Southwest Airlines Co. (LUV)
NYSE: LUV · Real-Time Price · USD
38.01
-0.19 (-0.50%)
At close: Apr 28, 2026, 4:00 PM EDT
38.15
+0.14 (0.37%)
After-hours: Apr 28, 2026, 7:56 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 2020 - 2016 |
| Operating Revenue | 26,489 | 25,706 | 25,155 | 23,812 | 21,585 | 14,253 | Upgrade
|
| Other Revenue | 2,395 | 2,357 | 2,328 | 2,279 | 2,229 | 1,537 | Upgrade
|
| Revenue | 28,884 | 28,063 | 27,483 | 26,091 | 23,814 | 15,790 | Upgrade
|
| Revenue Growth (YoY) | 4.72% | 2.11% | 5.33% | 9.56% | 50.82% | 74.51% | Upgrade
|
| Cost of Revenue | 22,239 | 21,878 | 21,623 | 20,534 | 17,906 | 13,457 | Upgrade
|
| Gross Profit | 6,645 | 6,185 | 5,860 | 5,557 | 5,908 | 2,333 | Upgrade
|
| Selling, General & Admin | 332 | 332 | 346 | 266 | 224 | 185 | Upgrade
|
| Other Operating Expenses | 3,782 | 3,815 | 3,572 | 3,547 | 3,323 | 2,005 | Upgrade
|
| Operating Expenses | 5,676 | 5,707 | 5,575 | 5,335 | 4,898 | 3,462 | Upgrade
|
| Operating Income | 969 | 478 | 285 | 222 | 1,010 | -1,129 | Upgrade
|
| Interest Expense | -120 | -113 | -214 | -236 | -301 | -431 | Upgrade
|
| Interest & Investment Income | 144 | 205 | 497 | 583 | 217 | 13 | Upgrade
|
| Other Non Operating Income (Expenses) | 35 | 43 | 44 | 64 | -5 | 60 | Upgrade
|
| EBT Excluding Unusual Items | 1,028 | 613 | 612 | 633 | 921 | -1,487 | Upgrade
|
| Merger & Restructuring Charges | - | -62 | -5 | - | - | 140 | Upgrade
|
| Other Unusual Items | 12 | 12 | -9 | - | -193 | 2,672 | Upgrade
|
| Pretax Income | 1,040 | 563 | 598 | 633 | 728 | 1,325 | Upgrade
|
| Income Tax Expense | 223 | 122 | 133 | 168 | 189 | 348 | Upgrade
|
| Net Income | 817 | 441 | 465 | 465 | 539 | 977 | Upgrade
|
| Net Income to Common | 817 | 441 | 465 | 465 | 539 | 977 | Upgrade
|
| Net Income Growth | 49.36% | -5.16% | - | -13.73% | -44.83% | - | Upgrade
|
| Shares Outstanding (Basic) | 519 | 540 | 598 | 595 | 593 | 592 | Upgrade
|
| Shares Outstanding (Diluted) | 538 | 558 | 643 | 640 | 642 | 609 | Upgrade
|
| Shares Change (YoY) | -15.94% | -13.22% | 0.47% | -0.31% | 5.42% | 7.79% | Upgrade
|
| EPS (Basic) | 1.58 | 0.82 | 0.78 | 0.78 | 0.91 | 1.65 | Upgrade
|
| EPS (Diluted) | 1.53 | 0.79 | 0.75 | 0.76 | 0.87 | 1.61 | Upgrade
|
| EPS Growth | 72.40% | 5.02% | -0.26% | -13.46% | -45.73% | - | Upgrade
|
| Free Cash Flow | -376 | -831 | -1,592 | -356 | -156 | 1,811 | Upgrade
|
| Free Cash Flow Per Share | -0.70 | -1.49 | -2.48 | -0.56 | -0.24 | 2.97 | Upgrade
|
| Dividend Per Share | 0.720 | 0.720 | 0.720 | 0.720 | 0.180 | - | Upgrade
|
| Dividend Growth | - | - | - | 300.00% | - | - | Upgrade
|
| Gross Margin | 23.01% | 22.04% | 21.32% | 21.30% | 24.81% | 14.77% | Upgrade
|
| Operating Margin | 3.36% | 1.70% | 1.04% | 0.85% | 4.24% | -7.15% | Upgrade
|
| Profit Margin | 2.83% | 1.57% | 1.69% | 1.78% | 2.26% | 6.19% | Upgrade
|
| Free Cash Flow Margin | -1.30% | -2.96% | -5.79% | -1.36% | -0.66% | 11.47% | Upgrade
|
| EBITDA | 2,213 | 1,720 | 1,671 | 1,498 | 2,129 | -70 | Upgrade
|
| EBITDA Margin | 7.66% | 6.13% | 6.08% | 5.74% | 8.94% | -0.44% | Upgrade
|
| D&A For EBITDA | 1,244 | 1,242 | 1,386 | 1,276 | 1,119 | 1,059 | Upgrade
|
| EBIT | 969 | 478 | 285 | 222 | 1,010 | -1,129 | Upgrade
|
| EBIT Margin | 3.36% | 1.70% | 1.04% | 0.85% | 4.24% | -7.15% | Upgrade
|
| Effective Tax Rate | 21.44% | 21.67% | 22.24% | 26.54% | 25.96% | 26.26% | Upgrade
|
| Revenue as Reported | 28,884 | 28,063 | 27,483 | 26,091 | 23,814 | 15,790 | Upgrade
|
| Advertising Expenses | - | 332 | 346 | 266 | 224 | 185 | Upgrade
|
Source: S&P Capital IQ. Standard template. Financial Sources.