Xcel Energy Inc. (XEL) Financial Statements
Xcel Energy financial statements at a glance
Xcel Energy reported revenue of $14.61 billion for fiscal year 2025 (ended December 31, 2025), up 9.2% from fiscal year 2024. Net income was $2.02 billion, a net margin of 13.8%.
At the end of fiscal year 2025 it had total assets of $81.37 billion, total liabilities of $57.76 billion and shareholders' equity of $23.61 billion, with total debt of $35.18 billion.
Its operations brought in $4.08 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Xcel Energy Inc.
Income Statement
Annual • USD
Xcel Energy key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $14.6B | $13.4B | $14.1B | $15.2B | $13.4B |
| Gross profit | – | – | – | – | $5.3B |
| Operating income | $2.6B | $2.4B | $2.5B | $2.4B | $2.2B |
| Net income | $2.0B | $1.9B | $1.8B | $1.7B | $1.6B |
| Diluted EPS | – | – | – | – | $2.96 |
| Total assets | $81.4B | $70.0B | $64.1B | $61.2B | $57.9B |
| Total liabilities | $57.8B | $50.5B | $46.5B | $44.5B | $42.2B |
| Shareholders' equity | $23.6B | $19.5B | $17.6B | $16.7B | $15.6B |
| Cash | – | – | – | – | $166.0M |
| Total debt | $35.2B | $29.2B | $26.3B | $24.8B | $24.7B |
| Operating cash flow | $4.1B | $4.6B | $5.3B | $3.9B | $2.2B |
| Capital spending | – | – | – | – | $4.2B |
| Free cash flow | – | – | – | – | -$2.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Xcel Energy's revenue in fiscal year 2025?
$14.61 billion, up 9.2% from $13.38 billion in fiscal year 2024.
How much profit does Xcel Energy make?
Xcel Energy reported net income of $2.02 billion for fiscal year 2025 (13.8% of revenue); operating income was $2.58 billion.
How much cash and debt does Xcel Energy have?
At the end of fiscal year 2025: total debt of $35.18 billion.
