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

Xcel Energy (XEL) posted Tax Rate of 11.41% for Q2 2026, down 23.53% sequentially from 9.23% in Q1 2026, and up 422.0% YoY from 2.19% in Q2 2025.

Xcel Energy (XEL) Tax Rate (2009 - 2026) Analysis & Trends

Xcel Energy has reported Tax Rate for 18 years, with the latest figure at 11.41% in Q2 2026.

Quarterly Tax Rate rose 422.0% year-over-year to 11.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 11.54% (up 1297.0% YoY) and the FY2025 annual result came in at 13.82%, up 1239.0% from the prior year.
Tax Rate retreated to 11.41% in Q2 2026 per XEL's latest filing, from 9.23% in the prior quarter.
Over five years, Tax Rate peaked at 6.35% in Q3 2022 and troughed at 177.84% in Q4 2024.
A 5-year average of 23.5% and a median of 14.49% in 2023 frame the typical range for Tax Rate.
The sharpest annual moves came in 2024 and 2025: Tax Rate plunged 16548 bps in 2024, then surged 14750 bps in 2025.
Over 5 years, Tax Rate stood at 16.98% in 2022, then climbed by 27 bps to 12.36% in 2023, then plunged by 1339 bps to 177.84% in 2024, then jumped by 83 bps to 30.34% in 2025, then surged by 62 bps to 11.41% in 2026.
According to Business Quant data, Tax Rate over the past three periods registered 11.41%, 9.23%, and 30.34% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	National Grid	79.78 Bn	75.97 Bn	-	-
2	Dominion Energy	59.31 Bn	58.52 Bn	3.50 Bn	16.49%
3	Xcel Energy	49.23 Bn	47.22 Bn	3.12 Bn	-11.41%
4	Wec Energy	35.31 Bn	35.26 Bn	1.45 Bn	8.23%
5	Ameren	30.14 Bn	30.13 Bn	-	14.13%
6	Edison International	28.79 Bn	28.54 Bn	3.29 Bn	16.89%
7	Fortis	28.70 Bn	28.70 Bn	1.60 Bn	14.18%
8	Firstenergy	27.31 Bn	27.12 Bn	2.51 Bn	20.72%
9	Hydro One	24.05 Bn	23.66 Bn	-	15.58%
10	Cms Energy	21.67 Bn	21.43 Bn	3.65 Bn	24.03%

Download Data