Xcel Energy Inc (XEL) Financial Statements
Industry: Electric & Other Services Combined
In fiscal 2025, Xcel Energy reported revenue of $14.67B, up 9.1% from $13.44B the year before. Net income was $2.02B (a 13.8% net margin), or $3.42 per diluted share. Gross margin was 17.6% and operating margin was 17.6%. Operating activities generated $4.08B of cash, leaving -$6.83B of free cash flow. At fiscal year end, Xcel Energy held $81.37B in total assets against $57.76B in total liabilities.
Open the full interactive Xcel Energy financials → Quarterly statements, key ratios, valuation history and price charts.
Xcel Energy Key Stats
| Share Price | $74.64 |
|---|---|
| Market Cap | $46.80B |
| P/E Ratio | 21.8 |
| Dividend Yield | 2.92% |
| Revenue YoY Growth | +9.1% |
| 52-Week Range | $69.39 – $82.01 |
| Shares Outstanding | 625.0 million (basic, 2026 Q2) |
Xcel Energy Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $11.53B | $13.43B | $15.31B | $14.21B | $13.44B | $14.67B |
| Cost of Goods Sold | $9.41B | $11.23B | $12.88B | $11.72B | $11.05B | $12.09B |
| Gross Profit | $2.12B | $2.20B | $2.43B | $2.48B | $2.39B | $2.58B |
| Operating Income | $2.12B | $2.20B | $2.43B | $2.48B | $2.39B | $2.58B |
| Pre-Tax Income | $1.47B | $1.53B | $1.60B | $1.62B | $1.53B | $1.77B |
| Income Tax | -$6.0M | -$70.0M | -$135.0M | -$146.0M | -$402.0M | -$245.0M |
| Net Income | $1.47B | $1.60B | $1.74B | $1.77B | $1.94B | $2.02B |
| Diluted EPS | $2.79 | $2.96 | $3.17 | $3.21 | $3.44 | $3.42 |
Xcel Energy Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $3.92B | $3.56B | $4.02B | $3.12B |
| Net Income | $524.0M | $567.0M | $556.0M | $586.0M |
| Diluted EPS | $0.88 | $0.96 | $0.89 | $0.93 |
Xcel Energy Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $129.0M | — | — | — | — | — |
| Current Assets | $3.27B | $4.24B | $5.14B | $4.07B | $4.33B | $5.01B |
| Total Assets | $53.96B | $57.85B | $61.19B | $64.08B | $70.03B | $81.37B |
| Current Liabilities | $4.24B | $5.05B | $6.08B | $5.65B | $6.46B | $7.09B |
| Total Long-Term Debt | $20.07B | $22.38B | $23.96B | $25.46B | $28.42B | $31.83B |
| Total Liabilities | $39.38B | $42.24B | $44.51B | $46.46B | $50.51B | $57.76B |
| Shareholders' Equity | $14.57B | $15.61B | $16.68B | $17.62B | $19.52B | $23.61B |
Xcel Energy Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.85B | $2.19B | $3.93B | $5.33B | $4.64B | $4.08B |
| Cash From Investing | -$4.74B | -$4.29B | -$4.65B | -$5.93B | -$7.43B | -$10.97B |
| Cash From Financing | $1.77B | $2.13B | $666.0M | $617.0M | $2.84B | $6.98B |
| Free Cash Flow | -$2.52B | -$2.06B | -$706.0M | -$527.0M | -$2.72B | -$6.83B |
| Dividends Paid | $856.0M | $935.0M | $1.01B | $1.09B | $1.18B | $1.28B |
Figures from Xcel Energy's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Xcel Energy financials page for every line item.
Xcel Energy Company Profile
| Ticker | XEL |
|---|---|
| Exchange | Nasdaq |
| Industry | Electric & Other Services Combined |
| Headquarters | Minneapolis, Minnesota |
| Incorporated in | Minnesota |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000072903 |
Frequently Asked Questions
What was Xcel Energy's revenue in fiscal 2025?
Xcel Energy (XEL) reported revenue of $14.67B for fiscal 2025.
What is Xcel Energy's annual revenue history?
Xcel Energy's annual revenue by fiscal year: 2020: $11.53B; 2021: $13.43B; 2022: $15.31B; 2023: $14.21B; 2024: $13.44B; 2025: $14.67B.
What was Xcel Energy's net income in fiscal 2025?
Xcel Energy reported net income of $2.02B for fiscal 2025.
What was Xcel Energy's earnings per share (EPS) in fiscal 2025?
Xcel Energy's diluted EPS was $3.42 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Xcel Energy generate in fiscal 2025?
Xcel Energy generated -$6.83B of free cash flow in fiscal 2025.
What was Xcel Energy's revenue last quarter?
In its most recent reported quarter (2026 Q2), Xcel Energy reported revenue of $3.12B.
How much debt does Xcel Energy have?
Xcel Energy reported $31.83B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Xcel Energy are outstanding?
Xcel Energy reported a weighted average of 625.0 million basic shares outstanding in 2026 Q2.
What is Xcel Energy's market cap?
Based on its latest closing price, Xcel Energy (XEL) has a market capitalization of about $46.80B.
When does Xcel Energy's fiscal year end?
Xcel Energy's fiscal year end, as registered with the SEC, is December 31.
Where is Xcel Energy headquartered?
Xcel Energy lists its business address in Minneapolis, Minnesota in its SEC filings.