What is the current annual net margin of XEL?

As of today, XEL annual net margin is 13.76%

What is 1-year change in XEL annual net margin?

XEL annual net margin is down -4.24% year-over-year

What is 3-year change in XEL annual net margin?

XEL annual net margin is up +21.13% over the past 3 years

How far is XEL annual net margin from its all-time high?

XEL annual net margin is currently -4.24% below its historical high of 14.37% set on December 31, 2024

How does XEL annual net margin rank versus sector peers?

XEL annual net margin is higher than 60.78% of companies in Utilities sector

When is XEL next annual earnings release?

As of today, the next annual earnings release for XEL has not been scheduled

What is the current quarterly net margin of XEL?

As of today, XEL quarterly net margin is 15.92%

What is XEL quarterly net margin most recent change?

XEL quarterly net margin was up +18.89% on December 31, 2025

What is 1-year change in XEL quarterly net margin?

XEL quarterly net margin is up +7.35% year-over-year

How far is XEL quarterly net margin from its all-time high?

XEL quarterly net margin is currently -19.11% below its historical high of 19.68% set on December 31, 2003

How does XEL quarterly net margin rank versus sector peers?

XEL quarterly net margin is higher than 68.00% of companies in Utilities sector

When is XEL next earnings release?

The next earnings release for XEL is on April 23, 2026

XEL Net Margin History & Chart Since 1980

Annual Net Margin

13.76%0.61%-4.24%

December 31, 2025

Summary

Current Value: As of today, XEL annual net margin is 13.76%, down -4.24% on December 31, 2025
Historical Performance: XEL annual net margin is up +21.13% over the past 3 years, up +7.67% over the past 5 years
All-Time High Comparison: XEL annual net margin is currently -4.24% below its historical high of 14.37% set on December 31, 2024
3-Year Low Comparison: XEL annual net margin is +21.13% above its 3-year low of 11.36% reached on an earlier date
Sector Comparison: XEL annual net margin is higher than 60.78% of companies in Utilities sector

Net Margin Chart

Add series to chart

Add series to chart1/6

Company, ETF, index, screener or watchlist

Series

Performance

XEL Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Net Margin	Dec 31, 25	13.76%	-4.2%	+21.1%	+7.7%	+88.5%
Quarterly Net Margin	Dec 31, 25	15.92%	+7.3%	+70.1%	+63.0%	+199.3%
Price	Feb 20, 26	$81.55	+17.6%	+19.9%	+31.4%	+242.5%
PE Ratio	Feb 20, 26	23.82	+18.0%	+11.1%	+7.0%	+62.0%
Annual Revenue	Dec 31, 25	$14.67B	+8.9%	-4.0%	+27.3%	+42.4%
Annual Net Income	Dec 31, 25	$2.02B	+4.2%	+16.2%	+37.0%	+168.4%
Annual Gross Margin	Dec 31, 25	24.30%	+7.0%	+19.1%	+2.1%	+28.7%
Annual Operating Margin	Dec 31, 25	19.63%	+8.6%	+23.5%	+6.2%	+25.4%

Net Margin Highs

XEL Annual Net Margin Highs Comparison
Period	High	Date	Current
3Y	14.37%	Dec 31, 24	-4.2%
5Y	14.37%	Dec 31, 24	-4.2%
All	14.37%	Dec 31, 24	-4.2%

Net Margin Lows

XEL Annual Net Margin Lows Comparison
Period	Low	Date	Current
3Y	11.36%	N/A	+21.1%
5Y	11.36%	Dec 31, 22	+21.1%
All	-17.76%	Dec 31, 02	+177.5%

Net Margin History

Year	Value	Change
2025	13.76%	-4.2%
2024	14.37%	+15.3%
2023	12.46%	+9.7%
2022	11.36%	-4.9%
2021	11.95%	-6.5%
2020	12.78%	+7.4%
2019	11.90%	+8.8%
2018	10.94%	+8.5%
2017	10.08%	-0.4%
2016	10.12%	+13.5%
2015	8.92%	+2.1%
2014	8.74%	+0.5%
2013	8.70%	-2.8%
2012	8.95%	+13.3%
2011	7.90%	+8.2%
2010	7.30%	+2.5%
2009	7.12%	+23.6%
2008	5.76%	+0.5%
2007	5.73%	-0.5%
2006	5.76%	+11.2%
2005	5.18%	-18.6%
2004	6.36%	-1.1%
2003	6.43%	+136.2%

