Nokia (NOK) Operating Income (2009 - 2025)

Nokia (NOK) posted quarterly Operating Income of -$158.2 million for Q4 2025, down 116.14% year-on-year from $979.8 million in Q4 2024, and down 131.03% on a QoQ basis from $509.8 million in Q3 2025.

Nokia (NOK) Operating Income (2009 - 2025) Analysis & Trends

Nokia (NOK) has reported Operating Income for 17 consecutive years, with -$158.2 million the latest figure, recorded in Q4 2025.

  • Quarterly Operating Income fell 116.14% year-over-year to -$158.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.0 billion (down 68.19% YoY) and the FY2025 annual result came in at $1.0 billion, down 55.08% from the prior year.
  • Operating Income slipped to -$158.2 million in Q4 2025 per NOK's latest filing, from $509.8 million in the prior quarter.
  • Over the last five years, Operating Income for NOK reached as high as $3.2 billion in Q4 2021 and fell as low as -$158.2 million in Q4 2025.
  • A 5-year average of $980.2 million and a median of $813.6 million in 2024 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2021 — Operating Income soared 375.0% — and 2025, when it sank 116.14%.
  • Year by year, Operating Income stood at $3.2 billion in 2021, then tumbled by 68.22% to $1.0 billion in 2022, then fell by 5.9% to $944.5 million in 2023, then increased by 3.73% to $979.8 million in 2024, then tumbled by 116.14% to -$158.2 million in 2025.
  • According to Business Quant data, Operating Income over the past three periods registered -$158.2 million, $509.8 million, and $417.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 3.96 Bn
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 525.00 Mn
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn 470.00 Mn
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 174.50 Mn
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 189.41 Mn
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -158.18 Mn
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 290.82 Mn
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn -160.48 Mn
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 215.00 Mn
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn -624,000.00

Historic Data

Download Data
DateValue
Dec 31, 2025 -158.18 Mn
Sep 30, 2025 509.80 Mn
Jun 30, 2025 417.63 Mn
Mar 31, 2025 237.83 Mn
Dec 31, 2024 979.78 Mn
Sep 30, 2024 551.91 Mn
Jun 30, 2024 951.33 Mn
Mar 31, 2024 682.77 Mn
Dec 31, 2023 944.50 Mn
Sep 30, 2023 1.71 Bn
Jun 30, 2023 533.70 Mn
Dec 31, 2022 1.00 Bn
Dec 31, 2021 3.16 Bn
Sep 30, 2021 2.12 Bn
Jun 30, 2021 1.40 Bn
Mar 31, 2021 627.01 Mn
Dec 31, 2020 2.37 Bn
Sep 30, 2020 1.17 Bn
Jun 30, 2020 613.36 Mn
Mar 31, 2020 132.00 Mn