TTM
19.9%
YoY change
+4.56pp
Trough year (2018)
-24.3%
Peak year (2025)
18.9%
Latest annual
18.9%
Gross Margin history chart for XPeng (XPEV) from 2018 to 2025
Latest: 18.9%
Gross Margin change chart for XPeng (XPEV) from 2018 to 2025
Latest: +4.56pp
Gross Margin history table for XPeng (XPEV) from 2018 to 2025
| 2025 | 18.9% | +4.56pp | ||
| 2024 | 14.3% | +12.83pp | ||
| 2023 | 1.5% | -10.03pp | ||
| 2022 | 11.5% | -1.00pp | ||
| 2021 | 12.5% | +7.94pp | ||
| 2020 | 4.6% | +28.60pp | ||
| 2019 | -24.0% | +0.28pp | ||
| 2018 | -24.3% | — |
- 202518.9%+4.56pp
- 202414.3%+12.83pp
- 20231.5%-10.03pp
- 202211.5%-1.00pp
- 202112.5%+7.94pp
- 20204.6%+28.60pp
- 2019-24.0%+0.28pp
- 2018-24.3%—
Gross Margin values are taken from XPeng'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 Gross Margin at XPeng (XPEV)
According to XPeng's latest reported financial statements, the company's latest reported gross margin is 19.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for XPeng (XPEV) came in at 18.86% – expanded 4.6 percentage points year-over-year.
18.86% stands as the all-time-high annual gross margin, posted in 2025, against a low of -24.33% during 2018.
XPeng Gross Margin by Year
XPeng Gross Margin 2025: 18.9%
XPeng posted gross margin of 18.86% in 2025, expanded 4.6 percentage points from 2024. This figure represents the highest annual value in the available history.
XPeng Gross Margin 2024: 14.3%
In 2024, XPeng reported gross margin of 14.30%, expanded 12.8 percentage points from 2023.
XPeng Gross Margin 2023: 1.5%
XPeng gross margin in 2023 was 1.47%, contracted 10.0 percentage points from 2022.
XPeng Gross Margin 2022: 11.5%
2022's gross margin for XPeng came in at 11.50%, contracted 1.0 percentage points from 2021.
XPeng Gross Margin 2021: 12.5%
XPeng gross margin in 2021 was 12.50%.
See more financial history for XPeng (XPEV).
Sector peers by Gross Margin
Consumer Cyclical peers of XPeng (XPEV), ranked by their latest gross margin
| 100.0% | |
| 57.4% | |
| 56.0% | |
| 50.6% | |
| 39.8% | |
| 33.1% | |
| 31.4% | |
| 19.1% |
- 100.0%
- 57.4%
- 56.0%
- 50.6%
- 39.8%
- 33.1%
- 31.4%
- 19.1%
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