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 (2025), "Revenue" came in at 28,063 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.

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Income Statement LUV
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	3,406	3,817	4,164	4,736	5,650	5,555	5,522	5,937	6,530	7,584	9,086	9,861	11,023	10,350	12,104	15,658	17,088	17,699	18,605	19,820	20,425	21,171	21,965	22,428	9,048	15,790	23,814	26,091	27,483	28,063
Cost of Revenue	2,107	2,204	2,221	2,522	2,966	3,150	3,233	3,353	3,687	4,210	5,238	2,590	3,618	4,667	9,690	12,952	14,243	14,209	14,049	13,423	14,064	14,892	15,907	16,445	10,938	11,675	19,062	21,868	23,024	23,168
Gross Profit	1,299	1,613	1,943	2,214	2,684	2,405	2,289	2,584	2,843	3,374	3,848	7,271	7,405	5,683	2,414	2,706	2,845	3,490	4,556	6,397	6,225	6,254	6,058	5,983	-1,890	4,115	4,752	4,223	4,459	4,895
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	1,660	1,700	1,861	2,210	2,304	2,462	2,634	2,875	3,034	3,319	3,705	3,213	3,340	3,468	3,704	4,371	6,788	7,161	7,639	7,388	2,471	2,623	2,637	2,814	1,770	2,203	3,511	3,726	14,125	14,190
Total Operating Expenses	3,434	1,089	1,259	1,432	1,662	1,774	1,948	2,205	2,289	2,649	2,914	6,480	6,956	5,421	1,426	2,013	2,222	2,212	2,331	2,281	2,703	2,847	2,852	3,026	1,926	2,394	3,735	3,999	4,138	4,467
Operating Income	351	524	684	782	1,022	631	341	379	554	725	934	791	449	262	988	693	623	1,278	2,225	4,116	3,522	3,407	3,206	2,957	-3,816	1,721	1,017	224	321	428
Interest Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	91	88	122	128	119	105	165	149	182	126	107	107	90	75	65	93	82	314	431	301	236	214	113
Pre-Tax Income	341	517	705	774	1,018	828	317	604	489	779	790	1,058	278	164	745	323	685	1,209	1,816	3,479	3,450	3,265	3,164	2,957	-4,256	1,325	728	633	598	563
Income Tax Expense	134	199	272	299	392	317	152	232	176	295	291	413	100	65	286	145	264	455	680	1,298	1,267	-92	699	657	-1,182	348	189	168	133	122
Net Income	207	318	433	474	603	511	241	442	313	548	499	645	178	99	459	178	421	754	1,136	2,181	2,244	3,488	2,465	2,300	-3,074	977	539	465	465	441
EBITDA	-1,994	-1,890	-1,729	-1,933	1,303	949	-3,068	763	-3,289	1,194	1,449	1,732	982	945	1,522	1,220	1,655	2,183	2,861	4,584	4,746	4,548	4,458	4,258	-2,687	3,028	2,380	2,391	2,469	2,236

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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