Southwest Airlines Co. (LUV)
Industrials · Airlines · NYSE
Southwest Airlines Co. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.43B | $21.17B | $21.96B | $22.43B | $9.05B | $15.79B | $23.81B | $26.09B | $27.48B | $28.06B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $2.18B | $3.36B | $2.46B | $2.30B | $-3.07B | $977.00M | $539.00M | $498.00M | $465.00M | $441.00M |
| Net margin | 10.7% | 15.9% | 11.2% | 10.3% | -34.0% | 6.2% | 2.3% | 1.9% | 1.7% | 1.6% |
Source: Southwest Airlines Co. SEC filings (10-K). 19 years of history available in the interactive view.
Explore 19 years of Southwest Airlines Co. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Southwest Airlines Co. financial history by metric
About Southwest Airlines Co.
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and internationally. It also provides Rapid Rewards loyalty program; SWABIZ, an online booking tool; and inflight entertainment platform that includes movies-on-demand live and on-demand television, flight tracker, and additional curated content, as well as a variety of premium snacks and coffee. In addition, the company offers ancillary services, such as in-flight purchases, baggage fees, EarlyBird Check-In, and upgraded boarding, as well as transportation of pets and unaccompanied minors. As of December 31, 2025, the company operated a total fleet of 803 Boeing 737 aircraft; and served 117 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. Southwest Airlines Co. was incorporated in 1967 and is headquartered in Dallas, Texas.
Southwest Airlines Co. — frequently asked questions
What is Southwest Airlines Co.'s revenue?
Southwest Airlines Co. (LUV) reported revenue of $28.06B for fiscal year 2025, up 2.1% from the prior year, according to its SEC filings.
Is Southwest Airlines Co. profitable?
Yes. LUV earned net income of $441.00M in fiscal 2025, a net margin of 1.6%.
What is LUV's P/E ratio?
Southwest Airlines Co. trades at a price-to-earnings ratio of about 28.8 based on the latest data in our nightly-refreshed cache.
How fast is Southwest Airlines Co. growing?
LUV's revenue grew at roughly 25.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Southwest Airlines Co. have?
As of fiscal year 2025, LUV carried roughly $4.93B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Southwest Airlines Co.'s market cap?
Southwest Airlines Co. (LUV) has a market capitalization of about $21.10B, based on the latest data in our nightly-refreshed cache.
When does Southwest Airlines Co.'s fiscal year end?
LUV's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Southwest Airlines Co.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.