Nokia Oyj Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	19,996	19,889	19,220	21,138	23,761	22,202
Revenue Growth (YoY)	4.33%	3.48%	-9.07%	-11.04%	7.02%	1.60%
Cost of Revenue	10,926	11,009	10,176	12,441	13,575	13,368
Gross Profit	9,070	8,880	9,044	8,697	10,186	8,834
Selling, General & Admin	2,630	2,679	2,545	2,537	2,817	2,766
Research & Development	4,772	4,718	4,319	4,216	4,466	4,214
Other Operating Expenses	-20	-53	-120	-71	198	59
Operating Expenses	7,382	7,344	6,744	6,682	7,481	7,039
Operating Income	1,688	1,536	2,300	2,015	2,705	1,795
Interest Expense	-219	-219	-326	-354	-220	-206
Interest & Investment Income	245	151	300	220	81	49
Earnings From Equity Investments	18	19	7	-39	-26	9
Currency Exchange Gain (Loss)	83	83	39	-98	-83	-15
Other Non Operating Income (Expenses)	-22	-57	-2	-15	-82	-50
EBT Excluding Unusual Items	1,793	1,513	2,318	1,729	2,375	1,582
Merger & Restructuring Charges	-547	-478	-445	-356	-168	-
Gain (Loss) on Sale of Investments	-56	-69	142	-72	-40	188
Gain (Loss) on Sale of Assets	21	22	165	168	2	66
Asset Writedown	1	-	-89	-	-	-
Legal Settlements	-8	-	-	-	-	90
Other Unusual Items	-73	-73	-	-	-	-
Pretax Income	1,131	915	2,091	1,469	2,169	1,926
Income Tax Expense	347	277	380	820	-2,033	272
Earnings From Continuing Operations	784	638	1,711	649	4,202	1,654
Earnings From Discontinued Operations	22	22	-427	30	57	-9
Net Income to Company	806	660	1,284	679	4,259	1,645
Minority Interest in Earnings	-10	-9	-7	-14	-9	-22
Net Income	796	651	1,277	665	4,250	1,623
Net Income to Common	796	651	1,277	665	4,250	1,623
Net Income Growth	1.53%	-49.02%	92.03%	-84.35%	161.86%	-
Shares Outstanding (Basic)	5,468	5,416	5,476	5,549	5,614	5,630
Shares Outstanding (Diluted)	5,589	5,503	5,531	5,586	5,667	5,684
Shares Change (YoY)	1.90%	-0.50%	-0.99%	-1.43%	-0.31%	1.28%
EPS (Basic)	0.15	0.12	0.23	0.12	0.76	0.29
EPS (Diluted)	0.14	0.11	0.23	0.12	0.75	0.29
EPS Growth	-1.24%	-51.03%	101.78%	-84.62%	160.17%	-
Free Cash Flow	1,373	1,465	2,021	665	873	2,065
Free Cash Flow Per Share	0.25	0.27	0.36	0.12	0.15	0.36
Dividend Per Share	0.140	0.140	0.140	0.130	0.120	0.080
Dividend Growth	-	-	7.69%	8.33%	50.00%	-
Gross Margin	45.36%	44.65%	47.05%	41.14%	42.87%	39.79%
Operating Margin	8.44%	7.72%	11.97%	9.53%	11.38%	8.09%
Profit Margin	3.98%	3.27%	6.64%	3.15%	17.89%	7.31%
Free Cash Flow Margin	6.87%	7.37%	10.51%	3.15%	3.67%	9.30%
EBITDA	2,537	2,440	3,091	2,886	3,845	2,676
EBITDA Margin	12.69%	12.27%	16.08%	13.65%	16.18%	12.05%
D&A For EBITDA	849	904	791	871	1,140	881
EBIT	1,688	1,536	2,300	2,015	2,705	1,795
EBIT Margin	8.44%	7.72%	11.97%	9.53%	11.38%	8.09%
Effective Tax Rate	30.68%	30.27%	18.17%	55.82%	-	14.12%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.