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Financial income and expenses (Details) - EUR (€)
€ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financial Income      
Interest income on financial investments € 134 € 269 € 199
Interest income on financing components of other contracts 17 31 21
Net interest income on defined benefit plans 203 176 188
(Losses)/gains from venture funds (66) 29 (72)
Other financial income (31) (71) 18
Total [1] 257 434 354
Fair value loss on equity investment 3 79 0
Financial expenses      
Interest expense on interest-bearing liabilities (141) (209) (201)
Interest expense on financing components of other contracts (43) (86) (126)
Interest expense on lease liabilities (35) (31) (27)
Net fair value losses on hedged items under fair value hedge accounting (31) (13) (93)
Net fair value gains on hedging instruments under fair value hedge accounting 34 10 89
Net foreign exchange gains/(losses) 2 16 (192)
Other financial expenses (32) (7) (29)
Total (246) (320) (579)
Interest expenses related to sale of receivables 22 63 106
Credit Impaired Customer      
Financial expenses      
Increase (decrease) in loss allowance 0 (7) 9
Nokia Shanghai Bell Co., Ltd.      
Financial Income      
Expense due to change in fair value of financial liability € 49 € 5 € 2
[1] In 2025, Nokia changed the presentation of gains and losses from venture fund investments from selling, general and administrative expenses and other operating income to
financial income. The comparative amounts for 2024 and 2023 have been recast accordingly. For more information, refer to Note 1.2. General accounting policies.