Nokia (NOK) Gross Margin (2009 - 2025)
Nokia's (NOK) quarterly Gross Margin came in at 48.46% in Q4 2025, up 3258.0% year-over-year from 1.44% in Q4 2024, and up 6.86% quarter-over-quarter from 45.35% in Q2 2025.
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Analysis
Nokia (NOK) Gross Margin (2009 - 2025) Analysis & Trends
Nokia has disclosed Gross Margin across 15 years of filings, most recently posting 48.46% for Q4 2025.
- In Q4 2025, Gross Margin rose 3258.0% year-over-year to 48.46%; the TTM figure through Dec 2025 stood at 32.25% (up 1550.0% YoY), while the FY2025 annual figure was 45.63%, down 49.0% from the prior year.
- Gross Margin came in at 48.46% for Q4 2025 at Nokia, up from 45.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 48.46% in Q4 2025 to a low of 13.21% in Q3 2023.
- Average Gross Margin over 3 years is 27.13%, with a median of 17.96% recorded in 2024.
- Year-over-year, Gross Margin sank 2627 bps in 2024 and jumped 3258 bps in 2025.
- Over 3 years, Gross Margin stood at 14.12% in 2023, then advanced by 12 bps to 15.88% in 2024, then jumped by 205 bps to 48.46% in 2025.
- Per Business Quant data, the three most recent Gross Margin figures were 48.46% in Q4 2025, 45.35% in Q2 2025, and 15.88% in Q4 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Asml Holding | 660.95 Bn | 645.44 Bn | 5.90 Bn | 52.15% |
| 2 | Hsbc Holdings | 367.89 Bn | 367.94 Bn | - | - |
| 3 | General Electric | 349.68 Bn | 340.56 Bn | 6.95 Bn | 52.07% |
| 4 | Astrazeneca | 252.14 Bn | 246.93 Bn | 12.86 Bn | 83.60% |
| 5 | Citigroup | 231.03 Bn | -2,068.84 Bn | 24.75 Bn | 99.93% |
| 6 | Bhp | 229.70 Bn | 211.16 Bn | - | - |
| 7 | Diageo | 216.99 Bn | 217.04 Bn | - | - |
| 8 | Rio Tinto | 206.31 Bn | 201.93 Bn | - | - |
| 9 | Ferrari | 152.22 Bn | 150.47 Bn | 1.18 Bn | 52.59% |
| 10 | Nokia | 57.71 Bn | 51.06 Bn | 3.40 Bn | 48.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 48.46% |
| Jun 30, 2025 | 45.35% |
| Dec 31, 2024 | 15.88% |
| Sep 30, 2024 | 16.48% |
| Jun 30, 2024 | 19.44% |
| Mar 31, 2024 | 15.48% |
| Dec 31, 2023 | 14.12% |
| Sep 30, 2023 | 13.21% |
| Jun 30, 2023 | 41.15% |
| Mar 31, 2023 | 41.75% |
| Dec 31, 2020 | 5.80% |
| Sep 30, 2020 | 6.20% |
| Jun 30, 2020 | 6.66% |
| Mar 31, 2020 | 7.02% |
| Dec 31, 2019 | 39.97% |
| Sep 30, 2019 | 34.63% |
| Jun 30, 2019 | 37.17% |
| Mar 31, 2019 | 32.45% |
| Dec 31, 2018 | 42.42% |
| Sep 30, 2018 | 39.21% |