Xcel Energy income statement

In fiscal 2025, Xcel Energy reported revenue of $14.67bn, up 9.1% on the year before, operating income of $2.58bn (a 17.6% margin) and net income of $2.02bn, or $3.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xcel Energy: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	9.6	10.3	10.7	10.1	10.9	11.7	11.0	11.1	11.4	11.5	11.5	11.5	13.4	15.3	14.2	13.4	14.7	14.9
Cost of revenue	—	—	—	—	—	—	—	3.7	3.8	3.9	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	7.4	7.6	7.7	—	—	—	—	—	—	—	—
Operating income	1.5	1.6	1.8	1.8	1.8	1.9	2.0	2.2	2.2	2.0	2.1	2.1	2.2	2.4	2.5	2.4	2.6	3.2
Interest expense	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.6	0.7	0.7	0.8	0.8	0.8	1.0	1.1	1.3	1.5	1.7
Income before tax	1.1	1.2	1.3	1.4	1.4	1.5	1.5	1.7	1.7	1.4	1.5	1.5	1.5	1.6	1.6	1.5	1.8	2.5
Income tax	0.4	0.4	0.5	0.5	0.5	0.5	0.5	0.6	0.5	0.2	0.1	−0.0	−0.1	−0.1	−0.1	−0.4	−0.2	−0.2
Net income	0.7	0.8	0.8	0.9	0.9	1.0	1.0	1.1	1.1	1.3	1.4	1.5	1.6	1.7	1.8	1.9	2.0	2.7
Diluted EPS	$1.48	$1.62	$1.72	$1.85	$1.91	$2.03	$1.94	$2.21	$2.25	$2.47	$2.64	$2.79	$2.96	$3.17	$3.21	$3.44	$3.42	$4.30
Diluted shares (average)	457m	463m	486m	488m	497m	504m	508m	509m	509m	511m	520m	528m	540m	547m	552m	563m	589m	620m
EBITDA	2.3	2.5	2.7	2.8	2.8	3.0	3.1	3.6	3.7	3.6	3.9	4.1	4.3	4.9	5.0	5.2	5.6	6.2

US$ millions unless shown otherwise. Fiscal quarters.

Xcel Energy: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	3,120	3,906	3,287	3,915	3,561	4,021	3,119	4,172
Operating income	347	677	577	749	580	754	706	1,191
Interest expense	319	332	349	384	403	412	443	484
Income before tax	167	422	384	532	435	509	526	1,029
Income tax	−297	−61	−60	8	−132	−47	−60	69
Net income	464	483	444	524	567	556	586	960
Diluted EPS	$0.81	$0.84	$0.75	$0.88	$0.95	$0.89	$0.93	$1.52
EBITDA	1,061	1,411	1,304	1,504	1,332	1,521	1,363	2,013

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Xcel Energy's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Xcel Energy.