Nokia (NOK) Operating Expenses (2009 - 2025)

Nokia has disclosed Operating Expenses across 17 years of filings, most recently posting -$2.6 billion for Q4 2025.

• In Q4 2025, Operating Expenses fell 25.04% year-over-year to -$2.6 billion; the TTM figure through Dec 2025 stood at -$8.7 billion (down 39.02% YoY), while the FY2025 annual figure was -$8.8 billion, down 9.72% from the prior year.
• Operating Expenses came in at -$2.6 billion for Q4 2025 at Nokia, down from -$2.1 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$256.3 million in Q2 2024 to a low of -$2.6 billion in Q4 2025.
• Average Operating Expenses over 5 years is -$1.7 billion, with a median of -$2.0 billion recorded in 2021.
• Year-over-year, Operating Expenses grew 15.94% in 2024 and sank 723.25% in 2025.
• Over 5 years, Operating Expenses stood at -$2.1 billion in 2021, then retreated by 0.72% to -$2.1 billion in 2022, then rose by 5.09% to -$2.0 billion in 2023, then retreated by 2.85% to -$2.1 billion in 2024, then decreased by 25.04% to -$2.6 billion in 2025.
• Per Business Quant data, the three most recent Operating Expenses figures were -$2.6 billion in Q4 2025, -$2.1 billion in Q2 2025, and -$2.1 billion in Q4 2024.