Nokia Oyj (NOK) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.5B | 6.13B | 4.83B | 4.55B | 4.39B | 5.98B | 4.33B | 4.47B | 4.44B | 5.71B | 4.71B | 5.44B | 5.86B | 7.45B | 6.24B | 5.87B | 5.35B | 6.41B | 5.4B | 5.31B |
| Revenue Growth % | 2.44% | 2.36% | 11.6% | 1.79% | -1.22% | 4.85% | -8.13% | -17.87% | -24.15% | -23.39% | -24.55% | -7.41% | 9.55% | 16.14% | 15.6% | 10.54% | 5.36% | -2.12% | 1.98% | 4.34% |
| Cost of Goods Sold | 2.51B | 3.37B | 2.72B | 2.58B | 2.57B | 3.26B | 2.33B | 2.53B | 2.23B | 3.32B | 2.79B | 3.29B | 3.66B | 4.26B | 3.74B | 3.51B | 3.18B | 3.88B | 3.2B | 3.13B |
| COGS % of Revenue | 55.79% | 55.04% | 56.3% | 56.64% | 58.45% | 54.46% | 53.95% | 56.65% | 50.25% | 58.19% | 59.23% | 60.5% | 62.54% | 57.23% | 59.86% | 59.8% | 59.44% | 60.49% | 59.33% | 58.97% |
| Gross Profit | 1.99B | 2.75B | 2.11B | 1.97B | 1.82B | 2.73B | 1.99B | 1.94B | 2.21B | 2.39B | 1.93B | 2.15B | 2.2B | 3.19B | 2.5B | 2.36B | 2.17B | 2.53B | 2.2B | 2.18B |
| Gross Margin % | 44.21% | 44.96% | 43.7% | 43.36% | 41.55% | 45.55% | 46.05% | 43.35% | 49.73% | 41.81% | 40.9% | 39.5% | 37.48% | 42.78% | 40.14% | 40.2% | 40.56% | 39.51% | 40.67% | 41.01% |
| Gross Profit Growth % | 8.99% | 1.03% | 5.92% | 1.81% | -17.47% | 14.25% | 3.43% | -9.87% | 0.64% | -25.13% | -23.11% | -9.02% | 1.24% | 25.77% | 14.07% | 8.35% | 12.68% | 4.15% | 11.93% | 8.62% |
| Operating Expenses | 1.93B | 2.32B | 1.87B | 1.89B | 1.87B | 2.25B | 1.71B | 1.5B | 1.81B | 1.84B | 1.68B | 1.68B | 1.77B | 2.3B | 1.99B | 1.8B | 1.81B | 1.79B | 1.69B | 1.7B |
| OpEx % of Revenue | 42.81% | 37.83% | 38.75% | 41.6% | 42.64% | 37.6% | 39.62% | 33.68% | 40.64% | 32.22% | 35.74% | 30.88% | 30.19% | 30.93% | 31.84% | 30.6% | 33.94% | 27.97% | 31.38% | 31.92% |
| Selling, General & Admin | 664M | 880M | 729M | 744M | 728M | 776M | 688M | 715M | 693M | 787M | 697M | 690M | 729M | 839M | 771M | 728M | 675M | 758M | 674M | 712M |
| SG&A % of Revenue | 14.77% | 14.37% | 15.1% | 16.37% | 16.58% | 12.97% | 15.9% | 16.01% | 15.59% | 13.79% | 14.8% | 12.69% | 12.44% | 11.26% | 12.35% | 12.4% | 12.62% | 11.82% | 12.48% | 13.4% |
| Research & Development | 1.24B | 1.38B | 1.17B | 1.16B | 1.15B | 1.14B | 1.12B | 1.13B | 1.13B | 1.09B | 1.07B | 1.03B | 1.11B | 1.22B | 1.17B | 1.09B | 1.07B | 1.12B | 1.04B | 1.06B |
| R&D % of Revenue | 27.55% | 22.47% | 24.32% | 25.54% | 26.08% | 19% | 25.8% | 25.39% | 25.31% | 19.13% | 22.66% | 19.01% | 18.91% | 16.4% | 18.67% | 18.58% | 20.04% | 17.43% | 19.19% | 20.01% |
