Xpeng (XPEV) Operating Income (2019 - 2026)
Xpeng (XPEV) posted quarterly Operating Income of -$271.7 million for Q1 2026, down 89.35% year-over-year from -$2.6 billion in Q1 2025, and down 4194.25% quarter-over-quarter from -$6.3 million in Q4 2025.
Xpeng (XPEV) Operating Income (2019 - 2026) Analysis & Trends
Xpeng (XPEV) has reported Operating Income for 8 consecutive years, with -$271.7 million the latest figure, recorded in 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 39.15% YoY), while the FY2025 annual figure was -$396.3 million, up 56.55% from the prior year.
- Operating Income retreated to -$271.7 million in Q1 2026 per XPEV's latest filing, from -$6.3 million in the prior quarter.
- Across five years, Operating Income topped out at -$6.3 million in Q4 2025 and bottomed at -$433.2 million in Q3 2023.
- Historically, Operating Income has averaged -$258.7 million across 5 years, with a median of -$271.7 million in 2026.
- Annual changes were most pronounced in 2022 — Operating Income plunged 119.58% — and 2025, when it jumped 97.08%.
- Xpeng's Operating Income stood at -$365.0 million in 2022, then advanced by 20.78% to -$289.2 million in 2023, then gained by 25.09% to -$216.6 million in 2024, then surged by 97.08% to -$6.3 million in 2025, then tumbled by 4194.25% to -$271.7 million in 2026.
- Business Quant data shows XPEV's Operating Income at -$271.7 million in Q1 2026, -$6.3 million in Q4 2025, and -$105.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,042.09 Bn | 998.56 Bn | 4.75 Bn | 398.00 Mn |
| 2 | Toyota Motor | 242.42 Bn | 108.20 Bn | 12.27 Bn | 6.67 Bn |
| 3 | Honda Motor | 122.32 Bn | 88.11 Bn | -34.06 Bn | 37.00 Mn |
| 4 | Ford Motor | 81.57 Bn | 50.24 Bn | 6.08 Bn | 638.00 Mn |
| 5 | General Motors | 80.05 Bn | 55.33 Bn | 7.33 Bn | 1.46 Bn |
| 6 | Li Auto | 26.01 Bn | 12.56 Bn | 262.11 Mn | -434.73 Mn |
| 7 | Xpeng | 22.52 Bn | 19.98 Bn | 388.90 Mn | -271.74 Mn |
| 8 | Rivian Automotive | 20.71 Bn | 15.40 Bn | 179.00 Mn | -836.00 Mn |
| 9 | Stellantis | 16.33 Bn | -25.12 Bn | 5.55 Bn | 815.98 Mn |
| 10 | Nio | 11.59 Bn | 7.00 Bn | 704.43 Mn | 1.45 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -271.74 Mn |
| Dec 31, 2025 | -6.33 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 | -289.17 Mn |
| Sep 30, 2023 | -433.23 Mn |
| Jun 30, 2023 | -426.16 Mn |
| Mar 31, 2023 | -376.46 Mn |
| Dec 31, 2022 | -364.99 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 |