TTM
-6.4%
YoY change
+10.54pp
Trough year (2018)
-17459.7%
Peak year (2025)
-5.8%
Latest annual
-5.8%
Operating Margin history chart for XPeng (XPEV) from 2018 to 2025
Latest: -5.8%
Operating Margin change chart for XPeng (XPEV) from 2018 to 2025
Latest: +10.54pp
Operating Margin history table for XPeng (XPEV) from 2018 to 2025
| 2025 | -5.8% | +10.54pp | ||
| 2024 | -16.3% | +19.21pp | ||
| 2023 | -35.5% | -3.08pp | ||
| 2022 | -32.4% | -1.07pp | ||
| 2021 | -31.3% | +42.12pp | ||
| 2020 | -73.5% | +89.40pp | ||
| 2019 | -162.9% | +17296.78pp | ||
| 2018 | -17459.7% | — |
- 2025-5.8%+10.54pp
- 2024-16.3%+19.21pp
- 2023-35.5%-3.08pp
- 2022-32.4%-1.07pp
- 2021-31.3%+42.12pp
- 2020-73.5%+89.40pp
- 2019-162.9%+17296.78pp
- 2018-17459.7%—
Operating 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 Operating Margin at XPeng (XPEV)
According to XPeng's latest reported financial statements, the company's latest reported operating margin is -6.4%. 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 .
The 2025 reading of XPeng (XPEV) operating margin is -5.76% – expanded 10.5 percentage points year-over-year.
The record annual operating margin stands at -5.76%, reached in 2025; the historical low of -17459.65% was recorded in 2018.
XPeng Operating Margin by Year
XPeng Operating Margin 2025: -5.8%
In 2025, XPeng reported operating margin of -5.76%, expanded 10.5 percentage points from 2024. This figure represents the highest annual value in the available history.
XPeng Operating Margin 2024: -16.3%
XPeng operating margin in 2024 was -16.29%, expanded 19.2 percentage points from 2023.
XPeng Operating Margin 2023: -35.5%
2023's operating margin for XPeng came in at -35.50%, contracted 3.1 percentage points from 2022.
XPeng Operating Margin 2022: -32.4%
XPeng posted operating margin of -32.42% in 2022, contracted 1.1 percentage points from 2021.
XPeng Operating Margin 2021: -31.3%
XPeng operating margin in 2021 was -31.35%.
See more financial history for XPeng (XPEV).
Sector peers by Operating Margin
Consumer Cyclical peers of XPeng (XPEV), 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%
Frequently asked questions
XPeng (XPEV) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation