Nokia (NOK) Operating Leases (2018 - 2025)
Nokia's (NOK) quarterly Operating Leases came in at $927.7 million in Q4 2025, up 30.75% year-on-year from $709.5 million in Q4 2024, and up 30.75% quarter-over-quarter from $709.5 million in Q4 2024.
Nokia (NOK) Operating Leases (2018 - 2025) Analysis & Trends
Nokia has disclosed Operating Leases across 8 years of filings, most recently posting $927.7 million for Q4 2025.
- Operating Leases for Q4 2025 came in at $927.7 million, up 30.75% year-over-year; the trailing twelve-month figure through Dec 2025 was $927.7 million (up 30.75% YoY), and the FY2025 annual result was $900.5 million, up 26.91% from the prior year.
- Operating Leases came in at $927.7 million for Q4 2025 at Nokia, up from $709.5 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $998.8 million in Q1 2021 to a low of $709.5 million in Q4 2024.
- The 5-year median for Operating Leases is $913.6 million (2023), against an average of $887.0 million.
- Across the five-year window, Operating Leases retreated 17.46% in 2024 and surged 30.75% in 2025, its largest moves.
- Nokia's Operating Leases stood at $942.6 million in 2021, then slipped by 7.14% to $875.4 million in 2022, then decreased by 1.79% to $859.7 million in 2023, then declined by 17.46% to $709.5 million in 2024, then surged by 30.75% to $927.7 million in 2025.
- The last three Operating Leases figures came in at $927.7 million (Q4 2025), $709.5 million (Q4 2024), and $774.3 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn |
| 10 | Nokia | 4.12 Bn | -2.64 Bn | 10.09 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 927.74 Mn |
| Dec 31, 2024 | 709.55 Mn |
| Jun 30, 2024 | 774.28 Mn |
| Dec 31, 2023 | 859.68 Mn |
| Jun 30, 2023 | 913.61 Mn |
| Dec 31, 2022 | 875.37 Mn |
| Dec 31, 2021 | 942.63 Mn |
| Sep 30, 2021 | 981.17 Mn |
| Mar 31, 2021 | 998.76 Mn |
| Dec 31, 2020 | 859.64 Mn |
| Sep 30, 2020 | 839.85 Mn |
| Jun 30, 2020 | 802.96 Mn |
| Mar 31, 2020 | 799.25 Mn |
| Dec 31, 2019 | 853.41 Mn |
| Sep 30, 2019 | 816.74 Mn |
| Jun 30, 2019 | 840.48 Mn |
| Dec 31, 2018 | 2.28 Mn |