Nokia (NOK) Gross Margin (2009 - 2026)
Nokia (NOK) reported Gross Margin of 46.02% for Q2 2026, up 0.68 percentage points from 45.35% a year earlier and up 0.08 percentage points from the prior quarter.
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Analysis
Nokia (NOK) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Nokia's Gross Margin came in at 46.47%, up 17.39 percentage points year-over-year; for FY2025, it came in at 43.54%, down 2.58 percentage points from FY2024.
- Gross Margin has a five-year change of +6.04 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 46.12% in FY2024 (+5.69 pp), 40.43% in FY2023 (-2.08 pp), 42.51% in FY2022 (+2.72 pp) and 39.79% in FY2021 (+2.30 pp).
- Five-year quarterly Gross Margin spans a low of 15.48% in Q1 2024 and a high of 48.46% in Q4 2025.
- Year over year, Gross Margin has now increased in each of the last six quarters, with an average year-over-year change of +8.36 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2025 (a gain of 32.58 percentage points); the low point was Q4 2024 (a drop of 27.42 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 45.94% (Q1 2026), 48.46% (Q4 2025) and 44.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 205.25 Bn | -2,192.43 Bn | 23.76 Bn | 99.65% |
| 2 | Bhp | 201.96 Bn | 156.98 Bn | - | - |
| 3 | Bank Of Nova Scotia | 114.44 Bn | -316.95 Bn | - | - |
| 4 | Vylor | 48.40 Bn | 46.20 Bn | 313.00 Mn | 34.59% |
| 5 | Nokia | 46.28 Bn | 46.28 Bn | 2.58 Bn | 46.02% |
| 6 | Haleon | 41.09 Bn | 34.80 Bn | - | - |
| 7 | Gold Fields | 32.02 Bn | 28.94 Bn | - | - |
| 8 | Smith & Nephew | 27.46 Bn | 24.86 Bn | - | - |
| 9 | Sprott Physical Gold Trust | 13.93 Bn | 13.78 Bn | - | - |
| 10 | Magnum Ice Cream | 12.19 Bn | 10.88 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.02% |
| Mar 31, 2026 | 45.94% |
| Dec 31, 2025 | 48.46% |
| Sep 30, 2025 | 44.87% |
| Jun 30, 2025 | 45.35% |
| Mar 31, 2025 | 42.84% |
| Dec 31, 2024 | 15.88% |
| Sep 30, 2024 | 16.48% |
| Jun 30, 2024 | 19.44% |
| Mar 31, 2024 | 15.48% |
| Dec 31, 2023 | 43.30% |
| Sep 30, 2023 | 40.18% |
| Jun 30, 2023 | 39.50% |
| Mar 31, 2023 | 38.76% |
| Dec 31, 2020 | 10.45% |
| Sep 30, 2020 | 11.99% |
| Jun 30, 2020 | 10.27% |
| Mar 31, 2020 | 9.14% |
| Dec 31, 2019 | 39.97% |
| Sep 30, 2019 | 34.63% |
API Access
Nokia Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=NOK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "NOK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=NOK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();