Nokia (NOK) Operating Expenses (2009 - 2025)

Nokia (NOK) has reported Operating Expenses for 17 consecutive years, with -$992.3 million the latest figure, recorded in Q4 2025.

• Quarterly Operating Expenses rose 70.38% year-over-year to -$992.3 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$3.5 billion (up 37.58% YoY) and the FY2025 annual result came in at $9.0 billion, up 7.37% from the prior year.
• Operating Expenses retreated to -$992.3 million in Q4 2025 per NOK's latest filing, from -$826.2 million in the prior quarter.
• Over the last five years, Operating Expenses for NOK reached as high as -$305.0 million in Q2 2024 and fell as low as -$7.7 billion in Q4 2021.
• A 5-year average of -$2.6 billion and a median of -$1.2 billion in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses surged 85.63% — and 2024, when it slumped 280.36%.
• Year by year, Operating Expenses stood at -$7.7 billion in 2021, then increased by 20.09% to -$6.1 billion in 2022, then jumped by 85.63% to -$880.8 million in 2023, then plunged by 280.36% to -$3.4 billion in 2024, then surged by 70.38% to -$992.3 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered -$992.3 million, -$826.2 million, and -$838.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.