Nokia Corp ADR (NOK) revenue breakdown
By segment, Mobile Networks is the largest at 39% of fiscal 2025 revenue; Optical Networks grew fastest, 17% a year over 3 years.
By region, North America is the largest at 31% of fiscal 2025 revenue, growing 4% a year over 2 years.
Revenue by segment
Fiscal years, as Nokia Corp ADR reports them in its 10-K filings; fiscal 2025 total $19.9B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Mobile Networks | — | — | — | $10.4B | $9.7B | $10.7B | $10.3B | $8.2B | $7.8B | 39% |
| Optical Networks | — | — | — | — | — | $1.9B | $1.9B | $1.6B | $3.0B | 15% |
| Cloud and Network Services | — | — | — | — | — | $3.4B | $2.7B | $2.6B | $2.6B | 13% |
| IP Networks | — | — | — | — | — | $3.1B | $2.6B | $2.6B | $2.6B | 13% |
| Fixed Networks | — | — | — | — | — | $2.9B | $2.4B | $2.3B | $2.4B | 12% |
| Nokia Technologies | — | — | — | — | — | $1.6B | $1.1B | $1.9B | $1.5B | 8% |
| Group Common and Other | — | — | — | — | — | $276M | $124M | $33M | $17M | 0% |
| Mobile Access | $11.5B | $11.3B | $11.7B | — | — | — | — | — | — | — |
| Network Infrastructure | — | — | — | $6.7B | $7.7B | — | — | — | — | — |
| IP Routing | $2.7B | $2.5B | $2.9B | — | — | — | — | — | — | — |
| Nokia Software | $2.8B | $2.7B | $2.8B | — | — | — | — | — | — | — |
| IP Networks | — | — | — | $2.6B | — | — | — | — | — | — |
| Fixed networks | — | — | — | — | $2.4B | — | — | — | — | — |
| Fixed Access | $2.1B | $2.0B | $1.9B | — | — | — | — | — | — | — |
| Optical Networks | $1.5B | $1.6B | $1.8B | — | — | — | — | — | — | — |
| Nokia Technologies | — | — | — | — | $1.5B | — | — | — | — | — |
| Nokia Technologies | $1.6B | $1.5B | $1.5B | $1.4B | — | — | — | — | — | — |
| Submarine Networks | — | — | — | — | $929M | — | — | — | — | — |
| Group Common and Other | $1.1B | $978M | $897M | — | — | — | — | — | — | — |
| Submarine Networks | — | — | — | $697M | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Nokia Corp ADR reports them in its 10-K filings; fiscal 2025 total $19.9B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | — | — | — | — | — | — | — | $5.7B | $5.4B | $6.2B | 31% |
| Europe | — | — | — | — | — | — | — | $5.9B | $6.4B | $6.2B | 31% |
| Rest of APAC | — | — | — | — | — | — | — | $2.3B | $2.0B | $2.2B | 11% |
| Middle East & Africa | — | — | — | — | — | — | — | $2.0B | $2.0B | $2.1B | 11% |
| India | — | — | — | $1.4B | $945M | $1.0B | $1.3B | $2.8B | $1.4B | $1.5B | 8% |
| Greater China | — | — | — | — | — | — | — | $1.3B | $1.1B | $913M | 5% |
| Latin America | — | — | — | — | — | — | — | $1.0B | $895M | $784M | 4% |
| Other | — | — | — | — | — | $11.3B | $12.1B | — | — | — | — |
| Other countries | — | — | — | — | $11.7B | — | — | — | — | — | — |
| United States | — | — | — | — | $6.8B | $6.8B | $7.9B | — | — | — | — |
| North America | — | $6.4B | $6.6B | $7.0B | — | — | — | — | — | — | — |
| UNITED STATES | $6.6B | — | — | — | — | — | — | — | — | — | — |
| Europe | $6.4B | $6.8B | $6.5B | $6.4B | — | — | — | — | — | — | — |
| Asia Pacific | — | $4.2B | $4.1B | $3.1B | — | — | — | — | — | — | — |
| CHINA | $2.2B | — | — | — | — | — | — | — | — | — | — |
| Middle East and Africa | $1.9B | $1.9B | $1.9B | $2.0B | — | — | — | — | — | — | — |
| Greater China | $2.7B | $2.5B | $2.2B | $2.0B | — | — | — | — | — | — | — |
| Finland | — | — | — | — | $1.5B | $1.6B | $1.7B | — | — | — | — |
| Latin America | $1.5B | $1.3B | $1.4B | $1.5B | — | — | — | — | — | — | — |
| INDIA | $1.3B | — | — | — | — | — | — | — | — | — | — |
| FRANCE | $1.1B | — | — | — | — | — | — | — | — | — | — |
| Japan | — | — | — | — | $904M | — | — | — | — | — | — |
| France | — | — | — | — | — | $847M | $788M | — | — | — | — |
| Great Britain | — | — | — | — | — | $650M | — | — | — | — | — |
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Where does Nokia Corp ADR make its money?
In fiscal 2025, by segment: Mobile Networks $7.8B, Optical Networks $3.0B, Cloud and Network Services $2.6B, IP Networks $2.6B, Fixed Networks $2.4B.
From Nokia Corp ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.