What is Xcel Energy's market cap?

Xcel Energy (XEL) has a market capitalization of $49.67B as of June 15, 2026. Market cap is the total market value of the company's outstanding shares (share price × shares outstanding), shown here in US dollars (USD).

How is Xcel Energy's market cap calculated, and what currency is it in?

Market capitalization is calculated by multiplying Xcel Energy's share price by its total shares outstanding. Although Xcel Energy reports its financial statements in USD, market cap on this page is shown in US dollars (USD) for comparability with other companies.

What is the highest market cap Xcel Energy has reached?

Xcel Energy (XEL) reached its all-time high market cap of $51.93B on April 30, 2026, based on daily closing values in our history.

What is the lowest market cap Xcel Energy has reached?

Xcel Energy (XEL) recorded its all-time low market cap of $2.00B on July 29, 2002 in the available daily history.

Is Xcel Energy's market cap above or below its 5-year average?

At $49.67B, Xcel Energy's market cap is currently above its five-year average of $37.82B.

What was Xcel Energy's market cap in 2025?

Xcel Energy (XEL) ended 2025 with a market cap of $43.50B.

What was Xcel Energy's market cap in 2026?

Xcel Energy (XEL) ended 2026 with a market cap of $49.67B.

Xcel Energy (XEL) Market Cap History

Current

$49.67B

As of Jun 15, 2026

5-Year Average

$37.82B

All-Time High

$51.93B

Apr 30, 2026

All-Time Low

$2.00B

Jul 29, 2002

Market cap daily chart for Xcel Energy (XEL)

Jun 16, 2021 – Jun 15, 2026 · 1,255 trading days

Market Cap growth chart for Xcel Energy (XEL) from 1985 to 2026

Latest: +14.2%

Market Cap history table for Xcel Energy (XEL) from 1985 to 2026


2026	$49.67B	+14.2%	+$6.17B	Jun 15, 2026	Apr 30, 2026
2025	$43.50B	+14.4%	+$5.49B	Dec 31, 2025	Feb 25, 2026
2024	$38.01B	+11.2%	+$3.84B	Dec 31, 2024	Feb 27, 2025
2023	$34.17B	-10.9%	−$4.18B	Dec 31, 2023	Feb 21, 2024
2022	$38.35B	+4.9%	+$1.79B	Dec 31, 2022	Feb 23, 2023
2021	$36.56B	+3.9%	+$1.36B	Dec 31, 2021	Feb 23, 2022
2020	$35.20B	+6.6%	+$2.19B	Dec 31, 2020	Feb 17, 2021
2019	$33.01B	+31.1%	+$7.84B	Dec 31, 2019	Feb 21, 2020
2018	$25.18B	+2.8%	+$688.98M	Dec 31, 2018	Feb 22, 2019
2017	$24.49B	+18.1%	+$3.75B	Dec 31, 2017	Feb 23, 2018
2016	$20.74B	+13.6%	+$2.49B	Dec 31, 2016	Feb 24, 2017
2015	$18.25B	+0.8%	+$140.43M	Dec 31, 2015	Feb 19, 2016
2014	$18.11B	+30.5%	+$4.23B	Dec 31, 2014	Feb 20, 2015
2013	$13.87B	+6.3%	+$827.03M	Dec 31, 2013	Feb 21, 2014
2012	$13.05B	-2.8%	−$376.33M	Dec 31, 2012	Feb 22, 2013
2011	$13.42B	+23.0%	+$2.51B	Dec 31, 2011	Feb 24, 2012
2010	$10.91B	+12.5%	+$1.21B	Dec 31, 2010	Feb 28, 2011
2009	$9.70B	+18.4%	+$1.50B	Dec 31, 2009	Feb 26, 2010
2008	$8.20B	-16.2%	−$1.58B	Dec 31, 2008	Feb 27, 2009
2007	$9.78B	-1.3%	−$130.92M	Dec 31, 2007	Feb 20, 2008
2006	$9.91B	+26.1%	+$2.05B	Dec 31, 2006	Feb 23, 2007
2005	$7.86B	+2.0%	+$153.21M	Dec 31, 2005	Feb 27, 2006
2004	$7.70B	+8.3%	+$591.55M	Dec 31, 2004	Mar 4, 2005
2003	$7.11B	+67.9%	+$2.88B	Dec 31, 2003	Mar 15, 2004
2002	$4.24B	-55.6%	−$5.30B	Dec 31, 2002	Mar 31, 2003
2001	$9.54B	-2.9%	−$281.99M	Dec 31, 2001	Mar 29, 2002
2000	$9.82B	+51.7%	+$3.34B	Dec 31, 2000	Mar 27, 2001
1999	$6.47B	+55.1%	+$2.30B	Dec 31, 1999	Mar 29, 2000
1998	$4.17B	+2.0%	+$80.06M	Dec 31, 1998	Mar 29, 1999
1997	$4.09B	+29.9%	+$941.68M	Dec 31, 1997	Mar 30, 1998
1996	$3.15B	-4.5%	−$149.57M	Dec 31, 1996	Mar 27, 1997
1995	$3.30B	+12.3%	+$361.72M	Dec 31, 1995	Mar 29, 1996
1994	$2.94B	+4.4%	+$124.62M	Dec 31, 1994	Mar 28, 1995
1993	$2.81B	+4.7%	+$125.32M	Dec 31, 1993	Mar 25, 1994
1992	$2.69B	+0.2%	+$4.66M	Dec 31, 1992	Dec 31, 1992
1991	$2.68B	+26.5%	+$561.64M	Dec 31, 1991	Dec 31, 1991
1990	$2.12B	-14.7%	−$364.85M	Dec 31, 1990	Dec 31, 1990
1989	$2.49B	+21.8%	+$445.20M	Dec 31, 1989	Dec 31, 1989
1988	$2.04B	+10.6%	+$196.39M	Dec 31, 1988	Dec 31, 1988
1987	$1.85B	-14.2%	−$306.50M	Dec 31, 1987	Dec 31, 1987
1986	$2.15B	+31.0%	+$509.89M	Dec 31, 1986	Dec 31, 1986
1985	$1.64B	—	—	Dec 31, 1985	Dec 31, 1985

