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
DateValue
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%