Xpeng (XPEV) Operating Expenses (2019 - 2026)

Xpeng has disclosed Operating Expenses across 8 years of filings, most recently posting -$660.6 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 36.93% year-over-year to -$660.6 million; the TTM figure through Mar 2026 stood at -$2.6 billion (down 35.85% YoY), while the FY2025 annual figure was -$2.5 billion, down 35.06% from the prior year.
• Operating Expenses climbed to -$660.6 million in Q1 2026, from -$674.8 million in the prior quarter.
• Over the last five years, Operating Expenses for XPEV reached as high as -$379.3 million in Q1 2024 and fell as low as -$682.0 million in Q3 2025.
• The 5-year median for Operating Expenses is -$450.6 million (2023), against an average of -$486.9 million.
• The widest YoY moves for Operating Expenses: up 22.83% in 2022, down 135.59% in 2022.
• A 5-year view of Operating Expenses shows it stood at -$419.8 million in 2022, then retreated by 7.33% to -$450.6 million in 2023, then retreated by 19.9% to -$540.3 million in 2024, then declined by 24.9% to -$674.8 million in 2025, then increased by 2.1% to -$660.6 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$660.6 million, -$674.8 million, and -$682.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.