Nokia Oyj (NOK) balance sheet
HEL · Technology · Communication Equipment · 78,005 employees · CEO Justin Hotard
- Price
- €7.75 -7.37%
- Market cap
- €43.4B
- Enterprise value
- €42.7B
- Last report
- Q3 '26 filed 2026-09-30
- Next report
- 2027-01-28 EPS est. €0.15
At the end of Q3 '26 Nokia Oyj (NOK) held €4.67B in cash and short-term investments against €3.37B of debt incl. leases. Total assets €37.7B, total liabilities €16.3B, shareholders' equity €21.2B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | €6.23B | €6.56B | €6.85B | €7.04B | €6.62B | €5.54B | €4.8B | €4.89B | €5.46B | €4.95B | €4.35B | €4.05B | |
| Short-term investments | €1.57B | €1.84B | €1.86B | €1.71B | €1.66B | €1.17B | €1.28B | €773M | €961M | €1.17B | €782M | €622M | |
| Receivables | €6.94B | €6.35B | €5.63B | €5.04B | €6.74B | €6.53B | €5.7B | €4.88B | €6.82B | €6.51B | €6.84B | €7.05B | |
| Inventory | €2.72B | €2.69B | €2.48B | €2.53B | €2.16B | €2.58B | €2.48B | €2.38B | €2.21B | €2.38B | €2.74B | €2.88B | |
| Other current assets | €441M | €428M | €360M | €439M | €0 | €0 | €0 | €1.45B | €340M | €0 | €48M | €336M | |
| Current assets | €18.1B | €17.9B | €17.2B | €16.8B | €18B | €16.3B | €14.3B | €14.4B | €15.8B | €15B | €14.8B | €14.9B | |
| Property, plant & equipment (net) | €2.86B | €2.79B | €2.18B | €2.03B | €2.12B | €2.35B | €2.43B | €1.52B | €2.49B | €2.5B | €2.56B | €2.58B | |
| Long-term investments | €1.94B | €1.93B | €1.83B | €1.81B | €1.76B | €1.71B | €1.65B | €390M | €1.9B | €1.71B | €1.8B | €2.18B | |
| Goodwill | €5.5B | €5.59B | €5.6B | €5.43B | €5.74B | €6.42B | €6.02B | €5.97B | €6B | €6.09B | €6.13B | €6.15B | |
| Intangible assets | €1.09B | €1.05B | €961M | €870M | €802M | €1.72B | €1.57B | €1.54B | €1.4B | €1.38B | €1.32B | €1.29B | |
| Deferred tax assets | €8.68B | €3.93B | €3.69B | €3.68B | €3.6B | €3.56B | €3.64B | €3.57B | €3.64B | €3.66B | €3.68B | €3.68B | |
| Other non-current assets | €6.51B | €6.53B | €7.42B | €7.31B | €7.14B | €7.18B | €6.46B | €8.68B | €6.38B | €6.93B | €7.02B | €6.86B | |
| Non-current assets | €26.6B | €21.8B | €21.7B | €21.1B | €21.2B | €22.9B | €21.8B | €21.7B | €21.8B | €22.3B | €22.5B | €22.7B | |
| Total assets | €44.7B | €39.7B | €38.9B | €37.9B | €39.1B | €39.3B | €36B | €36B | €37.6B | €37.3B | €37.3B | €37.7B | |
| Liabilities | |||||||||||||
| Accounts payable | €3.42B | €3.04B | €2.9B | €2.78B | €3.21B | €3.04B | €2.98B | €3.06B | €2.98B | €3.15B | €3.51B | €3.52B | |
| Accrued expenses | €1.18B | €170M | €169M | €0 | €1.78B | €0 | €0 | €0 | €1.78B | €0 | €0 | €0 | |
| Short-term debt | €554M | €646M | €932M | €953M | €969M | €1.88B | €749M | €711M | €1.29B | €40M | €478M | €770M | |
| Taxes payable | €203M | €170M | €169M | €0 | €521M | €213M | €198M | €0 | €0 | €356M | €301M | €0 | |
| Deferred revenue | €2.16B | €2.35B | €1.85B | €1.68B | €1.51B | €1.59B | €1.5B | €1.59B | €1.56B | €1.73B | €1.72B | €1.68B | |
| Other current liabilities | €3.22B | €4.62B | €4.02B | €3.94B | €3.21B | €5.07B | €4.15B | €4.16B | €3.83B | €4.11B | €3.6B | €3.92B | |
