Nokia (NOKBF) Operating Expenses (2009 - 2025)

Nokia has disclosed Operating Expenses across 17 years of filings, most recently posting -$65.2 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at -$65.2 million, up 97.93% year-over-year; the trailing twelve-month figure through Dec 2025 was -$4.8 billion (up 9.9% YoY), and the FY2025 annual result was $9.0 billion, up 13.52% from the prior year.
• Operating Expenses came in at -$65.2 million for Q4 2025 at Nokia, up from -$3.1 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$65.2 million in Q4 2025 to a low of -$8.0 billion in Q4 2021.
• The 5-year median for Operating Expenses is -$1.3 billion (2024), against an average of -$2.6 billion.
• Across the five-year window, Operating Expenses slumped 277.77% in 2024 and jumped 97.93% in 2025, its largest moves.
• Nokia's Operating Expenses stood at -$8.0 billion in 2021, then surged by 31.41% to -$5.5 billion in 2022, then soared by 84.85% to -$832.8 million in 2023, then tumbled by 277.77% to -$3.1 billion in 2024, then jumped by 97.93% to -$65.2 million in 2025.
• The last three Operating Expenses figures came in at -$65.2 million (Q4 2025), -$3.1 billion (Q4 2024), and -$1.3 billion (Q3 2024), per Business Quant data.