Xpeng (XPEV) Operating Income (2019 - 2026)
Xpeng (XPEV) posted quarterly Operating Income of -$271.7 million for Q1 2026, down 89.35% YoY from -$2.6 billion in Q1 2025, and down 4254.77% sequentially from -$6.2 million in Q4 2025.
Xpeng (XPEV) Operating Income (2019 - 2026) Analysis & Trends
Xpeng has disclosed Operating Income across 8 years of filings, most recently posting -$271.7 million for Q1 2026.
- In Q1 2026, Operating Income fell 89.35% year-over-year to -$271.7 million; the TTM figure through Mar 2026 stood at -$514.0 million (up 39.16% YoY), while the FY2025 annual figure was -$396.3 million, up 56.55% from the prior year.
- Operating Income fell to -$271.7 million in Q1 2026, from -$6.2 million in the prior quarter.
- Over the last five years, Operating Income for XPEV reached as high as -$6.2 million in Q4 2025 and fell as low as -$433.2 million in Q3 2023.
- The 5-year median for Operating Income is -$271.7 million (2026), against an average of -$257.8 million.
- Annual changes were most pronounced in 2022 — Operating Income slumped 119.58% — and 2025, when it soared 97.12%.
- A 5-year view of Operating Income shows it stood at -$354.0 million in 2022, then advanced by 19.44% to -$285.1 million in 2023, then gained by 24.03% to -$216.6 million in 2024, then soared by 97.12% to -$6.2 million in 2025, then plunged by 4254.77% to -$271.7 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$271.7 million, -$6.2 million, and -$105.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 941.00 Mn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 2.33 Bn |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 2.93 Bn |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -271.74 Mn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | -881.00 Mn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -434.73 Mn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 1.45 Bn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -22,861.61 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -989.49 Mn |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 66.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -271.74 Mn |
| Dec 31, 2025 | -6.24 Mn |
| Sep 30, 2025 | -105.50 Mn |
| Jun 30, 2025 | -130.47 Mn |
| Mar 31, 2025 | -143.52 Mn |
| Dec 31, 2024 | -216.62 Mn |
| Sep 30, 2024 | -263.21 Mn |
| Jun 30, 2024 | -221.41 Mn |
| Mar 31, 2024 | -227.97 Mn |
| Dec 31, 2023 | -285.14 Mn |
| Sep 30, 2023 | -433.23 Mn |
| Jun 30, 2023 | -426.16 Mn |
| Mar 31, 2023 | -376.46 Mn |
| Dec 31, 2022 | -353.96 Mn |
| Sep 30, 2022 | -306.01 Mn |
| Jun 30, 2022 | -312.14 Mn |
| Mar 31, 2022 | -302.95 Mn |
| Dec 31, 2021 | -381.27 Mn |
| Sep 30, 2021 | -279.77 Mn |
| Jun 30, 2021 | -223.52 Mn |