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Nokia Oyj NOK

$10.39
−$0.04 (-0.38%)
After hours · Sep 25, 7:10 pm ET
After hours $10.35 -0.39%
Open$10.43
Prev close$10.43
Day range$10.32 – $10.50
Volume45.46M
Market cap$58.17B
P/E (TTM)70.2
Dividend yield1.55%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in EUR

Revenue€4.82B+8.4% YoY
Operating profit-€50.00M-133.8% YoY
Net profit€5.00M-94.8% YoY
Diluted EPS€0.00-100.0% YoY
Free cash flow-€749.00M-951.1% YoY
Operating cash flow-€620.00M

Revenue, last 8 quarters

€4.3BSep '24€6.0BDec '24€4.4BMar '25€4.4BJun '25€4.8BSep '25€6.1BDec '25€4.5BMar '26€4.8BJun '26

Net profit, last 8 quarters

€175.0MSep '24€813.0MDec '24€-60.0MMar '25€96.0MJun '25€80.0MSep '25€544.0MDec '25€87.0MMar '26€5.0MJun '26

Diluted EPS by quarter

0.03Sep '240.15Dec '24-0.01Mar '250.02Jun '250.01Sep '250.10Dec '250.02Mar '260.00Jun '26

Free cash flow by quarter

€621.0MSep '24€50.0MDec '24€721.0MMar '25€88.0MJun '25€429.0MSep '25€227.0MDec '25€629.0MMar '26€-749.0MJun '26

Annual revenue

€21.9BFY20€22.2BFY21€23.8BFY22€21.1BFY23€19.2BFY24€19.9BFY25

Profitability & balance sheet

Gross margin44.2%
Operating margin3.3%
Net margin3.5%
Return on equity3.5%
Return on assets1.9%
Return on invested capital2.9%
Current ratio1.51
Liabilities / assets42.9%
Cash & investments€5.13B
Total debt€3.16B
Net cash (debt)€1.97B
Free cash flow / sales2.6%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Mobile infrastructure€2.68B 55.7%
  • Network Infrastructure€2.04B 42.3%
  • Portfolio Businesses€94.00M 2.0%
  • Group Common and Other€3.00M 0.1%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Total Revenue as Reported €4.82B €4.50B €19.89B €6.13B €4.83B
Total Operating Revenue €4.82B €4.50B €19.89B €6.13B €4.83B
Cost of Revenue €2.67B €2.51B €11.23B €3.37B €2.72B
Gross Profit €2.15B €1.99B €8.66B €2.75B €2.11B
Operating Expense €2.20B €1.93B €7.88B €2.32B €1.87B
Selling and Admin Expenses €817.00M €664.00M €3.07B €880.00M €729.00M
-Selling & Marketing Expense €817.00M – – – –
Research & Development €1.38B €1.24B €4.86B €1.38B €1.17B
Other Operating Expenses -€4.00M €22.00M -€6.00M €106.00M -€32.00M
Operating Profit -€50.00M €63.00M €782.00M €437.00M €239.00M
Net Non-Operating Interest Income (Expense) €121.00M €118.00M €6.00M €50.00M -€15.00M
Total Other Finance Costs -€121.00M -€118.00M €129.00M €85.00M €15.00M
Other Income (Expense) €2.00M – €127.00M €112.00M €5.00M
Earnings from Equity Interest €2.00M €0.00 €19.00M €4.00M €5.00M
Pretax Profit €73.00M €180.00M €915.00M €599.00M €229.00M
Tax €47.00M €93.00M €277.00M €64.00M €150.00M
Net Profit €5.00M €87.00M €660.00M €544.00M €80.00M
Profit from Continuing Operations €27.00M €87.00M €638.00M €535.00M €80.00M
Net Income from Discontinuous Operations -€22.00M €1.00M €22.00M €9.00M €0.00
Minority Interests €3.00M €1.00M €9.00M €3.00M €1.00M
Net Income to Parent Company €2.00M €86.00M €651.00M €542.00M €78.00M
Net Income to Common Stockholders €2.00M €86.00M €651.00M €542.00M €78.00M
Basic EPS €0.00 €0.02 €0.12 €0.10 €0.01
Diluted EPS €0.00 €0.02 €0.12 €0.10 €0.01
Dividend Per Share €0.04 €0.03 €0.14 €0.03 €0.04
Asset Impairment Loss – – -€45.00M – –
Non-Operating Interest Income – – €354.00M – –
Non-Operating Interest Expense – – €219.00M – –
Gain on Sale of Security – – €86.00M – –
Special Income (Charges) – – €22.00M – –
-Gain on Sale Of Business – – €0.00 – –
-Gain on Sale of Property/Plant/Equipment – – €22.00M – –

