Xcel Energy Inc (XEL) Operating Income (2009 - 2026)
Xcel Energy (XEL) recorded Operating Income of $706 million in Q2 2026, up 22.4% from $577 million a year earlier but down 6.4% from the prior quarter.
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Analysis
Xcel Energy Inc (XEL) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Xcel Energy's Operating Income came in at $2.79 billion as of Jun 30, 2026, up 11.0% year-over-year; for FY2025, it was $2.58 billion, up 8.3% from FY2024.
- Annual Operating Income has a five-year compound annual growth rate of 4.1% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $2.39 billion in FY2024 (-3.8%), $2.48 billion in FY2023 (+2.2%), $2.43 billion in FY2022 (+10.2%) and $2.2 billion in FY2021 (+4.1%).
- Quarterly Operating Income has ranged from $347 million in Q4 2024 to $924 million in Q3 2022 over the past five years.
- On a year-over-year basis, Operating Income has increased for three consecutive quarters, with growth averaging 8.9% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 67.1% in Q4 2025, against a decline of 39.7% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $754 million (Q1 2026), $580 million (Q4 2025) and $749 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 706.00 Mn |
| Mar 31, 2026 | 754.00 Mn |
| Dec 31, 2025 | 580.00 Mn |
| Sep 30, 2025 | 749.00 Mn |
| Jun 30, 2025 | 577.00 Mn |
| Mar 31, 2025 | 677.00 Mn |
| Dec 31, 2024 | 347.00 Mn |
| Sep 30, 2024 | 911.00 Mn |
| Jun 30, 2024 | 449.00 Mn |
| Mar 31, 2024 | 679.00 Mn |
| Dec 31, 2023 | 575.00 Mn |
| Sep 30, 2023 | 915.00 Mn |
| Jun 30, 2023 | 418.00 Mn |
| Mar 31, 2023 | 573.00 Mn |
| Dec 31, 2022 | 525.00 Mn |
| Sep 30, 2022 | 924.00 Mn |
| Jun 30, 2022 | 469.00 Mn |
| Mar 31, 2022 | 510.00 Mn |
| Dec 31, 2021 | 426.00 Mn |
| Sep 30, 2021 | 825.00 Mn |
API Access
Xcel Energy Inc Operating Income 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=operating-income&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();