Nokia (NOK) Operating Margin (2009 - 2025)

Nokia has disclosed Operating Margin across 17 years of filings, most recently posting 17.71% for Q4 2025.

• In Q4 2025, Operating Margin rose 332.0% year-over-year to 17.71%; the TTM figure through Dec 2025 stood at 12.43% (up 116.0% YoY), while the FY2025 annual figure was 10.74%, up 49.0% from the prior year.
• Operating Margin came in at 17.71% for Q4 2025 at Nokia, up from 8.25% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 17.71% in Q4 2025 to a low of 5.03% in Q3 2023.
• Average Operating Margin over 5 years is 11.13%, with a median of 9.86% recorded in 2023.
• Year-over-year, Operating Margin jumped 613 bps in 2021 and plunged 510 bps in 2024.
• Over 5 years, Operating Margin stood at 11.54% in 2021, then grew by 3 bps to 11.84% in 2022, then retreated by 17 bps to 9.86% in 2023, then soared by 46 bps to 14.39% in 2024, then increased by 23 bps to 17.71% in 2025.
• Per Business Quant data, the three most recent Operating Margin figures were 17.71% in Q4 2025, 8.25% in Q2 2025, and 14.39% in Q4 2024.