Telecom Providers was Nokia’s largest region in fiscal 2025, bringing in $15.31B of $19.89B (77%).
| Markets of customers [axis] | FY 2020 | FY 2022 | FY 2025 |
|---|---|---|---|
| Communications Service Providers | $19.92B | — | |
| Telecom Providers | — | $15.31B | |
| Ai Cloud & Mission Critical Enterprise Defense | — | $3.09B | |
| Enterprise | $2.00B | — | |
| Licensees | $1.60B | $1.50B | |
| Other Customers | — | — | |
| Other | $248.00M | -$10.00M | |
| Total | $23.76B | $19.89B |
Nokia brought in $19.89B from its four regions in fiscal 2025, the year ended December 31, 2025. Nokia regrouped these regions after fiscal 2022, so the total does not compare directly with that year's $23.76B. Telecom Providers was the largest at $15.31B (77.0%), ahead of Ai Cloud & Mission Critical Enterprise Defense at $3.09B (15.5%) and Licensees at $1.50B (7.5%).
Nokia began breaking out Telecom Providers in fiscal 2025 and Ai Cloud & Mission Critical Enterprise Defense in fiscal 2025. Nokia stopped reporting Communications Service Providers ($19.92B in fiscal 2022) and Enterprise ($2.00B in fiscal 2022) as separate regions. The total is net of Other, which took $10.00M off revenue in fiscal 2025.
North America was Nokia’s largest region in fiscal 2021, bringing in $7.19B of $24.85B (29%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|
| North America | $6.57B | — | $7.12B | $7.19B | ||
| United States | — | $6.65B | — | $6.79B | ||
| Europe | — | $6.44B | $6.09B | — | ||
| Asia Pacific | $4.08B | $3.07B | — | $2.47B | ||
| China | $1.75B | — | — | — | ||
| Middle East Africa | — | — | — | $1.77B | ||
| Middle East & Africa | $1.87B | — | $1.89B | — | ||
| Greater China | $2.17B | $1.97B | $1.50B | $1.51B | ||
| Finland | $1.56B | — | $1.48B | $1.61B | ||
| India | $1.63B | $1.35B | $945.00M | $1.04B | ||
| Latin America | $1.38B | $1.52B | $954.00M | $983.00M | ||
| India Region | — | $1.36B | $953.00M | — | ||
| France | $1.18B | — | — | $847.00M | ||
| Japan | — | $977.00M | $904.00M | — | ||
| Great Britain | — | — | — | $650.00M | ||
| Total | $22.19B | $23.33B | $21.83B | $24.85B |
Nokia brought in $24.85B from its 10 regions in fiscal 2021, the year ended December 31, 2021. That is less than the $26.79B it reports by segments [axis], so these regions do not cover all of its revenue. North America was the largest at $7.19B (28.9%), ahead of United States at $6.79B (27.3%) and Asia Pacific at $2.47B (9.9%). The other seven regions brought in $8.40B combined.
Compared with fiscal 2020, India grew fastest, up 9.5% to $1.04B. Every region above 2% of revenue grew. Some of that change comes from Nokia regrouping its regions.
Nokia began breaking out Middle East Africa in fiscal 2021 and Great Britain in fiscal 2021. Nokia stopped reporting Europe ($6.09B in fiscal 2020), Middle East & Africa ($1.89B in fiscal 2020), China ($1.75B in fiscal 2018) and two others as separate regions.
Mobile Networks was Nokia’s largest segment in fiscal 2021, bringing in $9.72B of $26.79B (36%).
| Segments [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Mobile Access | $11.27B | — | — | — | |||
| Ultra Broadband Networks | — | — | — | — | |||
| Mobile Networks | — | $11.33B | $10.39B | $9.72B | |||
| Network Infrastructure | — | $1.00M | $1.00M | $7.67B | |||
| Networks | -$1.00M | — | — | — | |||
| Nokia'S Networks Business | — | — | — | — | |||
| Global Services | — | — | — | — | |||
| Ip Networks & Applications | — | — | — | — | |||
| Ip Networks | — | $2.70B | $2.59B | $2.68B | |||
| Ip Routing | $2.55B | — | — | — | |||
| Cloud & Network Services | — | $3.33B | $3.09B | $1.00M | |||
| Nokia Software | $2.71B | — | — | — | |||
| Fixed Access | $1.98B | — | — | — | |||
| Fixed Networks | — | $1.88B | $1.76B | $2.36B | |||
| Optical Networks | $1.61B | $1.75B | $1.70B | $1.71B | |||
| Nokia Technologies | $1.49B | $1.47B | $1.39B | $1.50B | |||
| Nokia Technologies Business | — | — | — | — | |||
| Applications & Analytics | — | — | — | — | |||
| Submarine Networks | — | $570.00M | $697.00M | $929.00M | |||
| Group Common & Other | $978.00M | $317.00M | $250.00M | $257.00M | |||
| Other Segments | — | -$71.00M | -$38.00M | -$37.00M | |||
| Total | $22.58B | $23.28B | $21.82B | $26.79B |
Nokia brought in $26.79B from its 10 segments in fiscal 2021, the year ended December 31, 2021. That was up 22.8% from $21.82B in fiscal 2020. Mobile Networks was the largest at $9.72B (36.3%), ahead of Network Infrastructure at $7.67B (28.6%) and Ip Networks at $2.68B (10.0%). The other six segments brought in $6.76B combined.
Compared with fiscal 2020, Network Infrastructure grew fastest, up 767,200.0% to $7.67B, while Mobile Networks fell the most, down 6.5% to $9.72B.
Nokia began breaking out Network Infrastructure in fiscal 2019, Ip Networks in fiscal 2019, Cloud & Network Services in fiscal 2019 and Submarine Networks in fiscal 2019. Nokia stopped reporting Mobile Access ($11.27B in fiscal 2018), Nokia Software ($2.71B in fiscal 2018), Ip Routing ($2.55B in fiscal 2018) and one other as separate segments. The total is net of Other Segments, which took $37.00M off revenue in fiscal 2021.
Nokia (NOK) reports its revenue by markets of customers [axis], by geography and by segments [axis]. In fiscal 2025, Telecom Providers was its largest region, bringing in $15.31B (77.0% of the total), followed by Ai Cloud & Mission Critical Enterprise Defense at $3.09B (15.5%).
Telecom Providers was Nokia's largest region in fiscal 2025, bringing in $15.31B, or 77.0% of the $19.89B total across its four regions.
Mobile Networks was Nokia's largest segment in fiscal 2021, bringing in $9.72B, or 36.3% of the $26.79B total across its 10 segments.
Among Nokia's segments that make up at least 2% of revenue, Network Infrastructure grew fastest in fiscal 2021, up 767,200.0% from $1.00M to $7.67B.
Every figure comes from Nokia's annual financial filings, as reported. Each line keeps the name Nokia gives it, and years follow its fiscal calendar.
Nokia's revenue by markets of customers [axis] goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.