Xcel Energy Inc (XEL) Net Margin (2009 - 2026)
Xcel Energy (XEL) reported Net Margin of 18.79% for Q2 2026, up 5.28 percentage points from 13.51% a year earlier and up 4.96 percentage points from the prior quarter.
Powered by 
Analysis
Xcel Energy Inc (XEL) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Xcel Energy's Net Margin came in at 15.28%, up 0.43 percentage points year-over-year; for FY2025, it came in at 13.76%, down 0.65 percentage points from FY2024.
- Net Margin has a five-year change of +0.98 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 14.40% in FY2024 (+1.94 pp), 12.47% in FY2023 (+1.13 pp), 11.34% in FY2022 (-0.55 pp) and 11.89% in FY2021 (-0.89 pp).
- The Q2 2026 figure ranks as the highest quarterly Net Margin since Q3 2020.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of +1.10 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q2 2026 (a gain of 5.28 percentage points); the low point was Q3 2025 (a drop of 5.33 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.83% (Q1 2026), 15.92% (Q4 2025) and 13.38% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.79% |
| Mar 31, 2026 | 13.83% |
| Dec 31, 2025 | 15.92% |
| Sep 30, 2025 | 13.38% |
| Jun 30, 2025 | 13.51% |
| Mar 31, 2025 | 12.37% |
| Dec 31, 2024 | 14.87% |
| Sep 30, 2024 | 18.72% |
| Jun 30, 2024 | 9.97% |
| Mar 31, 2024 | 13.37% |
| Dec 31, 2023 | 11.88% |
| Sep 30, 2023 | 17.91% |
| Jun 30, 2023 | 9.53% |
| Mar 31, 2023 | 10.25% |
| Dec 31, 2022 | 9.35% |
| Sep 30, 2022 | 15.90% |
| Jun 30, 2022 | 9.58% |
| Mar 31, 2022 | 10.13% |
| Dec 31, 2021 | 9.77% |
| Sep 30, 2021 | 17.57% |
API Access
Xcel Energy Inc Net Margin 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=net-margin&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();