Southwest Airlines Co. (LUV) Financial Statements

Southwest Airlines Co. (LUV) reported trailing twelve-month revenue of $31.5B (up 14.5% year on year) and net income of $1.1B as of 2026-09-30, according to EquiReason's reading of its SEC filings. Free cash flow over the same period: -$449.0M.

Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason

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Airlines · Industrials

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Market cap: 20.4B
P/E TTM: 20.4
Dividend yield: 1.7%
52-week: —
Next earnings: 28 Jan, in 96 days

Fiscal-year columns end in the month shown. The current fiscal year appears once its annual report is filed; until then TTM = the last four reported quarters, to Sep 26.

Line	FY2009 Dec 09	FY2010 Dec 10	FY2011 Dec 11	FY2012 Dec 12	FY2013 Dec 13	FY2014 Dec 14	FY2015 Dec 15	FY2016 Dec 16	FY2017 Dec 17	FY2018 Dec 18	FY2019 Dec 19	FY2020 Dec 20	FY2021 Dec 21	FY2022 Dec 22	FY2023 Dec 23	FY2024 Dec 24	FY2025 Dec 25	TTM Sep 26
Revenue	10.35	12.10	15.66	17.09	17.70	18.61	19.82	20.43	21.17	21.97	22.43	9.05	15.79	23.81	26.09	27.48	28.06	31.55
Operating income	0.26	0.99	0.69	0.62	1.28	2.23	4.12	3.52	3.41	3.21	2.96	-3.82	1.72	1.02	0.22	0.32	0.43	1.39
Pre-tax income	0.16	0.75	0.32	0.69	1.21	1.82	3.48	3.45	3.27	3.16	2.96	-4.26	1.33	0.73	0.63	0.60	0.56	1.35
Income tax	0.07	0.29	0.15	0.26	0.46	0.68	1.30	1.27	-0.09	0.70	0.66	-1.18	0.35	0.19	0.17	0.13	0.12	0.30
Net income	0.10	0.46	0.18	0.42	0.75	1.14	2.18	2.18	3.36	2.47	2.30	-3.07	0.98	0.54	0.47	0.47	0.44	1.05
Diluted EPS ($)	0.13	0.61	0.23	0.56	1.05	1.64	3.27	3.45	5.57	4.29	4.27	-5.44	1.61	0.87	0.76	0.76	0.79	2.05
Diluted shares (bn)	0.741	0.747	0.775	0.757	0.718	0.696	0.669	0.633	0.603	0.574	0.539	0.565	0.609	0.642	0.640	0.643	0.558	—

USD billions · SEC XBRL

Southwest Airlines Co. — questions

What is Southwest Airlines Co.'s revenue?: $31.5B over the twelve months to 2026-09-30, up 14.5% year on year, from its 10-Q and 10-K filings.
What is Southwest Airlines Co.'s net income?: $1.1B over the twelve months to 2026-09-30.
What is Southwest Airlines Co.'s free cash flow?: -$449.0M over the twelve months to 2026-09-30.
What are Southwest Airlines Co.'s diluted earnings per share?: $2.05 over the twelve months to 2026-09-30.

Every figure on this page comes from Southwest Airlines Co.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.

How these figures are read: methodology · EquiReason.

Important information. Figures on this page are taken from filings submitted to the U.S. Securities and Exchange Commission (SEC) and processed automatically by EquiReason. They may contain errors, omissions or delays, and EquiReason makes no representation or warranty as to their accuracy, completeness or timeliness. Always verify figures against the original filing on SEC EDGAR before relying on them.

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