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

Xcel Energy has disclosed Net Margin across 18 years of filings, most recently posting 13.83% for Q1 2026.

• Net Margin for Q1 2026 came in at 13.83%, up 146.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.14% (up 5.0% YoY), and the FY2025 annual result was 13.76%, down 65.0% from the prior year.
• Net Margin came in at 13.83% for Q1 2026 at Xcel Energy, down from 15.92% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 18.72% in Q3 2024 to a low of 9.35% in Q4 2022.
• The 5-year median for Net Margin is 13.37% (2024), against an average of 12.97%.
• Peak annual rise in Net Margin reached 353 bps in 2025, while the deepest fall reached 533 bps in 2025.
• Xcel Energy's Net Margin stood at 9.35% in 2022, then advanced by 27 bps to 11.88% in 2023, then advanced by 25 bps to 14.87% in 2024, then grew by 7 bps to 15.92% in 2025, then dropped by 13 bps to 13.83% in 2026.
• The last three Net Margin figures came in at 13.83% (Q1 2026), 15.92% (Q4 2025), and 13.38% (Q3 2025), per Business Quant data.