Xpeng (XPEV) Gross Margin (2019 - 2026)

Xpeng (XPEV) has reported Gross Margin for 8 consecutive years, with 20.58% the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Margin rose 503.0% year-over-year to 20.58%; the TTM figure through Mar 2026 stood at 19.89% (up 500.0% YoY), while the FY2025 annual figure was 18.86%, up 456.0% from the prior year.
• Gross Margin retreated to 20.58% in Q1 2026 per XPEV's latest filing, from 21.31% in the prior quarter.
• Across five years, Gross Margin topped out at 21.31% in Q4 2025 and bottomed at 3.9% in Q2 2023.
• Historically, Gross Margin has averaged 11.65% across 5 years, with a median of 13.53% in 2022.
• Annual changes were most pronounced in 2023 — Gross Margin slumped 1620 bps — and 2024, when it surged 1793 bps.
• Xpeng's Gross Margin stood at 8.66% in 2022, then declined 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 declined by 3 bps to 20.58% in 2026.
• Business Quant data shows XPEV's Gross Margin at 20.58% in Q1 2026, 21.31% in Q4 2025, and 20.14% in Q3 2025.