Nio (NIO) Gross Margin (2018 - 2026)
Nio (NIO) recorded quarterly Gross Margin of 18.38% in Q2 2026, down 3.43% on a QoQ basis from 19.03% in Q1 2026, and up 840.0% YoY from 1.96% in Q2 2025.
Powered by 
Analysis
Nio (NIO) Gross Margin (2018 - 2026) Analysis & Trends
Nio (NIO) has reported Gross Margin for 9 consecutive years, with 18.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 840.0% year-over-year to 18.38%; the trailing twelve-month figure through Jun 2026 stood at 17.43% (up 716.0% YoY), and the FY2025 full-year result was 13.62%, up 374.0% from the prior year.
- Gross Margin was 18.38% for Q2 2026 at Nio, down from 19.03% in the prior quarter.
- The five-year high for Gross Margin was 19.03% in Q1 2026, with the low at 0.99% in Q2 2023.
- Historically, Gross Margin has averaged 10.35% across 5 years, with a median of 10.37% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin sank 1330 bps — and 2026, when it jumped 1139 bps.
- Tracing NIO's Gross Margin over 5 years: stood at 3.87% in 2022, then soared by 93 bps to 7.48% in 2023, then jumped by 57 bps to 11.72% in 2024, then jumped by 50 bps to 17.53% in 2025, then grew by 5 bps to 18.38% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 18.38% in Q2 2026, 19.03% in Q1 2026, and 17.53% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | 16.11% |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 52.59% |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | 22.24% |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | 15.26% |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | 12.59% |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | 10.80% |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | 14.68% |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 10.98% |
| 10 | Nio | 9.18 Bn | 2.85 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();