Nokia annual free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Nokia Free Cash Flow (FCF) History (NOK)
Nokia reported €1.47B in free cash flow for fiscal 2025, a decrease of 27.51% from the previous fiscal year, with a free cash flow margin of 7.37%.
View full Nokia company overviewNokia free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | €1.47B | −€556.0M | −27.51% | +7.37% |
| 2024 | 2024-12-31 | €2.02B | €1.36B | +203.91% | +10.52% |
| 2023 | 2023-12-31 | €665.0M | −€208.0M | −23.83% | +3.15% |
| 2022 | 2022-12-31 | €873.0M | −€1.19B | −57.72% | +3.67% |
| 2021 | 2021-12-31 | €2.06B | €785.0M | +61.33% | +9.30% |
| 2020 | 2020-12-31 | €1.28B | €1.58B | — | +5.86% |
| 2019 | 2019-12-31 | −€300.0M | €12.0M | — | −1.29% |
| 2018 | 2018-12-31 | −€312.0M | −€1.52B | — | −1.38% |
| 2017 | 2017-12-31 | €1.21B | €3.14B | — | +5.23% |
| 2016 | 2016-12-31 | −€1.93B | −€2.12B | — | −8.17% |
| 2015 | 2015-12-31 | €189.0M | — | — | +1.50% |
Nokia quarterly free cash flow
No reported data
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|
Nokia free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from €1.28B to €1.47B, a compound annual growth rate of 2.74%.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Nokia filings at SEC.gov ↗