Xcel Energy (XEL) Tax Rate (2009 - 2026)
Xcel Energy's (XEL) quarterly Tax Rate came in at 11.41% in Q2 2026, up 422.0% year-over-year from 2.19% in Q2 2025, and down 23.53% quarter-over-quarter from 9.23% in Q1 2026.
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Xcel Energy (XEL) Tax Rate (2009 - 2026) Analysis & Trends
Xcel Energy has disclosed Tax Rate across 18 years of filings, most recently posting 11.41% for Q2 2026.
- In Q2 2026, Tax Rate rose 422.0% year-over-year to 11.41%; the TTM figure through Jun 2026 stood at 11.54% (up 1297.0% YoY), while the FY2025 annual figure was 13.82%, up 1239.0% from the prior year.
- Tax Rate came in at 11.41% for Q2 2026 at Xcel Energy, down from 9.23% 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.
- Average Tax Rate over 5 years is 23.5%, with a median of 14.49% recorded in 2023.
- Year-over-year, Tax Rate tumbled 16548 bps in 2024 and jumped 14750 bps in 2025.
- Over 5 years, Tax Rate stood at 16.98% in 2022, then gained by 27 bps to 12.36% in 2023, then slumped by 1339 bps to 177.84% in 2024, then surged by 83 bps to 30.34% in 2025, then soared by 62 bps to 11.41% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 11.41% in Q2 2026, 9.23% in Q1 2026, and 30.34% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 307.79 Bn | 307.79 Bn | 890.00 Mn | -25.06% |
| 2 | Dominion Energy | 57.93 Bn | 61.83 Bn | 3.50 Bn | 16.49% |
| 3 | Xcel Energy | 47.28 Bn | 45.27 Bn | 3.12 Bn | -11.41% |
| 4 | Wec Energy | 34.52 Bn | 34.88 Bn | 1.45 Bn | 8.23% |
| 5 | Ameren | 29.47 Bn | 29.59 Bn | - | 14.13% |
| 6 | Firstenergy | 27.06 Bn | 28.36 Bn | 2.51 Bn | 20.72% |
| 7 | Hydro One | 22.94 Bn | 22.55 Bn | - | 15.58% |
| 8 | Edison International | 21.84 Bn | 21.60 Bn | 3.29 Bn | 16.89% |
| 9 | Cms Energy | 21.46 Bn | 21.85 Bn | 3.65 Bn | 24.03% |
| 10 | Connecticut Light & Power | 19.56 Bn | 19.60 Bn | 4.00 Bn | 25.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.41% |
| Mar 31, 2026 | -9.23% |
| Dec 31, 2025 | -30.34% |
| Sep 30, 2025 | 1.50% |
| Jun 30, 2025 | -15.63% |
| Mar 31, 2025 | -14.45% |
| Dec 31, 2024 | -177.84% |
| Sep 30, 2024 | 1.45% |
| Jun 30, 2024 | -41.12% |
| Mar 31, 2024 | -5.86% |
| Dec 31, 2023 | -12.36% |
| Sep 30, 2023 | 5.75% |
| Jun 30, 2023 | -44.00% |
| Mar 31, 2023 | -14.52% |
| Dec 31, 2022 | -16.98% |
| Sep 30, 2022 | 6.35% |
| Jun 30, 2022 | -29.13% |
| Mar 31, 2022 | -15.15% |
| Dec 31, 2021 | -20.23% |
| Sep 30, 2021 | 6.60% |