2026$49.67B+14.2%
2025$43.50B+14.4%
2024$38.01B+11.2%
2023$34.17B-10.9%
2022$38.35B+4.9%
2021$36.56B+3.9%
2020$35.20B+6.6%
2019$33.01B+31.1%
2018$25.18B+2.8%
2017$24.49B+18.1%
2016$20.74B+13.6%
2015$18.25B+0.8%
2014$18.11B+30.5%
2013$13.87B+6.3%
2012$13.05B-2.8%
2011$13.42B+23.0%
2010$10.91B+12.5%
2009$9.70B+18.4%
2008$8.20B-16.2%
2007$9.78B-1.3%
2006$9.91B+26.1%
2005$7.86B+2.0%
2004$7.70B+8.3%
2003$7.11B+67.9%
2002$4.24B-55.6%
2001$9.54B-2.9%
2000$9.82B+51.7%
1999$6.47B+55.1%
1998$4.17B+2.0%
1997$4.09B+29.9%
1996$3.15B-4.5%
1995$3.30B+12.3%
1994$2.94B+4.4%
1993$2.81B+4.7%
1992$2.69B+0.2%
1991$2.68B+26.5%
1990$2.12B-14.7%
1989$2.49B+21.8%
1988$2.04B+10.6%
1987$1.85B-14.2%
1986$2.15B+31.0%
1985$1.64B—

Market Cap values are taken from Xcel Energy's reported income statements (share counts) and end-of-day prices (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Market Cap at Xcel Energy (XEL)

According to Xcel Energy's latest reported financial statements, the company's latest reported market cap is $49.73B. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).

Headline figure above is from the reporting period ending March 31, 2026 (reported April 30, 2026). Chart and table below cover the full reported history back to 1985.

In 2026, Xcel Energy (XEL) market cap totalled $49.67B – grew 14.2% year-over-year.

Looking at the 2021–2026 (5 years) stretch, Xcel Energy market cap compounded at +6.3% per year, sustaining 3 straight years of year-over-year growth.

Across the available history, market cap reached its high of $49.67B in 2026 and its low of $1.64B in 1985.

Xcel Energy Market Cap by Year

Xcel Energy Market Cap 2026: $49.67B

In 2026, Xcel Energy reported market cap of $49.67B, grew 14.2% from 2025. This figure represents the highest annual value in the available history.

Xcel Energy Market Cap 2025: $43.50B

Xcel Energy market cap in 2025 was $43.50B, grew 14.4% from 2024.

Xcel Energy Market Cap 2024: $38.01B

2024's market cap for Xcel Energy came in at $38.01B, grew 11.2% from 2023.

Xcel Energy Market Cap 2023: $34.17B

Xcel Energy posted market cap of $34.17B in 2023, declined 10.9% below 2022.

Xcel Energy Market Cap 2022: $38.35B

Xcel Energy market cap in 2022 was $38.35B.

See more financial history for Xcel Energy (XEL).

Sector peers by Market Cap

Utilities peers of Xcel Energy (XEL), ranked by their latest market cap


GE Vernova (GEV)	$263.10B
NextEra Energy (NEE)	$179.59B
Southern Company (SO)	$105.76B
Duke Energy (DUK)	$97.67B
Constellation Energy (CEG)	$94.76B
American Electric Power Company (AEP)	$70.36B
Sempra (SRE)	$60.09B
Dominion Energy (D)	$59.94B

GE Vernova (GEV)
$263.10B
NextEra Energy (NEE)
$179.59B
Southern Company (SO)
$105.76B
Duke Energy (DUK)
$97.67B
Constellation Energy (CEG)
$94.76B
American Electric Power Company (AEP)
$70.36B
Sempra (SRE)
$60.09B
Dominion Energy (D)
$59.94B

Frequently asked questions

Xcel Energy (XEL) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

XEL Overview

Counters

Income Statement

Cash Flow

Capital Return

Forecast & Valuation