Xpeng (XPEV) Cost of Revenue (2019 - 2026)

Xpeng (XPEV) has reported Cost of Revenue for 8 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue fell 18.44% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $8.4 billion (up 41.46% YoY), while the FY2025 annual figure was $8.9 billion, up 85.53% from the prior year.
• Cost of Revenue declined to $1.5 billion in Q1 2026 per XPEV's latest filing, from $2.5 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $2.5 billion in Q4 2025 and bottomed at $577.6 million in Q1 2023.
• Historically, Cost of Revenue has averaged $1.3 billion across 5 years, with a median of $1.2 billion in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue jumped 158.04% — and 2023, when it slumped 44.05%.
• Xpeng's Cost of Revenue stood at $680.8 million in 2022, then jumped by 153.26% to $1.7 billion in 2023, then advanced by 11.27% to $1.9 billion in 2024, then surged by 30.53% to $2.5 billion in 2025, then tumbled by 40.08% to $1.5 billion in 2026.
• Business Quant data shows XPEV's Cost of Revenue at $1.5 billion in Q1 2026, $2.5 billion in Q4 2025, and $2.3 billion in Q3 2025.