Xcel Energy Inc (XELLL) stock
XELLLNasdaqElectric & Other Services CombinedFiscal year ends December 31Also trades as XEL
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/308% above fair value
$20.85−0.05 (-0.24%)
Close on Oct 30, 2026Market cap $49.86BP/E 18.6Yield 2.86%
Xcel Energy operating margin
Operating margin is operating income as a percentage of revenue.
Xcel Energy's operating margin for the twelve months ending Sep 30, 2026 was 21.7%. For fiscal 2025 it was 17.6%, against 17.8% the year before. The highest annual figure on record is 20.2% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 17.6% | −0.1 |
| FY2024 | Dec 31, 2024 | 17.8% | +0.3 |
| FY2023 | Dec 31, 2023 | 17.5% | +1.6 |
| FY2022 | Dec 31, 2022 | 15.9% | −0.5 |
| FY2021 | Dec 31, 2021 | 16.4% | −2.0 |
| FY2020 | Dec 31, 2020 | 18.4% | +0.1 |
| FY2019 | Dec 31, 2019 | 18.2% | +1.2 |
| FY2018 | Dec 31, 2018 | 17.0% | −2.5 |
| FY2017 | Dec 31, 2017 | 19.5% | −0.7 |
| FY2016 | Dec 31, 2016 | 20.2% | +2.0 |
| FY2015 | Dec 31, 2015 | 18.1% | +1.5 |
| FY2014 | Dec 31, 2014 | 16.7% | −0.3 |
| FY2013 | Dec 31, 2013 | 16.9% | −1.1 |
| FY2012 | Dec 31, 2012 | 18.0% | +1.3 |
| FY2011 | Dec 31, 2011 | 16.7% | +1.0 |
| FY2010 | Dec 31, 2010 | 15.7% | +0.5 |
| FY2009 | Dec 31, 2009 | 15.2% | +2.8 |
| FY2008 | Dec 31, 2008 | 12.4% | −1.1 |
| FY2007 | Dec 31, 2007 | 13.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 28.5% | +9.4 |
| Q2 FY2026 | Jun 30, 2026 | 22.6% | +5.1 |
| Q1 FY2026 | Mar 31, 2026 | 18.8% | +1.4 |
| Q4 FY2025 | Dec 31, 2025 | 16.3% | +5.2 |
| Q3 FY2025 | Sep 30, 2025 | 19.1% | −5.9 |
| Q2 FY2025 | Jun 30, 2025 | 17.6% | +2.7 |
| Q1 FY2025 | Mar 31, 2025 | 17.3% | −1.3 |
| Q4 FY2024 | Dec 31, 2024 | 11.1% | −5.6 |
| Q3 FY2024 | Sep 30, 2024 | 25.0% | +0.0 |
| Q2 FY2024 | Jun 30, 2024 | 14.8% | +1.0 |
| Q1 FY2024 | Mar 31, 2024 | 18.6% | +4.6 |
| Q4 FY2023 | Dec 31, 2023 | 16.7% | +3.8 |
| Q3 FY2023 | Sep 30, 2023 | 25.0% | +2.4 |
| Q2 FY2023 | Jun 30, 2023 | 13.8% | +0.1 |
| Q1 FY2023 | Mar 31, 2023 | 14.0% | +0.4 |
| Q4 FY2022 | Dec 31, 2022 | 13.0% | −1.5 |
| Q3 FY2022 | Sep 30, 2022 | 22.6% | −1.2 |
| Q2 FY2022 | Jun 30, 2022 | 13.7% | −0.6 |
| Q1 FY2022 | Mar 31, 2022 | 13.6% | −0.7 |
| Q4 FY2021 | Dec 31, 2021 | 14.5% | +0.0 |
| Q3 FY2021 | Sep 30, 2021 | 23.8% | −1.8 |
| Q2 FY2021 | Jun 30, 2021 | 14.3% | −2.0 |
| Q1 FY2021 | Mar 31, 2021 | 14.3% | −1.9 |
| Q4 FY2020 | Dec 31, 2020 | 14.5% | −1.6 |
| Q3 FY2020 | Sep 30, 2020 | 25.5% | +0.4 |
| Q2 FY2020 | Jun 30, 2020 | 16.3% | +0.4 |
| Q1 FY2020 | Mar 31, 2020 | 16.2% | +0.7 |
| Q4 FY2019 | Dec 31, 2019 | 16.1% | +4.3 |
| Q3 FY2019 | Sep 30, 2019 | 25.2% | +2.3 |
| Q2 FY2019 | Jun 30, 2019 | 15.9% | −1.0 |
| Q1 FY2019 | Mar 31, 2019 | 15.5% | −0.8 |
| Q4 FY2018 | Dec 31, 2018 | 11.8% | −4.0 |
| Q3 FY2018 | Sep 30, 2018 | 22.8% | −4.5 |
| Q2 FY2018 | Jun 30, 2018 | 16.9% | −0.7 |
| Q1 FY2018 | Mar 31, 2018 | 16.3% | −0.4 |
| Q4 FY2017 | Dec 31, 2017 | 15.7% | −0.9 |
| Q3 FY2017 | Sep 30, 2017 | 27.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 17.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 16.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 16.6% | – |