TTM
-8.1%
YoY change
+16.39pp
Trough year (2018)
-193.8%
Peak year (2021)
-12.4%
Latest annual
-16.9%
Operating Margin history chart for NIO (NIO) from 2018 to 2025
Latest: -16.9%
Operating Margin change chart for NIO (NIO) from 2018 to 2025
Latest: +16.39pp
Operating Margin history table for NIO (NIO) from 2018 to 2025
| 2025 | -16.9% | +16.39pp | ||
| 2024 | -33.3% | +7.46pp | ||
| 2023 | -40.7% | -8.99pp | ||
| 2022 | -31.7% | -19.30pp | ||
| 2021 | -12.4% | +15.90pp | ||
| 2020 | -28.3% | +113.25pp | ||
| 2019 | -141.6% | +52.22pp | ||
| 2018 | -193.8% | — |
- 2025-16.9%+16.39pp
- 2024-33.3%+7.46pp
- 2023-40.7%-8.99pp
- 2022-31.7%-19.30pp
- 2021-12.4%+15.90pp
- 2020-28.3%+113.25pp
- 2019-141.6%+52.22pp
- 2018-193.8%—
Operating Margin values are taken from NIO's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
About Operating Margin at NIO (NIO)
According to NIO's latest reported financial statements, the company's latest reported operating margin is -8.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, NIO (NIO) operating margin totalled -16.89% – expanded 16.4 percentage points year-over-year.
The highest annual operating margin of -12.44% was reported in 2021. The lowest in the available history was -193.80% in 2018.
NIO Operating Margin by Year
NIO Operating Margin 2025: -16.9%
2025's operating margin for NIO came in at -16.89%, expanded 16.4 percentage points from 2024.
NIO Operating Margin 2024: -33.3%
NIO posted operating margin of -33.28% in 2024, expanded 7.5 percentage points from 2023.
NIO Operating Margin 2023: -40.7%
In 2023, NIO reported operating margin of -40.73%, contracted 9.0 percentage points from 2022.
NIO Operating Margin 2022: -31.7%
NIO operating margin in 2022 was -31.75%, contracted 19.3 percentage points from 2021.
NIO Operating Margin 2021: -12.4%
NIO operating margin in 2021 was -12.44%.
See more financial history for NIO (NIO).
Sector peers by Operating Margin
Consumer Cyclical peers of NIO (NIO), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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