Nio (NIO) Cost of Revenue (2018 - 2026)
Nio (NIO) recorded quarterly Cost of Revenue of $3.9 billion in Q2 2026, up 28.99% on a QoQ basis from $3.0 billion in Q1 2026, and up 61.85% YoY from $2.4 billion in Q2 2025.
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Nio (NIO) Cost of Revenue (2018 - 2026) Analysis & Trends
Nio (NIO) has reported Cost of Revenue for 9 consecutive years, with $3.9 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 61.85% year-over-year to $3.9 billion; the trailing twelve-month figure through Jun 2026 stood at $13.6 billion (up 56.55% YoY), and the FY2025 full-year result was $10.8 billion, up 33.16% from the prior year.
- Cost of Revenue was $3.9 billion for Q2 2026 at Nio, up from $3.0 billion in the prior quarter.
- The five-year high for Cost of Revenue was $4.1 billion in Q4 2025, with the low at $1.2 billion in Q2 2023.
- Historically, Cost of Revenue has averaged $2.2 billion across 5 years, with a median of $2.2 billion in 2022.
- Annual changes were most pronounced in 2024 — Cost of Revenue decreased 14.78% — and 2026, when it jumped 95.67%.
- Tracing NIO's Cost of Revenue over 5 years: stood at $2.2 billion in 2022, then decreased by 0.45% to $2.2 billion in 2023, then gained by 6.92% to $2.4 billion in 2024, then jumped by 71.48% to $4.1 billion in 2025, then slipped by 5.4% to $3.9 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $3.9 billion in Q2 2026, $3.0 billion in Q1 2026, and $4.1 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 23.49 Bn |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | 63.91 Bn |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 1.07 Bn |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | 29.57 Bn |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | 40.70 Bn |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | 42.22 Bn |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | 1.48 Bn |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | 9.37 Bn |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 44.99 Bn |
| 10 | Nio | 9.18 Bn | 2.85 Bn | 870.51 Mn | 3.87 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.87 Bn |
| Mar 31, 2026 | 3.00 Bn |
| Dec 31, 2025 | 4.09 Bn |
| Sep 30, 2025 | 2.64 Bn |
| Jun 30, 2025 | 2.39 Bn |
| Mar 31, 2025 | 1.53 Bn |
| Dec 31, 2024 | 2.38 Bn |
| Sep 30, 2024 | 2.37 Bn |
| Jun 30, 2024 | 2.17 Bn |
| Mar 31, 2024 | 1.30 Bn |
| Dec 31, 2023 | 2.23 Bn |
| Sep 30, 2023 | 2.40 Bn |
| Jun 30, 2023 | 1.20 Bn |
| Mar 31, 2023 | 1.53 Bn |
| Dec 31, 2022 | 2.24 Bn |
| Sep 30, 2022 | 1.58 Bn |
| Jun 30, 2022 | 1.34 Bn |
| Mar 31, 2022 | 1.34 Bn |
| Dec 31, 2021 | 1.29 Bn |
| Sep 30, 2021 | 1.21 Bn |
API Access
Nio Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NIO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NIO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NIO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();