Nokia Corporation

NOK Technology Communication Equipment

Nokia Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.5 billion, up 8.20% from fiscal 2024.

Revenue
+5.12%
EPS
+73.4%
Free cash flow
−112.3%
Total debt
−21.4%

Quarter to September 2026, against a year earlier

7.69 0.23 +3.08%
Market cap
$42.2B
P/E
47.1×
Fwd P/E
—
Dividend yield
2.16%
F-score
6/9
Altman Z
1.98
Beneish M
−2.56
Dividend safety
38/100

Nokia Corporation (NOK) Revenue growth

Alert me on Revenue growth

Nokia Corporation's revenue growth over the twelve months to 30 September 2026 was 10.5%, up 2.3 percentage points from fiscal 2025 (8.20%). Over the past ten years it has ranged from −18.0% (fiscal 2015) to 88.3% (fiscal 2016); the current reading is higher than 91% of that period. That is above the Communication Equipment industry median of 9.66% and below the Technology sector median of 11.8%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 8.20% 21.86
FY2024 −13.7% (5.44)
FY2023 −8.22% (8.14)
FY2022 −0.08% (5.31)
FY2021 5.23% 9.64
FY2020 −4.41% (2.41)
FY2019 −2.00% (3.85)
FY2018 1.85% 1.73
FY2017 0.12% (88.16)
FY2016 88.3% 106.28

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 5.12% (3.36)
Jun 2026 8.48% (5.32)
Mar 2026 13.8% (0.94)
Dec 2025 14.7% (3.90)
43 more quarters

Against its own ten years

Low −18.0% High 88.3%
Ten-year median −0.08%
Current reading's percentile 91

Revenue growth against peers

Company Revenue growth
ASTS AST SpaceMobile, Inc. compare 2,256.9%
LITE Lumentum Holdings Inc. compare 103.2%
CIEN Ciena Corporation compare 32.6%
UI Ubiquiti Inc. compare 27.2%
HPE Hewlett Packard Enterprise Company compare 26.6%
ZBRA Zebra Technologies Corporation compare 16.9%
MSI Motorola Solutions, Inc. compare 11.4%
NOK Nokia Corporation 10.5%
ERIC Ericsson compare 3.44%
Communication Equipment industry median 9.66%
Technology sector median 11.8%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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