Xcel Energy (XEL) Tax Rate (2009 - 2026)
Xcel Energy's Tax Rate was 6.71% in Q3 2026, up 5.20 percentage points from 1.50% a year earlier.
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Analysis
Xcel Energy (XEL) Tax Rate (2009 - 2026) Analysis & Trends
For FY2019, Tax Rate at Xcel Energy came in at 8.53%, down 4.02 percentage points from FY2018.
- Tax Rate has now declined for four consecutive years, with a five-year change of -25.37 percentage points (FY2014 to FY2019).
- In earlier years, Tax Rate was 12.55% in FY2018 (-19.52 pp), 32.07% in FY2017 (-2.03 pp), 34.10% in FY2016 (-1.46 pp) and 35.56% in FY2015 (+1.66 pp).
- The Q3 2026 figure marks the highest quarterly Tax Rate since Q3 2019.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Wisconsin Electric Power | 99,216.00 Bn | 99,215.99 Bn | 911.30 Mn | 14.89% |
| 2 | Enel Chile | 301.57 Bn | 301.57 Bn | 1.33 Bn | - |
| 3 | Nextera Energy | 180.93 Bn | 179.04 Bn | - | 13.16% |
| 4 | Southern | 109.04 Bn | 101.70 Bn | 7.31 Bn | 18.54% |
| 5 | Duke Energy | 100.59 Bn | 99.24 Bn | 6.37 Bn | 15.34% |
| 6 | National Grid | 86.94 Bn | 59.27 Bn | - | - |
| 7 | American Electric Power | 69.61 Bn | 68.67 Bn | 4.75 Bn | 9.48% |
| 8 | Entergy | 53.37 Bn | 42.94 Bn | - | 22.76% |
| 9 | Sempra | 51.29 Bn | 84.11 Bn | - | - |
| 10 | Xcel Energy | 50.89 Bn | 44.36 Bn | - | 6.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.71% |
| Sep 30, 2025 | 1.50% |
| Sep 30, 2024 | 1.45% |
| Sep 30, 2023 | 5.75% |
| Sep 30, 2022 | 6.35% |
| Sep 30, 2021 | 6.60% |
| Sep 30, 2020 | 6.66% |
| Dec 31, 2019 | 2.34% |
| Sep 30, 2019 | 12.02% |
| Jun 30, 2019 | 9.16% |
| Mar 31, 2019 | 7.35% |
| Sep 30, 2018 | 12.94% |
| Jun 30, 2018 | 16.93% |
| Mar 31, 2018 | 16.86% |
| Dec 31, 2017 | 38.44% |
| Sep 30, 2017 | 29.41% |
| Jun 30, 2017 | 31.00% |
| Mar 31, 2017 | 32.87% |
| Dec 31, 2016 | 32.54% |
| Sep 30, 2016 | 34.24% |
API Access
Xcel Energy Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=XEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "XEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=XEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();