| Current liabilities | €10.9B | €10.9B | €9.91B | €9.73B | €11.4B | €12B | €9.78B | €9.73B | €10B | €9.58B | €9.81B | €10.2B | |
| Long-term debt | €3.64B | €3.12B | €2.75B | €2.79B | €2.92B | €2.29B | €2.34B | €2.34B | €3.13B | €2.34B | €1.92B | €1.87B | |
| Lease obligations (non-current) | €799M | €773M | €719M | €661M | €664M | €688M | €807M | €809M | €797M | €752M | €761M | €739M | |
| Deferred revenue (non-current) | €210M | €124M | €234M | €147M | €185M | €196M | €222M | €300M | €286M | €270M | €251M | €222M | |
| Deferred tax liabilities | €5.53B | €741M | €664M | €638M | €562M | €600M | €507M | €514M | €392M | €410M | €430M | €473M | |
| Other non-current liabilities | €7.73B | €2.81B | €3.57B | €3.47B | €2.68B | €2.68B | €2.56B | €2.68B | €1.93B | €2.66B | €2.82B | €2.85B | |
| Non-current liabilities | €13.1B | €7.57B | €7.93B | €7.71B | €7.01B | €6.45B | €6.44B | €6.65B | €6.54B | €6.43B | €6.18B | €6.15B | |
| Total liabilities | €24B | €18.4B | €17.8B | €17.4B | €18.4B | €18.4B | €16.2B | €16.4B | €16.5B | €16B | €16B | €16.3B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | |
| Retained earnings | €1.4B | €1.68B | €1.31B | €1.31B | €1.96B | €1.73B | €1.61B | €1.48B | €1.86B | €1.78B | €1.55B | €1.48B | |
| Accumulated other comprehensive income | €18.6B | €18.9B | €19.1B | €18.7B | €18.2B | €18.9B | €17.3B | €2.63B | -€1.27B | €18.7B | €18.8B | €19.6B | |
| Shareholders' equity | €20.5B | €21.1B | €20.9B | €20.4B | €20.7B | €20.7B | €19.7B | €19.6B | €21B | €21.2B | €21.2B | €21.2B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | €5.19B | €4.76B | €4.61B | €4.61B | €4.75B | €5.07B | €4.1B | €4.07B | €5.21B | €3.33B | €3.36B | €3.37B | |
| Net debt (debt - cash) | -€1.05B | -€1.81B | -€2.25B | -€3.09B | -€1.87B | -€478M | -€697M | -€827M | -€252M | -€1.63B | -€989M | -€675M | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | €7.5B | €7.37B | €6.26B | €5.91B | €6.94B | €6.69B | €5.47B | €6.23B | €6.62B | €5.46B | |
| Short-term investments | €2.13B | €1.21B | €855M | €261M | €1.34B | €2.91B | €3.7B | €1.57B | €1.66B | €961M | |
| Receivables | €7.44B | €7.19B | €7.03B | €6.83B | €6.58B | €6.53B | €7.42B | €6.94B | €6.74B | €6.82B | |
| Inventory | €2.51B | €2.65B | €3.18B | €2.94B | €2.25B | €2.39B | €3.27B | €2.72B | €2.16B | €2.21B | |
| Other current assets | €1.55B | €1.69B | €5M | €164M | €0 | €1.35B | €935M | €441M | €0 | €197M | |
| Current assets | €20.7B | €19.9B | €18.3B | €16.8B | €18.3B | €19.6B | €20.3B | €18.1B | €18B | €15.8B | |
| Property, plant & equipment (net) | €1.98B | €1.85B | €1.79B | €2.77B | €2.59B | €2.81B | €2.94B | €2.86B | €2.12B | €2.49B | |
| Long-term investments | €1.41B | €1.16B | €1.21B | €1.35B | €1.34B | €1.33B | €1.98B | €1.94B | €1.76B | €1.9B | |
| Goodwill | €5.72B | €5.25B | €5.45B | €5.53B | €5.07B | €5.43B | €5.67B | €5.5B | €5.74B | €6B | |
