Xpeng (XPEV) Operating Expenses (2019 - 2026)

Xpeng (XPEV) has reported Operating Expenses for 8 consecutive years, with -$770.2 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses fell 34.51% year-over-year to -$770.2 million in Q2 2026; TTM through Jun 2026 was -$2.8 billion, a 32.3% decrease from a year earlier, with the FY2025 full-year figure at -$2.5 billion, down 35.06% from the prior year.
• Operating Expenses was -$770.2 million for Q2 2026 at Xpeng, down from -$660.6 million in the prior quarter.
• Over five years, Operating Expenses peaked at -$379.3 million in Q1 2024 and troughed at -$770.2 million in Q2 2026.
• A 5-year average of -$506.3 million and a median of -$454.3 million in 2022 frame the typical range for Operating Expenses.
• The widest YoY moves for Operating Expenses: up 20.42% in 2022, down 135.59% in 2022.
• Over 5 years, Operating Expenses stood at -$432.9 million in 2022, then fell by 5.55% to -$456.9 million in 2023, then dropped by 28.38% to -$586.6 million in 2024, then fell by 15.03% to -$674.8 million in 2025, then decreased by 14.14% to -$770.2 million in 2026.
• The last three Operating Expenses figures came in at -$770.2 million (Q2 2026), -$660.6 million (Q1 2026), and -$674.8 million (Q4 2025), per Business Quant data.