Nokia Oyj (NOK) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NOK Revenue Growth
Revenue Breakdown
NOK's revenue distribution by segment and geography
By Geography
NOK Revenue Analysis (2014–2025)
As of May 7, 2026, Nokia Oyj (NOK) generated trailing twelve-month (TTM) revenue of $20.00 billion, reflecting modest growth of +2.4% year-over-year. The most recent quarter (Q1 2026) recorded $4.50 billion in revenue, down 26.6% sequentially.
Looking at the longer-term picture, NOK's 5-year compound annual growth rate (CAGR) stands at -1.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $23.76 billion in 2022.
When compared to Technology sector peers including ERIC (-7.7% YoY), CSCO (+9.0% YoY), and HPE (+14.9% YoY), NOK has underperformed the peer group in terms of revenue growth. Compare NOK vs ERIC →
NOK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NOKCurrent | $20.0B | +2.4% | -1.9% | 3.9% | |
 ERIC | $222.5B | -7.7% | +1.5% | 13.8% | |
 CSCO | $56.7B | +9.0% | +2.8% | 20.8% | |
 HPE | $34.3B | +14.9% | +4.9% | 4.8% | |
 CIEN | $4.8B | +26.5% | +6.2% | 6.5% | |
 VIAV | $1.1B | +30.6% | -0.9% | 6.5% |
NOK Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $19.89B | +3.5% | $8.66B | 43.5% | $782.0M | 3.9% |
| 2024 | $19.22B | -9.1% | $8.86B | 46.1% | $1.59B | 8.3% |
| 2023 | $21.14B | -11.0% | $8.55B | 40.4% | $1.47B | 7.0% |
| 2022 | $23.76B | +7.0% | $10.10B | 42.5% | $2.44B | 10.3% |
| 2021 | $22.20B | +1.6% | $8.83B | 39.8% | $2.16B | 9.7% |
| 2020 | $21.85B | -6.3% | $8.19B | 37.5% | $885.0M | 4.0% |
| 2019 | $23.32B | +3.3% | $8.26B | 35.4% | $485.0M | 2.1% |
| 2018 | $22.56B | -2.5% | $8.31B | 36.8% | $-59,000,000 | -0.3% |
| 2017 | $23.15B | -2.1% | $9.14B | 39.5% | $16.0M | 0.1% |
| 2016 | $23.64B | +88.2% | $8.52B | 36.1% | $-1,100,000,000 | -4.7% |
Full NOK Stock Analysis
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Start ComparisonNOK — Frequently Asked Questions
Quick answers to the most common questions about buying NOK stock.
Is NOK's revenue growth accelerating or slowing?
NOK revenue growth slowed to +2.4%, below the 5-year CAGR of -1.9%. TTM revenue is $20.0B. The deceleration marks a shift from historical growth rates.
What is NOK's long-term revenue growth rate?
Nokia Oyj's 5-year revenue CAGR of -1.9% reflects the variable expansion pattern. Current YoY growth of +2.4% is near this long-term average.
How is NOK's revenue distributed by segment?
NOK reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.