Xcel Energy (XEL) Operating Margin (2009 - 2026)
Xcel Energy recorded quarterly Operating Margin of 18.75% in Q1 2026, up 15.13% quarter-over-quarter from 16.29% in Q4 2025, and up 142.0% year-over-year from 7.75% in Q1 2025.
Xcel Energy's Operating Margin history runs 18 years deep, the most recent figure standing at 18.75% for Q1 2026.
- In Q1 2026, Operating Margin rose 142.0% year-over-year to 18.75%; the TTM figure through Mar 2026 stood at 17.99% (up 59.0% YoY), while the FY2025 annual figure was 17.61%, down 14.0% from the prior year.
- Operating Margin came in at 18.75% for Q1 2026 at Xcel Energy, up from 16.29% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 25.0% in Q3 2024 to a low of 11.12% in Q4 2024.
- A 5-year average of 17.12% and a median of 16.71% in 2023 frame the typical range for Operating Margin.
- On a YoY basis, Operating Margin climbed as much as 517 bps in 2025 and fell as far as 587 bps in 2025.
- Xcel Energy's Operating Margin stood at 12.95% in 2022, then increased by 29 bps to 16.71% in 2023, then sank by 33 bps to 11.12% in 2024, then soared by 46 bps to 16.29% in 2025, then advanced by 15 bps to 18.75% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 18.75%, 16.29%, and 19.13% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 645.09 Bn | 644.83 Bn | 1.70 Bn | 28.06% |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | 93.74% |
| 3 | Dominion Energy | 56.77 Bn | 60.97 Bn | 4.03 Bn | 27.73% |
| 4 | Xcel Energy | 47.77 Bn | 45.88 Bn | 3.35 Bn | 18.75% |
| 5 | Wec Energy | 35.40 Bn | 35.76 Bn | 2.83 Bn | 28.54% |
| 6 | Ameren | 29.12 Bn | 29.24 Bn | 1.69 Bn | 24.45% |
| 7 | Korea Electric Power | 28.73 Bn | 13.96 Bn | - | - |
| 8 | Energy Co Of Parana | 27.30 Bn | 26.65 Bn | - | - |
| 9 | Edison International | 26.69 Bn | 26.53 Bn | 3.85 Bn | 52.79% |
| 10 | Firstenergy | 26.26 Bn | 27.64 Bn | 2.74 Bn | 19.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.75% |
| Dec 31, 2025 | 16.29% |
| Sep 30, 2025 | 19.13% |
| Jun 30, 2025 | 17.55% |
| Mar 31, 2025 | 17.33% |
| Dec 31, 2024 | 11.12% |
| Sep 30, 2024 | 25.00% |
| Jun 30, 2024 | 14.83% |
| Mar 31, 2024 | 18.61% |
| Dec 31, 2023 | 16.71% |
| Sep 30, 2023 | 24.99% |
| Jun 30, 2023 | 13.83% |
| Mar 31, 2023 | 14.04% |
| Dec 31, 2022 | 12.95% |
| Sep 30, 2022 | 22.64% |
| Jun 30, 2022 | 13.70% |
| Mar 31, 2022 | 13.60% |
| Dec 31, 2021 | 14.46% |
| Sep 30, 2021 | 23.80% |
| Jun 30, 2021 | 14.28% |
| Mar 31, 2021 | 14.32% |
| Dec 31, 2020 | 14.46% |
| Sep 30, 2020 | 25.55% |
| Jun 30, 2020 | 16.32% |
| Mar 31, 2020 | 16.19% |
| Dec 31, 2019 | 16.08% |
| Sep 30, 2019 | 25.16% |
| Jun 30, 2019 | 15.91% |
| Mar 31, 2019 | 15.47% |
| Dec 31, 2018 | 11.77% |
| Sep 30, 2018 | 22.83% |
| Jun 30, 2018 | 16.93% |
| Mar 31, 2018 | 16.27% |
| Dec 31, 2017 | 15.74% |
| Sep 30, 2017 | 27.31% |
| Jun 30, 2017 | 17.62% |
| Mar 31, 2017 | 16.70% |
| Dec 31, 2016 | 16.64% |
| Sep 30, 2016 | 27.20% |
| Jun 30, 2016 | 17.28% |
| Mar 31, 2016 | 17.68% |
| Dec 31, 2015 | 16.67% |
| Sep 30, 2015 | 27.08% |
| Jun 30, 2015 | 16.81% |
| Mar 31, 2015 | 11.84% |
| Dec 31, 2014 | 13.36% |
| Sep 30, 2014 | 23.20% |
| Jun 30, 2014 | 14.79% |
| Mar 31, 2014 | 15.42% |
| Dec 31, 2013 | 11.92% |
| Sep 30, 2013 | 23.57% |
| Jun 30, 2013 | 15.60% |
| Mar 31, 2013 | 16.34% |
| Dec 31, 2012 | 12.40% |
| Sep 30, 2012 | 26.44% |
| Jun 30, 2012 | 17.84% |
| Mar 31, 2012 | 14.75% |
| Dec 31, 2011 | 13.39% |
| Sep 30, 2011 | 23.01% |
| Jun 30, 2011 | 14.74% |
| Mar 31, 2011 | 15.15% |
| Dec 31, 2010 | 12.56% |
| Sep 30, 2010 | 21.63% |
| Jun 30, 2010 | 14.10% |
| Mar 31, 2010 | 14.38% |
| Dec 31, 2009 | 13.49% |
| Sep 30, 2009 | 20.10% |
| Jun 30, 2009 | 13.86% |
| Mar 31, 2009 | 13.76% |