XPeng Inc. (XPEV) Revenue History
Annual and quarterly revenue from 2018 to present
XPEV Revenue Over Time (2018–2025)
XPEV Revenue Growth History
7 of 7 years with positive growth- FY2018 revenue growth
- N/A
- FY2019 revenue growth
- +23815.3%
- FY2020 revenue growth
- +151.8%
- FY2021 revenue growth
- +259.1%
- FY2022 revenue growth
- +28.0%
- FY2023 revenue growth
- +14.2%
- FY2024 revenue growth
- +33.2%
- FY2025 revenue growth
- +82.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $18.27B | +125.3% |
| Q1 2025 | $15.81B | +141.5% |
| Q4 2024 | $16.11B | +23.4% |
| Q3 2024 | $10.10B | +18.4% |
| Q2 2024 | $8.11B | +60.2% |
| Q1 2024 | $6.55B | +62.3% |
| Q4 2023 | $13.05B | +153.9% |
| Q3 2023 | $8.53B | +25.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
XPEV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
XPEV Revenue Analysis (2018–2025)
Current Revenue & Growth
As of June 21, 2026, XPeng Inc. (XPEV) generated trailing twelve-month (TTM) revenue of $60.29 billion, reflecting explosive growth of +125.3% year-over-year. The most recent quarter (Q2 2025) recorded $18.27 billion in revenue, up 15.6% sequentially.
Historical Growth Trajectory
XPEV's 5-year compound annual growth rate (CAGR) stands at +66.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +40.6% is below the 5-year average, signalling a growth deceleration in recent years. XPeng Inc.'s highest annual revenue of $74.63 billion was recorded in 2025, an all-time high.
Revenue by Segment
XPEV's revenue is primarily driven by Vehicle (89%), and Service, Other (11%). With over half of revenue concentrated in Vehicle, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including NIO (+30.4% YoY), LI (-21.3% YoY), and RIVN (+10.4% YoY) — XPEV has outperformed the peer group in revenue growth. Compare XPEV vs NIO →
XPEV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| XPEVCurrent | $60.3B | +125.3% | +66.4% | -5.8% | |
 NIO | $85.1B | +30.4% | +39.2% | -16.9% | |
 LI | $109.3B | -21.3% | +65.0% | -0.9% | |
 RIVN | $5.4B | +10.4% | - | -66.5% | |
 LCID | $1.4B | +28.6% | +220.9% | -258.7% | |
 TSLA | $94.8B | +2.3% | +24.6% | 4.6% |
XPEV Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $74.63B | +82.6% | $14.08B | 18.9% | $-4,295,216,000 | -5.8% |
| 2024 | $40.87B | +33.2% | $5.85B | 14.3% | $-6,658,138,000 | -16.3% |
| 2023 | $30.68B | +14.2% | $451.2M | 1.5% | $-10,889,434,000 | -35.5% |
| 2022 | $26.86B | +28.0% | $3.09B | 11.5% | $-8,705,523,000 | -32.4% |
| 2021 | $20.99B | +259.1% | $2.62B | 12.5% | $-6,579,405,000 | -31.3% |
| 2020 | $5.84B | +151.8% | $266.0M | 4.6% | $-4,293,736,000 | -73.5% |
| 2019 | $2.32B | +23815.3% | $-558,141,000 | -24.0% | $-3,780,574,000 | -162.9% |
| 2018 | $9.7M | - | $-2,361,000 | -24.3% | $-1,694,634,000 | -17459.7% |
Full Stock Analysis
Deep dive into XPEV consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
8+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
XPEV — Frequently Asked Questions
Quick answers to the most common questions about buying XPEV stock.
Is XPEV's revenue growth accelerating or slowing?
XPEV revenue growth is accelerating. TTM revenue reached $60.3B, up +125.3% year-over-year — ahead of the 5-year CAGR of +66.4%. This indicates the business is expanding faster than its historical baseline.
What is XPEV's revenue history from 2018 to 2026?
XPeng Inc. (XPEV) revenue history spans 2018 to 2026. TTM revenue as of 2026 is $60.3B, growing at +125.3% YoY. The 5-year CAGR is +66.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is XPEV's long-term revenue growth rate (CAGR)?
XPeng Inc.'s 5-year revenue CAGR of +66.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +125.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for XPEV.
Why does XPEV's quarterly revenue fluctuate?
XPEV quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. XPeng Inc.'s revenue data from 2018 to 2026 shows full historical quarterly detail on this page.
How is XPEV's revenue distributed by segment?
XPEV reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does XPEV's revenue compare to industry peers?
XPeng Inc. (XPEV) with TTM revenue of $60.3B and +125.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.