R&D expense · 2015–2025

Nokia R&D expense

$5.5B+12.3% · FY2025

Nokia (NOK) reported $5.5B in R&D expense for fiscal 2025, +12.3% year on year.

$2.3B2015$5.5B2016$5.6B2017$5.6B2018$5.1B2019$4.7B2020$5.0B2021$4.7B2022$4.6B2023$4.9B2024$5.5B2025
Nokia — R&D expense, 2015–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$5.5B+12.3%Open →
FY20242024-12-31$4.9B+5.6%Open →
FY20232023-12-31$4.6B−2.5%Open →
FY20222022-12-31$4.7B−4.9%Open →
FY20212021-12-31$5.0B+6.8%Open →
FY20202020-12-31$4.7B−8.0%Open →
FY20192019-12-31$5.1B−10.1%Open →
FY20182018-12-31$5.6B+1.6%Open →
FY20172017-12-31$5.6B+0.4%Open →
FY20162016-12-31$5.5B+139.7%Open →
FY20152015-12-31$2.3B—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2015–2025 compound annual growth +9.0%

Figures are reported under IFRS in EUR and converted to US dollars at ECB reference rates — fiscal 2025 average 0.885 EUR/$ for income items, year-end 0.851 EUR/$ for balance-sheet items.

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Nokia R&D expense |url=https://companiesranked.com/en/company/nokia/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Nokia R&D expense. CompaniesRanked. https://companiesranked.com/en/company/nokia/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-nokia-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Nokia R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/nokia/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001628280-26-015034 · March 5, 2026

{{cite web |title=Nokia R&D expense — 20-F (0001628280-26-015034) |url=https://www.sec.gov/Archives/edgar/data/924613/000162828026015034/nok-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-05}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

← Nokia overview