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 | 450.61 Bn | 433.97 Bn | 10.08 Bn |
| 2 | Motorola Solutions | 70.61 Bn | 69.72 Bn | 1.36 Bn |
| 3 | Hewlett Packard Enterprise | 63.14 Bn | 58.30 Bn | 9.10 Bn |
| 4 | Ciena | 52.37 Bn | 51.07 Bn | 625.52 Mn |
| 5 | Lumentum Holdings | 50.93 Bn | 47.76 Bn | 357.00 Mn |
| 6 | Nokia | 49.09 Bn | 41.79 Bn | 9.86 Bn |
| 7 | Ubiquiti | 32.37 Bn | 32.00 Bn | 370.71 Mn |
| 8 | Ericsson Lm Telephone | 31.92 Bn | 26.24 Bn | 2.53 Bn |
| 9 | AST SpaceMobile | 16.73 Bn | 16.73 Bn | 3.67 Mn |
| 10 | Zebra Technologies | 12.97 Bn | 12.85 Bn | 742.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |