Xpeng (XPEV) Operating Leases (2019 - 2026)
Xpeng (XPEV) posted quarterly Operating Leases of $299.6 million for Q1 2026, down 52.68% YoY from $633.2 million in Q1 2025, and down 49.95% sequentially from $598.7 million in Q4 2025.
Xpeng (XPEV) Operating Leases (2019 - 2026) Analysis & Trends
Xpeng has disclosed Operating Leases across 8 years of filings, most recently posting $299.6 million for Q1 2026.
- In Q1 2026, Operating Leases fell 52.68% year-over-year to $299.6 million; the TTM figure through Mar 2026 stood at $299.6 million (down 52.68% YoY), while the FY2025 annual figure was $607.3 million, up 229.35% from the prior year.
- Operating Leases declined to $299.6 million in Q1 2026, from $598.7 million in the prior quarter.
- Over the last five years, Operating Leases for XPEV reached as high as $633.2 million in Q1 2025 and fell as low as $186.5 million in Q3 2024.
- The 5-year median for Operating Leases is $257.9 million (2023), against an average of $323.4 million.
- Annual changes were most pronounced in 2025 — Operating Leases jumped 229.65% — and 2026, when it sank 52.68%.
- A 5-year view of Operating Leases shows it stood at $260.8 million in 2022, then fell by 1.1% to $257.9 million in 2023, then declined by 9.83% to $232.5 million in 2024, then jumped by 157.48% to $598.7 million in 2025, then slumped by 49.95% to $299.6 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $299.6 million, $598.7 million, and $600.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 299.64 Mn |
| Dec 31, 2025 | 598.74 Mn |
| Sep 30, 2025 | 600.73 Mn |
| Jun 30, 2025 | 616.13 Mn |
| Mar 31, 2025 | 633.17 Mn |
| Dec 31, 2024 | 232.54 Mn |
| Sep 30, 2024 | 186.48 Mn |
| Jun 30, 2024 | 188.17 Mn |
| Mar 31, 2024 | 192.07 Mn |
| Dec 31, 2023 | 257.90 Mn |
| Sep 30, 2023 | 213.00 Mn |
| Jun 30, 2023 | 238.77 Mn |
| Mar 31, 2023 | 265.84 Mn |
| Dec 31, 2022 | 260.76 Mn |
| Sep 30, 2022 | 275.63 Mn |
| Jun 30, 2022 | 223.25 Mn |
| Mar 31, 2022 | 214.99 Mn |
| Dec 31, 2021 | 186.09 Mn |
| Sep 30, 2021 | 143.17 Mn |
| Jun 30, 2021 | 90.22 Mn |