Xpeng XPNGF
NYSE XPNGF
$5.53 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

Xpeng (XPNGF) Gross Margin (2019 - 2026)

Xpeng's (XPNGF) quarterly Gross Margin came in at 20.68% in Q2 2026, up 335.0% year-over-year from 4.75% in Q2 2025, and little changed quarter-over-quarter from 20.58% in Q1 2026.

Analysis

Xpeng (XPNGF) Gross Margin (2019 - 2026) Analysis & Trends

Xpeng (XPNGF) has reported Gross Margin for 8 consecutive years, with 20.68% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Gross Margin rose 335.0% year-over-year to 20.68% in Q2 2026; TTM through Jun 2026 was 20.7%, a 495.0% increase from a year earlier, with the FY2025 full-year figure at 18.86%, up 456.0% from the prior year.
  • Gross Margin was 20.68% for Q2 2026 at Xpeng, roughly flat from 20.58% 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 12.15% and a median of 13.77% in 2022 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin tumbled 1620 bps in 2023 and jumped 1793 bps in 2024, its largest moves.
  • Over 5 years, Gross Margin stood at 8.66% in 2022, then slipped by 28 bps to 6.2% in 2023, then jumped by 133 bps to 14.44% in 2024, then surged by 48 bps to 21.31% in 2025, then slipped by 3 bps to 20.68% in 2026.
  • The last three Gross Margin figures came in at 20.68% (Q2 2026), 20.58% (Q1 2026), and 21.31% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Tesla 1,191.54 Bn 1,148.02 Bn 4.75 Bn 16.83%
2 Toyota Motor 256.51 Bn 178.52 Bn 12.27 Bn 16.11%
3 Honda Motor 125.61 Bn 85.48 Bn 8.46 Bn 22.24%
4 Ford Motor 79.74 Bn 48.40 Bn 6.08 Bn 12.59%
5 General Motors 75.89 Bn 51.17 Bn 7.33 Bn 15.26%
6 Rivian Automotive 21.55 Bn 16.24 Bn 179.00 Mn 10.80%
7 Nio 8.66 Bn 2.33 Bn 870.51 Mn 18.38%
8 VinFast Auto 7.23 Bn 7.23 Bn -677,431.76 Bn -73.58%
9 Li Auto 5.98 Bn -6.51 Bn 417.98 Mn 11.05%
10 Xpeng 5.26 Bn 2.95 Bn 601.83 Mn 20.68%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 20.68%
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%