TTM
$2.93B
YoY change
+20.7%
5Y CAGR
+6.4%
Peak year (2025)
$2.88B
Cumulative operating income
$66.11B
Operating Income history chart for Xcel Energy (XEL) from 1985 to 2025
Latest: $2.88B
Operating Income growth chart for Xcel Energy (XEL) from 1985 to 2025
Latest: +20.7%
Operating Income history table for Xcel Energy (XEL) from 1985 to 2025
| 2025 | $2.88B | +20.7% | +$493.00M | ||
| 2024 | $2.39B | -3.8% | −$95.00M | ||
| 2023 | $2.48B | +2.2% | +$53.00M | ||
| 2022 | $2.43B | +10.2% | +$225.00M | ||
| 2021 | $2.20B | +4.1% | +$87.00M | ||
| 2020 | $2.12B | +0.6% | +$12.00M | ||
| 2019 | $2.10B | +7.1% | +$139.00M | ||
| 2018 | $1.97B | -10.3% | −$225.00M | ||
| 2017 | $2.19B | -1.1% | −$23.86M | ||
| 2016 | $2.21B | +10.7% | +$213.34M | ||
| 2015 | $2.00B | +2.7% | +$52.38M | ||
| 2014 | $1.95B | +5.4% | +$100.58M | ||
| 2013 | $1.85B | +1.4% | +$24.87M | ||
| 2012 | $1.82B | +2.3% | +$41.08M | ||
| 2011 | $1.78B | +10.0% | +$161.63M | ||
| 2010 | $1.62B | +10.3% | +$151.40M | ||
| 2009 | $1.47B | +5.6% | +$77.78M | ||
| 2008 | $1.39B | +2.9% | +$39.72M | ||
| 2007 | $1.35B | +14.8% | +$174.08M | ||
| 2006 | $1.18B | +7.7% | +$84.28M | ||
| 2005 | $1.09B | +1.8% | +$19.50M | ||
| 2004 | $1.07B | -1.1% | −$12.03M | ||
| 2003 | $1.09B | -175.8% | +$2.52B | ||
| 2002 | −$1.43B | -183.0% | −$3.16B | ||
| 2001 | $1.73B | +24.3% | +$337.45M | ||
| 2000 | $1.39B | +203.9% | +$931.63M | ||
| 1999 | $456.80M | -10.4% | −$52.90M | ||
| 1998 | $509.70M | +6.7% | +$32.00M | ||
| 1997 | $477.70M | -9.4% | −$49.70M | ||
| 1996 | $527.40M | +7.0% | +$34.30M | ||
| 1995 | $493.10M | +12.7% | +$55.60M | ||
| 1994 | $437.50M | -81.8% | −$1.97B | ||
| 1993 | $2.40B | +11.3% | +$244.50M | ||
| 1992 | $2.16B | -1.9% | −$41.70M | ||
| 1991 | $2.20B | +6.6% | +$136.70M | ||
| 1990 | $2.06B | +3.8% | +$74.80M | ||
| 1989 | $1.99B | -0.8% | −$16.80M | ||
| 1988 | $2.01B | +13.3% | +$236.20M | ||
| 1987 | $1.77B | -0.6% | −$11.30M | ||
| 1986 | $1.78B | -0.4% | −$7.10M | ||
| 1985 | $1.79B | — | — |
- 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 (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 Operating Income at Xcel Energy (XEL)
According to Xcel Energy's latest reported financial statements, the company's current operating income (TTM) is $2.93B. 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 .
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 mixed annual results across the window.
2025 marks the peak operating income at $2.88B, with the historical low of −$1.43B recorded in 2002.
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
2024's operating income for Xcel Energy came in at $2.39B, edged down 3.8% below 2023.
Xcel Energy Operating Income 2023: $2.48B
Xcel Energy posted operating income of $2.48B in 2023, edged up 2.2% from 2022.
Xcel Energy Operating Income 2022: $2.43B
In 2022, Xcel Energy reported operating income of $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 by Operating Income
Utilities peers of Xcel Energy (XEL), ranked by their latest operating income
| $8.58B | |
| $8.28B | |
| $7.27B | |
| $5.30B | |
| $4.41B | |
| $3.25B | |
| $3.09B | |
| $1.39B |
- $8.58B
- $8.28B
- $7.27B
- $4.41B
- $3.25B
- $1.39B
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