Southwest Airlines Co. (LUV)
NYSE: LUV · Real-Time Price · USD
45.38
+0.30 (0.67%)
At close: Jul 27, 2026, 4:00 PM EDT
45.38
0.00 (0.00%)
After-hours: Jul 27, 2026, 7:43 PM EDT
Southwest Airlines Co. Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 30,073 | 28,063 | 27,483 | 26,091 | 23,814 | 15,790 |
Revenue Growth | 9.47% | 2.11% | 5.33% | 9.56% | 50.82% | 74.51% |
Gross Profit Gross Profit Growth | 20,385 | 19,418 | 18,356 | 16,897 | 15,479 | 10,170 |
Operating Income Operating Income Growth | 1,041 | 428 | 321 | 224 | 1,017 | 1,721 |
Net Income Net Income Growth | 837 | 441 | 465 | 465 | 539 | 977 |
Earnings Per Share EPS Growth | 1.63 | 0.79 | 0.76 | 0.76 | 0.87 | 1.61 |
EPS Growth | 146.97% | 3.95% | 0% | -12.64% | -45.96% | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Passenger Non-Loyalty Passenger Non-Loyalty Growth | 21,519 | 20,441 | 20,467 | 19,073 | 17,645 | 11,377 |
Passenger Loyalty - Air Transportation Passenger Loyalty - Air Transportation Growth | 3,043 | 3,259 | 3,484 | 3,639 | 3,028 | 2,136 |
Passenger Ancillary Sold Separately Passenger Ancillary Sold Separately Growth | 2,871 | 1,835 | 1,029 | 925 | 735 | 553 |
Freight Freight Growth | 179 | 171 | 175 | 175 | 177 | 187 |
Other Other Growth | 2,459 | 2,357 | 2,328 | 2,279 | 2,229 | 1,537 |
Revenue (Total) Revenue (Total) Growth | 30,073 | 28,063 | 27,483 | 26,091 | 23,814 | 15,790 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 3,791 | 3,231 | 8,725 | 11,474 | 12,292 | 15,504 |
Total Debt Total Debt Growth | 6,889 | 5,981 | 8,058 | 9,200 | 9,431 | 12,281 |
Net Cash (Debt) Net Cash Growth | -3,098 | -2,750 | 667 | 2,274 | 2,861 | 3,223 |
Net Cash Growth | - | - | -70.67% | -20.52% | -11.23% | 183.97% |
Net Cash Per Share Net Cash Per Share Growth | -6.07 | -4.93 | 1.04 | 3.55 | 4.46 | 5.29 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | 2,530 | 1,842 | 462 | 3,164 | 3,790 | 2,322 |
Capital Expenditures CapEx Growth | -2,985 | -2,673 | -2,054 | -3,520 | -3,924 | -505 |
Free Cash Flow Free Cash Flow Growth | -455 | -831 | -1,592 | -356 | -134 | 1,817 |
Free Cash Flow Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 67.79% | 69.19% | 66.79% | 64.76% | 65.00% | 64.41% |
Operating Margin | 3.46% | 1.53% | 1.17% | 0.86% | 4.27% | 10.90% |
Pretax Margin | 3.55% | 2.01% | 2.18% | 2.43% | 3.06% | 8.39% |
Profit Margin | 2.78% | 1.57% | 1.69% | 1.78% | 2.26% | 6.19% |
FCF Margin | -1.51% | -2.96% | -5.79% | -1.36% | -0.56% | 11.51% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 28, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
Dividend Per Share Dividend Per Share Growth | 0.720 | 0.720 | 0.720 | 0.720 | 0.180 |
Dividend Per Share Growth | 0% | 0% | 0% | 300.00% | - |
Dividend Yield | 1.60% | 1.79% | 2.14% | 2.49% | 0.00% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jul '26 Jul 28, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 28.43 | 52.32 | 44.24 | 38.00 | 38.70 | 26.61 |
Forward PE | 10.48 | 15.58 | 21.53 | 27.85 | 11.30 | 41.58 |
P/FCF Ratio | - | - | - | - | - | 13.96 |
PS Ratio | 0.74 | 0.76 | 0.73 | 0.66 | 0.84 | 1.61 |