Xcel Energy revenue and financials

XEL · NASDAQ · USD

$72.27−0.63%−$0.46

Close · October 7, 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

$11.11B2016
$11.4B2017
$11.54B2018
$13.43B2021
$15.31B2022
$14.21B2023
$13.44B2024
$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 · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	3,119	4,021	3,561	3,915	3,287	3,906	3,120	3,644	3,028	3,649	3,442	3,662
Cost of revenue	1,464	2,217	1,940	1,856	1,728	—	—	—	—	—	—	—
Gross profit	1,655	1,804	1,621	2,059	1,559	—	—	—	—	—	—	—
Operating income	709	732	589	1,036	577	—	—	—	—	—	—	—
EBIT	708	730	594	1,042	581	681	351	917	455	684	655	954
EBITDA	1,397	1,524	1,373	1,829	1,334	1,444	1,086	1,634	1,194	1,368	1,314	1,607
Interest expense	398	372	364	348	322	—	—	—	—	—	—	—
Pre-tax income	526	509	435	532	384	422	167	692	214	461	364	696
Income tax	-60.0	-47.0	-132	8.0	-60.0	-61.0	-297	10.0	-88.0	-27.0	-45.0	40.0
Net income	586	556	567	524	444	483	464	682	302	488	409	656
Net income to common shareholders	586	556	567	524	444	483	464	682	302	488	409	656
Basic EPS	0.94	0.89	0.95	0.89	0.76	0.84	0.81	1.21	0.54	0.88	0.74	1.19
Diluted EPS	0.93	0.89	0.95	0.88	0.75	0.84	0.78	1.21	0.54	0.88	0.74	1.19
Average shares (basic)	625	624	595	592	586	575	575	564	557	556	554	552
Average shares (diluted)	627	626	597	595	588	577	576	565	557	556	554	552
Dividend per share	0.59	0.59	0.57	0.57	0.57	0.57	0.55	0.55	0.55	0.55	0.52	0.52