Year	Value	Change
2002	-17.76%	-393.6%
2001	6.05%	+17.7%
2000	5.14%	-38.6%
1999	8.37%	-20.8%
1998	10.57%	+14.8%
1997	9.21%	-10.9%
1996	10.34%	-3.7%
1995	10.74%	+9.7%
1994	9.79%	+11.1%
1993	8.81%	+18.3%
1992	7.45%	-20.7%
1991	9.40%	+0.5%
1990	9.35%	-16.2%
1989	11.16%	+4.3%
1988	10.70%	-7.5%
1987	11.57%	-0.3%
1986	11.61%	+5.1%
1985	11.05%	+2.1%
1984	10.82%	-0.2%
1983	10.84%	+7.3%
1982	10.10%	+1.4%
1981	9.96%	+3.8%
1980	9.60%	-

FAQ

What is the current annual net margin of XEL?
As of today, XEL annual net margin is 13.76%
What is 1-year change in XEL annual net margin?
XEL annual net margin is down -4.24% year-over-year
What is 3-year change in XEL annual net margin?
XEL annual net margin is up +21.13% over the past 3 years
How far is XEL annual net margin from its all-time high?
XEL annual net margin is currently -4.24% below its historical high of 14.37% set on December 31, 2024
How does XEL annual net margin rank versus sector peers?
XEL annual net margin is higher than 60.78% of companies in Utilities sector
When is XEL next annual earnings release?
As of today, the next annual earnings release for XEL has not been scheduled

Quarterly Net Margin

15.92%2.53%+18.89%

December 31, 2025

Summary

Current Value: As of today, XEL quarterly net margin is 15.92%, up +18.89% on December 31, 2025
Historical Performance: XEL quarterly net margin is up +7.35% year-over-year, up +70.09% over the past 3 years
All-Time High Comparison: XEL quarterly net margin is currently -19.11% below its historical high of 19.68% set on December 31, 2003
3-Year Low Comparison: XEL quarterly net margin is +70.09% above its 3-year low of 9.36% reached on an earlier date
Sector Comparison: XEL quarterly net margin is higher than 68.00% of companies in Utilities sector

Performance

XEL Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Net Margin	Dec 31, 25	15.92%	+18.9%	+7.3%	+70.1%	+63.0%
Annual Net Margin	Dec 31, 25	13.76%	–	-4.2%	+21.1%	+7.7%
Price	Feb 20, 26	$81.55	+2.6%	+17.6%	+19.9%	+31.4%
PE Ratio	Feb 20, 26	23.82	-1.8%	+18.0%	+11.1%	+7.0%
Quarterly Revenue	Dec 31, 25	$3.56B	-9.0%	+13.8%	-12.1%	+20.8%
Quarterly Net Income	Dec 31, 25	$567.00M	+8.2%	+22.2%	+49.6%	+96.9%
Quarterly Gross Margin	Dec 31, 25	21.37%	-30.7%	+32.9%	+24.3%	+6.4%
Quarterly Operating Margin	Dec 31, 25	16.54%	-37.4%	+42.6%	+26.2%	+12.6%

Quarterly Net Margin Highs

XEL Quarterly Net Margin Highs Comparison
Period	High	Date	Current
1Y	15.92%	Dec 31, 25	at high
3Y	18.73%	Sep 30, 24	-15.0%
5Y	18.73%	Sep 30, 24	-15.0%
All	19.68%	Dec 31, 03	-19.1%

Quarterly Net Margin Lows

XEL Quarterly Net Margin Lows Comparison
Period	Low	Date	Current
1Y	12.32%	Mar 31, 25	+29.2%
3Y	9.36%	N/A	+70.1%
5Y	9.36%	Dec 31, 22	+70.1%
All	-83.46%	Sep 30, 02	+119.1%

