NIO (MEX:NION) Total Operating Expense: MXN61,692 Mil (TTM As of Mar. 2026)


MEX:NION NIO Inc MEX:NION
77 GF Score
Price MXN89.38
GF Value MXN130.12
Valuation Possible Value Trap
! 3 Warning Signs
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What is NIO Total Operating Expense?

NIO MEX:NION +1.56% 77 Total Operating Expense is MXN61,692 Mil as of Mar. 2026. GuruFocus rates MEX:NION with a GF Score™ of 77/100 and a GF Value™ of MXN130.12 (Possible Value Trap). The stock has 3 warning signs investors should review.

NIO's Total Operating Expense for the three months ended in Mar. 2026 was MXN13,522 Mil. NIO's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN61,692 Mil.

NIO Total Operating Expense Related Terms

NIO Total Operating Expense Historical Data

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The historical data trend for NIO's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NIO Total Operating Expense Chart

NIO Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 36,451.74 58,123.21 61,112.67 81,257.32 66,358.04

NIO Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20,707.62 17,848.41 16,857.28 13,464.37 13,521.58
MEX:NION
77GF Score
NIO Inc MEX:NION
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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NIO Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN61,692 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of MXN61,692 Mil mean?
NIO (MEX:NION) has a Total Operating Expense of MXN61,692 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on NIO and its competitors.
Is NIO's Total Operating Expense too high?
NIO's current Total Operating Expense is MXN61,692 Mil. Overall, NIO has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NIO's Total Operating Expense compare to LI and XPEV?
NIO's Total Operating Expense of MXN61,692 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Vehicles & Parts company?
A good Total Operating Expense depends on the Vehicles & Parts industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on NIO and its competitors. NIO's current Total Operating Expense is MXN61,692 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIO stock overvalued right now?
Based on GuruFocus' analysis, NIO (MEX:NION) is currently considered Possible Value Trap. The stock's GF Value™ is MXN130.12, compared to a current price of MXN89.38 — trading 31.3% below its estimated fair value. The current Total Operating Expense is MXN61,692 Mil. NIO's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For NIO (MEX:NION), the current Total Operating Expense is MXN61,692 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NIO (MEX:NION) Overvalued in 2026?

Based on GuruFocus' analysis, NIO stock appears to be undervalued. The current stock price of MXN89.38 is trading 31.3% below its estimated GF Value™ of MXN130.12. GuruFocus considers NIO to be Possible Value Trap.

Key valuation signals for MEX:NION:

  • Total Operating Expense: MXN61,692 Mil
  • GF Value™: MXN130.12 vs. price of MXN89.38 (31.3% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the MEX:NION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NIO Business Description

Address No. 1355, Caobao Road, Building 19, Minhang District, Shanghai, CHN
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations, such as battery swapping and autonomous driving. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 326,000 EVs in 2025, accounting for about 2% of China's passenger new energy vehicle market.
77GF Score

Get the complete analysis for MEX:NION

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN89.38
Price
MXN130.12
GF Value