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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	19,889	19,220	21,138
Revenue Growth (YoY)	3.48%	-9.07%	-
Cost of Revenue	11,230	10,356	12,592
Gross Profit	8,659	8,864	8,546
Selling, General & Admin	3,073	2,872	2,863
Research & Development	4,855	4,512	4,277
Other Operating Expenses	70	-280	-121
Total Operating Expenses	7,998	7,104	7,019
Operating Income	885	1,970	1,733
Interest Income	257	434	354
Interest Expense	-246	-320	-579
Other Non-Operating Income (Expense)	19	7	-39
Total Non-Operating Income (Expense)	30	121	-264
Pretax Income	915	2,091	1,469
Provision for Income Taxes	277	380	820
Net Income	651	1,277	665
Minority Interest in Earnings	9	7	14
Earnings From Discontinued Operations	22	-427	30
Net Income to Common	651	1,277	665
Net Income Growth	-49.02%	92.03%	-
Shares Outstanding (Basic)	5,416	5,476	5,549
Shares Outstanding (Diluted)	5,503	5,531	5,586
Shares Change (YoY)	-0.50%	-0.99%	-
EPS (Basic)	0.12	0.23	0.12
EPS (Diluted)	0.12	0.23	0.12
EPS Growth	-47.83%	91.67%	-
Free Cash Flow	1,465	2,021	665
Free Cash Flow Growth	-27.51%	203.91%	-
Free Cash Flow Per Share	0.27	0.37	0.12
Dividends Per Share	0.140	0.140	0.130
Dividend Growth	-	7.69%	-
Gross Margin	43.54%	46.12%	40.43%
Operating Margin	4.45%	10.25%	8.20%
Profit Margin	3.21%	8.90%	3.07%
FCF Margin	7.37%	10.52%	3.15%
EBITDA	2,004	2,984	2,820
EBITDA Margin	10.08%	15.53%	13.34%
EBIT	885	1,970	1,733
EBIT Margin	4.45%	10.25%	8.20%
Effective Tax Rate	30.27%	18.17%	55.82%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q