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

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

Historic Data

Download Data
DateValue
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