NIO Inc. (NIO) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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NIO Revenue Growth
Revenue Breakdown (FY 2024)
NIO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
NIO Revenue Analysis (2016–2024)
As of May 7, 2026, NIO Inc. (NIO) generated trailing twelve-month (TTM) revenue of $69.42 billion, reflecting solid growth of +9.0% year-over-year. The most recent quarter (Q2 2025) recorded $19.01 billion in revenue, up 57.9% sequentially.
Looking at the longer-term picture, NIO's 5-year compound annual growth rate (CAGR) stands at +53.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $65.73 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows NIO's business is primarily driven by Vehicle sales (89%), Service (5%), and Sales of packages (3%). With over half of revenue concentrated in Vehicle sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including LI (-11.1% YoY), XPEV (+66.4% YoY), and TSLA (+2.3% YoY), NIO has underperformed the peer group in terms of revenue growth. Compare NIO vs LI →
NIO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NIOCurrent | $69.4B | +9.0% | +53.1% | -33.3% | |
 LI | $144.5B | -11.1% | +247.9% | 4.4% | |
 XPEV | $40.9B | +66.4% | +77.5% | -16.3% | |
 TSLA | $94.8B | +2.3% | +24.6% | 4.6% | |
 GM | $185.0B | -2.0% | +8.6% | 1.6% | |
 F | $187.3B | +3.8% | +8.1% | 1.4% |
NIO Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $65.73B | +18.2% | $6.49B | 9.9% | $-21,874,073,000 | -33.3% |
| 2023 | $55.62B | +12.9% | $3.05B | 5.5% | $-22,655,184,000 | -40.7% |
| 2022 | $49.27B | +36.3% | $5.14B | 10.4% | $-15,640,659,000 | -31.7% |
| 2021 | $36.14B | +122.3% | $6.82B | 18.9% | $-4,496,303,000 | -12.4% |
| 2020 | $16.26B | +107.8% | $1.87B | 11.5% | $-4,607,645,000 | -28.3% |
| 2019 | $7.82B | +58.0% | $-1,198,822,000 | -15.3% | $-11,079,189,000 | -141.6% |
| 2018 | $4.95B | - | $-255,876,000 | -5.2% | $-9,595,608,000 | -193.8% |
| 2017 | $0 | - | $0 | - | $-4,953,596,000 | - |
| 2016 | $0 | - | $0 | - | $-2,602,540,000 | - |
Full NIO Stock Analysis
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Start ComparisonNIO — Frequently Asked Questions
Quick answers to the most common questions about buying NIO stock.
Is NIO's revenue growth accelerating or slowing?
NIO maintains +9.0% revenue growth, in line with its 5-year CAGR of +53.1%. TTM revenue stands at $69.4B. Growth rate remains consistent with historical average.
What is NIO's long-term revenue growth rate?
NIO Inc.'s 5-year revenue CAGR of +53.1% reflects the sustained expansion pattern. Current YoY growth of +9.0% is near this long-term average.
How is NIO's revenue distributed by segment?
NIO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.