Xcel Energy (XEL) Accumulated Expenses (2009 - 2026)
Xcel Energy's Accumulated Expenses came in at $501 million for Q3 2026, up 22.2% from $410 million a year earlier and up 30.1% from the prior quarter.
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Analysis
Xcel Energy (XEL) Accumulated Expenses (2009 - 2026) Analysis & Trends
At the end of FY2025, Xcel Energy's Accumulated Expenses was $337 million, up 20.4% from FY2024.
- Accumulated Expenses has increased in each of the last seven years, with a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- Going back by year, Accumulated Expenses was $280 million in FY2024 (+11.6%), $251 million in FY2023 (+15.7%), $217 million in FY2022 (+3.8%) and $209 million in FY2021 (+3.0%).
- The Q3 2026 figure represents the highest quarterly Accumulated Expenses in data going back to Q3 2009.
- Year-over-year, Accumulated Expenses has increased for 31 consecutive quarters, with growth averaging 18.3% over the last eight quarters.
- The year-over-year growth in Accumulated Expenses has ranged between 3.0% (Q4 2021) and 28.3% (Q2 2024) over the last five years.
- Business Quant data shows XEL's Accumulated Expenses at $385 million (Q2 2026), $419 million (Q1 2026) and $337 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nextera Energy | 182.70 Bn | 169.45 Bn | - |
| 2 | Southern | 104.81 Bn | 95.86 Bn | 5.92 Bn |
| 3 | Duke Energy | 100.11 Bn | 96.37 Bn | 5.66 Bn |
| 4 | National Grid | 82.78 Bn | 55.07 Bn | - |
| 5 | American Electric Power | 68.65 Bn | 66.45 Bn | 4.75 Bn |
| 6 | Dominion Energy | 60.66 Bn | 58.65 Bn | - |
| 7 | Entergy | 51.87 Bn | 38.31 Bn | - |
| 8 | Sempra | 51.35 Bn | 50.47 Bn | 2.89 Bn |
| 9 | Xcel Energy | 50.35 Bn | 43.82 Bn | - |
| 10 | Exelon | 47.08 Bn | 42.39 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 501.00 Mn |
| Jun 30, 2026 | 385.00 Mn |
| Mar 31, 2026 | 419.00 Mn |
| Dec 31, 2025 | 337.00 Mn |
| Sep 30, 2025 | 410.00 Mn |
| Jun 30, 2025 | 319.00 Mn |
| Mar 31, 2025 | 330.00 Mn |
| Dec 31, 2024 | 280.00 Mn |
| Sep 30, 2024 | 329.00 Mn |
| Jun 30, 2024 | 299.00 Mn |
| Mar 31, 2024 | 291.00 Mn |
| Dec 31, 2023 | 251.00 Mn |
| Sep 30, 2023 | 288.00 Mn |
| Jun 30, 2023 | 233.00 Mn |
| Mar 31, 2023 | 242.00 Mn |
| Dec 31, 2022 | 217.00 Mn |
| Sep 30, 2022 | 244.00 Mn |
| Jun 30, 2022 | 219.00 Mn |
| Mar 31, 2022 | 209.00 Mn |
| Dec 31, 2021 | 209.00 Mn |
API Access
Xcel Energy Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "XEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();