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Southwest Airlines Co. (LUV)
NYSE: LUV · Real-Time Price · USD
46.31
+0.93 (2.05%)
At close: Jul 28, 2026, 4:00 PM EDT
46.19
-0.12 (-0.26%)
After-hours: Jul 28, 2026, 7:59 PM EDT

Southwest Airlines Co. Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
8,4327,2507,4426,9497,2446,4286,9306,8707,3546,3296,8236,5257,0375,7066,1726,2206,7284,6945,0514,679
Revenue Growth (YoY)
16.40%12.79%7.39%1.15%-1.50%1.56%1.57%5.29%4.50%10.92%10.55%4.90%4.59%21.56%22.19%32.93%67.86%128.75%150.92%160.96%
Cost of Revenue
3,1452,1862,1792,1782,2242,0632,0652,2452,4602,3562,5202,3472,1332,1952,1932,3492,2341,5611,6211,616
Gross Profit
5,2875,0645,2634,7715,0204,3654,8654,6254,8943,9734,3034,1784,9043,5113,9793,8714,4943,1333,4303,063
Selling, General & Admin
3,4993,2983,3803,2193,2623,1023,2303,0702,9992,9403,1612,7282,7862,4782,6052,3222,2202,2292,2281,346
Depreciation & Amortization Expenses
402398371394400396407438404408415375367365367335325324323322
Other Operating Expenses
1,1011,0381,1211,1231,1331,0909501,0791,0931,0181,1319589569521,392819791731684662
Total Operating Expenses
5,0024,7344,8724,7364,7954,5884,5874,5874,4964,3664,7074,0614,1093,7954,3643,4763,3363,2843,2352,330
Operating Income
28533039135225-22327838398-393-404117795-284-3853951,158-151195733
Interest Income
3324333454841051211301411581561441251167028372
Interest Expense
-52-41-31-22-26-35-47-54-55-58-58-59-60-60-60-75-82-84-115-106
Other Non-Operating Income (Expense)
40-27152127-18-5-16512182371444-37-68-144-10-29
Total Non-Operating Income (Expense)
21-4417335531515180951181209179100-42-122-225-118-133
Pretax Income
30628640868280-19232989478-298-286237886-205-2853531,036-37677600
Provision for Income Taxes
7359851467-436822111-67-3444203-46-6576276-989154
Net Income
23322732354213-14926167367-231-252193683-159-220277760-27868446
Net Income to Common
23322732354213-14926167367-231-252193683-159-220277760-27868446
Net Income Growth (YoY)
9.39%-23.76%-19.40%-41.96%---65.29%-46.27%---30.33%-10.13%---37.89%118.39%---
Shares Outstanding (Basic)
489498516523538584595599599597596596595594594593593592592592
Shares Outstanding (Diluted)
493503521526541584641601643597596640639594594639635592603607
Shares Change (YoY)
-8.87%-13.87%-18.72%-12.48%-15.86%-2.18%7.55%-6.09%0.63%0.51%0.34%0.16%0.63%0.34%-1.49%5.27%3.25%-2.79%2.20%2.88%
EPS (Basic)
0.480.450.630.100.40-0.260.440.110.61-0.39-0.420.321.15-0.27-0.370.471.29-0.470.110.75
EPS (Diluted)
0.470.450.610.100.39-0.260.420.110.58-0.39-0.420.311.08-0.27-0.370.441.20-0.470.110.73
EPS Growth (YoY)
20.51%-45.24%-9.09%-32.76%---64.52%-46.30%---29.54%-10.00%---39.73%110.53%---

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
-288788-564-391-25933316-404-517-687-283-226491-340-777-83891956167-710
Free Cash Flow Growth (YoY)
-136.64%-----------46.57%----51.89%2.00%--
Free Cash Flow Per Share
-0.581.57-1.08-0.74-0.480.570.02-0.67-0.80-1.15-0.47-0.350.77-0.57-1.31-1.311.450.950.11-1.17
Dividends Per Share
0.1800.1800.1800.1800.1800.1800.1800.1800.1800.1800.1800.1800.1800.1800.180-----
Dividend Growth (YoY)
0%0%0%0%0%0%0%0%0%0%0%---------
Gross Margin
62.70%69.85%70.72%68.66%69.30%67.91%70.20%67.32%66.55%62.77%63.07%64.03%69.69%61.53%64.47%62.23%66.80%66.74%67.91%65.46%
Operating Margin
3.38%4.55%5.25%0.50%3.11%-3.47%4.01%0.55%5.41%-6.21%-5.92%1.79%11.30%-4.98%-6.24%6.35%17.21%-3.22%3.86%15.67%
Profit Margin
2.76%3.13%4.34%0.78%2.94%-2.32%3.77%0.98%4.99%-3.65%-3.69%2.96%9.71%-2.79%-3.56%4.45%11.30%-5.92%1.35%9.53%
FCF Margin
-3.42%10.87%-7.58%-5.63%-3.58%5.18%0.23%-5.88%-7.03%-10.85%-4.15%-3.46%6.98%-5.96%-12.59%-13.47%13.66%11.95%1.33%-15.17%
EBITDA
68772876242962517368547680215114921,16281-187301,4831735181,055
EBITDA Margin
8.15%10.04%10.24%6.17%8.63%2.69%9.88%6.93%10.91%0.24%0.16%7.54%16.51%1.42%-0.29%11.74%22.04%3.69%10.26%22.55%
EBIT
28533039135225-22327838398-393-404117795-284-3853951,158-151195733
EBIT Margin
3.38%4.55%5.25%0.50%3.11%-3.47%4.01%0.55%5.41%-6.21%-5.92%1.79%11.30%-4.98%-6.24%6.35%17.21%-3.22%3.86%15.67%
Effective Tax Rate
23.86%20.63%20.83%20.59%23.93%22.40%20.67%24.72%23.22%22.48%11.89%18.57%22.91%22.44%22.81%21.53%26.64%26.06%11.69%25.67%
SEC Filings: 10-K · 10-Q