Xpeng (XPEV) Gross Margin (2019 - 2026)

Xpeng has disclosed Gross Margin across 8 years of filings, most recently posting 20.58% for Q1 2026.

• In Q1 2026, Gross Margin rose 503.0% year-over-year to 20.58%; the TTM figure through Mar 2026 stood at 19.88% (up 500.0% YoY), while the FY2025 annual figure was 18.86%, up 456.0% from the prior year.
• Gross Margin fell to 20.58% in Q1 2026, from 21.31% in the prior quarter.
• Over the last five years, Gross Margin for XPEV reached as high as 21.31% in Q4 2025 and fell as low as 3.9% in Q2 2023.
• The 5-year median for Gross Margin is 13.53% (2022), against an average of 11.65%.
• Annual changes were most pronounced in 2023 — Gross Margin plunged 1620 bps — and 2024, when it surged 1793 bps.
• A 5-year view of Gross Margin shows it stood at 8.66% in 2022, then decreased by 28 bps to 6.2% in 2023, then jumped by 133 bps to 14.44% in 2024, then surged by 48 bps to 21.31% in 2025, then fell by 3 bps to 20.58% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 20.58%, 21.31%, and 20.14% for Q1 2026, Q4 2025, and Q3 2025 respectively.