Balance sheet

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Total Assets €37.28B €37.29B €37.60B €37.60B €36.04B
Total Current Assets €14.76B €15.01B €15.79B €15.79B €14.37B
Cash and Cash Equivalents & Short-Term Investments €5.13B €6.12B €6.76B €6.76B €6.07B
-Cash and Cash Equivalents €4.35B €4.95B €5.46B €5.46B €4.89B
-Short Term Investments €782.00M €1.17B €1.30B €1.30B €1.17B
Receivables €6.84B €6.51B €6.68B €6.68B €5.93B
-Accounts Receivable €4.43B €4.56B €4.98B €4.98B €3.99B
-Taxes Receivable €297.00M €273.00M €618.00M €618.00M €300.00M
-Other Receivables €2.11B €1.68B €1.08B €1.08B €1.64B
Inventory €2.74B €2.38B €2.21B €2.21B €2.38B
Total Non-Current Assets €22.52B €22.27B €21.81B €21.81B €21.67B
Net PPE €2.56B €2.50B €2.49B €2.49B €2.45B
-Gross PPE €2.56B €2.50B €6.69B €6.69B €2.45B
Investments and Advances €1.80B €1.71B €1.62B €1.62B €1.63B
-Available for Sale Securities €1.63B €1.53B €1.44B €1.44B €1.50B
-Long Term Equity Investment €175.00M €181.00M €180.00M €180.00M €126.00M
Non Current Accounts Receivables €294.00M €331.00M €277.00M €277.00M €292.00M
Goodwill and Other Intangible Assets €7.46B €7.47B €7.40B €7.40B €7.51B
-Goodwill €6.13B €6.09B €6.00B €6.00B €5.97B
-Other Intangible Assets €1.32B €1.38B €1.40B €1.40B €1.54B
Defined Pension Benefit €6.73B €6.60B €6.38B €6.38B €6.22B
Non-Current Deferred Assets €3.68B €3.66B €3.64B €3.64B €3.57B
Total Liabilities €15.98B €16.01B €16.54B €16.54B €16.37B
Total Current Liabilities €9.81B €9.58B €10.00B €10.00B €9.72B
Payables €3.81B €3.51B €3.61B €3.61B €3.24B
-Accounts Payable €3.51B €3.15B €2.98B €2.98B €3.06B
-Total Tax Payable €301.00M €356.00M €629.00M €629.00M €180.00M
Short-Term Debt and Capital Lease Obligation €676.00M €235.00M €1.29B €1.29B €913.00M
-Current Debt €478.00M €40.00M €1.08B €1.08B €711.00M
-Current Capital Lease Obligation €198.00M €195.00M €203.00M €203.00M €202.00M
Current Provisions €851.00M €858.00M €779.00M €779.00M €589.00M
Current Deferred Liabilities €1.72B €1.73B €1.56B €1.56B €1.59B
Other Current Liabilities €2.75B €3.25B €988.00M €988.00M €3.39B
Total Non-Current Liabilities €6.18B €6.43B €6.54B €6.54B €6.65B
Long Term Debt and Capital Lease Obligation €2.68B €3.09B €3.13B €3.13B €3.15B
-Long Term Debt €1.92B €2.34B €2.33B €2.33B €2.34B
-Long Term Capital Lease Obligation €761.00M €752.00M €797.00M €797.00M €809.00M
Non-Current Liabilities €729.00M €576.00M €637.00M €637.00M €612.00M
Non-Current Deferred Liabilities €681.00M €680.00M €678.00M €678.00M €814.00M
Employee Benefits €1.93B €1.94B €1.95B €1.95B €1.97B
Other Non-Current Liabilities €161.00M €142.00M €117.00M €117.00M €100.00M
Total Equity €21.29B €21.27B €21.06B €21.06B €19.67B
Stockholders' Equity €21.20B €21.18B €20.97B €20.97B €19.58B
Capital Stock €246.00M €246.00M €246.00M €246.00M €246.00M
-Common Stock €246.00M €246.00M €246.00M €246.00M €246.00M
Additional Paid-In Capital €910.00M €857.00M €870.00M €870.00M €794.00M
Retained Earnings €1.55B €1.78B €1.86B €1.86B €1.48B
Less: Treasury Stock €352.00M €352.00M €352.00M €352.00M €352.00M
Gains/Losses Not Affecting Retained Earnings €18.84B €18.66B €18.35B €18.35B €17.42B
Other Equity Interests €1.00M – – – €1.00M
Minority Interests €97.00M €92.00M €91.00M €91.00M €91.00M
Prepaid Assets – – €143.00M €143.00M –
-Accumulated Depreciation – – -€4.20B -€4.20B –
Current Accrued Expenses – – €1.78B €1.78B –
Non-Current Accrued Expenses – – €30.00M €30.00M –
Other Non-Current Assets – – – – €1.00M

