Xpeng (XPEV) Gross Margin (2019 - 2026)

Xpeng (XPEV) has reported Gross Margin for 8 consecutive years, with 20.68% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Gross Margin rose 335.0% year-over-year to 20.68% in Q2 2026; TTM through Jun 2026 was 20.7%, a 495.0% increase from a year earlier, with the FY2025 full-year figure at 18.86%, up 456.0% from the prior year.
• Gross Margin was 20.68% for Q2 2026 at Xpeng, roughly flat from 20.58% in the prior quarter.
• Over five years, Gross Margin peaked at 21.31% in Q4 2025 and troughed at 3.9% in Q2 2023.
• A 5-year average of 12.15% and a median of 13.77% in 2022 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin tumbled 1620 bps in 2023 and jumped 1793 bps in 2024, its largest moves.
• Over 5 years, Gross Margin stood at 8.66% in 2022, then slipped 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 slipped by 3 bps to 20.68% in 2026.
• The last three Gross Margin figures came in at 20.68% (Q2 2026), 20.58% (Q1 2026), and 21.31% (Q4 2025), per Business Quant data.