Quarterly Net Margin History

Month	Value	Change
Dec 2025	15.92%	+18.9%
Sep 2025	13.39%	-1.0%
Jun 2025	13.53%	+9.8%
Mar 2025	12.32%	-16.9%
Dec 2024	14.83%	-20.8%
Sep 2024	18.73%	+88.6%
Jun 2024	9.93%	-25.6%
Mar 2024	13.34%	+12.3%
Dec 2023	11.88%	-33.7%
Sep 2023	17.91%	+88.3%
Jun 2023	9.51%	-7.1%
Mar 2023	10.24%	+9.4%
Dec 2022	9.36%	-41.3%
Sep 2022	15.95%	+66.1%
Jun 2022	9.60%	-4.8%
Mar 2022	10.08%	+6.9%
Dec 2021	9.43%	-46.3%
Sep 2021	17.57%	+72.6%
Jun 2021	10.18%	-1.4%
Mar 2021	10.32%	+5.6%
Dec 2020	9.77%	-48.5%
Sep 2020	18.96%	+71.0%
Jun 2020	11.09%	+5.6%
Mar 2020	10.50%	+0.9%
Dec 2019	10.41%	-40.5%
Sep 2019	17.50%	+89.2%
Jun 2019	9.25%	-7.8%
Mar 2019	10.03%	+34.3%
Dec 2018	7.47%	-53.7%
Sep 2018	16.14%	+61.7%
Jun 2018	9.98%	+1.1%
Mar 2018	9.87%	+46.0%
Dec 2017	6.76%	-58.6%
Sep 2017	16.31%	+89.7%
Jun 2017	8.60%	+5.9%
Mar 2017	8.12%	-0.2%
Dec 2016	8.14%	-46.0%
Sep 2016	15.07%	+91.5%
Jun 2016	7.87%	-9.6%
Mar 2016	8.71%	+10.3%
Dec 2015	7.90%	-46.2%
Sep 2015	14.68%	+87.2%
Jun 2015	7.84%	+52.5%
Mar 2015	5.14%	-23.3%
Dec 2014	6.70%	-47.8%
Sep 2014	12.84%	+76.6%
Jun 2014	7.27%	-10.8%
Mar 2014	8.15%	+48.2%
Dec 2013	5.50%	-57.5%
Sep 2013	12.95%	+69.7%
Jun 2013	7.63%	-10.3%
Mar 2013	8.51%	+54.7%
Dec 2012	5.50%	-62.5%
Sep 2012	14.66%	+82.1%
Jun 2012	8.05%	+12.9%
Mar 2012	7.13%	+29.9%
Dec 2011	5.49%	-54.1%
Sep 2011	11.95%	+83.6%
Jun 2011	6.51%	-10.1%
Mar 2011	7.24%	+36.1%
Dec 2010	5.32%	-55.3%
Sep 2010	11.91%	+102.6%
Jun 2010	5.88%	-1.5%
Mar 2010	5.97%	-8.6%
Dec 2009	6.53%	-31.9%
Sep 2009	9.59%	+65.1%
Jun 2009	5.81%	-11.0%
Mar 2009	6.53%	+7.9%
Dec 2008	6.05%	-22.5%
Sep 2008	7.81%	+93.3%
Jun 2008	4.04%	-20.5%
Mar 2008	5.08%	-1.9%
Dec 2007	5.18%	-51.1%
Sep 2007	10.60%	+255.7%
Jun 2007	2.98%	-30.4%
Mar 2007	4.28%	+9.5%
Dec 2006	3.91%	-57.6%
Sep 2006	9.22%	+95.8%
Jun 2006	4.71%	-9.2%
Mar 2006	5.19%	+51.3%
Dec 2005	3.43%	-60.3%
Sep 2005	8.65%	+131.3%
Jun 2005	3.74%	-28.2%
Mar 2005	5.21%	-4.9%

