Growth Metrics

Xcel Energy (XEL) Operating Margin (2016 - 2025)

Xcel Energy (XEL) has disclosed Operating Margin for 17 consecutive years, with 16.29% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 517.0% to 16.29% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 17.61% through Dec 2025, down 14.0% year-over-year, with the annual reading at 17.61% for FY2025, 14.0% down from the prior year.
  • Operating Margin hit 16.29% in Q4 2025 for Xcel Energy, down from 19.13% 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.
  • Historically, Operating Margin has averaged 16.96% across 5 years, with a median of 15.56% in 2024.
  • Biggest YoY gain for Operating Margin was 517bps in 2025; the steepest drop was -587bps in 2025.
  • Year by year, Operating Margin stood at 14.46% in 2021, then fell by -10bps to 12.95% in 2022, then rose by 29bps to 16.71% in 2023, then plummeted by -33bps to 11.12% in 2024, then skyrocketed by 46bps to 16.29% in 2025.
  • Business Quant data shows Operating Margin for XEL at 16.29% in Q4 2025, 19.13% in Q3 2025, and 17.55% in Q2 2025.