Nokia (NOK) Invested Capital (2009 - 2025)

Nokia has disclosed Invested Capital across 17 years of filings, most recently posting $28.5 billion for Q4 2025.

• In Q4 2025, Invested Capital rose 8.21% year-over-year to $28.5 billion; the TTM figure through Dec 2025 stood at $28.5 billion (up 8.21% YoY), while the FY2025 annual figure was $27.6 billion, up 3.7% from the prior year.
• Invested Capital came in at $28.5 billion for Q4 2025 at Nokia, up from $26.3 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $28.5 billion in Q4 2025 to a low of $22.8 billion in Q1 2021.
• Average Invested Capital over 5 years is $26.2 billion, with a median of $26.4 billion recorded in 2022.
• Year-over-year, Invested Capital climbed 16.9% in 2021 and dropped 4.02% in 2024.
• Over 5 years, Invested Capital stood at $25.4 billion in 2021, then advanced by 3.87% to $26.4 billion in 2022, then advanced by 1.05% to $26.7 billion in 2023, then declined by 1.42% to $26.3 billion in 2024, then advanced by 8.21% to $28.5 billion in 2025.
• Per Business Quant data, the three most recent Invested Capital figures were $28.5 billion in Q4 2025, $26.3 billion in Q4 2024, and $26.6 billion in Q2 2024.