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Nokia (NOK) Q3 2025 earnings results (third quarter 2025)
6-K filed Oct 23, 2025
Nokia (NOK) reported revenue of $4.8B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +6% from the quarter before. Operating margin was 4.9%, net earnings $80.0M (1.7% of revenue).
Nokia, Q3 2025: revenue $4.8B (+12% year over year), operating margin 4.9%, net earnings $80.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8B | +6% | +12% |
| Operating profit | $239M | +195% | -14% |
| Net earnings | $80.0M | -17% | -54% |
What changed
Revenue was €4.8B in Q3 2025, up 12% year over year and up 6% from the previous quarter.
Operating profit was €0.24B, a 4.9% margin (down 1.5 points year over year). Operating profit fell €0.04B even though revenue rose €0.51B versus a year earlier, so costs grew faster than sales. Total costs grew 13% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+20%). Net earnings were €0.08B, down 54% year over year. The effective tax rate was 0.0%.
Questions
What was Nokia's revenue in the third quarter 2025?
Nokia (NOK) reported revenue of $4.8B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +6% from the quarter before.
Was Nokia profitable in the third quarter 2025?
Operating profit was $239M (4.9% of revenue) and net earnings $80.0M.
Source: Nokia 6-K on SEC EDGAR.