Growth Metrics

Xcel Energy (XEL) Tax Rate (2016 - 2026)

Xcel Energy's Tax Rate history spans 18 years, with the latest figure at 9.23% for Q1 2026.

  • On a quarterly basis, Tax Rate rose 522.0% to 9.23% in Q1 2026 year-over-year; TTM through Mar 2026 was 12.42%, a 1674.0% increase, with the full-year FY2025 number at 13.82%, up 1239.0% from a year prior.
  • Tax Rate hit 9.23% in Q1 2026 for Xcel Energy, up from 30.34% in the prior quarter.
  • Over the last five years, Tax Rate for XEL hit a ceiling of 6.35% in Q3 2022 and a floor of 177.84% in Q4 2024.
  • Historically, Tax Rate has averaged 24.21% across 5 years, with a median of 14.52% in 2023.
  • Biggest five-year swings in Tax Rate: plummeted -16548bps in 2024 and later surged 14750bps in 2025.
  • Tracing XEL's Tax Rate over 5 years: stood at 16.98% in 2022, then increased by 27bps to 12.36% in 2023, then plummeted by -1339bps to 177.84% in 2024, then soared by 83bps to 30.34% in 2025, then skyrocketed by 70bps to 9.23% in 2026.
  • Business Quant data shows Tax Rate for XEL at 9.23% in Q1 2026, 30.34% in Q4 2025, and 1.5% in Q3 2025.