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Southwest Airlines

Southwest AirlinesLUVEarnings & Financial Report

NYSE · Industrials · Passenger Airlines

Southwest Airlines is a major low-cost airline of the United States. It is headquartered in the Love Field neighborhood of Dallas, Texas. It is the fourth-largest airline in North America when measured by passengers carried, as of 2024. With its all-Boeing 737 fleet, Southwest serves over 100 destinations in 42 states, Washington, D.C.

NextApr 25, 2026

LUV Q4 2025 Key Financial Metrics

Revenue

$7.4B

Gross Profit

N/A

Operating Profit

$391.0M

Net Profit

$323.0M

Gross Margin

N/A

Operating Margin

5.3%

Net Margin

4.3%

YoY Growth

7.4%

EPS

$0.56

Financial Flow

Southwest Airlines Q4 2025 Financial Summary

Southwest Airlines reported revenue of $7.4B for Q4 2025, with a net profit of $323.0M (4.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$7.4B
Net Profit$323.0M
Gross MarginN/A
Operating Margin5.3%
Report PeriodQ4 2025

Southwest Airlines Annual Revenue by Year

Southwest Airlines annual revenue history includes year-by-year totals (for example, 2025 revenue was $28.1B).

YearAnnual Revenue
2025$28.1B
2024$27.5B
2023$26.1B
2022$23.8B

Income Statement

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Revenue$6.33B$7.35B$6.87B$6.93B$6.43B$7.24B$6.95B$7.44B
YoY Growth10.9%4.5%5.3%1.6%1.6%-1.5%1.1%7.4%

Balance Sheet

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Assets$36.02B$35.56B$34.85B$33.75B$33.21B$28.71B$28.31B$29.06B
LiabilitiesN/AN/AN/AN/AN/AN/AN/AN/A
Equity$10.20B$10.46B$10.41B$10.35B$9.37B$8.00B$7.78B$7.98B

Cash Flow

Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025
Operating CF$-104.0M$-23.0M$113.0M$476.0M$860.0M$401.0M$287.0M$294.0M