Southwest Airlines Company

Industrials · Airlines

42.70$ +2.7% vs. previous close Closing price · As of: Sep 25, 2026

Statements

Income Statement

Southwest Airlines Company (LUV) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 8,433 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement LUV
Line item	Q3 16	Q4 16	Q1 17	Q2 17	Q3 17	Q4 17	Q1 18	Q2 18	Q3 18	Q4 18	Q1 19	Q2 19	Q3 19	Q4 19	Q1 20	Q2 20	Q3 20	Q4 20	Q1 21	Q2 21	Q3 21	Q4 21	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	5,139	5,076	4,883	5,744	5,271	5,274	4,944	5,742	5,575	5,704	5,149	5,909	5,639	5,729	4,234	1,008	1,793	2,013	2,052	4,008	4,679	5,051	4,694	6,728	6,220	6,172	5,706	7,037	6,525	6,823	6,329	7,354	6,870	6,930	6,428	7,244	6,949	7,442	7,249	8,433	30,073
Cost of Revenue	3,786	3,570	3,560	3,789	3,717	3,834	3,703	4,039	4,038	4,128	3,914	4,173	4,058	4,299	3,646	1,915	2,716	2,660	1,390	2,828	3,284	4,172	4,114	4,779	5,006	5,165	5,038	5,286	5,450	6,096	5,704	5,863	5,753	5,702	5,561	5,886	5,791	5,931	6,521	-6,521	11,722
Gross Profit	1,353	1,505	1,294	1,942	1,586	1,440	1,241	1,703	1,537	1,576	1,235	1,736	1,581	1,431	588	-907	-923	-647	662	1,180	1,395	879	580	1,949	1,214	1,007	668	1,751	1,075	727	625	1,491	1,117	1,228	867	1,358	1,158	1,511	728	14,954	18,351
Research & Development	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, General & Administrative	2,567	2,370	2,375	2,549	2,494	14	2,446	2,658	2,651	12	2,706	2,836	2,764	4.0	2,126	1,934	1,863	1.0	1,744	2,047	2,372	497	2,440	2,430	2,526	1,169	2,718	3,057	3,054	863	–	–	3,405	3,537	3,394	3,593	3,518	3,687	–	–	–
Total Operating Expenses	658	660	688	727	741	667	625	731	739	756	730	768	762	766	698	220	488	521	463	586	662	684	731	791	819	1,392	952	956	958	1,131	1,018	1,093	1,079	950	1,090	1,133	1,123	1,120	398	14,669	17,310
Operating Income	695	845	606	1,215	845	773	616	972	798	820	505	968	819	665	-110	-1,127	-1,411	-1,168	199	594	733	195	-151	1,158	395	-385	-284	795	117	-404	-393	398	38	278	-223	225	35	391	330	285	1,041
Interest Expense	19	16	18	14	13	19	22	23	24	23	22	22	20	19	23	89	100	102	103	108	106	115	84	82	75	60	60	60	59	58	58	55	54	47	35	26	22	31	42	76	171
Pre-Tax Income	618	809	532	1,165	832	738	602	960	786	817	504	968	819	666	-144	-1,239	-1,542	-1,331	146	502	600	77	-376	1,036	353	-285	-205	886	237	-286	-298	478	89	329	-192	280	68	407	285	307	1,067
Income Tax Expense	230	287	193	422	304	-1,150	139	227	171	163	117	227	160	153	-50	-324	-385	-423	30	154	154	9.0	-98	276	76	-65	-46	203	44	-34	-67	111	22	68	-43	67	14	84	58	74	230
Net Income	388	522	351	746	503	1,888	463	733	615	654	387	741	659	514	-94	-915	-1,157	-908	116	348	446	68	-278	760	277	-220	-159	683	193	-252	-231	367	67	261	-149	213	54	323	227	233	837
EBITDA	952	1,143	868	1,498	1,147	1,036	901	1,275	1,111	1,171	823	1,292	1,147	998	190	-837	-1,127	-914	561	925	1,028	515	32	1,443	763	142	220	1,313	671	187	168	937	581	783	239	706	484	809	725	690	2,708

LTM = last twelve months (sum of the four most recent quarters).

Showing the most recent 40 periods — older statements are on file for this stock.

Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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