Nio (NIO) Gross Margin (2018 - 2026)
Nio's (NIO) quarterly Gross Margin came in at 19.03% in Q1 2026, up 1139.0% YoY from 1.54% in Q1 2025, and up 8.57% on a QoQ basis from 17.53% in Q4 2025.
Nio (NIO) Gross Margin (2018 - 2026) Analysis & Trends
Nio (NIO) has 9 years of Gross Margin data on file, last reported at 19.03% in Q1 2026.
- Quarterly Gross Margin rose 1139.0% year-over-year to 19.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.74% (up 554.0% YoY) and the FY2025 annual result came in at 13.62%, up 374.0% from the prior year.
- Gross Margin grew to 19.03% in Q1 2026, from 17.53% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 19.03% in Q1 2026 to a low of 0.99% in Q2 2023.
- A 5-year average of 9.88% and a median of 9.98% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 1330 bps — and 2026, when it surged 1139 bps.
- Tracing NIO's Gross Margin over 5 years: stood at 3.87% in 2022, then jumped by 93 bps to 7.48% in 2023, then surged by 57 bps to 11.72% in 2024, then surged by 50 bps to 17.53% in 2025, then climbed by 9 bps to 19.03% in 2026.
- The last three Gross Margin figures came in at 19.03% (Q1 2026), 17.53% (Q4 2025), and 13.88% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,062.42 Bn | 1,018.89 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 248.02 Bn | 113.80 Bn | 12.27 Bn | 16.11% |
| 3 | Honda Motor | 127.13 Bn | 92.93 Bn | -34.06 Bn | -4,972.01% |
| 4 | Ford Motor | 81.51 Bn | 50.18 Bn | 6.08 Bn | 12.59% |
| 5 | General Motors | 78.38 Bn | 53.66 Bn | 7.33 Bn | 15.26% |
| 6 | Li Auto | 26.25 Bn | 12.80 Bn | 262.11 Mn | 7.87% |
| 7 | Xpeng | 23.13 Bn | 20.59 Bn | 388.90 Mn | 20.58% |
| 8 | Rivian Automotive | 21.08 Bn | 15.77 Bn | 179.00 Mn | 10.80% |
| 9 | Stellantis | 16.04 Bn | -25.41 Bn | 5.55 Bn | 10.98% |
| 10 | Nio | 11.72 Bn | 7.14 Bn | 704.43 Mn | 19.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 18.63% |