In this study, the elastic stress analysis of an adhesively-bonded tubular lap joint with functionally-graded Ni-Al2O3 adherends in tension was carried out using a 3D 8-node isoparametric multilayered finite element with 3 degrees-of-freedom at each node. Stress concentrations were observed along the edges of both outer and inner tubes in the overlap region. Thus, the outer tube region near the free edge of the inner tube and the inner tube region near the free edge of the outer tube experienced considerable stress concentrations. Normal sigma(zz) and shear sigma(rz) stresses were dominant among the stress components. In addition, both edges of the adhesive layer experience stress concentrations, and the von Mises sigma(eqv) Stress decreases uniformly across the adhesive thickness at the free edge of the outer tube, whereas it increases at the free edge of the inner tube. However, different compositional gradients had only a small effect on the through-the-thickness normal and shear stress profiles of both outer and inner tubes, and the peak von Mises sigma(eqv) stresses occurred inside the tube walls. As the ceramic phase in the material composition of the outer and inner tubes was increased, peak von Mises sigma(eqv) stress appeared in the ceramic layer. However, its magnitude was increased 1.75-fold in both tubes. In addition, the peak adhesive stresses appeared at the edge of the outer tube-adhesive interface near the free edge of the inner tube and at the edge of the inner tube-adhesive interface near the free edge of the outer tube. Increasing the ceramic phase in the material composition caused 1.22-1.67-times higher von Mises stresses along the free edges of the adhesive-tube interfaces. In addition, with increasing number of layers across the inner and outer tubes the profiles of the normal sigma(zz), shear sigma(r theta) and von Mises sigma(eqv) stresses across the tube walls and adhesive layer become similar. Increasing the ceramic phase in the material composition of the tubes causes also evident increases in the normal sigma(zz) and von Mises stresses while it does not affect their through-the-thickness profiles. However, it affects only shear sigma(r theta) and von Mises stresses across the adhesive layer. Finally, the layer number and the compositional gradient do not affect considerably through-the-thickness normal and shear stress profiles but levels in a functionally graded plate subjected to structural loads.