Nokia (NOK) Net Margin (2009 - 2026)
Nokia's Net Margin was 8.60% in Q2 2026, up 2.93 percentage points from 5.67% a year earlier and up 1.59 percentage points from the prior quarter.
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Analysis
Nokia (NOK) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nokia's Net Margin was 8.45% through Jun 30, 2026, up 1.06 percentage points year-over-year; for FY2025, it was 3.27%, down 3.37 percentage points from FY2024.
- Net Margin shows a five-year change of +14.82 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 6.64% in FY2024 (+3.50 pp), 3.15% in FY2023 (-14.74 pp), 17.89% in FY2022 (+10.58 pp) and 7.31% in FY2021 (+18.86 pp).
- Quarterly Net Margin has moved between -3.27% (Q2 2024) and 14.67% (Q4 2025) over five years.
- Compared with a year earlier, Net Margin has increased for three straight quarters, with an average year-over-year change of +1.33 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2021 (a gain of 56.59 percentage points); the worst was Q2 2024 (a drop of 8.60 percentage points).
- Per Business Quant data, NOK's Net Margin in the three quarters before Q2 2026 was 7.01% (Q1 2026), 14.67% (Q4 2025) and 1.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 205.25 Bn | -2,192.43 Bn | 23.76 Bn | 22.00% |
| 2 | Bhp | 201.96 Bn | 156.98 Bn | - | - |
| 3 | Bank Of Nova Scotia | 114.44 Bn | -316.95 Bn | - | 26.37% |
| 4 | Vylor | 48.40 Bn | 46.20 Bn | 313.00 Mn | -52.49% |
| 5 | Nokia | 46.28 Bn | 46.28 Bn | 2.58 Bn | 8.60% |
| 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 | 8.60% |
| Mar 31, 2026 | 7.01% |
| Dec 31, 2025 | 14.67% |
| Sep 30, 2025 | 1.70% |
| Jun 30, 2025 | 5.67% |
| Mar 31, 2025 | 4.05% |
| Dec 31, 2024 | 13.59% |
| Sep 30, 2024 | 4.05% |
| Jun 30, 2024 | -3.27% |
| Mar 31, 2024 | 11.52% |
| Dec 31, 2023 | 10.25% |
| Sep 30, 2023 | 2.82% |
| Jun 30, 2023 | 5.33% |
| Mar 31, 2023 | 5.18% |
| Dec 31, 2022 | 12.47% |
| Dec 31, 2021 | 8.29% |
| Sep 30, 2021 | 8.41% |
| Jun 30, 2021 | 6.61% |
| Mar 31, 2021 | 7.35% |
| Dec 31, 2020 | -48.30% |
API Access
Nokia Net 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=net-margin&ticker=NOK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NOK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();