| Other Operating Expenses | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | -1000K |
| Operating Income | 63M | 437M | 239M | 80M | -48M | 475M | 278M | 432M | 405M | 547M | 237M | 469M | 426M | 882M | 518M | 564M | 354M | 740M | 502M | 484M |
| Operating Margin % | 1.4% | 7.13% | 4.95% | 1.76% | -1.09% | 7.94% | 6.43% | 9.67% | 9.11% | 9.58% | 5.03% | 8.62% | 7.27% | 11.84% | 8.3% | 9.6% | 6.62% | 11.54% | 9.3% | 9.11% |
| Operating Income Growth % | 231.25% | -8% | -14.03% | -81.48% | -111.85% | -13.16% | 17.3% | -7.89% | -4.93% | -37.98% | -54.25% | -16.84% | 20.34% | 19.19% | 3.19% | 16.53% | -17.87% | 67.8% | 43.43% | 184.71% |
| EBITDA | 272M | 721M | 525M | 365M | 216M | 720M | 518M | 700M | 666M | 829M | 504M | 741M | 692M | 1.18B | 805M | 846M | 628M | 1.02B | 776M | 757M |
| EBITDA Margin % | 6.05% | 11.77% | 10.87% | 8.03% | 4.92% | 12.03% | 11.97% | 15.67% | 14.99% | 14.53% | 10.7% | 13.63% | 11.81% | 15.81% | 12.9% | 14.4% | 11.74% | 15.86% | 14.37% | 14.25% |
| EBITDA Growth % | 25.93% | 0.14% | 1.35% | -47.86% | -67.57% | -13.15% | 2.78% | -5.53% | -3.76% | -29.63% | -37.39% | -12.41% | 10.19% | 15.83% | 3.74% | 11.76% | -10.54% | 41.25% | 23.37% | 64.57% |
| D&A (Non-Cash Add-back) | 209M | 284M | 286M | 285M | 264M | 245M | 240M | 268M | 261M | 282M | 267M | 272M | 266M | 296M | 287M | 282M | 274M | 277M | 274M | 273M |
| EBIT | 63M | 789M | 239M | 80M | -48M | 1.3B | 279M | 432M | 404M | 716M | 237M | 469M | 427M | 970M | 517M | 564M | 354M | 714M | 502M | 484M |
| Net Interest Income | 0 | 3.72M | 31M | 34M | 11M | -110.7M | 0 | 27M | 48M | -41.94M | -37M | -54M | -19M | -30.6M | 12M | -18M | -72M | -8M | -50M | -68M |
| Interest Income | 0 | -3.28M | 38M | 34M | 11M | 249.51M | 0 | 27M | 48M | 0 | 0 | 0 | 0 | 0 | 12M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | -7M | 7M | 0 | 0 | 360.2M | 0 | 0 | 0 | 41.94M | 37M | 54M | 19M | 30.6M | 0 | 18M | 72M | 8M | 50M | 68M |
| Other Income/Expense | 117M | 162M | -10M | 43M | 12M | 473M | -59M | 29M | 58M | -35M | -62M | -67M | -25M | -4M | -9M | -23M | -98M | -48M | -56M | -68M |
| Pretax Income | 180M | 599M | 229M | 123M | -36M | 948M | 219M | 461M | 463M | 512M | 175M | 402M | 401M | 878M | 509M | 541M | 256M | 692M | 446M | 416M |
| Pretax Margin % | 4% | 9.78% | 4.74% | 2.71% | -0.82% | 15.84% | 5.06% | 10.32% | 10.42% | 8.97% | 3.72% | 7.39% | 6.84% | 11.79% | 8.16% | 9.21% | 4.79% | 10.79% | 8.26% | 7.83% |
