Nio (NIOIF) Gross Margin (2018 - 2026)
Nio (NIOIF) posted Gross Margin of 19.03% for Q1 2026, up 8.57% quarter-over-quarter from 17.53% in Q4 2025, and up 1139.0% on a YoY basis from 1.54% in Q1 2025.
Nio (NIOIF) Gross Margin (2018 - 2026) Analysis & Trends
Nio (NIOIF) has reported Gross Margin for 9 consecutive years, with 19.03% the latest figure, recorded 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 came in at 19.03% for Q1 2026 at Nio, up from 17.53% 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.
- A 5-year average of 9.88% and a median of 9.98% in 2025 frame the typical range for Gross Margin.
- Year-over-year, Gross Margin tumbled 1330 bps in 2022 and soared 1139 bps in 2026.
- Tracing NIOIF's Gross Margin over 5 years: stood at 3.87% in 2022, then surged by 93 bps to 7.48% in 2023, then soared by 57 bps to 11.72% in 2024, then soared by 50 bps to 17.53% in 2025, then gained by 9 bps to 19.03% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 19.03% in Q1 2026, 17.53% in Q4 2025, and 13.88% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 21.08% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 18.36% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 10.98% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | 20.58% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 8.62% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | 7.87% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 19.03% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -73.58% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -110.35% |
| 10 | Nio | - | - | 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% |