North America was Nokia’s largest region in fiscal 2025, bringing in $6.20B of $19.89B (31%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other | — | — | — | — | |||||||
| Other Countries | — | — | — | — | |||||||
| Emea | — | $7.92B | — | — | |||||||
| North America | $8.39B | — | $5.38B | $6.20B | |||||||
| Europe | $6.66B | — | $6.36B | $6.17B | |||||||
| United States | — | $5.33B | — | — | |||||||
| Asia Pacific | — | — | — | — | |||||||
| Rest Of Apac | $2.65B | — | $2.04B | $2.19B | |||||||
| Middle East & Africa | $1.97B | $2.05B | $2.03B | $2.10B | |||||||
| China | — | — | — | — | |||||||
| India | $1.29B | $2.84B | $1.37B | $1.53B | |||||||
| India Region | — | — | — | — | |||||||
| Greater China | $1.58B | — | $1.13B | $913.00M | |||||||
| Finland | — | $1.19B | — | — | |||||||
| Latin America | $1.22B | $1.05B | $895.00M | $784.00M | |||||||
| Japan | — | — | — | — | |||||||
| France | — | — | — | — | |||||||
| Great Britain | — | $757.00M | — | — | |||||||
| United Kingdom | — | — | — | — | |||||||
| Saudi Arabia | — | — | — | — | |||||||
| Italy | — | — | — | — | |||||||
| Germany | — | — | — | — | |||||||
| Total | $23.76B | $21.14B | $19.22B | $19.89B |
Nokia brought in $19.89B from its seven regions in fiscal 2025, the year ended December 31, 2025. That was up 3.5% from $19.22B in fiscal 2024. North America was the largest at $6.20B (31.2%), ahead of Europe at $6.17B (31.0%) and Rest Of Apac at $2.19B (11.0%). The other four regions brought in $5.33B combined.
Compared with fiscal 2024, North America grew fastest, up 15.2% to $6.20B, while Greater China fell the most, down 19.5% to $913.00M. From fiscal 2022 to 2025, combined revenue from these regions fell from $23.76B to $19.89B, a compound annual decline of 5.8%. North America's share of the total fell from 35.3% to 31.2%.
Nokia stopped reporting Emea ($7.92B in fiscal 2023), United States ($5.33B in fiscal 2023), Finland ($1.19B in fiscal 2023) and one other as separate regions.
Mobile Networks was Nokia’s largest segment in fiscal 2025, bringing in $7.80B of $19.90B (39%).
| Segments [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Networks | — | — | — | — | |||||||
| Mobile Access | — | — | — | — | |||||||
| Ultra Broadband Networks | — | — | — | — | |||||||
| Mobile Networks | $10.67B | $10.29B | $8.16B | $7.80B | |||||||
| Global Services | — | — | — | — | |||||||
| Cloud & Network Services | $3.35B | $2.73B | $2.59B | $2.61B | |||||||
| Ip Networks | $3.06B | $2.61B | $2.58B | $2.59B | |||||||
| Nokia Software | — | — | — | — | |||||||
| Ip Routing | — | — | — | — | |||||||
| Fixed Networks | $2.94B | $2.37B | $2.30B | $2.37B | |||||||
| Fixed Access | — | — | — | — | |||||||
| Optical Networks | $1.89B | $1.94B | $1.64B | $3.02B | |||||||
| Nokia Technologies | $1.60B | $1.09B | $1.93B | $1.50B | |||||||
| Nokia Technologies Business | — | — | — | — | |||||||
| Applications & Analytics | — | — | — | — | |||||||
| Submarine Networks | — | — | — | — | |||||||
| Group Common & Other | $248.00M | $119.00M | $27.00M | $17.00M | |||||||
| Eliminations & Unallocated Items | — | — | — | -$15.00M | |||||||
| Eliminations | — | — | — | — | |||||||
| Unallocated Items | — | — | — | — | |||||||
| Total | $23.76B | $21.14B | $19.22B | $19.90B |
Nokia brought in $19.90B from its eight segments in fiscal 2025, the year ended December 31, 2025. Nokia regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $19.22B. Mobile Networks was the largest at $7.80B (39.2%), ahead of Optical Networks at $3.02B (15.2%) and Cloud & Network Services at $2.61B (13.1%). The other four segments brought in $6.49B combined.
Compared with fiscal 2024, Optical Networks grew fastest, up 84.5% to $3.02B, while Nokia Technologies fell the most, down 22.1% to $1.50B.
Nokia began breaking out Eliminations & Unallocated Items in fiscal 2025, when it brought in -$15.00M. The total is net of Eliminations & Unallocated Items, which took $15.00M off revenue in fiscal 2025.
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 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Communications Service Providers | $19.92B | — | — | — | ||
| Telecom Providers | — | $17.65B | $15.09B | $15.31B | ||
| Ai & Cloud & Mission Critical Enterprise & Defense | — | $2.28B | $2.18B | $3.09B | ||
| Enterprise | $2.00B | — | — | — | ||
| Licensees | $1.60B | $1.09B | $1.93B | $1.50B | ||
| Other Customers | — | — | — | — | ||
| Other | $248.00M | $119.00M | $27.00M | -$10.00M | ||
| Total | $23.76B | $21.14B | $19.22B | $19.89B |
Nokia brought in $19.89B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 3.5% from $19.22B in fiscal 2024. 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%).
Compared with fiscal 2024, Ai & Cloud & Mission Critical Enterprise & Defense grew fastest, up 41.5% to $3.09B, while Licensees fell the most, down 22.1% to $1.50B.
Nokia began breaking out Telecom Providers in fiscal 2023 and Ai & Cloud & Mission Critical Enterprise & Defense in fiscal 2023. 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.
Nokia (NOK) reports its revenue by geography, by segments [axis] and by markets of customers [axis]. In fiscal 2025, North America was its largest region, bringing in $6.20B (31.2% of the total), followed by Europe at $6.17B (31.0%).
North America was Nokia's largest region in fiscal 2025, bringing in $6.20B, or 31.2% of the $19.89B total across its seven regions.
Mobile Networks was Nokia's largest segment in fiscal 2025, bringing in $7.80B, or 39.2% of the $19.90B total across its eight segments.
Among Nokia's regions that make up at least 2% of revenue, North America grew fastest in fiscal 2025, up 15.2% from $5.38B to $6.20B.
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 geography goes back to fiscal 2015, 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.