Xcel Energy (XEL) Tax Rate (2009 - 2026)
Xcel Energy (XEL) reported Tax Rate of 9.23% for Q1 2026, up 522.0% on a YoY basis from 1.48% in Q1 2025, and up 69.57% sequentially from 30.34% in Q4 2025.
Xcel Energy (XEL) Tax Rate (2009 - 2026) Analysis & Trends
Xcel Energy (XEL) has 18 years of Tax Rate data on file, last reported at 9.23% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 522.0% year-over-year to 9.23%; the trailing twelve-month figure through Mar 2026 stood at 12.42% (up 1674.0% YoY), and the FY2025 full-year result was 13.82%, up 1239.0% from the prior year.
- Tax Rate grew to 9.23% in Q1 2026, 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.
- A 5-year average of 24.21% and a median of 14.52% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate slumped 16548 bps in 2024 and soared 14750 bps in 2025, its largest moves.
- Tracing XEL's Tax Rate over 5 years: stood at 16.98% in 2022, then rose by 27 bps to 12.36% in 2023, then sank by 1339 bps to 177.84% in 2024, then jumped by 83 bps to 30.34% in 2025, then surged by 70 bps to 9.23% in 2026.
- Business Quant data shows XEL's Tax Rate at 9.23% in Q1 2026, 30.34% in Q4 2025, and 1.5% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 16.62% |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 18.78% |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | -9.23% |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 6.18% |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 14.35% |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 26.18% |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 22.85% |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | 9.43% |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 23.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.23% |
| Mar 31, 2026 | -9.23% |
| Mar 31, 2026 | -9.23% |
| Dec 31, 2025 | -30.34% |
| Dec 31, 2025 | -30.34% |
| Dec 31, 2025 | -30.34% |
| Sep 30, 2025 | 1.50% |
| Sep 30, 2025 | 1.50% |
| Sep 30, 2025 | 1.50% |
| Jun 30, 2025 | -15.63% |
| Jun 30, 2025 | -15.63% |
| Jun 30, 2025 | -15.63% |
| Mar 31, 2025 | -14.45% |
| Mar 31, 2025 | -14.45% |
| Mar 31, 2025 | -14.45% |
| Dec 31, 2024 | -177.84% |
| Dec 31, 2024 | -177.84% |
| Dec 31, 2024 | -177.84% |
| Sep 30, 2024 | 1.45% |
| Sep 30, 2024 | 1.45% |