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Nokia (NOK) Q4 2025 earnings results (fourth quarter 2025)
6-K filed Jan 29, 2026
Nokia (NOK) reported revenue of $6.1B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier. Operating margin was 8.8%, net earnings $544M (8.9% of revenue).
Nokia, Q4 2025: revenue $6.1B (+2% year over year), operating margin 8.8%, net earnings $544M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1B | — | +2% |
| Operating profit | $540M | — | -37% |
| Net earnings | $544M | — | -33% |
What changed
Revenue was €6.1B in Q4 2025, up 2% year over year.
Operating profit was €0.54B, a 8.8% margin (down 5.6 points year over year). Operating profit fell €0.32B even though revenue rose €0.15B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 2%. The fastest-growing cost line was Research & development (+21%). Net earnings were €0.54B, down 33% year over year. The effective tax rate was 0.0%.
Questions
What was Nokia's revenue in the fourth quarter 2025?
Nokia (NOK) reported revenue of $6.1B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier.
Was Nokia profitable in the fourth quarter 2025?
Operating profit was $540M (8.8% of revenue) and net earnings $544M.
Source: Nokia 6-K on SEC EDGAR.