Xcel Energy (XEL) Tax Rate (2009 - 2026)
Xcel Energy recorded quarterly Tax Rate of 9.23% in Q1 2026, up 69.57% quarter-over-quarter from 30.34% in Q4 2025, and up 522.0% year-over-year from 1.48% in Q1 2025.
Xcel Energy's Tax Rate history runs 18 years deep, the most recent figure standing at 9.23% for Q1 2026.
- In Q1 2026, Tax Rate rose 522.0% year-over-year to 9.23%; the TTM figure through Mar 2026 stood at 12.42% (up 1674.0% YoY), while the FY2025 annual figure 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.
- 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 tumbled 16548 bps in 2024 and jumped 14750 bps in 2025, its largest moves.
- Xcel Energy's Tax Rate stood at 16.98% in 2022, then advanced by 27 bps to 12.36% in 2023, then tumbled by 1339 bps to 177.84% in 2024, then soared by 83 bps to 30.34% in 2025, then jumped by 70 bps to 9.23% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 9.23%, 30.34%, and 1.5% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 645.09 Bn | 644.83 Bn | 1.70 Bn | 16.62 |
| 2 | Enel Chile | 264.22 Bn | 263.80 Bn | 1.12 Bn | - |
| 3 | Dominion Energy | 56.77 Bn | 60.97 Bn | 4.03 Bn | 5.15 |
| 4 | Xcel Energy | 47.77 Bn | 45.88 Bn | 3.35 Bn | -9.23 |
| 5 | Wec Energy | 35.40 Bn | 35.76 Bn | 2.83 Bn | 6.18 |
| 6 | Ameren | 29.12 Bn | 29.24 Bn | 1.69 Bn | 14.35 |
| 7 | Korea Electric Power | 28.73 Bn | 13.96 Bn | - | - |
| 8 | Energy Co Of Parana | 27.30 Bn | 26.65 Bn | - | - |
| 9 | Edison International | 26.69 Bn | 26.53 Bn | 3.85 Bn | 26.18 |
| 10 | Firstenergy | 26.26 Bn | 27.64 Bn | 2.74 Bn | 22.85 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.23 |
| Mar 31, 2026 | -9.23 |
| Dec 31, 2025 | -30.34 |
| Dec 31, 2025 | -30.34 |
| Sep 30, 2025 | 1.50 |
| Sep 30, 2025 | 1.50 |
| Jun 30, 2025 | -15.63 |
| Jun 30, 2025 | -15.63 |
| Mar 31, 2025 | -14.45 |
| Mar 31, 2025 | -14.45 |
| Dec 31, 2024 | -177.84 |
| Dec 31, 2024 | -177.84 |
| Sep 30, 2024 | 1.45 |
| Sep 30, 2024 | 1.45 |
| Jun 30, 2024 | -41.12 |
| Jun 30, 2024 | -41.12 |
| Mar 31, 2024 | -5.86 |
| Mar 31, 2024 | -5.86 |
| Dec 31, 2023 | -12.36 |
| Dec 31, 2023 | -12.36 |
| Sep 30, 2023 | 5.75 |
| Sep 30, 2023 | 5.75 |
| Jun 30, 2023 | -44.00 |
| Jun 30, 2023 | -44.00 |
| Mar 31, 2023 | -14.52 |
| Mar 31, 2023 | -14.52 |
| Dec 31, 2022 | -16.98 |
| Dec 31, 2022 | -16.98 |
| Sep 30, 2022 | 6.35 |
| Sep 30, 2022 | 6.35 |
| Jun 30, 2022 | -29.13 |
| Jun 30, 2022 | -29.13 |
| Mar 31, 2022 | -15.15 |
| Mar 31, 2022 | -15.15 |
| Dec 31, 2021 | -20.23 |
| Dec 31, 2021 | -20.23 |
