Xcel Energy (XEL) Operating Margin (2016 - 2026)
Xcel Energy's Operating Margin history spans 18 years, with the latest figure at 18.75% for Q1 2026.
- On a quarterly basis, Operating Margin rose 142.0% to 18.75% in Q1 2026 year-over-year; TTM through Mar 2026 was 17.99%, a 59.0% increase, with the full-year FY2025 number at 17.61%, down 14.0% from a year prior.
- Operating Margin hit 18.75% in Q1 2026 for Xcel Energy, up from 16.29% in the prior quarter.
- Over the last five years, Operating Margin for XEL hit a ceiling of 25.0% in Q3 2024 and a floor of 11.12% in Q4 2024.
- Historically, Operating Margin has averaged 17.12% across 5 years, with a median of 16.71% in 2023.
- The widest YoY moves for Operating Margin: up 517bps in 2025, down -587bps in 2025.
- Tracing XEL's Operating Margin over 5 years: stood at 12.95% in 2022, then increased by 29bps to 16.71% in 2023, then crashed by -33bps to 11.12% in 2024, then soared by 46bps to 16.29% in 2025, then increased by 15bps to 18.75% in 2026.
- Business Quant data shows Operating Margin for XEL at 18.75% in Q1 2026, 16.29% in Q4 2025, and 19.13% in Q3 2025.