Nokia Oyj (NOK) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	20.3B	19.9B	19.2B	21.1B	23.8B
Cost of Revenue	11.3B	11.2B	10.4B	12.6B	13.7B
Gross Profit	9.0B	8.7B	8.9B	8.5B	10.1B
Operating Expenses
R&D Expense	5.2B	4.9B	4.5B	4.3B	4.5B
SG&A Expense	3.1B	3.1B	2.9B	2.9B	3.0B
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	817.0M	—	—	—	—
Other Expenses	47.0M	(51.0M)	(110.0M)	(64.0M)	198.0M
Total Operating Expenses	8.3B	7.9B	7.3B	7.1B	7.7B
Cost and Expenses	19.6B	19.1B	17.6B	19.7B	21.3B
Operating Income (EBIT)	689.0M	782.0M	1.6B	1.5B	2.4B
Non-Operating
Interest Income	277.7M	354.0M	324.5M	237.8M	86.2M
Interest Expense	—	219.0M	360.2M	303.8M	270.1M
Net Interest Income	277.7M	135.0M	(35.7M)	(65.9M)	(183.9M)
Other Non-Op Income/Expense	392.0M	133.0M	501.0M	(1.0M)	(275.0M)
Non-Operating Income (excl Interest)	(466.0M)	(352.0M)	(827.0M)	(353.0M)	55.0M
EBT (Pre-Tax Income)	1.1B	915.0M	2.1B	1.5B	2.2B
Income Tax Expense	353.0M	277.0M	380.0M	820.0M	(2.0B)
Bottom Line
Net Income	708.0M	651.0M	1.3B	665.0M	4.3B
Earnings from Cont. Ops	728.0M	638.0M	1.7B	649.0M	4.2B
Earnings from Discont. Ops	(12.0M)	22.0M	(427.0M)	30.0M	57.0M
Bottom Line Net Income	708.0M	651.0M	1.3B	665.0M	4.3B
Per Share
Basic EPS	$0.12	$0.11	$0.23	$0.12	$0.76
Diluted EPS	$0.12	$0.11	$0.23	$0.12	$0.75
Revenue Per Share	$3.62	$3.67	$3.52	$3.81	$4.23
Shares
Basic Shares Outstanding	5.6B	5.4B	5.5B	5.5B	5.6B
Diluted Shares Outstanding	5.8B	5.5B	5.5B	5.6B	5.7B
Profitability Metrics
EBITDA	2.1B	2.3B	3.4B	2.9B	3.5B
D&A	990.0M	1.1B	1.0B	1.1B	1.1B
EBIT	1.2B	1.1B	2.4B	1.8B	2.4B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026