Nokia NOK
NYSE NOK
$10.05 +0.28 (+2.87%)
At close: Sep 4, 2026 · 4:00 PM EDT

Nokia (NOK) Research & Development (2009 - 2025)

Nokia's (NOK) quarterly Research & Development came in at -$1.6 billion in Q4 2025, down 29.45% year-over-year from -$2.2 billion in Q4 2024, and down 21.46% quarter-over-quarter from -$1.3 billion in Q2 2025.

Analysis

Nokia (NOK) Research & Development (2009 - 2025) Analysis & Trends

Nokia has disclosed Research & Development across 17 years of filings, most recently posting -$1.6 billion for Q4 2025.

  • In Q4 2025, Research & Development fell 29.45% year-over-year to -$1.6 billion; the TTM figure through Dec 2025 stood at -$5.3 billion (down 8.64% YoY), while the FY2025 annual figure was -$5.4 billion, down 10.49% from the prior year.
  • Research & Development came in at -$1.6 billion for Q4 2025 at Nokia, down from -$1.3 billion in the prior quarter.
  • In the past five years, Research & Development ranged from a high of -$310.3 million in Q2 2023 to a low of -$1.6 billion in Q4 2025.
  • Average Research & Development over 5 years is -$1.1 billion, with a median of -$1.2 billion recorded in 2021.
  • Year-over-year, Research & Development rose 6.8% in 2023 and plunged 293.5% in 2024.
  • Over 5 years, Research & Development stood at -$1.3 billion in 2021, then climbed by 2.52% to -$1.2 billion in 2022, then grew by 6.8% to -$1.2 billion in 2023, then dropped by 4.47% to -$1.2 billion in 2024, then decreased by 29.45% to -$1.6 billion in 2025.
  • Per Business Quant data, the three most recent Research & Development figures were -$1.6 billion in Q4 2025, -$1.3 billion in Q2 2025, and -$1.2 billion in Q4 2024.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Asml Holding 660.95 Bn 645.44 Bn 5.90 Bn -
2 Hsbc Holdings 367.89 Bn 367.94 Bn - -
3 General Electric 349.68 Bn 340.56 Bn 6.95 Bn 460.00 Mn
4 Astrazeneca 252.14 Bn 246.93 Bn 12.86 Bn -4.05 Bn
5 Citigroup 231.03 Bn -2,068.84 Bn 24.75 Bn 2.27 Bn
6 Bhp 229.70 Bn 211.16 Bn - -
7 Diageo 216.99 Bn 217.04 Bn - -
8 Rio Tinto 206.31 Bn 201.93 Bn - -
9 Ferrari 152.22 Bn 150.47 Bn 1.18 Bn 252.82 Mn
10 Nokia 57.71 Bn 51.06 Bn 3.40 Bn -1.57 Bn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 -1.57 Bn
Jun 30, 2025 -1.29 Bn
Dec 31, 2024 -1.21 Bn
Sep 30, 2024 -1.23 Bn
Jun 30, 2024 -1.22 Bn
Mar 31, 2024 -1.22 Bn
Dec 31, 2023 -1.16 Bn
Sep 30, 2023 -1.16 Bn
Jun 30, 2023 -310.34 Mn
Mar 31, 2023 -328.44 Mn
Dec 31, 2022 -1.25 Bn
Dec 31, 2021 -1.28 Bn
Sep 30, 2021 -1.22 Bn
Jun 30, 2021 -1.28 Bn
Mar 31, 2021 -1.20 Bn
Dec 31, 2020 -1.37 Bn
Sep 30, 2020 -1.08 Bn
Jun 30, 2020 -1.12 Bn
Mar 31, 2020 -1.11 Bn
Dec 31, 2019 -1.18 Bn