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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 37,276 | 37,286 | 37,597 | 36,044 | 36,028 | 39,261 | 39,149 | 37,885 | 38,859 | 39,675 | 39,860 | 40,544 |
| Current assets | 14,757 | 15,013 | 15,792 | 14,374 | 14,262 | 16,328 | 17,987 | 17,601 | 18,016 | 17,945 | 18,166 | 18,304 |
| Cash and equivalents | 4,348 | 4,951 | 5,462 | 4,892 | 4,797 | 5,543 | 6,623 | 7,043 | 6,853 | 6,561 | 6,234 | 4,605 |
| Short-term investments | 782 | 879 | 961 | 773 | 755 | 1,174 | 1,661 | 1,714 | 1,863 | 1,837 | 1,565 | 1,698 |
| Receivables | 6,836 | 6,510 | 6,677 | 5,929 | 5,702 | 6,527 | 6,738 | 5,039 | 5,631 | 6,352 | 7,128 | 8,190 |
| Inventory | 2,743 | 2,381 | 2,209 | 2,380 | 2,479 | 2,579 | 2,163 | 2,532 | 2,479 | 2,686 | 2,719 | 3,291 |
| Net property, plant and equipment | 2,560 | 2,498 | 2,490 | 2,445 | 2,432 | 2,353 | 2,120 | 2,031 | 2,176 | 2,791 | 2,857 | 2,905 |
| Goodwill | 6,134 | 6,093 | 5,996 | 5,971 | 6,019 | 6,417 | 5,736 | 5,425 | 5,601 | 5,589 | 5,504 | 5,693 |
| Other intangible assets | 1,323 | 1,375 | 1,399 | 1,542 | 1,571 | 1,717 | 802 | 870 | 961 | 1,047 | 1,086 | 1,070 |
| Long-term investments | 1,801 | 1,712 | 1,559 | 1,627 | 1,646 | 1,713 | 1,649 | 1,599 | 1,631 | 1,694 | 1,903 | 2,014 |
| Current liabilities | 9,805 | 9,583 | 10,004 | 9,724 | 9,775 | 11,997 | 11,394 | 10,500 | 10,710 | 10,872 | 10,933 | 11,146 |
| Accounts payable | 3,511 | 3,154 | 2,978 | 3,062 | 2,979 | 3,035 | 3,213 | 2,783 | 2,901 | 3,041 | 3,423 | 3,576 |
| Long-term debt | 1,922 | 2,338 | 2,329 | 2,343 | 2,342 | 2,287 | 2,918 | 2,785 | 2,747 | 3,124 | 3,637 | 3,562 |
| Total debt | 3,359 | 3,325 | 4,413 | 4,065 | 4,100 | — | — | — | — | — | — | — |
| Total liabilities | 15,984 | 16,013 | 16,539 | 16,371 | 16,215 | 18,442 | 18,402 | 17,431 | 17,841 | 18,442 | 19,232 | 19,193 |
| Total equity (incl. minority) | 21,292 | 21,273 | 21,058 | 19,673 | 19,813 | 20,819 | 20,747 | 20,454 | 21,018 | 21,233 | 20,628 | 21,351 |
| Retained earnings | 1,552 | 1,775 | 1,857 | 1,477 | 1,608 | 1,731 | 1,956 | 1,309 | 1,305 | 1,675 | 1,404 | 1,644 |
| Minority interest | 97.0 | 92.0 | 91.0 | 91.0 | 92.0 | 89.0 | 90.0 | 100 | 94.0 | 95.0 | 91.0 | 86.0 |