Xpeng (XPEV) Operating Margin (2019 - 2026)
Xpeng (XPEV) reported Operating Margin of -5.79% for Q2 2026, down 0.67 percentage points from -5.11% a year earlier but up 8.59 percentage points from the prior quarter.
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Analysis
Xpeng (XPEV) Operating Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Xpeng's Operating Margin came in at -5.09%, up 3.87 percentage points year-over-year; for FY2025, it came in at -3.61%, up 12.68 percentage points from FY2024.
- Operating Margin has a five-year change of +69.86 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at -16.29% in FY2024 (+19.21 pp), -35.50% in FY2023 (-3.08 pp), -32.42% in FY2022 (-1.07 pp) and -31.35% in FY2021 (+42.12 pp).
- Five-year quarterly Operating Margin spans a low of -64.10% in Q1 2023 and a high of -0.20% in Q4 2025.
- Year over year, Operating Margin gained in six of the last eight quarters, with an average year-over-year change of +9.21 percentage points.
- The high point for year-over-year Operating Margin in five years was Q3 2021 (a gain of 56.13 percentage points); the low point was Q1 2023 (a drop of 38.34 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -14.38% (Q1 2026), -0.20% (Q4 2025) and -3.69% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,302.15 Bn | 1,128.17 Bn | 4.75 Bn | 1.41% |
| 2 | General Motors | 70.95 Bn | -33.67 Bn | 9.28 Bn | 7.19% |
| 3 | Ferrari | 69.64 Bn | 62.13 Bn | 1.18 Bn | 31.22% |
| 4 | Ford Motor | 47.11 Bn | -95.39 Bn | 6.08 Bn | 1.32% |
| 5 | Honda Motor | 44.64 Bn | -105.17 Bn | 8.46 Bn | 8.76% |
| 6 | Toyota Motor | 25.22 Bn | -375.60 Bn | 20.95 Bn | 7.86% |
| 7 | Magna International | 17.86 Bn | 11.88 Bn | 1.61 Bn | 12.19% |
| 8 | Rivian Automotive | 15.26 Bn | -8.05 Bn | 179.00 Mn | -50.42% |
| 9 | Stellantis | 13.60 Bn | -151.04 Bn | 5.55 Bn | 1.61% |
| 10 | Xpeng | 8.80 Bn | 8.80 Bn | 599.70 Mn | -5.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.79% |
| Mar 31, 2026 | -14.38% |
| Dec 31, 2025 | -0.20% |
| Sep 30, 2025 | -3.69% |
| Jun 30, 2025 | -5.11% |
| Mar 31, 2025 | -6.59% |
| Dec 31, 2024 | -9.66% |
| Sep 30, 2024 | -18.28% |
| Jun 30, 2024 | -19.84% |
| Mar 31, 2024 | -25.14% |
| Dec 31, 2023 | -15.73% |
| Sep 30, 2023 | -37.06% |
| Jun 30, 2023 | -61.04% |
| Mar 31, 2023 | -64.10% |
| Dec 31, 2022 | -48.97% |
| Sep 30, 2022 | -31.90% |
| Jun 30, 2022 | -28.12% |
| Mar 31, 2022 | -25.76% |
| Dec 31, 2021 | -28.40% |
| Sep 30, 2021 | -31.52% |
API Access
Xpeng Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=XPEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "XPEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=XPEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();