Cash flow

Line item 2026 Q2
(EUR)
2026 Q1
(EUR)
2025 ANNUAL
(EUR)
2025 Q4
(EUR)
2025 Q3
(EUR)
Operating Cash Flow -€620.00M €783.00M €2.07B €375.00M €597.00M
Net cash flow from continuing operations -€620.00M €783.00M €2.07B €375.00M €597.00M
Net Income from Continuing Operations €5.00M €87.00M €660.00M €544.00M €80.00M
Depreciation & Depletion & Amortization €211.00M €209.00M €1.12B €284.00M €286.00M
Deferred Tax €41.00M €93.00M €277.00M €64.00M €150.00M
Other Non-Cash Items €280.00M €105.00M €359.00M -€27.00M €117.00M
Change in Working Capital -€1.15B €401.00M -€209.00M -€688.00M €56.00M
-Change in Receivables -€280.00M €219.00M -€25.00M -€964.00M -€353.00M
-Change in Inventory -€372.00M -€151.00M €149.00M €208.00M €54.00M
-Change in Other Current Liabilities -€498.00M €333.00M -€333.00M €68.00M €355.00M
Net cash flow from investing €279.00M -€49.00M -€1.40B -€326.00M -€189.00M
Net Cash Flow from Continuing Investing Activities €279.00M -€49.00M -€1.40B -€326.00M -€189.00M
Net PPE Purchase and Sale -€129.00M -€154.00M -€578.00M -€141.00M -€159.00M
Net Business Purchase and Sale €10.00M €0.00 -€1.74B -€50.00M -€4.00M
Net Investment Purchase and Sale €381.00M €104.00M €834.00M -€119.00M -€42.00M
Net Other Investing Changes €17.00M €1.00M €88.00M -€16.00M €16.00M
Financing Cash Flow -€282.00M -€1.27B -€1.61B €514.00M -€295.00M
Net Cash Flow from Continuing Financing Activities -€282.00M -€1.27B -€1.61B €514.00M -€295.00M
Net Issuance Payments Of Debt -€58.00M -€1.09B -€585.00M €321.00M -€79.00M
Net Common Stock Issuance €0.00 -€9.00M €235.00M €859.00M €0.00
Cash Dividends Paid -€224.00M -€168.00M -€759.00M -€165.00M -€216.00M
Ending Cash Balance €4.35B €4.95B €5.46B €5.46B €4.89B
Net Change in Cash -€623.00M -€536.00M -€935.00M €563.00M €112.00M
Beginning Cash Balance €4.95B €5.46B €6.62B €4.89B €4.80B
Effect of Exchange Rate Changes €20.00M €25.00M -€226.00M €7.00M -€17.00M
Free Cash Flow -€749.00M €629.00M €1.47B €227.00M €429.00M
Gain/Loss from Continuing Operations – – -€45.00M -€32.00M –
Net Other Financing Charges – – -€501.00M – –
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