Xcel Energy (XEL) Tax Rate (2009 - 2026)

Xcel Energy has disclosed Tax Rate across 18 years of filings, most recently posting 9.23% for Q1 2026.

• Tax Rate for Q1 2026 came in at 9.23%, up 522.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.42% (up 1674.0% YoY), and the FY2025 annual result was 13.82%, up 1239.0% from the prior year.
• Tax Rate came in at 9.23% for Q1 2026 at Xcel Energy, up from 30.34% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 6.35% in Q3 2022 to a low of 177.84% in Q4 2024.
• The 5-year median for Tax Rate is 14.52% (2023), against an average of 24.21%.
• Across the five-year window, Tax Rate plunged 16548 bps in 2024 and soared 14750 bps in 2025, its largest moves.
• Xcel Energy's Tax Rate stood at 16.98% in 2022, then gained by 27 bps to 12.36% in 2023, then plunged by 1339 bps to 177.84% in 2024, then surged by 83 bps to 30.34% in 2025, then soared by 70 bps to 9.23% in 2026.
• The last three Tax Rate figures came in at 9.23% (Q1 2026), 30.34% (Q4 2025), and 1.5% (Q3 2025), per Business Quant data.