Net Income for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current net income (TTM) is $2.02B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
XEL
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$2.02B
YoY change
+4.2%
5Y CAGR
+6.5%
Peak year (2025)
$2.02B
Cumulative net income
$27.38B
Net Income history chart for Xcel Energy (XEL) from 1985 to 2025
Net Income history table for Xcel Energy (XEL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $2.02B | +4.2% | ||
| 2024 | $1.94B | +9.3% | ||
| 2023 | $1.77B | +2.0% | ||
| 2022 | $1.74B | +8.7% | ||
| 2021 | $1.60B | +8.4% | ||
| 2020 | $1.47B | +7.4% | ||
| 2019 | $1.37B | +8.8% | ||
| 2018 | $1.26B | +9.8% | ||
| 2017 | $1.15B | +2.2% | ||
| 2016 | $1.12B | +14.1% | ||
| 2015 | $984.49M | -3.6% | ||
| 2014 | $1.02B | +7.7% | ||
| 2013 | $948.23M | +4.8% | ||
| 2012 | $905.23M | +7.6% | ||
| 2011 | $841.17M | +11.3% | ||
| 2010 | $755.83M | +11.0% | ||
| 2009 | $680.89M | +5.5% | ||
| 2008 | $645.55M | +11.8% | ||
| 2007 | $577.35M | +1.0% | ||
| 2006 | $571.75M | +11.5% | ||
| 2005 | $512.97M | +44.1% | ||
| 2004 | $355.96M | -42.8% | ||
| 2003 | $622.39M | -128.1% | ||
| 2002 | -$2.22B | -379.0% | ||
| 2001 | $794.97M | +50.9% | ||
| 2000 | $526.83M | +134.9% | ||
| 1999 | $224.30M | -20.6% | ||
| 1998 | $282.40M | +19.0% | ||
| 1997 | $237.30M | -13.6% | ||
| 1996 | $274.50M | -0.5% | ||
| 1995 | $275.80M | +13.3% | ||
| 1994 | $243.50M | +15.0% | ||
| 1993 | $211.70M | +2.6% | ||
| 1992 | $206.40M | -7.9% | ||
| 1991 | $224.00M | +14.6% | ||
| 1990 | $195.50M | -11.9% | ||
| 1989 | $222.00M | +3.4% | ||
| 1988 | $214.80M | +4.8% | ||
| 1987 | $204.90M | -1.0% | ||
| 1986 | $206.90M | +4.7% | ||
| 1985 | $197.70M | — |
Net Income 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
As of the 2025 fiscal year, Xcel Energy (XEL) reported net income of $2.02B – edged up 4.2% year-over-year.
Through 2020–2025 (5 years), Xcel Energy net income delivered a +6.5% annualised rate; sustaining 10 straight years of year-over-year growth.
$2.02B stands as the all-time-high annual net income, posted in 2025, against a low of -$2.22B during 2002.
Xcel Energy (XEL) sits 8th of 8 Utilities peers we track on this metric, against a peer median of $3.96B.
Xcel Energy Net Income by Year
Xcel Energy Net Income 2025: $2.02B
Xcel Energy net income in 2025 was $2.02B, edged up 4.2% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy Net Income 2024: $1.94B
Xcel Energy net income in 2024 was $1.94B, grew 9.3% from 2023.
Xcel Energy Net Income 2023: $1.77B
Xcel Energy net income in 2023 was $1.77B, edged up 2.0% from 2022.
Xcel Energy Net Income 2022: $1.74B
Xcel Energy net income in 2022 was $1.74B, grew 8.7% from 2021.
Xcel Energy Net Income 2021: $1.60B
Xcel Energy net income in 2021 was $1.60B.
See more financial history for Xcel Energy (XEL).
Sector peers — Net Income
Companies in the same sector as Xcel Energy, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| NextEra Energy, Inc. (NEE) | $6.83B | Utilities |
| Duke Energy Corporation (DUK) | $4.97B | Utilities |
| GE Vernova Inc. (GEV) | $4.88B | Utilities |
| The Southern Company (SO) | $4.34B | Utilities |
| American Electric Power Company, Inc. (AEP) | $3.58B | Utilities |
| Dominion Energy, Inc. (D) | $3.00B | Utilities |
| Constellation Energy Corporation (CEG) | $2.32B | Utilities |
| Sempra (SRE) | $1.84B | Utilities |
Frequently asked questions
What is Xcel Energy's net income?
- Latest reported net income for Xcel Energy (XEL) is $2.02B (period ending December 31, 2025).
How has Xcel Energy net income changed year-over-year?
- Xcel Energy (XEL) net income changed +4.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy net income?
- Xcel Energy (XEL) net income compound annual growth rate is +6.5% over the most recent 5 years available.
When did Xcel Energy net income hit its highest annual value?
- Xcel Energy net income reached its highest annual value of $2.02B in 2025.
What was Xcel Energy net income in 2024?
- Xcel Energy (XEL) net income in 2024 was $1.94B.
What was Xcel Energy net income in 2025?
- Xcel Energy (XEL) net income in 2025 was $2.02B.
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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