Operating Income for Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current operating income (TTM) is $2.88B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
XEL
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.88B
YoY change
+20.7%
5Y CAGR
+6.4%
Peak year (2025)
$2.88B
Cumulative operating income
$65.38B
Operating Income history chart for Xcel Energy (XEL) from 1985 to 2025
Operating Income history table for Xcel Energy (XEL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.88B | +20.7% | ||
| 2024 | $2.39B | -3.8% | ||
| 2023 | $2.48B | +2.2% | ||
| 2022 | $2.43B | +10.2% | ||
| 2021 | $2.20B | +4.1% | ||
| 2020 | $2.12B | +0.6% | ||
| 2019 | $2.10B | +7.1% | ||
| 2018 | $1.97B | -10.3% | ||
| 2017 | $2.19B | -1.1% | ||
| 2016 | $2.21B | +10.7% | ||
| 2015 | $2.00B | +2.7% | ||
| 2014 | $1.95B | +5.4% | ||
| 2013 | $1.85B | +1.4% | ||
| 2012 | $1.82B | +2.3% | ||
| 2011 | $1.78B | +10.0% | ||
| 2010 | $1.62B | +10.3% | ||
| 2009 | $1.47B | +5.6% | ||
| 2008 | $1.39B | +2.9% | ||
| 2007 | $1.35B | +14.8% | ||
| 2006 | $1.18B | +7.7% | ||
| 2005 | $1.09B | +1.8% | ||
| 2004 | $1.07B | -1.1% | ||
| 2003 | $1.09B | -175.8% | ||
| 2002 | -$1.43B | -183.0% | ||
| 2001 | $1.73B | +24.3% | ||
| 2000 | $1.39B | +203.9% | ||
| 1999 | $456.80M | -10.4% | ||
| 1998 | $509.70M | +6.7% | ||
| 1997 | $477.70M | -9.4% | ||
| 1996 | $527.40M | +7.0% | ||
| 1995 | $493.10M | +12.7% | ||
| 1994 | $437.50M | -81.8% | ||
| 1993 | $2.40B | +11.3% | ||
| 1992 | $2.16B | -1.9% | ||
| 1991 | $2.20B | +6.6% | ||
| 1990 | $2.06B | +3.8% | ||
| 1989 | $1.99B | -0.8% | ||
| 1988 | $2.01B | +13.3% | ||
| 1987 | $1.77B | -0.6% | ||
| 1986 | $1.78B | -0.4% | ||
| 1985 | $1.79B | — |
Operating 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
2025's annual operating income for Xcel Energy (XEL) came in at $2.88B – grew 20.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Xcel Energy operating income compounded at +6.4% per year, with the latest reading among the more recent periods of the dataset.
2025 marks the peak operating income at $2.88B, with the historical low of -$1.43B recorded in 2002.
Among 8 Utilities peers, Xcel Energy (XEL) ranks 8th; the peer median for operating income is $4.86B.
Xcel Energy Operating Income by Year
Xcel Energy Operating Income 2025: $2.88B
Xcel Energy operating income in 2025 was $2.88B, grew 20.7% from 2024. This figure represents the highest annual value in the available history.
Xcel Energy Operating Income 2024: $2.39B
Xcel Energy operating income in 2024 was $2.39B, edged down 3.8% below 2023.
Xcel Energy Operating Income 2023: $2.48B
Xcel Energy operating income in 2023 was $2.48B, edged up 2.2% from 2022.
Xcel Energy Operating Income 2022: $2.43B
Xcel Energy operating income in 2022 was $2.43B, grew 10.2% from 2021.
Xcel Energy Operating Income 2021: $2.20B
Xcel Energy operating income in 2021 was $2.20B.
See more financial history for Xcel Energy (XEL).
Sector peers — Operating Income
Companies in the same sector as Xcel Energy, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is Xcel Energy's operating income?
- Latest reported operating income for Xcel Energy (XEL) is $2.88B (period ending December 31, 2025).
How has Xcel Energy operating income changed year-over-year?
- Xcel Energy (XEL) operating income changed +20.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Xcel Energy operating income?
- Xcel Energy (XEL) operating income compound annual growth rate is +6.4% over the most recent 5 years available.
When did Xcel Energy operating income hit its highest annual value?
- Xcel Energy operating income reached its highest annual value of $2.88B in 2025.
What was Xcel Energy operating income in 2024?
- Xcel Energy (XEL) operating income in 2024 was $2.39B.
What was Xcel Energy operating income in 2025?
- Xcel Energy (XEL) operating income in 2025 was $2.88B.
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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