Utilities · Multi-Utilities
Xcel Energy: revenue, profit and dividends
In fiscal 2025, Xcel Energy had revenue of $14.7B, up 2.9% a year on average since 2015, and net income of $2.02B (13.8% of revenue). Its dividend per share has gone up 4 years in a row, to $2.28. It has 16% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +9.1% vs 2024
- Ticker
- XEL · Nasdaq
- Sector
- Utilities
- Sub-industry
- Multi-Utilities
- Headquarters
- Minneapolis, Minnesota
- Founded
- 1909
- In the S&P 500 since
- March 4, 1957, the index’s first day
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Xcel Energy Inc · CIK 0000072903
Revenue and net income
Revenue went from $10B in 2007 to $14.7B in 2025.
Diluted earnings per share
Diluted EPS went from $1.35 in 2007 to $3.42 in 2025. Ten-year growth: 5.8% a year.
Dividends per share
Raised 4 years in a row, every year from 2022 to 2025. Ten-year growth: 5.9% a year.
Shares outstanding
15.9% more shares in 2025 than in 2015 (508M → 589M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was −$6.83B in 2025, −46.5% of revenue. Negative in 2007–2008, 2010, 2012–2025.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $14.7B | $2.02B | 13.8% | $3.42 | $2.28 | 589M | $4.08B | $10.9B | −$6.83B |
| 2024 | $13.4B | $1.94B | 14.4% | $3.44 | $2.19 | 563M | $4.64B | $7.36B | −$2.72B |
| 2023 | $14.2B | $1.77B | 12.5% | $3.21 | $2.08 | 552M | $5.33B | $5.85B | −$527M |
| 2022 | $15.3B | $1.74B | 11.3% | $3.17 | $1.95 | 547M | $3.93B | $4.64B | −$706M |
| 2021 | $13.4B | $1.6B | 11.9% | $2.96 | $1.72* | 540M | $2.19B | $4.24B | −$2.06B |
| 2020 | $11.5B | $1.47B | 12.8% | $2.79 | $1.72* | 528M | $2.85B | $5.37B | −$2.52B |
| 2019 | $11.5B | $1.37B | 11.9% | $2.64 | $1.62 | 520M | $3.26B | $4.22B | −$962M |
| 2018 | $11.5B | $1.26B | 10.9% | $2.47 | $1.52 | 511M | $3.12B | $3.96B | −$835M |
| 2017 | $11.4B | $1.15B | 10.1% | $2.25 | $1.44 | 509M | $3.13B | $3.24B | −$118M |
| 2016 | $11.1B | $1.12B | 10.1% | $2.21 | $1.36 | 509M | $3.05B | $3.19B | −$143M |
| 2015 | $11B | $984M | 8.9% | $1.94 | $1.28 | 508M | $3.04B | $3.68B | −$645M |
| 2014 | $11.7B | $1.02B | 8.7% | $2.03 | $1.20 | 504M | $2.66B | $3.2B | −$540M |
| 2013 | $10.9B | $948M | 8.7% | $1.91 | $1.11 | 497M | $2.58B | $3.4B | −$811M |
| 2012 | $10.1B | $905M | 8.9% | $1.85 | $1.07 | 488M | $2.0B | $2.57B | −$565M |
| 2011 | $10.7B | $841M | 7.9% | $1.72 | $1.03 | 486M | $2.41B | $2.21B | $200M |
| 2010 | $10.3B | $756M | 7.3% | $1.62 | $1.00 | 463M | $1.89B | $2.22B | −$322M |
| 2009 | $9.64B | $681M | 7.1% | $1.48 | $0.97 | 457M | $1.91B | $1.78B | $135M |
| 2008 | $11.2B | $641M | 5.7% | $1.46 | $0.94 | 442M | $1.69B | $2.11B | −$426M |
| 2007 | $10B | $573M | 5.7% | $1.35 | $0.91 | 433M | $1.63B | $2.1B | −$465M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Dividends per share for 2020–2021 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Multi-Utilities companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.