The purpose of this study is to determine the financial performance of PT XL Axiata tbk using the Economic Value Added (EVA) method from 2012 to 2016. The method used in this research is descriptive method with a quantitative approach. Data collection techniques using interview research, documentation and literature. Meanwhile, data processing techniques are carried out by rearranging data, presenting a list of own capital, calculating the level of economic value added (EVA). The results of this study indicate that with the analysis of Economic Value Added (EVA) for 5 periods, from the whole it gives an idea that the financial performance of PT XL Axiata tbk using Economic Value Added (EVA) analysis as a whole financial performance is in a good position because it is positive. In the analysis of the Economic Value Added (EVA) method, it assumes that there is no free capital, Economic Value Added (EVA) involves an element of the cost of capital, namely the cost of debt and the cost of equity.