How many employees does Xcel Energy Inc. have?

Xcel Energy Inc. reported 11,534 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 25, 2026. That is up 1.4% from a year earlier.

What is Xcel Energy Inc.'s revenue per employee?

Xcel Energy Inc. brought in $14.7B of revenue in fiscal Dec 2025, which is $1.27M per employee. That ranks 10 of 31 companies we track in Regulated Electric, where the median is $1.18M.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Xcel Energy Inc. employees and revenue per employee

XEL · Regulated Electric · $44.6B market cap

Xcel Energy Inc. had 11,534 employees at the end of fiscal Dec 2025, up 1.4% from a year earlier. Revenue for the year was $14.7B, up 9.1% from a year earlier, or $1.27M per employee. Revenue and headcount both grew, and revenue grew faster.

Employees

11,534

+1.4% YoY

Revenue

$14.7B

+9.1% YoY

Revenue / employee

$1.27M

Peer median $1.18M

Rank in industry

10 of 31

Regulated Electric

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2016

Hover a year for the numbers.

XEL employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	11,534	$14.7B	$1.27M	+1.4%	+9.1%
Dec 2024	11,380	$13.4B	$1.18M	+0.6%	-5.4%
Dec 2023	11,311	$14.2B	$1.26M	-5.6%	-7.2%
Dec 2022	11,982	$15.3B	$1.28M	+5.8%	+14.0%
Dec 2021	11,321	$13.4B	$1.19M	+122.9%	+16.5%
Dec 2020	5,078	$11.5B	$2.27M	-55.0%	-0.0%
Dec 2019	11,273	$11.5B	$1.02M	+2.1%	-0.1%
Dec 2018	11,043	$11.5B	$1.04M	-0.3%	+1.2%
Dec 2017	11,075	$11.4B	$1.03M	-3.2%	+2.7%
Dec 2016	11,440	$11.1B	$971K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Xcel Energy Inc. against similar companies

The closest industry peers by revenue, from Regulated Electric.

Company	Employees	Revenue	Revenue / employee	Shape
DTE DTE Energy Company	9,650	$15.8B	$1.64M	Efficient growth
DTW DTE Energy Company 5.25 % Debentures 2017-01.12.77 Global	9,650	$15.8B	$1.64M	Efficient growth
FE FirstEnergy Corp.	11,186	$15.1B	$1.35M	Leaner
XEL Xcel Energy Inc.	11,534	$14.7B	$1.27M	Efficient growth
ES Eversource Energy	10,731	$13.5B	$1.26M	Efficient growth
ED Consolidated Edison, Inc.	15,407	$16.9B	$1.10M	Efficient growth
D Dominion Energy, Inc.	15,200	$16.5B	$1.09M	Efficient growth
ELC Entergy Louisiana, LLC COLLATERAL TR MT	12,233	$12.9B	$1.06M	Leaner
ETR Entergy Corporation	12,233	$12.9B	$1.06M	Leaner

Every Utilities company

Questions about Xcel Energy Inc.

How many employees does Xcel Energy Inc. have?: Xcel Energy Inc. reported 11,534 employees for the fiscal year ending Dec 2025, in the annual report it filed on February 25, 2026. That is up 1.4% from a year earlier.
What is Xcel Energy Inc.'s revenue per employee?: Xcel Energy Inc. brought in $14.7B of revenue in fiscal Dec 2025, which is $1.27M per employee. That ranks 10 of 31 companies we track in Regulated Electric, where the median is $1.18M.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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More data

Compare XEL with the rest of the market

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Source: employee counts and revenue as stated in Xcel Energy Inc.'s annual reports (Form 10-K), latest filed February 25, 2026. This is data, not a recommendation to buy or sell XEL.