Nokia (NOK) Operating Leases (2018 - 2025)

Nokia (NOK) posted quarterly Operating Leases of $906.9 million for Q4 2025, up 20.03% year-on-year from $755.6 million in Q4 2024, and up 20.03% on a QoQ basis from $755.6 million in Q4 2024.

Nokia (NOK) Operating Leases (2018 - 2025) Analysis & Trends

Nokia (NOK) has reported Operating Leases for 8 consecutive years, with $906.9 million the latest figure, recorded in Q4 2025.

  • Quarterly Operating Leases rose 20.03% year-over-year to $906.9 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $906.9 million (up 20.03% YoY) and the FY2025 annual result came in at $906.9 million, up 20.03% from the prior year.
  • Operating Leases rose to $906.9 million in Q4 2025 per NOK's latest filing, from $755.6 million in the prior quarter.
  • Over the last five years, Operating Leases for NOK reached as high as $976.4 million in Q4 2022 and fell as low as -$144.5 million in Q1 2024.
  • A 5-year average of $800.3 million and a median of $923.4 million in 2021 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2024 — Operating Leases retreated 16.9% — and 2025, when it increased 20.03%.
  • Year by year, Operating Leases stood at $937.7 million in 2021, then increased by 4.13% to $976.4 million in 2022, then dropped by 6.88% to $909.2 million in 2023, then declined by 16.9% to $755.6 million in 2024, then advanced by 20.03% to $906.9 million in 2025.
  • According to Business Quant data, Operating Leases over the past three periods registered $906.9 million, $755.6 million, and $818.2 million for Q4 2025, Q4 2024, and Q2 2024 respectively.

Peer Comparison

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

Historic Data

Download Data
DateValue
Dec 31, 2025 906.95 Mn
Dec 31, 2024 755.60 Mn
Jun 30, 2024 818.19 Mn
Mar 31, 2024 -144.52 Mn
Dec 31, 2023 909.23 Mn
Jun 30, 2023 954.74 Mn
Dec 31, 2022 976.36 Mn
Dec 31, 2021 937.67 Mn
Sep 30, 2021 946.78 Mn
Mar 31, 2021 942.23 Mn
Dec 31, 2020 820.47 Mn
Sep 30, 2020 818.19 Mn
Jun 30, 2020 829.57 Mn
Mar 31, 2020 823.88 Mn
Dec 31, 2019 877.36 Mn
Sep 30, 2019 835.26 Mn
Jun 30, 2019 851.19 Mn
Dec 31, 2018 2.28 Mn