Nokia annual capital expenditures (capex)
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Nokia Capital Expenditures (CapEx) Growth & History (NOK)
Nokia's capital expenditures (capex) was €606.0M for fiscal 2025.
View full Nokia company overviewNokia annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €606.0M | €134.0M | +28.39% |
| 2024 | 2024-12-31 | €472.0M | −€180.0M | −27.61% |
| 2023 | 2023-12-31 | €652.0M | €51.0M | +8.49% |
| 2022 | 2022-12-31 | €601.0M | €41.0M | +7.32% |
| 2021 | 2021-12-31 | €560.0M | €81.0M | +16.91% |
| 2020 | 2020-12-31 | €479.0M | −€211.0M | −30.58% |
| 2019 | 2019-12-31 | €690.0M | €18.0M | +2.68% |
| 2018 | 2018-12-31 | €672.0M | €71.0M | +11.81% |
| 2017 | 2017-12-31 | €601.0M | €124.0M | +26.00% |
| 2016 | 2016-12-31 | €477.0M | €163.0M | +51.91% |
| 2015 | 2015-12-31 | €314.0M | — | — |
Nokia quarterly capital expenditures (capex)
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €129.0M | €8.0M | +6.61% |
| Q1 2026 | 2026-03-31 | €154.0M | — | — |
| Q4 2025 | 2025-12-31 | €148.0M | — | — |
| Q3 2025 | 2025-09-30 | €168.0M | — | — |
| Q2 2025 | 2025-06-30 | €121.0M | — | — |
Nokia capital expenditures (capex) trends
Over the last five fiscal years, Nokia's capital expenditures (capex) increased from €479.0M to €606.0M, a change of €127.0M. The latest reported quarter, Q2 2026, shows €129.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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