| Income Tax | 93M | 64M | 150M | 40M | 23M | 202M | 74M | 92M | 12M | 552M | 45M | 115M | 111M | -2.27B | 92M | 74M | 79M | 11M | 96M | 66M |
| Effective Tax Rate % | 51.67% | 10.68% | 65.5% | 32.52% | -63.89% | 21.31% | 33.79% | 19.96% | 2.59% | 107.81% | 25.71% | 28.61% | 27.68% | -258.66% | 18.07% | 13.68% | 30.86% | 1.59% | 21.52% | 15.87% |
| Net Income | 86M | 542M | 78M | 90M | -59M | 820M | 169M | -146M | 434M | -43M | 133M | 290M | 279M | 3.15B | 427M | 457M | 212M | 676M | 342M | 344M |
| Net Margin % | 1.91% | 8.85% | 1.62% | 1.98% | -1.34% | 13.7% | 3.91% | -3.27% | 9.77% | -0.75% | 2.82% | 5.33% | 4.76% | 42.34% | 6.84% | 7.78% | 3.96% | 10.54% | 6.33% | 6.47% |
| Net Income Growth % | 245.76% | -33.9% | -53.85% | 161.64% | -113.59% | 2006.98% | 27.07% | -150.34% | 55.56% | -101.36% | -68.85% | -36.54% | 31.6% | 366.57% | 24.85% | 32.85% | -18.77% | 125.17% | 77.2% | 265.96% |
| Net Income (Continuing) | 87M | 535M | 79M | 83M | -59M | 746M | 145M | 369M | 451M | -40M | 130M | 287M | 290M | 3.15B | 417M | 467M | 177M | 681M | 350M | 350M |
| Discontinued Operations | 1000K | 1000K | 0 | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K |
| Minority Interest | 92M | 90.96M | 91M | 92M | 89M | 90M | 100M | 94M | 95M | 91M | 91.05M | 104.74M | 108.64M | 99.25M | 112M | 111M | 110M | 115.99M | 100M | 105.55M |
| EPS (Diluted) | 0.02 | 0.09 | 0.01 | 0.02 | -0.01 | 0.05 | 0.03 | 0.07 | 0.08 | -0.01 | 0.02 | 0.05 | 0.05 | 0.56 | 0.08 | 0.08 | 0.04 | 0.12 | 0.06 | 0.06 |
| EPS Growth % | 281.82% | 73.33% | -55.06% | -69.88% | -114.1% | 582.14% | 27.42% | 28.68% | 57.89% | -102% | -67.07% | -35.9% | 32.8% | 366.67% | 25.29% | 32.62% | -19.48% | 126.09% | 75.73% | 263.47% |
| EPS (Basic) | 0.02 | 0.09 | 0.01 | 0.01 | -0.01 | 0.05 | 0.03 | 0.07 | 0.08 | -0.01 | 0.03 | 0.05 | 0.05 | 0.56 | 0.08 | 0.08 | 0.04 | 0.12 | 0.06 | 0.06 |
| Diluted Shares Outstanding | 5.72B | 5.5B | 5.49B | 5.49B | 5.38B | 5.53B | 5.53B | 5.51B | 5.56B | 5.52B | 5.6B | 5.62B | 5.65B | 5.65B | 5.67B | 5.68B | 5.71B | 5.71B | 5.69B | 5.67B |
| Basic Shares Outstanding | 5.59B | 5.42B | 5.4B | 5.38B | 5.38B | 5.46B | 5.46B | 5.51B | 5.53B | 5.52B | 5.54B | 5.56B | 5.58B | 5.59B | 5.61B | 5.63B | 5.63B | 5.63B | 5.63B | 5.63B |
| Dividend Payout Ratio | 195.35% | 29.38% | 853.73% | 238.89% | - | 19.76% | 107.21% | - | 38.25% | - | 140.77% | 57.59% | 40.14% | 3.55% | 27.37% | 26.84% | - | 0.87% | 0.34% | 0.87% |