Southwest Airlines Co. (LUV)
NYSE: LUV · Real-Time Price · USD
34.08
+0.09 (0.26%)
At close: Jul 3, 2025, 1:00 PM
34.10
+0.02 (0.06%)
After-hours: Jul 3, 2025, 5:00 PM EDT
Southwest Airlines Co. Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
Operating Revenue | 25,253 | 25,155 | 23,812 | 21,585 | 14,253 | 7,826 | Upgrade
|
Other Revenue | 2,329 | 2,328 | 2,279 | 2,229 | 1,537 | 1,222 | Upgrade
|
| 27,582 | 27,483 | 26,091 | 23,814 | 15,790 | 9,048 | Upgrade
| |
Revenue Growth (YoY) | 3.25% | 5.33% | 9.56% | 50.82% | 74.51% | -59.66% | Upgrade
|
Cost of Revenue | 21,466 | 21,623 | 19,996 | 17,906 | 13,457 | 9,908 | Upgrade
|
Gross Profit | 6,116 | 5,860 | 6,095 | 5,908 | 2,333 | -860 | Upgrade
|
Selling, General & Admin | 346 | 346 | 266 | 224 | 185 | 157 | Upgrade
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Other Operating Expenses | 3,608 | 3,572 | 3,428 | 3,323 | 2,005 | 1,743 | Upgrade
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Operating Expenses | 5,599 | 5,575 | 5,216 | 4,898 | 3,462 | 3,155 | Upgrade
|
Operating Income | 517 | 285 | 879 | 1,010 | -1,129 | -4,015 | Upgrade
|
Interest Expense | -191 | -214 | -236 | -301 | -431 | -314 | Upgrade
|
Interest & Investment Income | 440 | 497 | 583 | 217 | 13 | 32 | Upgrade
|
Other Non Operating Income (Expenses) | 15 | 46 | 43 | -5 | 60 | -94 | Upgrade
|
EBT Excluding Unusual Items | 781 | 614 | 1,269 | 921 | -1,487 | -4,391 | Upgrade
|
Merger & Restructuring Charges | -67 | -5 | - | - | 140 | - | Upgrade
|
Gain (Loss) on Sale of Investments | - | - | 4 | - | - | - | Upgrade
|
Gain (Loss) on Sale of Assets | - | - | - | - | - | 222 | Upgrade
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Asset Writedown | - | - | - | - | - | -32 | Upgrade
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Legal Settlements | - | - | -107 | - | - | - | Upgrade
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Other Unusual Items | -10 | -11 | -533 | -193 | 2,672 | -55 | Upgrade
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Pretax Income | 704 | 598 | 633 | 728 | 1,325 | -4,256 | Upgrade
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Income Tax Expense | 157 | 133 | 168 | 189 | 348 | -1,182 | Upgrade
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Net Income | 547 | 465 | 465 | 539 | 977 | -3,074 | Upgrade
|
Net Income to Common | 547 | 465 | 465 | 539 | 977 | -3,074 | Upgrade
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Net Income Growth | 39.19% | - | -13.73% | -44.83% | - | - | Upgrade
|
Shares Outstanding (Basic) | 595 | 598 | 595 | 593 | 592 | 565 | Upgrade
|
Shares Outstanding (Diluted) | 640 | 643 | 640 | 642 | 609 | 565 | Upgrade
|
Shares Change (YoY) | -0.16% | 0.47% | -0.31% | 5.42% | 7.79% | 4.82% | Upgrade
|
EPS (Basic) | 0.92 | 0.78 | 0.78 | 0.91 | 1.65 | -5.44 | Upgrade
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EPS (Diluted) | 0.88 | 0.75 | 0.76 | 0.87 | 1.61 | -5.44 | Upgrade
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EPS Growth | 37.74% | -0.26% | -13.46% | -45.73% | - | - | Upgrade
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Free Cash Flow | -563 | -1,618 | -389 | -156 | 1,811 | -1,642 | Upgrade
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Free Cash Flow Per Share | -0.88 | -2.52 | -0.61 | -0.24 | 2.97 | -2.91 | Upgrade
|
Dividend Per Share | 0.720 | 0.720 | 0.720 | 0.180 | - | 0.180 | Upgrade
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Dividend Growth | - | - | 300.00% | - | - | -74.29% | Upgrade
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Gross Margin | 22.17% | 21.32% | 23.36% | 24.81% | 14.77% | -9.50% | Upgrade
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Operating Margin | 1.87% | 1.04% | 3.37% | 4.24% | -7.15% | -44.37% | Upgrade
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Profit Margin | 1.98% | 1.69% | 1.78% | 2.26% | 6.19% | -33.97% | Upgrade
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Free Cash Flow Margin | -2.04% | -5.89% | -1.49% | -0.66% | 11.47% | -18.15% | Upgrade
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EBITDA | 1,891 | 1,671 | 2,155 | 2,129 | -70 | -2,963 | Upgrade
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EBITDA Margin | 6.86% | 6.08% | 8.26% | 8.94% | -0.44% | -32.75% | Upgrade
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D&A For EBITDA | 1,374 | 1,386 | 1,276 | 1,119 | 1,059 | 1,052 | Upgrade
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EBIT | 517 | 285 | 879 | 1,010 | -1,129 | -4,015 | Upgrade
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EBIT Margin | 1.87% | 1.04% | 3.37% | 4.24% | -7.15% | -44.37% | Upgrade
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Effective Tax Rate | 22.30% | 22.24% | 26.54% | 25.96% | 26.26% | - | Upgrade
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Revenue as Reported | 27,582 | 27,483 | 26,091 | 23,814 | 15,790 | 9,048 | Upgrade
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Advertising Expenses | - | 346 | 266 | 224 | 185 | 156 | Upgrade
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Updated Feb 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.