Xpeng (XPNGF) Gross Margin (2019 - 2026)
Xpeng (XPNGF) reported Gross Margin of 20.58% for Q1 2026, up 503.0% year-over-year from 3.41% in Q1 2025, and down 3.41% quarter-over-quarter from 21.31% in Q4 2025.
Xpeng (XPNGF) Gross Margin (2019 - 2026) Analysis & Trends
Xpeng (XPNGF) has 8 years of Gross Margin data on file, last reported at 20.58% in Q1 2026.
- Gross Margin for Q1 2026 came in at 20.58%, up 503.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.88% (up 500.0% YoY), and the FY2025 annual result was 18.86%, up 456.0% from the prior year.
- Gross Margin eased to 20.58% in Q1 2026 per XPNGF's latest filing, from 21.31% in the prior quarter.
- Over five years, Gross Margin peaked at 21.31% in Q4 2025 and troughed at 3.9% in Q2 2023.
- A 5-year average of 11.65% and a median of 13.53% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 1620 bps in 2023, then surged 1793 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 8.66% in 2022, then decreased by 28 bps to 6.2% in 2023, then soared by 133 bps to 14.44% in 2024, then surged by 48 bps to 21.31% in 2025, then fell by 3 bps to 20.58% in 2026.
- Business Quant data shows XPNGF's Gross Margin at 20.58% in Q1 2026, 21.31% in Q4 2025, and 20.14% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,264.49 Bn | 1,219.81 Bn | 4.72 Bn | 21.08% |
| 2 | Toyota Motor | 448.54 Bn | 321.13 Bn | 9.14 Bn | 12.65% |
| 3 | General Motors | 74.80 Bn | 52.42 Bn | 4.32 Bn | 10.98% |
| 4 | Ferrari | 71.95 Bn | 70.15 Bn | 1.09 Bn | 51.89% |
| 5 | Ford Motor | 59.47 Bn | 29.01 Bn | 7.94 Bn | 18.36% |
| 6 | Rivian Automotive | 20.42 Bn | 15.62 Bn | 119.00 Mn | 8.62% |
| 7 | China Yuchai International | 16.65 Bn | 15.59 Bn | 317.01 Mn | 18.91% |
| 8 | VinFast Auto | 7.51 Bn | 10.51 Bn | -15,731.99 Bn | -39.92% |
| 9 | Digital Currency X Technology | 5.68 Bn | 5.68 Bn | - | - |
| 10 | Xpeng | - | - | 388.90 Mn | 20.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.58% |
| Dec 31, 2025 | 21.31% |
| Sep 30, 2025 | 20.14% |
| Jun 30, 2025 | 17.33% |
| Mar 31, 2025 | 15.56% |
| Dec 31, 2024 | 14.44% |
| Sep 30, 2024 | 15.26% |
| Jun 30, 2024 | 14.00% |
| Mar 31, 2024 | 12.89% |
| Dec 31, 2023 | 6.20% |
| Sep 30, 2023 | -2.67% |
| Jun 30, 2023 | -3.90% |
| Mar 31, 2023 | 1.66% |
| Dec 31, 2022 | 8.66% |
| Sep 30, 2022 | 13.53% |
| Jun 30, 2022 | 10.88% |
| Mar 31, 2022 | 12.22% |
| Dec 31, 2021 | 11.96% |
| Sep 30, 2021 | 14.35% |
| Jun 30, 2021 | 11.93% |