Nokia (NOK) Research & Development (2009 - 2026)
Nokia (NOK) posted Research & Development of $1.61 billion for Q2 2026, up 24.2% from $1.29 billion a year earlier and up 12.3% from the prior quarter.
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Analysis
Nokia (NOK) Research & Development (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Nokia was $5.96 billion, up 21.2% year-over-year; for FY2025, it came in at $5.49 billion, up 12.3% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- In prior years, Nokia's Research & Development was $4.88 billion in FY2024 (+5.6%), $4.63 billion in FY2023 (-2.5%), $4.75 billion in FY2022 (-4.8%) and $4.99 billion in FY2021 (+6.9%).
- The Q2 2026 figure stands as the highest quarterly Research & Development since Q4 2012.
- On a year-over-year basis, Research & Development has increased in each of the last five quarters, with growth averaging 12.2% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2025, with growth of 29.5%; the weakest was Q4 2023, with a decline of 6.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $1.43 billion (Q1 2026), $1.57 billion (Q4 2025) and $1.35 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Citigroup | 205.25 Bn | -2,192.43 Bn | 23.76 Bn | - |
| 2 | Bhp | 201.96 Bn | 156.98 Bn | - | - |
| 3 | Bank Of Nova Scotia | 114.44 Bn | -316.95 Bn | - | - |
| 4 | Vylor | 48.40 Bn | 46.20 Bn | 313.00 Mn | 268.00 Mn |
| 5 | Nokia | 46.28 Bn | 46.28 Bn | 2.58 Bn | 1.61 Bn |
| 6 | Haleon | 41.09 Bn | 34.80 Bn | - | - |
| 7 | Gold Fields | 32.02 Bn | 28.94 Bn | - | - |
| 8 | Smith & Nephew | 27.46 Bn | 24.86 Bn | - | - |
| 9 | Sprott Physical Gold Trust | 13.93 Bn | 13.78 Bn | - | - |
| 10 | Magnum Ice Cream | 12.19 Bn | 10.88 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.61 Bn |
| Mar 31, 2026 | 1.43 Bn |
| Dec 31, 2025 | 1.57 Bn |
| Sep 30, 2025 | 1.35 Bn |
| Jun 30, 2025 | 1.29 Bn |
| Mar 31, 2025 | 1.19 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 | 1.13 Bn |
| Mar 31, 2023 | 1.19 Bn |
| 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 |
API Access
Nokia Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NOK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NOK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NOK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();