Nokia Oyj Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19,889	19,220	21,138	23,761	22,202
Revenue Growth (YoY)	3.48%	-9.07%	-11.04%	7.02%	1.60%
Cost of Revenue	11,230	10,356	12,592	13,660	13,368
Gross Profit	8,659	8,864	8,546	10,101	8,834
Selling, General & Admin	3,073	2,890	2,878	2,956	2,792
Research & Development	4,855	4,512	4,277	4,503	4,214
Other Operating Expenses	-154	-537	-270	343	-330
Operating Income	885	1,999	1,661	2,299	2,158
Interest Income	19	412	387	152	78
Interest Expense	11	-320	-579	-282	-310
Total Non-Operating Income (Expense)	30	92	-192	-130	-232
Pretax Income	915	2,091	1,469	2,169	1,926
Provision for Income Taxes	277	380	820	-2,033	272
Net Income	651	1,277	665	4,250	1,623
Minority Interest in Earnings	9	7	14	9	22
Earnings From Discontinued Operations	22	-427	30	57	-9
Net Income to Common	651	1,277	665	4,250	1,623
Net Income Growth	-49.02%	92.03%	-84.35%	161.86%	-
Shares Outstanding (Basic)	5,416	5,476	5,549	5,614	5,630
Shares Outstanding (Diluted)	5,503	5,531	5,586	5,670	5,684
Shares Change (YoY)	-0.50%	-0.99%	-1.48%	-0.25%	0.85%
EPS (Basic)	0.12	0.23	0.11	0.75	0.29
EPS (Diluted)	0.12	0.23	0.11	0.74	0.29
EPS Growth	-47.83%	109.09%	-85.14%	155.17%	-
Free Cash Flow	1,465	2,021	665	873	2,065
Free Cash Flow Growth	-27.51%	203.91%	-23.83%	-57.72%	61.33%
Free Cash Flow Per Share	0.27	0.37	0.12	0.15	0.36
Dividends Per Share	0.140	0.140	0.130	0.120	0.080
Dividend Growth	-	7.69%	8.33%	50.00%	-
Gross Margin	43.54%	46.12%	40.43%	42.51%	39.79%
Operating Margin	4.45%	10.40%	7.86%	9.68%	9.72%
Profit Margin	3.21%	8.90%	3.07%	17.68%	7.45%
FCF Margin	7.37%	10.52%	3.15%	3.67%	9.30%
EBITDA	2,004	3,013	2,748	3,439	2,158
EBITDA Margin	10.08%	15.68%	13.00%	14.47%	9.72%
EBIT	885	1,999	1,661	2,299	2,158
EBIT Margin	4.45%	10.40%	7.86%	9.68%	9.72%
Effective Tax Rate	30.27%	18.17%	55.82%	-93.73%	14.12%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.