Xpeng (XPEV) Net Margin (2019 - 2026)
Xpeng (XPEV) posted quarterly Net Margin of 13.63% for Q1 2026, down 943.0% year-over-year from 1.62% in Q1 2025, and down 902.89% quarter-over-quarter from 1.7% in Q4 2025.
Xpeng (XPEV) Net Margin (2019 - 2026) Analysis & Trends
Xpeng (XPEV) has reported Net Margin for 8 consecutive years, with 13.63% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 943.0% year-over-year to 13.63%; the TTM figure through Mar 2026 stood at 3.09% (up 710.0% YoY), while the FY2025 annual figure was 1.49%, up 1268.0% from the prior year.
- Net Margin slipped to 13.63% in Q1 2026 per XPEV's latest filing, from 1.7% in the prior quarter.
- Across five years, Net Margin topped out at 1.7% in Q4 2025 and bottomed at 57.94% in Q1 2023.
- Historically, Net Margin has averaged 23.1% across 5 years, with a median of 17.9% in 2024.
- Annual changes were most pronounced in 2023 — Net Margin plunged 3513 bps — and 2024, when it surged 3956 bps.
- Xpeng's Net Margin stood at 45.93% in 2022, then soared by 78 bps to 10.33% in 2023, then increased by 20 bps to 8.26% in 2024, then surged by 121 bps to 1.7% in 2025, then plunged by 903 bps to 13.63% in 2026.
- Business Quant data shows XPEV's Net Margin at 13.63% in Q1 2026, 1.7% in Q4 2025, and 1.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,040.86 Bn | 997.94 Bn | 4.75 Bn | 3.99% |
| 2 | Toyota Motor | 242.43 Bn | 113.98 Bn | 12.27 Bn | 12.16% |
| 3 | Polestar Automotive Holding UK | 199.81 Bn | 199.81 Bn | -20.00 Mn | -17.38% |
| 4 | Ford Motor | 85.01 Bn | 53.71 Bn | 6.08 Bn | -2.75% |
| 5 | General Motors | 78.23 Bn | 55.16 Bn | 7.33 Bn | 2.68% |
| 6 | Li Auto | 25.97 Bn | 12.60 Bn | 262.11 Mn | -9.96% |
| 7 | Xpeng | 22.53 Bn | 19.99 Bn | 388.90 Mn | -13.69% |
| 8 | Rivian Automotive | 21.19 Bn | 15.90 Bn | 179.00 Mn | -50.24% |
| 9 | Stellantis | 16.26 Bn | -24.66 Bn | 5.55 Bn | 0.61% |
| 10 | Nio | 11.54 Bn | 8.43 Bn | 704.43 Mn | -1.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.63% |
| Dec 31, 2025 | 1.70% |
| Sep 30, 2025 | -1.87% |
| Jun 30, 2025 | -2.61% |
| Mar 31, 2025 | -4.20% |
| Dec 31, 2024 | -8.26% |
| Sep 30, 2024 | -17.90% |
| Jun 30, 2024 | -15.84% |
| Mar 31, 2024 | -20.89% |
| Dec 31, 2023 | -10.33% |
| Sep 30, 2023 | -45.57% |
| Jun 30, 2023 | -55.40% |
| Mar 31, 2023 | -57.94% |
| Dec 31, 2022 | -45.93% |
| Sep 30, 2022 | -34.82% |
| Jun 30, 2022 | -36.32% |
| Mar 31, 2022 | -22.81% |
| Dec 31, 2021 | -15.04% |
| Sep 30, 2021 | -27.88% |
| Jun 30, 2021 | -31.76% |