Nokia (NOK) Operating Income (2009 - 2025)
Nokia (NOK) posted Operating Income of -$161.8 million for Q4 2025, down 130.89% sequentially from $523.7 million in Q3 2025, and down 117.59% YoY from $920.1 million in Q4 2024.
Nokia (NOK) Operating Income (2009 - 2025) Analysis & Trends
Nokia has reported Operating Income for 17 years, with the latest figure at -$161.8 million in Q4 2025.
- Quarterly Operating Income fell 117.59% year-over-year to -$161.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $997.2 million (down 66.81% YoY) and the FY2025 annual result came in at $1.0 billion, down 51.06% from the prior year.
- Operating Income declined to -$161.8 million in Q4 2025 per NOK's latest filing, from $523.7 million in the prior quarter.
- Over five years, Operating Income peaked at $3.2 billion in Q4 2021 and troughed at -$161.8 million in Q4 2025.
- A 5-year average of $967.1 million and a median of $778.8 million in 2021 frame the typical range for Operating Income.
- The sharpest annual moves came in 2021 and 2025: Operating Income surged 419.02% in 2021, then slumped 117.59% in 2025.
- Over 5 years, Operating Income stood at $3.2 billion in 2021, then slumped by 71.65% to $899.9 million in 2022, then fell by 0.76% to $893.0 million in 2023, then rose by 3.03% to $920.1 million in 2024, then plunged by 117.59% to -$161.8 million in 2025.
- According to Business Quant data, Operating Income over the past three periods registered -$161.8 million, $523.7 million, and $415.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 3.96 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 747.00 Mn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 809.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 174.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -161.80 Mn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 237.87 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 290.82 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | 632.32 Mn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | -319.98 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 321.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -161.80 Mn |
| Sep 30, 2025 | 523.74 Mn |
| Jun 30, 2025 | 415.43 Mn |
| Mar 31, 2025 | 219.84 Mn |
| Dec 31, 2024 | 920.06 Mn |
| Sep 30, 2024 | 532.64 Mn |
| Jun 30, 2024 | 900.28 Mn |
| Mar 31, 2024 | 651.82 Mn |
| Dec 31, 2023 | 893.03 Mn |
| Sep 30, 2023 | 1.64 Bn |
| Jun 30, 2023 | 510.71 Mn |
| Dec 31, 2022 | 899.86 Mn |
| Dec 31, 2021 | 3.17 Bn |
| Sep 30, 2021 | 2.20 Bn |
| Jun 30, 2021 | 1.49 Bn |
| Mar 31, 2021 | 664.64 Mn |
| Dec 31, 2020 | 2.48 Bn |
| Sep 30, 2020 | 1.20 Bn |
| Jun 30, 2020 | 593.69 Mn |
| Mar 31, 2020 | 128.06 Mn |