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Nokia Corp (NOK)

Nokia Corp reported revenue of €19.9B in fiscal 2025, up 3.5% from a year earlier. Net income was €651M, a net margin of 3.3%. At December 31, 2025 it held €5.5B in cash against €3.4B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 5, 2026.

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Price
$9.40
-4.67% on the day · October 14, 2026
52-week range $5.45 to $17.45
Market cap
$54B
Revenue (FY2025)
€19.9B
+3.5% year on year
Net margin
3.3%

Key facts about Nokia Corp

Net worth
Nokia Corp has a market value (market cap) of $54B at the latest share price, and shareholders' equity of €21B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was €19.9B (+3.5% year on year), with net income of €651M.
Cash flow
In fiscal 2025 operations brought in €2.1B of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 5, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Nokia Corp does

Nokia designs and manufactures mobile and fixed network infrastructure, optical transport systems, and cloud network software. Telecommunications carriers, enterprise network operators, and governments buy its equipment to build cellular networks and broadband infrastructure. Its shares trade on NYSE under the ticker NOK.

Revenue and profit by year

Revenue
FY18: €22.6B €22.6B FY18FY19: €23.3B €23.3B FY19FY20: €21.9B €21.9B FY20FY21: €22.2B €22.2B FY21FY22: €23.8B €23.8B FY22FY23: €21.1B €21.1B FY23FY24: €19.2B €19.2B FY24FY25: €19.9B €19.9B FY25
Net income
FY18: -€340M -€340M FY18FY19: €7M €7M FY19FY20: -€2.5B -€2.5B FY20FY21: €1.6B €1.6B FY21FY22: €4.3B €4.3B FY22FY23: €665M €665M FY23FY24: €1.3B €1.3B FY24FY25: €651M €651M FY25

Fiscal years as reported in annual reports. Amounts in EUR.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025€19.9B€885M€651M€0.12n/a
2024€19.2B€2B€1.3B€0.23n/a
2023€21.1B€1.7B€665M€0.12n/a
2022€23.8B€2.3B€4.3B€0.75n/a
2021€22.2B€2.2B€1.6B€0.29n/a
2020€21.9B€885M-€2.5B-€0.45n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where NOK ranks in Technology

Revenue growth+3.5%
#412 of 604 in Technology · Bottom 32%
Net margin3.3%
#279 of 611 in Technology · Top 46%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Dividends

It paid out €759M in cash dividends, 117% of its net income.

Fiscal yearPer sharePaid outOf profit
2025n/a€759M117%
2024n/a€723M57%
2023n/a€621M93%
2022n/a€353M8%
2021n/a€9M1%
2020n/a€149Mn/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Nokia Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 8, 2026
  2. August 27, 2026
  3. August 14, 2026
  4. August 7, 2026
  5. August 6, 2026
  6. July 29, 2026
  7. July 27, 2026
  8. July 23, 2026
  9. July 10, 2026
  10. July 9, 2026

Insider trades

What the people running Nokia Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns NOK

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Fmr LLC13G, passive with 1 related filers 5.2% 300,313,477 August 6, 2026

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about NOK

What does Nokia Corp do?

Nokia designs and manufactures mobile and fixed network infrastructure, optical transport systems, and cloud network software. Telecommunications carriers, enterprise network operators, and governments buy its equipment to build cellular networks and broadband infrastructure. Its shares trade on NYSE under the ticker NOK.

What is Nokia Corp's net worth?

Nokia Corp has a market value (market cap) of $54B at the latest share price, and shareholders' equity of €21B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Nokia Corp profitable?

Yes. In fiscal 2025 it reported net income of €651M on revenue of €19.9B, a net margin of 3.3%.

How much revenue does Nokia Corp make?

In fiscal 2025 Nokia Corp reported revenue of €19.9B. That is 3.5% more than a year earlier.

When did Nokia Corp last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 5, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 8, 2026.

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Get an email when Nokia Corp files with the SEC: results, executive changes, material agreements and annual reports.

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Where the numbers come from

Financial figures are the values Nokia Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.