XPeng Inc. (XPEV) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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XPEV Revenue Growth
Revenue Breakdown (FY 2024)
XPEV's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
XPEV Revenue Analysis (2018–2024)
As of May 6, 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.
Looking at the longer-term picture, XPEV's 5-year compound annual growth rate (CAGR) stands at +77.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $40.87 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows XPEV's business is primarily driven by Vehicle (88%), and Service, Other (12%). With over half of revenue concentrated in Vehicle, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including NIO (+30.4% YoY), LI (-11.1% YoY), and RIVN (+10.4% YoY), XPEV has outperformed the peer group in terms of 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% | +77.5% | -16.3% | |
 NIO | $65.7B | +30.4% | +53.1% | -33.3% | |
 LI | $144.5B | -11.1% | +247.9% | 4.4% | |
 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 (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
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Start ComparisonXPEV — Frequently Asked Questions
Quick answers to the most common questions about buying XPEV stock.
Is XPEV's revenue growth accelerating or slowing?
XPEV revenue is accelerating at +125.3% year-over-year, exceeding the 5-year CAGR of +77.5%. TTM revenue reached $60.3B. Growth momentum has increased versus prior periods.
What is XPEV's long-term revenue growth rate?
XPeng Inc.'s 5-year revenue CAGR of +77.5% reflects the sustained expansion pattern. Current YoY growth of +125.3% is above this long-term average.
How is XPEV's revenue distributed by segment?
XPEV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.