Nio (NIOIF) Operating Expenses (2017 - 2026)
Nio (NIOIF) 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.
Analysis
Nio (NIOIF) Operating Expenses (2017 - 2026) Analysis & Trends
Nio (NIOIF) 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 NIOIF'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 | 1,199.08 Bn | 1,155.56 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Honda Motor | 125.97 Bn | 85.84 Bn | 8.46 Bn | -34.70 Bn |
| 4 | Ford Motor | 79.26 Bn | 47.93 Bn | 6.08 Bn | 47.66 Bn |
| 5 | General Motors | 76.61 Bn | 51.89 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Rivian Automotive | 21.47 Bn | 16.16 Bn | 179.00 Mn | 1.02 Bn |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | -921.68 Mn |
| 8 | VinFast Auto | 7.18 Bn | 7.18 Bn | -677,431.76 Bn | -142,396.46 Bn |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | -757.09 Mn |
| 10 | Xpeng | 5.26 Bn | 2.95 Bn | 601.83 Mn | -770.22 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 |