Month	Value	Change
Dec 2004	5.48%	-34.8%
Sep 2004	8.40%	+73.2%
Jun 2004	4.85%	-26.4%
Mar 2004	6.59%	-66.5%
Dec 2003	19.68%	+40.9%
Sep 2003	13.97%	+187.6%
Jun 2003	-15.95%	-709.6%
Mar 2003	-1.97%	+76.4%
Dec 2002	-8.33%	+90.0%
Sep 2002	-83.46%	-3,059.6%
Jun 2002	2.82%	-14.8%
Mar 2002	3.31%	-31.0%
Dec 2001	4.80%	-45.6%
Sep 2001	8.82%	+71.3%
Jun 2001	5.15%	-4.8%
Mar 2001	5.41%	+95.3%
Dec 2000	2.77%	-36.5%
Sep 2000	4.36%	-55.2%
Jun 2000	9.73%	+48.5%
Mar 2000	6.55%	-19.5%
Dec 1999	8.14%	-42.6%
Sep 1999	14.17%	+505.6%
Jun 1999	2.34%	-69.1%
Mar 1999	7.57%	-48.3%
Dec 1998	14.63%	+10.2%
Sep 1998	13.27%	+141.7%
Jun 1998	5.49%	-32.6%
Mar 1998	8.14%	-12.9%
Dec 1997	9.35%	-25.8%
Sep 1997	12.60%	+309.1%
Jun 1997	3.08%	-65.2%
Mar 1997	8.86%	-21.1%
Dec 1996	11.23%	-15.6%
Sep 1996	13.30%	+81.4%
Jun 1996	7.33%	-21.6%
Mar 1996	9.35%	+3.4%
Dec 1995	9.04%	-32.3%
Sep 1995	13.36%	+31.8%
Jun 1995	10.14%	-1.6%
Mar 1995	10.31%	+28.6%
Dec 1994	8.02%	-35.5%
Sep 1994	12.43%	+37.0%
Jun 1994	9.07%	-5.8%
Mar 1994	9.63%	-1.3%
Dec 1993	9.76%	-4.2%
Sep 1993	10.19%	+54.9%
Jun 1993	6.58%	-22.7%
Mar 1993	8.51%	+63.3%
Dec 1992	5.21%	-51.0%
Sep 1992	10.64%	+71.1%
Jun 1992	6.22%	-61.0%
Mar 1992	15.93%	+129.5%
Dec 1991	6.94%	-54.3%
Sep 1991	15.17%	+209.0%
Jun 1991	4.91%	-61.1%
Mar 1991	12.63%	+1,535.2%
Dec 1990	-0.88%	-105.8%
Sep 1990	15.28%	+55.9%
Jun 1990	9.80%	-13.2%
Mar 1990	11.29%	+38.2%
Dec 1989	8.17%	-46.2%
Sep 1989	15.18%	+83.8%
Jun 1989	8.26%	-34.8%
Mar 1989	12.67%	+174.8%
Dec 1988	4.61%	-71.1%
Sep 1988	15.95%	+60.5%
Jun 1988	9.94%	-14.5%
Mar 1988	11.63%	+73.1%
Dec 1987	6.72%	-59.5%
Sep 1987	16.59%	+88.5%
Jun 1987	8.80%	-34.0%
Mar 1987	13.33%	+39.6%
Dec 1986	9.55%	-34.5%
Sep 1986	14.58%	+86.9%
Jun 1986	7.80%	-42.6%
Mar 1986	13.58%	+45.7%
Dec 1985	9.32%	-26.0%
Sep 1985	12.59%	+22.9%
Jun 1985	10.24%	-15.0%
Mar 1985	12.05%	+72.1%
Dec 1984	7.00%	-44.0%
Sep 1984	12.51%	+14.1%
Jun 1984	10.96%	-13.1%
Mar 1984	12.61%	-

FAQ

What is the current quarterly net margin of XEL?
As of today, XEL quarterly net margin is 15.92%
What is XEL quarterly net margin most recent change?
XEL quarterly net margin was up +18.89% on December 31, 2025
What is 1-year change in XEL quarterly net margin?
XEL quarterly net margin is up +7.35% year-over-year
How far is XEL quarterly net margin from its all-time high?
XEL quarterly net margin is currently -19.11% below its historical high of 19.68% set on December 31, 2003
How does XEL quarterly net margin rank versus sector peers?
XEL quarterly net margin is higher than 68.00% of companies in Utilities sector
When is XEL next earnings release?
The next earnings release for XEL is on April 23, 2026

Net Margin Formula

Net Margin = Net Income

Revenue × 100%

Data Sources & References

XEL Official Website mn.my.xcelenergy.com/s/
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/72903/000119312526033694/0001193125-26-033694-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/72903/000119312526033694/0001193125-26-033694-index.htm
XEL Profile on Yahoo Finance finance.yahoo.com/quote/XEL
XEL Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/xel