Nokia (NOK) Tax Rate (2009 - 2024)
Nokia (NOK) posted quarterly Tax Rate of 24.95% for Q2 2024, down 2.9% on a QoQ basis from 24.24% in Q1 2024.
Nokia (NOK) Tax Rate (2009 - 2024) Analysis & Trends
Nokia (NOK) has reported Tax Rate for 13 consecutive years, with 24.95% the latest figure, recorded 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 158.28% (changed N/A YoY) and the FY2025 annual result came in at 30.27%, up 1210.0% from the prior year.
- Tax Rate retreated to 24.95% in Q2 2024 per NOK's latest filing, from 24.24% in the prior quarter.
- Over the last five years, Tax Rate for NOK reached as high as 19.85% in Q3 2021 and fell as low as 1926.98% in Q4 2020.
- A 3-year average of 354.81% and a median of 24.59% in 2024 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2020 — Tax Rate plunged 190478 bps — and 2021, when it surged 378 bps.
- Year by year, Tax Rate stood at 1926.98% in 2020, then jumped by 99 bps to 19.85% in 2021, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 449.01 Bn | 432.37 Bn | 10.08 Bn | 16.49% |
| 2 | Motorola Solutions | 69.69 Bn | 68.80 Bn | 1.36 Bn | 16.55% |
| 3 | Hewlett Packard Enterprise | 63.43 Bn | 58.59 Bn | 9.10 Bn | -4.39% |
| 4 | Ciena | 52.47 Bn | 51.17 Bn | 625.52 Mn | 17.02% |
| 5 | Lumentum Holdings | 51.32 Bn | 48.15 Bn | 357.00 Mn | 21.55% |
| 6 | Nokia | 49.07 Bn | 41.76 Bn | 9.86 Bn | - |
| 7 | Ubiquiti | 32.09 Bn | 31.72 Bn | 370.71 Mn | 19.38% |
| 8 | Ericsson Lm Telephone | 31.82 Bn | 26.14 Bn | 2.53 Bn | -29.00% |
| 9 | AST SpaceMobile | 16.70 Bn | 16.70 Bn | 3.67 Mn | -0.47% |
| 10 | Zebra Technologies | 13.04 Bn | 12.92 Bn | 742.00 Mn | 19.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -24.95% |
| Jun 30, 2024 | -24.95% |
| Jun 30, 2024 | -24.95% |
| Mar 31, 2024 | -24.24% |
| Mar 31, 2024 | -24.24% |
| Mar 31, 2024 | -24.24% |
| Sep 30, 2021 | -19.85% |
| Sep 30, 2021 | -19.85% |
| Sep 30, 2021 | -19.85% |
| Dec 31, 2020 | -1,926.98% |
| Dec 31, 2020 | -1,926.98% |
| Dec 31, 2020 | -1,926.98% |
| Sep 30, 2020 | -23.63% |
| Sep 30, 2020 | -23.63% |
| Sep 30, 2020 | -23.63% |
| Mar 31, 2020 | -109.23% |
| Mar 31, 2020 | -109.23% |
| Mar 31, 2020 | -109.23% |
| Dec 31, 2019 | -22.20% |
| Dec 31, 2019 | -22.20% |