Income Statement
SOUTHWEST AIRLINES CO
LUV
Performance Overview
Click any row in the table to add it to this chart
in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY | Dec 31, 2016 2016 FY | Dec 31, 2015 2015 FY | Dec 31, 2014 2014 FY | Dec 31, 2013 2013 FY | Dec 31, 2012 2012 FY | Dec 31, 2011 2011 FY | Dec 31, 2010 2010 FY | Dec 31, 2009 2009 FY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue
|
28,063.00 | 27,483.00 | 26,091.00 | 23,814.00 | 15,790.00 | 9,048.00 | 22,428.00 | 21,965.00 | 21,171.00 | 20,425.00 | 19,820.00 | 18,605.00 | 17,699.00 | 17,088.00 | 15,658.00 | 12,104.00 | 10,350.00 |
|
Cost of Revenue
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Gross Profit
|
28,063.00 | 27,483.00 | 26,091.00 | 23,814.00 | 15,790.00 | 9,048.00 | 22,428.00 | 21,965.00 | 21,171.00 | 20,425.00 | 19,820.00 | 18,605.00 | 17,699.00 | 17,088.00 | 15,658.00 | 12,104.00 | 10,350.00 |
|
Operating Expenses
|
27,635.00 | 27,162.00 | 25,867.00 | 22,797.00 | 14,069.00 | 12,864.00 | 19,471.00 | 18,759.00 | 17,656.00 | 16,665.00 | 15,704.00 | 16,380.00 | 16,421.00 | 16,465.00 | 14,965.00 | 11,116.00 | 10,088.00 |
|
Research & Development
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Selling, General & Administrative
|
12,963.00 | 12,240.00 | 11,152.00 | 9,376.00 | 7,743.00 | 6,811.00 | 8,293.00 | 7,649.00 | 7,319.00 | 6,798.00 | 6,383.00 | 5,434.00 | 5,035.00 | 4,749.00 | 4,371.00 | - | - |
|
Other Operating Expenses
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Operating Income
|
428.00 | 321.00 | 224.00 | 1,017.00 | 1,721.00 | -3,816.00 | 2,957.00 | 3,206.00 | 3,515.00 | 3,760.00 | 4,116.00 | 2,225.00 | 1,278.00 | 623.00 | 693.00 | 988.00 | 262.00 |
|
Non-Operating Income
|
135.00 | 277.00 | 409.00 | -289.00 | -396.00 | -440.00 | 0.00 | -42.00 | -264.00 | -213.00 | -637.00 | -409.00 | -69.00 | 62.00 | -370.00 | 243.00 | 98.00 |
|
Interest Income
|
205.00 | 497.00 | 583.00 | 217.00 | 13.00 | 32.00 | 90.00 | 69.00 | 35.00 | 24.00 | 9.00 | 7.00 | 6.00 | 7.00 | 10.00 | -12.00 | 13.00 |
|
Interest Expense
|
10.00 | 30.00 | 30.00 | 34.00 | 110.00 | 11.00 | 118.00 | 131.00 | 114.00 | 122.00 | 121.00 | 130.00 | 131.00 | 147.00 | 194.00 | 167.00 | -186.00 |
|
Other Non-Op Income / Expense
|
43.00 | 7.00 | 62.00 | 2.00 | 60.00 | -39.00 | -8.00 | -18.00 | -234.00 | -162.00 | -556.00 | -309.00 | 32.00 | 181.00 | -198.00 | 106.00 | 54.00 |
|
Income Before Tax
|
563.00 | 598.00 | 633.00 | 728.00 | 1,325.00 | -4,256.00 | 2,957.00 | 3,164.00 | 3,251.00 | 3,547.00 | 3,479.00 | 1,816.00 | 1,209.00 | 685.00 | 323.00 | 745.00 | 164.00 |
|
Income Tax Expense
|
122.00 | 133.00 | 168.00 | 189.00 | 348.00 | -1,182.00 | 657.00 | 699.00 | -237.00 | 1,303.00 | 1,298.00 | 680.00 | 455.00 | 264.00 | 323.00 | 745.00 | 65.00 |
|
Non-Controlling Interest
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
Net Income
|
441.00 | 465.00 | 465.00 | 539.00 | 977.00 | -3,074.00 | 2,300.00 | 2,465.00 | 3,488.00 | 2,244.00 | 2,181.00 | 1,136.00 | 754.00 | 421.00 | 0.00 | 0.00 | 99.00 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY | Dec 31, 2021 2021 FY | Dec 31, 2020 2020 FY | Dec 31, 2019 2019 FY | Dec 31, 2018 2018 FY | Dec 31, 2017 2017 FY | Dec 31, 2016 2016 FY | Dec 31, 2015 2015 FY | Dec 31, 2014 2014 FY | Dec 31, 2013 2013 FY | Dec 31, 2012 2012 FY | Dec 31, 2011 2011 FY | Dec 31, 2010 2010 FY | Dec 31, 2009 2009 FY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|
EBITDA
|
1,988.00 | 1,978.00 | 1,746.00 | 2,368.00 | 2,993.00 | -2,561.00 | 4,176.00 | 4,407.00 | 4,733.00 | 4,981.00 | 5,131.00 | 3,163.00 | 2,145.00 | 1,467.00 | 1,408.00 | 1,616.00 | -354.00 |
|
Earnings Per Share (Basic)
|
0.82 | 0.78 | 0.78 | 0.91 | 1.65 | -5.44 | 4.28 | 4.30 | 5.80 | 3.58 | 3.30 | 1.65 | 1.06 | 0.56 | 0.23 | 0.62 | 0.13 |
|
Diluted EPS
|
0.79 | 0.76 | 0.76 | 0.87 | 1.61 | -5.44 | 4.27 | 4.29 | 5.79 | 3.55 | 3.27 | 1.64 | 1.05 | 0.56 | 0.23 | 0.61 | 0.13 |
|
Weighted Average Shares
|
540.00 | 598.00 | 595.00 | 593.00 | 592.00 | 565.00 | 538.00 | 573.00 | 601.00 | 627.00 | 661.00 | 687.00 | 710.00 | 750.00 | 774.00 | 0.00 | 0.00 |
|
Diluted Weighted Avg Shares
|
558.00 | 643.00 | 640.00 | 642.00 | 609.00 | 565.00 | 539.00 | 574.00 | 603.00 | 633.00 | 669.00 | 696.00 | 718.00 | 757.00 | 775.00 | 0.00 | 0.00 |
|
Comprehensive Income
|
442.00 | 465.00 | 465.00 | 539.00 | 1,490.00 | 0.00 | 2,300.00 | 2,491.00 | 3,823.00 | 2,972.00 | 2,181.00 | 1,136.00 | 870.00 | 526.00 | 216.00 | - | 505.00 |