Xpeng (XPNGF) Operating Margin (2019 - 2026)
Xpeng's (XPNGF) quarterly Operating Margin came in at 5.79% in Q2 2026, down 67.0% year-over-year from 17.54% in Q2 2025, and up 59.76% quarter-over-quarter from 14.38% in Q1 2026.
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Xpeng (XPNGF) Operating Margin (2019 - 2026) Analysis & Trends
Xpeng (XPNGF) has reported Operating Margin for 8 consecutive years, with 5.79% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 67.0% year-over-year to 5.79% in Q2 2026; TTM through Jun 2026 was 5.11%, a 385.0% increase from a year earlier, with the FY2025 full-year figure at 3.61%, up 1268.0% from the prior year.
- Operating Margin was 5.79% for Q2 2026 at Xpeng, up from 14.38% in the prior quarter.
- Over five years, Operating Margin peaked at 0.2% in Q4 2025 and troughed at 64.1% in Q1 2023.
- A 5-year average of 23.41% and a median of 19.06% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 3834 bps in 2023 and jumped 4120 bps in 2024, its largest moves.
- Over 5 years, Operating Margin stood at 48.97% in 2022, then soared by 68 bps to 15.73% in 2023, then surged by 39 bps to 9.66% in 2024, then surged by 98 bps to 0.2% in 2025, then plunged by 2810 bps to 5.79% in 2026.
- The last three Operating Margin figures came in at 5.79% (Q2 2026), 14.38% (Q1 2026), and 0.2% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,192.28 Bn | 1,148.76 Bn | 4.75 Bn | 1.41% |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | 8.76% |
| 3 | Honda Motor | 125.57 Bn | 85.44 Bn | 8.46 Bn | 8.76% |
| 4 | Ford Motor | 79.54 Bn | 48.21 Bn | 6.08 Bn | 1.32% |
| 5 | General Motors | 76.03 Bn | 51.31 Bn | 7.33 Bn | 3.04% |
| 6 | Rivian Automotive | 21.25 Bn | 15.94 Bn | 179.00 Mn | -50.42% |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | -1.08% |
| 8 | VinFast Auto | 7.23 Bn | 7.23 Bn | -677,431.76 Bn | -98.92% |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | -8.96% |
| 10 | Xpeng | 5.26 Bn | 2.95 Bn | 601.83 Mn | -5.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.79% |
| Mar 31, 2026 | -14.38% |
| Dec 31, 2025 | -0.20% |
| Sep 30, 2025 | -3.69% |
| Jun 30, 2025 | -5.11% |
| Mar 31, 2025 | -6.59% |
| Dec 31, 2024 | -9.66% |
| Sep 30, 2024 | -18.29% |
| Jun 30, 2024 | -19.84% |
| Mar 31, 2024 | -25.14% |
| Dec 31, 2023 | -15.73% |
| Sep 30, 2023 | -37.06% |
| Jun 30, 2023 | -61.04% |
| Mar 31, 2023 | -64.10% |
| Dec 31, 2022 | -48.97% |
| Sep 30, 2022 | -31.90% |
| Jun 30, 2022 | -28.12% |
| Mar 31, 2022 | -25.76% |
| Dec 31, 2021 | -28.40% |
| Sep 30, 2021 | -31.52% |