Xpeng (XPNGF) Operating Expenses (2019 - 2026)
Xpeng's (XPNGF) quarterly Operating Expenses came in at -$770.2 million in Q2 2026, down 34.51% year-over-year from -$1.2 billion in Q2 2025, and down 16.59% quarter-over-quarter from -$660.6 million in Q1 2026.
Analysis
Xpeng (XPNGF) Operating Expenses (2019 - 2026) Analysis & Trends
Xpeng (XPNGF) has reported Operating Expenses for 8 consecutive years, with -$770.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 34.51% year-over-year to -$770.2 million in Q2 2026; TTM through Jun 2026 was -$2.8 billion, a 32.3% decrease from a year earlier, with the FY2025 full-year figure at -$2.5 billion, down 35.06% from the prior year.
- Operating Expenses was -$770.2 million for Q2 2026 at Xpeng, down from -$660.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$379.3 million in Q1 2024 and troughed at -$770.2 million in Q2 2026.
- A 5-year average of -$506.3 million and a median of -$454.3 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 20.42% in 2022, down 135.59% in 2022.
- Over 5 years, Operating Expenses stood at -$432.9 million in 2022, then fell by 5.55% to -$456.9 million in 2023, then dropped by 28.38% to -$586.6 million in 2024, then fell by 15.03% to -$674.8 million in 2025, then decreased by 14.14% to -$770.2 million in 2026.
- The last three Operating Expenses figures came in at -$770.2 million (Q2 2026), -$660.6 million (Q1 2026), and -$674.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,196.16 Bn | 1,152.63 Bn | 4.75 Bn | 4.35 Bn |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | 78.18 Bn |
| 3 | Honda Motor | 126.27 Bn | 86.14 Bn | 8.46 Bn | -34.70 Bn |
| 4 | Ford Motor | 79.26 Bn | 47.93 Bn | 6.08 Bn | 47.66 Bn |
| 5 | General Motors | 76.71 Bn | 51.99 Bn | 7.33 Bn | 46.57 Bn |
| 6 | Rivian Automotive | 21.37 Bn | 16.06 Bn | 179.00 Mn | 1.02 Bn |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | -921.68 Mn |
| 8 | VinFast Auto | 7.18 Bn | 7.18 Bn | -677,431.76 Bn | -142,396.46 Bn |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | -757.09 Mn |
| 10 | Xpeng | 5.26 Bn | 2.95 Bn | 601.83 Mn | -770.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -770.22 Mn |
| Mar 31, 2026 | -660.64 Mn |
| Dec 31, 2025 | -674.80 Mn |
| Sep 30, 2025 | -682.02 Mn |
| Jun 30, 2025 | -572.61 Mn |
| Mar 31, 2025 | -482.45 Mn |
| Dec 31, 2024 | -586.61 Mn |
| Sep 30, 2024 | -465.44 Mn |
| Jun 30, 2024 | -418.37 Mn |
| Mar 31, 2024 | -379.33 Mn |
| Dec 31, 2023 | -456.94 Mn |
| Sep 30, 2023 | -410.92 Mn |
| Jun 30, 2023 | -401.41 Mn |
| Mar 31, 2023 | -390.60 Mn |
| Dec 31, 2022 | -432.91 Mn |
| Sep 30, 2022 | -439.29 Mn |
| Jun 30, 2022 | -437.36 Mn |
| Mar 31, 2022 | -451.60 Mn |
| Dec 31, 2021 | -544.02 Mn |
| Sep 30, 2021 | -434.97 Mn |