Xcel Energy (XEL) Net Margin (2009 - 2026)

Xcel Energy (XEL) posted Net Margin of 18.79% for Q2 2026, up 35.88% sequentially from 13.83% in Q1 2026, and up 528.0% YoY from 2.99% in Q2 2025.

Xcel Energy (XEL) Net Margin (2009 - 2026) Analysis & Trends

Xcel Energy has reported Net Margin for 18 years, with the latest figure at 18.79% in Q2 2026.

Quarterly Net Margin rose 528.0% year-over-year to 18.79% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 15.28% (up 43.0% YoY) and the FY2025 annual result came in at 13.76%, down 65.0% from the prior year.
Net Margin rose to 18.79% in Q2 2026 per XEL's latest filing, from 13.83% in the prior quarter.
Over five years, Net Margin peaked at 18.79% in Q2 2026 and troughed at 9.35% in Q4 2022.
A 5-year average of 13.29% and a median of 13.38% in 2024 frame the typical range for Net Margin.
The sharpest annual moves came in 2025 and 2026: Net Margin sank 533 bps in 2025, then soared 528 bps in 2026.
Over 5 years, Net Margin stood at 9.35% in 2022, then grew by 27 bps to 11.88% in 2023, then grew by 25 bps to 14.87% in 2024, then rose by 7 bps to 15.92% in 2025, then climbed by 18 bps to 18.79% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 18.79%, 13.83%, and 15.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	National Grid	79.32 Bn	75.51 Bn	-	-
2	Dominion Energy	59.15 Bn	58.36 Bn	3.50 Bn	7.37%
3	Xcel Energy	48.13 Bn	46.12 Bn	3.12 Bn	18.79%
4	Wec Energy	34.93 Bn	34.88 Bn	1.45 Bn	14.51%
5	Ameren	29.67 Bn	29.66 Bn	-	15.01%
6	Fortis	28.33 Bn	28.33 Bn	1.60 Bn	13.51%
7	Edison International	27.76 Bn	27.52 Bn	3.29 Bn	12.26%
8	Firstenergy	26.74 Bn	26.55 Bn	2.51 Bn	9.57%
9	Hydro One	24.05 Bn	23.66 Bn	-	-
10	Cms Energy	21.47 Bn	21.22 Bn	3.65 Bn	9.98%

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