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| Date | Value |
|---|---|
| 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 |