Nio (NIO) Gross Margin (2018 - 2026)
Nio's Gross Margin was 18.38% in the quarter ended Jun 30, 2026, up 8.40 percentage points from 9.98% a year earlier but down 0.65 percentage points from the prior quarter.
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Analysis
Nio (NIO) Gross Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Nio's Gross Margin was 17.43% through Jun 30, 2026, up 7.16 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 13.62%, up 3.74 percentage points from the prior year.
- Gross Margin shows a five-year change of +2.10 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 9.88% in the year ended Dec 31, 2024 (+4.39 pp), 5.49% in the year ended Dec 31, 2023 (-4.95 pp), 10.44% in the year ended Dec 31, 2022 (-8.44 pp) and 18.88% in the year ended Dec 31, 2021 (+7.35 pp).
- Quarterly Gross Margin has moved between 0.99% (the quarter ended Jun 30, 2023) and 20.33% (the quarter ended Sep 30, 2021) over five years.
- Compared with a year earlier, Gross Margin has increased for 11 straight quarters, with an average year-over-year change of +4.84 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Mar 31, 2026 (a gain of 11.39 percentage points); the worst was the quarter ended Dec 31, 2022 (a drop of 13.30 percentage points).
- Per Business Quant data, NIO's Gross Margin in the three quarters before the quarter ended Jun 30, 2026 was 19.03% (quarter ended Mar 31, 2026), 17.53% (quarter ended Dec 31, 2025) and 13.88% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,216.24 Bn | 1,042.27 Bn | 4.75 Bn | 16.83% |
| 2 | General Motors | 75.35 Bn | -31.16 Bn | 7.33 Bn | 15.26% |
| 3 | Ferrari | 69.70 Bn | 62.19 Bn | 1.18 Bn | 52.59% |
| 4 | Ford Motor | 48.22 Bn | -94.27 Bn | 6.08 Bn | 12.59% |
| 5 | Honda Motor | 44.40 Bn | -105.41 Bn | 8.46 Bn | 22.24% |
| 6 | Toyota Motor | 24.11 Bn | -382.39 Bn | 20.95 Bn | 24.69% |
| 7 | Magna International | 18.41 Bn | 12.44 Bn | 1.61 Bn | 14.68% |
| 8 | Rivian Automotive | 17.72 Bn | -5.59 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 12.89 Bn | -151.76 Bn | 5.55 Bn | 10.98% |
| 10 | Nio | 8.09 Bn | -15.60 Bn | 870.51 Mn | 18.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.38% |
| Mar 31, 2026 | 19.03% |
| Dec 31, 2025 | 17.53% |
| Sep 30, 2025 | 13.88% |
| Jun 30, 2025 | 9.98% |
| Mar 31, 2025 | 7.64% |
| Dec 31, 2024 | 11.72% |
| Sep 30, 2024 | 10.75% |
| Jun 30, 2024 | 9.68% |
| Mar 31, 2024 | 4.92% |
| Dec 31, 2023 | 7.48% |
| Sep 30, 2023 | 7.99% |
| Jun 30, 2023 | 0.99% |
| Mar 31, 2023 | 1.52% |
| Dec 31, 2022 | 3.87% |
| Sep 30, 2022 | 13.34% |
| Jun 30, 2022 | 13.02% |
| Mar 31, 2022 | 14.60% |
| Dec 31, 2021 | 17.17% |
| Sep 30, 2021 | 20.33% |
API Access
Nio Gross Margin 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=gross-margin&ticker=NIO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=NIO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();