| Sep 30, 2021 | 6.60 |
| Sep 30, 2021 | 6.60 |
| Jun 30, 2021 | -13.92 |
| Jun 30, 2021 | -13.92 |
| Mar 31, 2021 | -6.47 |
| Mar 31, 2021 | -6.47 |
| Dec 31, 2020 | -11.63 |
| Dec 31, 2020 | -11.63 |
| Sep 30, 2020 | 6.66 |
| Sep 30, 2020 | 6.66 |
| Jun 30, 2020 | -4.74 |
| Jun 30, 2020 | -4.74 |
| Mar 31, 2020 | -2.08 |
| Mar 31, 2020 | -2.08 |
| Dec 31, 2019 | 2.34 |
| Dec 31, 2019 | 2.34 |
| Sep 30, 2019 | 12.02 |
| Sep 30, 2019 | 12.02 |
| Jun 30, 2019 | 9.16 |
| Jun 30, 2019 | 9.16 |
| Mar 31, 2019 | 7.35 |
| Mar 31, 2019 | 7.35 |
| Dec 31, 2018 | -2.88 |
| Dec 31, 2018 | -2.88 |
| Sep 30, 2018 | 12.94 |
| Sep 30, 2018 | 12.94 |
| Jun 30, 2018 | 16.93 |
| Jun 30, 2018 | 16.93 |
| Mar 31, 2018 | 16.86 |
| Mar 31, 2018 | 16.86 |
| Dec 31, 2017 | 38.44 |
| Dec 31, 2017 | 38.44 |
| Sep 30, 2017 | 29.41 |
| Sep 30, 2017 | 29.41 |
| Jun 30, 2017 | 31.00 |
| Jun 30, 2017 | 31.00 |
| Mar 31, 2017 | 32.87 |
| Mar 31, 2017 | 32.87 |
| Dec 31, 2016 | 32.54 |
| Dec 31, 2016 | 32.54 |
| Sep 30, 2016 | 34.24 |
| Sep 30, 2016 | 34.24 |
| Jun 30, 2016 | 34.66 |
| Jun 30, 2016 | 34.66 |
| Mar 31, 2016 | 34.77 |
| Mar 31, 2016 | 34.77 |
| Dec 31, 2015 | 34.64 |
| Dec 31, 2015 | 34.64 |
| Sep 30, 2015 | 35.92 |
| Sep 30, 2015 | 35.92 |
| Jun 30, 2015 | 35.81 |
| Jun 30, 2015 | 35.81 |
| Mar 31, 2015 | 35.47 |
| Mar 31, 2015 | 35.47 |
| Dec 31, 2014 | 30.90 |
| Dec 31, 2014 | 30.90 |
| Sep 30, 2014 | 34.71 |
| Sep 30, 2014 | 34.71 |
| Jun 30, 2014 | 34.82 |
| Jun 30, 2014 | 34.82 |
| Mar 31, 2014 | 34.20 |
| Mar 31, 2014 | 34.20 |
| Dec 31, 2013 | 32.82 |
| Dec 31, 2013 | 32.82 |
| Sep 30, 2013 | 34.64 |
| Sep 30, 2013 | 34.64 |
| Jun 30, 2013 | 33.44 |
| Jun 30, 2013 | 33.44 |
| Mar 31, 2013 | 33.36 |
| Mar 31, 2013 | 33.36 |
| Dec 31, 2012 | 33.31 |
| Dec 31, 2012 | 33.31 |
| Sep 30, 2012 | 33.75 |
| Sep 30, 2012 | 33.75 |
| Jun 30, 2012 | 35.74 |
| Jun 30, 2012 | 35.74 |
| Mar 31, 2012 | 29.12 |
| Mar 31, 2012 | 29.12 |
| Dec 31, 2011 | 35.80 |
| Dec 31, 2011 | 35.80 |
| Sep 30, 2011 | 36.36 |
| Sep 30, 2011 | 36.36 |
| Jun 30, 2011 | 34.76 |
| Jun 30, 2011 | 34.76 |
| Mar 31, 2011 | 35.50 |
| Mar 31, 2011 | 35.50 |
| Dec 31, 2010 | 34.43 |
| Dec 31, 2010 | 34.43 |
| Sep 30, 2010 | 34.72 |
| Sep 30, 2010 | 34.72 |
| Jun 30, 2010 | 36.17 |
| Jun 30, 2010 | 36.17 |
| Mar 31, 2010 | 42.14 |
| Mar 31, 2010 | 42.14 |
| Dec 31, 2009 | -103.95 |
| Dec 31, 2009 | -103.95 |
| Sep 30, 2009 | 37.94 |
| Sep 30, 2009 | 37.94 |
| Jun 30, 2009 | 33.07 |
| Jun 30, 2009 | 33.07 |
| Mar 31, 2009 | 33.13 |
| Mar 31, 2009 | 33.13 |