Xpeng (XPEV) Operating Expenses (2019 - 2026)

Xpeng (XPEV) has reported Operating Expenses for 8 consecutive years, with -$660.6 million the latest figure, recorded in 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 36.36% YoY), while the FY2025 annual figure was -$2.5 billion, down 35.06% from the prior year.
• Operating Expenses improved to -$660.6 million in Q1 2026 per XPEV's latest filing, from -$684.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$379.3 million in Q1 2024 and bottomed at -$684.4 million in Q4 2025.
• Historically, Operating Expenses has averaged -$488.6 million across 5 years, with a median of -$451.6 million in 2022.
• On a YoY basis, Operating Expenses climbed as much as 20.42% in 2022 and fell as far as 135.59% in 2022.
• Xpeng's Operating Expenses stood at -$432.9 million in 2022, then decreased by 5.55% to -$456.9 million in 2023, then fell by 18.24% to -$540.3 million in 2024, then fell by 26.68% to -$684.4 million in 2025, then rose by 3.47% to -$660.6 million in 2026.
• Business Quant data shows XPEV's Operating Expenses at -$660.6 million in Q1 2026, -$684.4 million in Q4 2025, and -$682.0 million in Q3 2025.