Market Cap for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's latest reported market cap is $44.09B USD. 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 (reported ). Chart and table below cover the full reported history back to .
XEL
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Latest period
$44.09B
YoY change
+6.7%
5Y CAGR
+4.9%
Peak year (2026)
$46.42B
Latest annual
$46.42B
Market Cap history chart for Xcel Energy (XEL) from 1985 to 2026
Market Cap history table for Xcel Energy (XEL) from 1985 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $46.42B | +6.7% | ||
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2026, Xcel Energy (XEL) market cap totalled $46.42B – grew 6.7% year-over-year.
Looking at the 2021–2026 (5 years) stretch, Xcel Energy market cap compounded at +4.9% per year, sustaining 3 straight years of year-over-year growth.
Across the available history, market cap reached its high of $46.42B in 2026 and its low of $1.64B in 1985.
Within Utilities, Xcel Energy (XEL) ranks 9th among 8 peers we track. The peer median for market cap is $97.46B.
Xcel Energy Market Cap by Year
Xcel Energy Market Cap 2026: $46.42B
Xcel Energy market cap in 2026 was $46.42B, grew 6.7% 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
Xcel Energy market cap in 2024 was $38.01B, grew 11.2% from 2023.
Xcel Energy Market Cap 2023: $34.17B
Xcel Energy market cap in 2023 was $34.17B, 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 — Market Cap
Companies in the same sector as Xcel Energy, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| GE Vernova Inc. (GEV) | $292.62B | Utilities |
| NextEra Energy, Inc. (NEE) | $201.26B | Utilities |
| The Southern Company (SO) | $106.43B | Utilities |
| Duke Energy Corporation (DUK) | $99.46B | Utilities |
| Constellation Energy Corporation (CEG) | $95.47B | Utilities |
| American Electric Power Company, Inc. (AEP) | $73.70B | Utilities |
| Sempra (SRE) | $60.69B | Utilities |
| Dominion Energy, Inc. (D) | $55.28B | Utilities |
Frequently asked questions
What is Xcel Energy's market cap?
- Latest reported market cap for Xcel Energy (XEL) is $44.09B (period ending December 31, 2025).
How has Xcel Energy market cap changed year-over-year?
- Xcel Energy (XEL) market cap changed +6.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy market cap?
- Xcel Energy (XEL) market cap compound annual growth rate is +4.9% over the most recent 5 years available.
When did Xcel Energy market cap hit its highest annual value?
- Xcel Energy market cap reached its highest annual value of $46.42B in 2026.
What was Xcel Energy market cap in 2025?
- Xcel Energy (XEL) market cap in 2025 was $43.50B.
What was Xcel Energy market cap in 2026?
- Xcel Energy (XEL) market cap in 2026 was $46.42B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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XEL Overview
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