Xcel Energy revenue and financials

XEL · NASDAQ · USD

$71.49Change from previous close: +0.13%Absolute change: +$0.09

Close · October 5, 2026

In the fiscal year ended December 2025, Xcel Energy reported revenue of $14.67B (+9.14% year over year). Net income was $2.02B, a net margin of 13.8%.

Annual revenue · 2025: $14.67B
  1. $11.11B2016
  2. $11.4B2017
  3. $11.54B2018
  4. $15.31B2022
  5. $14.21B2023
  6. $13.44B2024
  7. $14.67B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+9.14%
2025 vs 2024
Net income growth
+4.24%
2025 vs 2024
Net margin
13.8%
2024: 14.4%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item2025202420232022202120202019201820172016
Total revenue14,66913,44114,20615,310———11,53711,40411,107
Cost of revenue7,7457,2938,2279,450———3,8543,7573,718
Gross profit6,9246,1485,9795,860——————
Operating income2,5832,3862,4812,4282,2032,1162,1041,9652,2232,240
EBIT3,1162,7162,6292,526——————
EBITDA6,1985,5915,1965,080——————
Interest expense1,4681,2551,055953842840773700663647
Pre-tax income1,7731,5341,6251,601——————
Income tax-245-402-146-135-70.0-6.0128181542581
Net income2,0181,9361,7711,7361,5971,4731,3721,2611,1481,123
Net income to common shareholders2,0181,9361,7711,736——————
Basic EPS3.443.443.213.182.962.792.642.472.262.21
Diluted EPS3.423.443.213.172.962.792.642.472.252.21
Average shares (basic)587563552547——————
Average shares (diluted)589563552547540528520511509509