Nokia (NOK) Tax Provisions (2009 - 2024)

Nokia (NOK) posted quarterly Tax Provisions of -$130.9 million for Q2 2024, up 48.66% on a QoQ basis from -$254.9 million in Q1 2024.

Nokia (NOK) Tax Provisions (2009 - 2024) Analysis & Trends

Nokia (NOK) has reported Tax Provisions for 13 consecutive years, with -$130.9 million the latest figure, recorded in Q2 2024.

  • Quarterly Tax Provisions changed N/A year-over-year to -$130.9 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $6.7 billion (changed N/A YoY) and the FY2025 annual result came in at $315.2 million, down 27.11% from the prior year.
  • Tax Provisions advanced to -$130.9 million in Q2 2024 per NOK's latest filing, from -$254.9 million in the prior quarter.
  • Over the last five years, Tax Provisions for NOK reached as high as $7.5 billion in Q4 2020 and fell as low as -$388.0 million in Q3 2021.
  • A 3-year average of $1.1 billion and a median of -$180.4 million in 2020 frame the typical range for Tax Provisions.
  • The largest YoY upside for Tax Provisions was 2771.14% in 2020 against a maximum downside of 74.78% in 2020.
  • Year by year, Tax Provisions stood at $7.5 billion in 2020, then slumped by 105.19% to -$388.0 million in 2021, then jumped by 66.28% to -$130.9 million in 2024.
  • According to Business Quant data, Tax Provisions over the past three periods registered -$130.9 million, -$254.9 million, and -$388.0 million for Q2 2024, Q1 2024, and Q3 2021 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 666.00 Mn
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 73.00 Mn
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn -19.00 Mn
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 39.60 Mn
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 30.83 Mn
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 56.25 Mn
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn 1.17 Mn
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 32.00 Mn
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn -66.04 Mn

Historic Data

Download Data
DateValue
Jun 30, 2024 -130.86 Mn
Mar 31, 2024 -254.90 Mn
Sep 30, 2021 -388.04 Mn
Dec 31, 2020 7.48 Bn
Sep 30, 2020 -229.87 Mn
Mar 31, 2020 161.59 Mn
Dec 31, 2019 -279.94 Mn
Jun 30, 2019 120.62 Mn
Mar 31, 2019 640.67 Mn
Dec 31, 2018 4.55 Mn
Sep 30, 2018 69.27 Mn
Jun 30, 2018 152.98 Mn
Mar 31, 2018 180.40 Mn
Dec 31, 2016 -2.55 Bn
Sep 30, 2016 311.73 Mn
Mar 31, 2016 1.00 Bn
Dec 31, 2015 330.50 Mn
Jun 30, 2015 -469.04 Mn
Mar 31, 2015 -399.77 Mn
Dec 31, 2014 2.03 Bn