TickerFacts.

Company research / LUV

Southwest Airlines Co (LUV)

Build a valuation ↗↓ Download CSV

SEC name SOUTHWEST AIRLINES CO · CIK 0000092380 · NYSE · Air Transportation, Scheduled

  • Sector Transportation & Utilities
  • Incorporated TX
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Southwest Airlines Co reported revenue of $28.06B. Revenue grew 2.1% from the prior annual period. Over the twelve months to 2026-09-30, revenue was $31.55B.

Key ratios (year ended 2025-12-31)

1.5%
Operating margin
1.6%
Net margin
5.5%
Return on year-end equity
2.1%
Revenue growth (YoY)

Beyond the statements

Follow the company.

Explore new filings, reported insider transactions and company relationships.

Open company research ↗

Latest selected filing: Form 10-Q (quarterly report) · 2026-10-22

Headquarters locality: Dallas · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-09-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-09-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$31.55B$28.06B$27.48B$26.09B$23.81B$15.79B$9.05B$22.43B$21.96B$21.15B$20.29B
Operating Income$1.39B$428.00M$321.00M$224.00M$1.02B$1.72B-$3.82B$2.96B$3.21B$3.41B$3.52B
Depreciation & Amortization$1.57B$1.56B$1.66B$1.52B$1.35B$1.27B$1.25B$1.22B$1.20B$1.22B$1.22B
EBITDA$2.95B$1.99B$1.98B$1.75B$2.37B$2.99B-$2.56B$4.18B$4.41B$4.62B$4.74B
Net Income$1.05B$441.00M$465.00M$465.00M$539.00M$977.00M-$3.07B$2.30B$2.46B$3.36B$2.18B
EPS (Diluted)n/a$0.79$0.76$0.76$0.87$1.61-$5.44$4.27$4.29$5.57$3.45
Total Assets$30.54B$29.06B$33.75B$36.49B$35.37B$36.32B$34.59B$25.89B$26.24B$25.11B$23.29B
Long-Term Debtn/a$4.93B$6.70B$8.01B$8.10Bn/an/an/an/an/an/a
Shareholders' Equity$7.33B$7.98B$10.35B$10.52B$10.69B$10.41B$8.88B$9.83B$9.85B$9.64B$7.78B
Cash & Equivalents$3.62B$3.23B$7.51B$9.29B$9.49B$12.48B$11.06B$2.55B$1.85B$1.50B$1.68B
Operating Cash Flow$2.75B$1.84B$462.00M$3.16B$3.79B$2.32B-$1.13B$3.99B$4.89B$3.93B$4.29B
Capital Expendituresn/a$2.67B$2.05B$3.52B$3.92B$505.00M$515.00M$1.03B$1.92B$2.12B$2.04B
Free Cash Flown/a-$831.00M-$1.59B-$356.00M-$134.00M$1.82B-$1.64B$2.96B$2.97B$1.81B$2.25B
Share Repurchases$1.30B$2.55B$250.00M$0$0$0$451.00M$2.00B$2.00B$1.60B$1.75B
Dividends Paid$357.00M$399.00M$430.00M$428.00M$0$0$188.00M$372.00M$332.00M$274.00M$222.00M
Dividends Per Sharen/a$0.72$0.72$0.72$0.18n/a$0.18$0.70$0.60$0.47$0.38
Weighted Average Diluted Sharesn/a558.00M643.00M640.00M642.00M609.00M565.00M539.00M574.00M603.00M633.00M
EPS (Basic)n/a$0.82$0.78$0.78$0.91$1.65-$5.44$4.28$4.30$5.58$3.48

Price chart

Chart and quotes by TradingView. Exchange coverage and delays vary.

Open chart on TradingView