Nokia (NOK) Tax Rate (2009 - 2024)

Nokia (NOK) posted Tax Rate of 24.95% for Q2 2024, down 2.9% sequentially from 24.24% in Q1 2024.

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

Nokia has reported Tax Rate for 11 years, with the latest figure at 24.95% in Q2 2024.

Quarterly Tax Rate changed N/A year-over-year to 24.95% in Q2 2024, while the trailing twelve-month figure through Jun 2024 was 115.28% (changed N/A YoY) and the FY2025 annual result came in at 30.27%, up 1210.0% from the prior year.
Tax Rate eased to 24.95% in Q2 2024 per NOK's latest filing, from 24.24% in the prior quarter.
Over five years, Tax Rate peaked at 954.55% in Q4 2020 and troughed at 24.95% in Q2 2024.
A 3-year average of 172.38% and a median of 23.63% in 2020 frame the typical range for Tax Rate.
The sharpest annual moves came in 2020 and 2021: Tax Rate jumped 97675 bps in 2020, then soared 378 bps in 2021.
Over 3 years, Tax Rate stood at 954.55% in 2020, then plunged by 102 bps to 19.85% in 2021, then declined by 26 bps to 24.95% in 2024.
According to Business Quant data, Tax Rate over the past three periods registered 24.95%, 24.24%, and 19.85% for Q2 2024, Q1 2024, and Q3 2021 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Cisco Systems	440.02 Bn	423.38 Bn	10.08 Bn	16.49%
2	Hewlett Packard Enterprise	77.69 Bn	72.40 Bn	3.94 Bn	10.73%
3	Motorola Solutions	77.25 Bn	76.56 Bn	1.68 Bn	24.80%
4	Lumentum Holdings	66.40 Bn	63.23 Bn	357.00 Mn	21.55%
5	Nokia	61.84 Bn	54.37 Bn	10.09 Bn	-
6	Ciena	60.71 Bn	59.51 Bn	691.55 Mn	5.56%
7	Ubiquiti	34.65 Bn	34.28 Bn	370.71 Mn	19.38%
8	Ericsson Lm Telephone	34.62 Bn	28.92 Bn	2.58 Bn	-29.00%
9	AST SpaceMobile	27.62 Bn	28.12 Bn	9.12 Mn	-0.37%
10	Zebra Technologies	17.79 Bn	17.63 Bn	825.00 Mn	18.25%

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