| Intangible assets | €5.24B | €3.97B | €3.35B | €2.43B | €1.95B | €1.62B | €1.26B | €1.09B | €802M | €1.4B | |
| Deferred tax assets | €5.7B | €4.58B | €4.91B | €5.12B | €1.82B | €1.27B | €3.83B | €3.87B | €3.6B | €3.64B | |
| Other non-current assets | €4.13B | €4.35B | €4.55B | €5.12B | €5.26B | €8B | €6.99B | €6.43B | €7.14B | €6.38B | |
| Non-current assets | €24.2B | €21.2B | €21.3B | €22.3B | €18B | €20.5B | €22.7B | €21.7B | €21.2B | €21.8B | |
| Total assets | €44.9B | €41B | €39.5B | €39.1B | €36.3B | €40B | €42.9B | €39.9B | €39.1B | €37.6B | |
| Liabilities | |||||||||||
| Accounts payable | €3.78B | €4B | €4.77B | €3.79B | €3.17B | €3.68B | €4.73B | €3.42B | €3.21B | €2.98B | |
| Accrued expenses | €1.58B | €2.26B | €1.43B | €1.24B | €1.36B | €1.78B | €1.67B | €1.18B | €1.78B | €1.78B | |
| Short-term debt | €370M | €309M | €994M | €292M | €561M | €116M | €228M | €554M | €969M | €1.08B | |
| Taxes payable | €634M | €383M | €268M | €187M | €188M | €202M | €185M | €203M | €521M | €0 | |
| Deferred revenue | €3.18B | €3.58B | €2.91B | €2.91B | €2.4B | €2.29B | €1.98B | €2.16B | €1.51B | €1.56B | |
| Other current liabilities | €3.16B | €2.74B | €6.91B | €3.39B | €6.48B | €6.34B | €3.8B | €3.22B | €3.21B | €2.05B | |
| Current liabilities | €12.6B | €12.8B | €14.1B | €12.1B | €11.8B | €12.1B | €12.8B | €10.9B | €11.4B | €10B | |
| Long-term debt | €3.66B | €3.46B | €2.83B | €3.99B | €5.02B | €4.54B | €4.25B | €3.64B | €2.92B | €2.33B | |
| Lease obligations (non-current) | €0 | €0 | €2M | €771M | €721M | €824M | €858M | €799M | €664M | €797M | |
| Deferred revenue (non-current) | €1.17B | €2.14B | €1.88B | €1.53B | €566M | €354M | €120M | €210M | €185M | €286M | |
| Deferred tax liabilities | €403M | €413M | €350M | €390M | €260M | €282M | €332M | €725M | €562M | €392M | |
| Other non-current liabilities | €7.66B | €8.54B | €7.21B | €5B | €6.15B | €5.13B | €3.18B | €7.73B | €2.68B | €2.73B | |
| Non-current liabilities | €11.3B | €12B | €10B | €11.7B | €11.9B | €10.5B | €8.74B | €13.1B | €7.01B | €6.54B | |
| Total liabilities | €23.9B | €24.8B | €24.2B | €23.7B | €23.6B | €22.6B | €21.5B | €19.2B | €18.4B | €16.5B | |
| Equity | |||||||||||
| Common stock & paid-in capital | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | €246M | |
| Retained earnings | €3.59B | €1.15B | -€1.06B | -€1.61B | -€4.05B | -€2.54B | €1.38B | €1.4B | €1.96B | €1.86B | |
| Accumulated other comprehensive income | €16.7B | €15.8B | €16.1B | €16.6B | €16.3B | €19.5B | €19.6B | €18.6B | €18.2B | -€1.27B | |
| Shareholders' equity | €20.1B | €16.1B | €15.3B | €15.3B | €12.6B | €17.4B | €21.3B | €20.5B | €20.7B | €21B | |
| Debt | |||||||||||
| Total debt (incl. leases) | €4.03B | €3.77B | €3.82B | €5.31B | €6.49B | €5.66B | €5.52B | €5.19B | €4.75B | €4.41B | |
| Net debt (debt - cash) | -€3.47B | -€3.6B | -€2.44B | -€603M | -€454M | -€1.03B | €52M | -€1.05B | -€1.87B | -€1.05B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in EUR.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02