Nokia Oyj (NOK) income statement
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
Nokia Oyj (NOK) reported revenue of €5.15B for Q3 '26 (+6.6% year on year), operating income of €851M (16.5% of revenue) and net income of €152M. Over the last four quarters revenue was €20.6B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €5.71B | €4.67B | €4.47B | €4.33B | €5.98B | €4.39B | €4.55B | €4.83B | €6.13B | €4.5B | €4.82B | €5.15B | |
| Cost of revenue | €3.34B | €2.48B | €2.54B | €2.45B | €2.89B | €2.57B | €2.58B | €2.7B | €3.37B | €2.51B | €2.65B | €2.9B | |
| Gross profit | €2.37B | €2.19B | €1.93B | €1.88B | €5.98B | €1.82B | €1.97B | €2.13B | €2.75B | €1.99B | €2.17B | €2.25B | |
| Research & development | €1.09B | €1.09B | €1.07B | €1.12B | €1.14B | €1.15B | €1.16B | €1.12B | €1.26B | €1.24B | €1.38B | €1.11B | |
| Sales & marketing | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €817M | €0 | |
| Other operating expenses | -€40M | €112M | -€16M | -€51M | €3.14B | -€1M | -€15M | -€33M | €369M | €22M | -€773M | €22M | |
| Operating expenses | €1.88B | €1.61B | €1.55B | €1.6B | €5.07B | €1.87B | €1.89B | €1.7B | €2.32B | €1.93B | €1.43B | €1.4B | |
| Operating income | €3.83B | €576M | €375M | €278M | €917M | -€48M | €81M | €435M | €437M | €63M | €742M | €851M | |
| Interest income | €0 | €51M | €27M | €0 | €60M | €11M | €34M | €38M | €39M | €118M | €121M | €51M | |
| Interest expense | €39M | €0 | €0 | €29M | €0 | €0 | €0 | €7M | €0 | €0 | €0 | €0 | |
| Other non-operating income (gains on investments, FX ...) | -€169M | €1M | €0 | €32M | -€419M | €0 | €1M | -€51M | €0 | €0 | €0 | €0 | |
| Total non-operating income | -€35M | €50M | €29M | -€61M | €209M | €12M | €42M | €44M | -€209M | €117M | -€669M | -€595M | |
| Income before tax | €508M | €450M | €459M | €217M | €1.13B | -€37M | €123M | €479M | €599M | €180M | €73M | €256M | |
| Income tax | €33M | €12M | €92M | €72M | €380M | €23M | €40M | €156M | €65M | €93M | €47M | €80M | |
| Net income | -€33M | €434M | -€145M | €169M | €806M | -€59M | €90M | €323M | €532M | €86M | €2M | €152M | |
| EPS (basic) | -€0.01 | €0.08 | -€0.03 | €0.03 | €0.15 | -€0.01 | €0.01 | €0.01 | €0.10 | €0.02 | €0.00 | €0.03 | |
| EPS (diluted) | -€0.01 | €0.08 | -€0.03 | €0.03 | €0.15 | -€0.01 | €0.01 | €0.01 | €0.09 | €0.02 | €0.00 | €0.03 | |
| Shares (basic, weighted) | 5.52B | 5.53B | 5.51B | 5.46B | 5.4B | 5.38B | 5.38B | 5.4B | 5.5B | 5.59B | 5.6B | 5.64B | |
| Shares (diluted, weighted) | 5.52B | 5.56B | 5.51B | 5.53B | 5.48B | 5.38B | 5.49B | 5.49B | 5.62B | 5.72B | 5.8B | 5.75B | |
| Depreciation & amortization | €282M | €261M | €268M | €240M | €244M | €264M | €285M | €286M | €284M | €209M | €211M | €205M | |
| EBITDA | €829M | €784M | €643M | €486M | €1.58B | €216M | €365M | €772M | €663M | €272M | €953M | €1.06B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €23.6B | €23.1B | €22.6B | €23.3B | €21.9B | €22.2B | €24.9B | €22.3B | €19.2B | €19.9B | |
| Cost of revenue | €15.2B | €14B | €14.1B | €15B | €13.7B | €13.4B | €14.7B | €13.4B | €10.4B | €11.5B | |
| Gross profit | €8.46B | €9.14B | €8.45B | €8.33B | €8.21B | €8.83B | €10.2B | €8.84B | €8.86B | €8.37B | |
| Research & development | €4.9B | €4.92B | €4.62B | €4.41B | €4.09B | €4.21B | €4.55B | €4.33B | €4.51B | €4.62B | |
| Sales & marketing | €3.82B | €3.62B | €3.46B | €3.1B | €2.9B | €2.79B | €3.01B | €0 | €0 | €0 | |
| Other operating expenses | €0 | €0 | €0 | €0 | €311M | -€330M | €341M | €219M | -€537M | €346M | |
| Operating expenses | €8.72B | €8.53B | €8.08B | €7.51B | €7.3B | €6.68B | €7.9B | €7.15B | €6.87B | €6.72B | |
| Operating income | -€1.1B | €16M | -€59M | €814M | €918M | €2.16B | €2.32B | €1.69B | €2B | €1.65B | |
| Interest income | €84M | €60M | €76M | €73M | €59M | €49M | €174M | €407M | €300M | €151M | |
| Interest expense | €312M | €509M | €284M | €308M | €235M | €238M | €222M | €357M | €333M | €251M | |
| Other non-operating income (gains on investments, FX ...) | -€48M | -€1.09B | €19M | €102M | -€55M | €3M | -€88M | -€138M | -€419M | €749M | |
| Total non-operating income | -€269M | -€526M | -€301M | -€329M | -€142M | -€232M | -€134M | -€189M | €92M | -€731M | |
| Income before tax | -€1.37B | -€510M | -€360M | €156M | €834M | €1.93B | €2.18B | €1.5B | €2.09B | €915M | |
| Income tax | -€457M | €927M | €189M | €138M | €3.26B | €272M | -€2.03B | €825M | €380M | €277M | |
| Net income | -€766M | -€1.49B | -€340M | €18M | -€2.42B | €1.62B | €4.25B | €665M | €1.28B | €629M | |
| EPS (basic) | -€0.13 | -€0.26 | -€0.06 | €0.00 | -€0.43 | €0.29 | €0.76 | €0.12 | €0.23 | €0.12 | |
| EPS (diluted) | -€0.13 | -€0.26 | -€0.06 | €0.00 | -€0.43 | €0.29 | €0.75 | €0.12 | €0.23 | €0.11 | |
| Shares (basic, weighted) | 5.73B | 5.65B | 5.54B | 5.6B | 5.61B | 5.63B | 5.61B | 5.55B | 5.48B | 5.42B | |
| Shares (diluted, weighted) | 5.74B | 5.65B | 5.59B | 5.63B | 5.61B | 5.68B | 5.67B | 5.59B | 5.53B | 5.5B | |
| Depreciation & amortization | €1.59B | €1.59B | €1.46B | €1.66B | €1.13B | €1.1B | €1.14B | €1.09B | €1.01B | €1.12B | |
| EBITDA | €519M | €1.32B | €1.37B | €2.04B | €2.07B | €3.25B | €3.55B | €2.91B | €3.43B | €2.02B |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02