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Southwest Airlines(NYSE) LUV

Market Cap$22.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1975)+224,919%
5 Year-3%
1 Year+48%
1 Month-11%
$47.00
+4.51%
+2.03Today
After hours$46.81-$0.19 (-0.40%)
Southwest Airlines last closing stock price
MetricPriceDate
Last closeUSD 44.972026-07-31
Southwest Airlines stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.24%USD 45.082026-07-24
1 month-10.9%USD 50.472026-07-01
3 month+16.53%USD 38.592026-05-01
Year to date+9.75%USD 40.972025-12-31
1 year+48.12%USD 30.362025-07-31
3 year+43.56%USD 31.322023-08-01
5 year-3.49%USD 46.602021-07-30
Since inception+224,918.9%USD 0.021975-10-24

Southwest Airlines Financials at a Glance

Market Cap

$22.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$30.07B

Net Income (TTM)

$837.00M

EPS (TTM)

$1.65

P/E Ratio

27.28

Dividend

$0.72

Beta (Volatility)

1.12 (Average)

Price

$47.00

Volume

7,341,075.031

Open

$46.60

Previous Close

$47.07

Daily Range

$45.73 - $47.34

52-Week Range

$28.98 - $55.11

Estimated Earnings Date

Oct 21, 2026

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Page 1

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About Southwest Airlines

Southwest helps people fly across the United States and nearby countries. It makes air travel easier with low prices and simple flight options. The airline serves both vacationers and business travelers looking for direct routes.

The Product Lineup

  • Air Transportation: Scheduled passenger service across 117 destinations in 42 states and 10 near-international countries.
  • Rapid Rewards: Loyalty program where members earn points on flights and with partners to use for future travel.
  • Ancillary Services: Extra travel options including pet transportation, unaccompanied minor care, and priority boarding.
  • Getaways by Southwest: In-house vacation product providing customizable travel packages with lodging and excursions.
  • Business Solutions: Specialized booking tools like SWABIZ and Southwest Business Assist for corporate travel management.

Recent Strategic Moves

  • Launched a new in-house vacation product called Getaways by Southwest in August 2025 to offer flexible travel packages.
  • Introduced 24-hour operations in 2025 by adding overnight redeye flights to maximize aircraft use.
  • Partnered with international carriers including Icelandair, China Airlines, EVA Air, Philippine Airlines, Condor, and Turkish Airlines.
  • Expanded digital reach in 2025 by listing flight options on Expedia, Priceline, and Google Flights.
  • Commenced a major transition to assigned and extra legroom seating in January 2026 to meet passenger preferences.

How Southwest Stands Out

The company uses a single aircraft type, the Boeing 737, to simplify maintenance and flight training. It primarily uses a point-to-point network that connects cities directly instead of funneling all flights through a few central hubs.

Financial Results by the Numbers

  • Revenue reached $7.4 billion in Q4 2025, up 7.4% from Q4 2024.
  • Net income rose to $323 million in Q4 2025, a 23.8% increase over the previous year.
  • Operating income grew to $391 million in Q4 2025, up 40.6% from Q4 2024.
  • Fuel efficiency improved to 83 available seat miles per gallon in 2025, up from 80.8 in 2024.
  • Free cash flow fell to -$564 million in Q4 2025, down from $16 million in Q4 2024.

Bottom Line

Southwest has shifted from a regional low-cost carrier to a major airline with international partnerships and modernized seating options. Its move toward assigned seating and global distribution marks a significant change in its traditional business model.

AI Generated • Apr 20, 2026

Industry

Airlines

Sector

Industrials

Employees

73,456

CEO

Robert E. Jordan, MBA

Website

www.southwest.com

Headquarters

Dallas, TX 75235-1611, US

LUV Financials

Key Financial Metrics (TTM)

Gross Margin

61.02%

Operating Margin

3.46%

Net Income Margin

2.78%

Return on Equity

11.27%

Return on Capital

3.07%

Return on Assets

2.78%

Earnings Yield

3.67%

Dividend Yield

1.60%

Payout Ratio

44.21%

Stock Overview

Market Cap

$22.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

489.21M

Volume

7.34M

Avg. Volume

6.37M

Financials (TTM)

Gross Profit

$18.35B

Operating Income

$1.04B

EBITDA

$2.71B

Operating Cash Flow

$2.36B

Capital Expenditure

-$2.99B

Free Cash Flow

-$621.00M

Cash & ST Invst.

$3.79B

Total Debt

$6.89B

Southwest Airlines Performance Analysis

Southwest Airlines annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 23,814,000,00050.8%
20232023-12-31USD 26,091,000,0009.6%
20242024-12-31USD 27,483,000,0005.3%
20252025-12-31USD 28,063,000,0002.1%
Southwest Airlines sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-4.1%
Q42025-12-317.1%
Q12026-03-31-2.6%
Q22026-06-3016.3%
Southwest Airlines annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.84-47.7%
20232023-12-31USD 0.73-13.5%
20242024-12-31USD 0.753.8%
20252025-12-31USD 0.795.0%
Southwest Airlines sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-74.4%
Q42025-12-31510.0%
Q12026-03-31-26.2%
Q22026-06-304.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$8.43B

+16.4%

Gross Profit

$14.95B

+1001.2%

Gross Margin

1.77%

N/A

Market Cap

$22.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$302.23K

N/A

Employees

72,790

N/A

Net Income

$233.00M

+9.4%

EBITDA

$690.00M

-2.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$3.79B

-1.3%

Total Debt

$6.89B

+29.0%

Accounts Receivable

$1.22B

+20.2%

Inventory

$917.00M

+18.6%

Long Term Debt

$4.45B

-10.9%

Short Term Debt

$2.44B

+607.0%

Return on Assets

2.78%

N/A

Return on Invested Capital

6.18%

N/A

Free Cash Flow

-$454.00M

-94.0%

Operating Cash Flow

$364.00M

-9.2%

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Questions About LUV

What is the current price of Southwest Airlines?

Southwest Airlines is trading at $47.07 per share.

What is the 52-week range for Southwest Airlines?

Over the past 52 weeks, Southwest Airlines has traded between $28.98 and $55.11.

How much debt does Southwest Airlines have?

As of the most recent reporting period, Southwest Airlines reported total debt of $6.89B.

How much cash does Southwest Airlines have on hand?

Southwest Airlines reported $3.39B in cash and cash equivalents in its most recent financial results.

What is Southwest Airlines’s dividend yield?

Southwest Airlines currently has a dividend yield of 1.60%.

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