Nokia (NOK) Operating Expenses (2009 - 2025)
Nokia (NOK) posted Operating Expenses of -$1.0 billion for Q4 2025, down 19.6% sequentially from -$848.7 million in Q3 2025, and up 67.73% YoY from -$605.1 million in Q4 2024.
Nokia (NOK) Operating Expenses (2009 - 2025) Analysis & Trends
Nokia has reported Operating Expenses for 17 years, with the latest figure at -$1.0 billion in Q4 2025.
- Quarterly Operating Expenses rose 67.73% year-over-year to -$1.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$3.5 billion (up 34.59% YoY) and the FY2025 annual result came in at $9.2 billion, up 16.96% from the prior year.
- Operating Expenses declined to -$1.0 billion in Q4 2025 per NOK's latest filing, from -$848.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$288.6 million in Q2 2024 and troughed at -$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.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 84.85% in 2023, then slumped 277.77% in 2024.
- Over 5 years, Operating Expenses stood at -$7.7 billion in 2021, then rose by 28.74% to -$5.5 billion in 2022, then surged by 84.85% to -$832.8 million in 2023, then tumbled by 277.77% to -$3.1 billion in 2024, then surged by 67.73% to -$1.0 billion in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered -$1.0 billion, -$848.7 million, and -$834.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 504.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -1.02 Bn |
| Sep 30, 2025 | -848.73 Mn |
| Jun 30, 2025 | -834.25 Mn |
| Mar 31, 2025 | -805.74 Mn |
| Dec 31, 2024 | -3.15 Bn |
| Sep 30, 2024 | -1.33 Bn |
| Jun 30, 2024 | -288.61 Mn |
| Mar 31, 2024 | -595.33 Mn |
| Dec 31, 2023 | -832.78 Mn |
| Sep 30, 2023 | -5.77 Bn |
| Jun 30, 2023 | -751.36 Mn |
| Dec 31, 2022 | -5.50 Bn |
| Dec 31, 2021 | -7.71 Bn |
| Sep 30, 2021 | -6.05 Bn |
| Jun 30, 2021 | -3.91 Bn |
| Mar 31, 2021 | -1.98 Bn |
| Dec 31, 2020 | -7.55 Bn |
| Sep 30, 2020 | -5.91 Bn |
| Jun 30, 2020 | -3.62 Bn |
| Mar 31, 2020 | -1.97 Bn |