Nokia (NOK) Invested Capital (2009 - 2025)

Nokia has disclosed Invested Capital across 17 years of filings, most recently posting $32.6 billion for Q4 2025.

• Invested Capital for Q4 2025 came in at $32.6 billion, up 2.17% year-over-year; the trailing twelve-month figure through Dec 2025 was $32.6 billion (up 2.17% YoY), and the FY2025 annual result was $31.7 billion, down 0.84% from the prior year.
• Invested Capital came in at $32.6 billion for Q4 2025 at Nokia, up from $31.9 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $32.6 billion in Q4 2025 to a low of $16.7 billion in Q1 2021.
• The 5-year median for Invested Capital is $23.8 billion (2023), against an average of $25.4 billion.
• Across the five-year window, Invested Capital fell 14.75% in 2022 and surged 41.1% in 2024, its largest moves.
• Nokia's Invested Capital stood at $30.9 billion in 2021, then decreased by 14.75% to $26.3 billion in 2022, then decreased by 14.05% to $22.6 billion in 2023, then soared by 41.1% to $31.9 billion in 2024, then gained by 2.17% to $32.6 billion in 2025.
• The last three Invested Capital figures came in at $32.6 billion (Q4 2025), $31.9 billion (Q4 2024), and $23.6 billion (Q2 2024), per Business Quant data.