Nokia revenue and financials
Secondary listing. The primary listing is Nokia · Nasdaq Helsinki (EUR)
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In the fiscal year ended December 2025, Nokia reported revenue of €19.89B (+3.48% year over year). Net income was €651M, a net margin of 3.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +3.48%
- 2025 vs 2024
- Net income growth
- −49.02%
- 2025 vs 2024
- Net margin
- 3.3%
- 2024: 6.6%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 37,597 | 39,149 | 39,860 | 42,943 | 40,049 | 36,191 | 39,128 | 40,523 | 39,517 | 40,955 |
| Current assets | 15,792 | 17,987 | 18,166 | 20,266 | 19,597 | 18,215 | 16,808 | 18,282 | 18,266 | 19,769 |
| Cash and equivalents | 5,462 | 6,623 | 6,234 | 5,467 | 6,691 | 6,940 | 5,910 | — | 6,261 | — |
| Short-term investments | 961 | 1,661 | 1,565 | 3,080 | 2,577 | — | — | — | — | — |
| Receivables | 6,677 | 6,738 | 7,128 | 7,736 | 7,537 | — | — | — | — | — |
| Inventory | 2,209 | 2,163 | 2,719 | 3,265 | 2,392 | — | — | — | — | — |
| Net property, plant and equipment | 2,490 | 2,120 | 2,857 | 2,944 | 2,808 | — | — | — | — | — |
| Goodwill | 5,996 | 5,736 | 5,504 | 5,667 | 6,552 | — | 5,527 | — | 5,452 | — |
| Other intangible assets | 1,399 | 802 | 1,086 | 1,263 | 499 | — | — | — | — | — |
| Long-term investments | 1,559 | 1,649 | 1,903 | 1,854 | 1,001 | — | — | — | — | — |
| Current liabilities | 10,004 | 11,394 | 10,933 | 12,774 | 12,101 | 11,761 | 12,055 | 14,322 | 14,104 | 12,739 |
| Accounts payable | 2,978 | 3,213 | 3,423 | 4,730 | 3,679 | — | — | — | — | — |
| Long-term debt | 3,413 | 3,887 | 4,191 | 4,477 | 4,653 | 5,576 | 4,277 | — | 3,820 | — |
| Total debt | 4,413 | 4,750 | 5,188 | 5,519 | — | — | — | — | — | — |
| Total liabilities | 16,539 | 18,402 | 19,232 | 21,517 | 22,587 | 23,646 | 23,727 | — | 24,146 | — |
| Total equity (incl. minority) | 21,058 | 20,747 | 20,628 | 21,426 | 17,462 | — | — | — | — | — |
| Retained earnings | 1,857 | 1,956 | 1,404 | 1,375 | -2,537 | — | — | — | — | — |
| Minority interest | 91.0 | 90.0 | 91.0 | 93.0 | 102 | — | — | — | — | — |