Nio (NIO) Operating Expenses (2017 - 2026)
Nio (NIO) recorded quarterly Operating Expenses of -$921.7 million in Q2 2026, down 23.02% on a QoQ basis from -$749.2 million in Q1 2026, and up 2.99% YoY from -$894.9 million in Q2 2025.
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Analysis
Nio (NIO) Operating Expenses (2017 - 2026) Analysis & Trends
Nio (NIO) has reported Operating Expenses for 10 consecutive years, with -$921.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 2.99% year-over-year to -$921.7 million; the trailing twelve-month figure through Jun 2026 stood at -$3.3 billion (up 19.17% YoY), and the FY2025 full-year result was -$3.7 billion, up 4.49% from the prior year.
- Operating Expenses was -$921.7 million for Q2 2026 at Nio, down from -$749.2 million in the prior quarter.
- The five-year high for Operating Expenses was -$573.5 million in Q1 2022, with the low at -$1.1 billion in Q4 2024.
- Historically, Operating Expenses has averaged -$883.4 million across 5 years, with a median of -$896.1 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 103.02% — and 2025, when it surged 34.1%.
- Tracing NIO's Operating Expenses over 5 years: stood at -$1.1 billion in 2022, then slipped by 4.36% to -$1.1 billion in 2023, then fell by 2.65% to -$1.1 billion in 2024, then jumped by 34.1% to -$753.1 million in 2025, then declined by 22.38% to -$921.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$921.7 million in Q2 2026, -$749.2 million in Q1 2026, and -$753.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,226.50 Bn | 1,183.58 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 250.64 Bn | 172.66 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Ferrari | 153.43 Bn | 151.68 Bn | 1.18 Bn | 471.42 Mn |
| 4 | Honda Motor | 147.05 Bn | 108.59 Bn | 8.46 Bn | -34.70 Bn |
| 5 | General Motors | 73.24 Bn | 50.16 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Ford Motor | 51.31 Bn | 20.01 Bn | 6.08 Bn | 47.66 Bn |
| 7 | Rivian Automotive | 20.62 Bn | 15.33 Bn | 179.00 Mn | 1.02 Bn |
| 8 | Magna International | 17.88 Bn | 16.79 Bn | 1.61 Bn | 273.20 Mn |
| 9 | Stellantis | 14.02 Bn | -29.10 Bn | 5.55 Bn | 4.85 Bn |
| 10 | Nio | 9.18 Bn | 2.85 Bn | 870.51 Mn | -921.68 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -921.68 Mn |
| Mar 31, 2026 | -749.20 Mn |
| Dec 31, 2025 | -753.14 Mn |
| Sep 30, 2025 | -919.52 Mn |
| Jun 30, 2025 | -950.13 Mn |
| Mar 31, 2025 | -1.01 Bn |
| Dec 31, 2024 | -1.14 Bn |
| Sep 30, 2024 | -1.03 Bn |
| Jun 30, 2024 | -949.20 Mn |
| Mar 31, 2024 | -814.62 Mn |
| Dec 31, 2023 | -1.11 Bn |
| Sep 30, 2023 | -872.70 Mn |
| Jun 30, 2023 | -849.65 Mn |
| Mar 31, 2023 | -767.97 Mn |
| Dec 31, 2022 | -1.07 Bn |
| Sep 30, 2022 | -787.99 Mn |
| Jun 30, 2022 | -624.93 Mn |
| Mar 31, 2022 | -573.49 Mn |
| Dec 31, 2021 | -650.39 Mn |
| Sep 30, 2021 | -463.28 Mn |
API Access
Nio Operating Expenses 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=operating-expenses&ticker=NIO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NIO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();