equity0.14Fiscal year 2025Cash5.46Total debt2.33Net cash (debt)3.13Shareholders’ equity20.97Debt to equity0.11
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 7.50 7.37 6.26 5.91 6.94 6.69 5.47 6.23 6.62 5.46
Total debt 3.66 3.46 2.83 3.99 5.02 4.54 4.25 3.64 2.92 2.33
Net cash (debt) 3.84 3.91 3.44 1.93 1.93 2.15 1.22 2.60 3.71 3.13
Shareholders’ equity 20.09 16.14 15.29 15.33 12.47 17.36 21.33 20.54 20.66 20.97
Debt to equity 0.18 0.21 0.18 0.26 0.40 0.26 0.20 0.18 0.14 0.11

In billions of EUR, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of EUR, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
23.64 23.15 22.56 23.32 21.85 22.20 23.76 21.14 19.22 19.89
Growth −2.1% −2.5% +3.3% −6.3% +1.6% +7.0% −11.0% −9.1% +3.5%
15.12 14.01 14.25 15.05 13.66 13.37 13.66 12.59 10.36 11.23
8.52 9.14 8.31 8.26 8.19 8.83 10.10 8.55 8.86 8.66
Growth +7.2% −9.0% −0.6% −0.9% +7.8% +14.3% −15.4% +3.7% −2.3%
5.00 4.92 4.78 4.53 4.09 4.21 4.50 4.28 4.51 4.86
3.77 3.62 3.55 3.22 2.90 2.79 2.96 2.86 2.87 3.07
−1.10 0.02 −0.06 0.49 0.89 2.16 2.30 1.73 1.97 0.89
Growth −468.8% +82.5% +143.8% +6.5% −24.6% +13.7% −55.1%
−1.37 −0.51 −0.36 0.16 0.74 1.93 2.17 1.47 2.09 0.92
−0.46 0.93 0.19 0.14 3.26 0.27 −2.03 0.82 0.38 0.28
−0.77 −1.49 −0.34 0.01 −2.52 1.62 4.25 0.67 1.28 0.65
Growth −36,142.9% +161.9% −84.4% +92.0% −49.0%
Per share
−0.13 −0.26 −0.06 0.00 −0.45 0.29 0.76 0.12 0.23 0.12
−0.13 −0.26 −0.06 0.00 −0.45 0.29 0.75 0.12 0.23 0.12
Growth +158.6% −84.0% +91.7% −47.8%
5,732 5,652 5,588 5,600 5,612 5,630 5,614 5,549 5,476 5,416
5,741 5,652 5,612 5,626 5,636 5,684 5,670 5,586 5,531 5,503
Growth −1.6% −0.7% +0.2% +0.2% +0.9% −0.3% −1.5% −1.0% −0.5%

Shown in EUR as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 1.9% a year over five years.
  • The diluted share count fell 2.4% in five years, so buybacks did some of the work per share.
  • Operating margin is flat at 4.4%.
  • A net loss in 4 of 10 years on file.