Nio (NIO) Gross Margin (2018 - 2026)
Nio's Gross Margin was 18.38% in Q2 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 FY2025, it came in at 13.62%, up 3.74 percentage points from FY2024.
- Gross Margin shows a five-year change of +2.10 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 9.88% in FY2024 (+4.39 pp), 5.49% in FY2023 (-4.95 pp), 10.44% in FY2022 (-8.44 pp) and 18.88% in FY2021 (+7.35 pp).
- Quarterly Gross Margin has moved between 0.99% (Q2 2023) and 20.33% (Q3 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 Q1 2026 (a gain of 11.39 percentage points); the worst was Q4 2022 (a drop of 13.30 percentage points).
- Per Business Quant data, NIO's Gross Margin in the three quarters before Q2 2026 was 19.03% (Q1 2026), 17.53% (Q4 2025) and 13.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,293.25 Bn | 1,119.27 Bn | 4.75 Bn | 16.83% |
| 2 | General Motors | 76.94 Bn | -27.67 Bn | 9.28 Bn | 18.55% |
| 3 | Ferrari | 74.01 Bn | 66.50 Bn | 1.18 Bn | 52.59% |
| 4 | Ford Motor | 48.90 Bn | -85.52 Bn | 7.38 Bn | 14.90% |
| 5 | Honda Motor | 45.33 Bn | -104.48 Bn | 8.46 Bn | 22.24% |
| 6 | Toyota Motor | 25.28 Bn | -381.22 Bn | 20.95 Bn | 24.69% |
| 7 | Rivian Automotive | 19.26 Bn | -2.46 Bn | 176.00 Mn | 8.17% |
| 8 | Magna International | 17.75 Bn | 11.73 Bn | 1.63 Bn | 16.16% |
| 9 | Stellantis | 12.89 Bn | -148.55 Bn | 3.94 Bn | 9.10% |
| 10 | Nio | 7.24 Bn | -16.47 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();