Xpeng (XPEV) Net Margin (2019 - 2026)

Xpeng (XPEV) posted quarterly Net Margin of 13.69% for Q1 2026, down 949.0% YoY from 1.61% in Q1 2025, and down 894.91% sequentially from 1.72% in Q4 2025.

Xpeng (XPEV) Net Margin (2019 - 2026) Analysis & Trends

Xpeng has disclosed Net Margin across 8 years of filings, most recently posting 13.69% for Q1 2026.

  • In Q1 2026, Net Margin fell 949.0% year-over-year to 13.69%; the TTM figure through Mar 2026 stood at 3.11% (up 708.0% YoY), while the FY2025 annual figure was 1.49%, up 1268.0% from the prior year.
  • Net Margin slipped to 13.69% in Q1 2026, from 1.72% in the prior quarter.
  • Over the last five years, Net Margin for XPEV reached as high as 1.72% in Q4 2025 and fell as low as 57.94% in Q1 2023.
  • The 5-year median for Net Margin is 17.9% (2024), against an average of 23.1%.
  • Annual changes were most pronounced in 2023 — Net Margin slumped 3513 bps — and 2024, when it surged 3956 bps.
  • A 5-year view of Net Margin shows it 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 soared by 121 bps to 1.72% in 2025, then slumped by 895 bps to 13.69% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 13.69%, 1.72%, and 1.87% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Tesla 1,375.42 Bn 1,330.73 Bn 4.72 Bn 2.19%
2 Ford Motor 78.30 Bn 47.85 Bn 7.94 Bn 5.89%
3 General Motors 68.82 Bn 46.43 Bn 4.32 Bn 6.64%
4 Xpeng 40.80 Bn 38.26 Bn 388.90 Mn -13.69%
5 Rivian Automotive 21.46 Bn 16.65 Bn 119.00 Mn -30.12%
6 Li Auto 12.40 Bn -965.30 Mn 262.11 Mn -9.96%
7 Nio 12.31 Bn 9.20 Bn 704.43 Mn -1.94%
8 VinFast Auto 7.23 Bn 91,500.01 Bn -17,004.89 Bn 0.00%
9 Lucid 2.18 Bn 1.48 Bn -311.71 Mn -401.57%
10 China Yuchai International 1.74 Bn 678.93 Mn 317.01 Mn 1.46%

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.69%
Dec 31, 2025 1.72%
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%