Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Southwest Airlines Co. Revenue & Financial Statements
Southwest Airlines Co. reported revenue of $28.1B for the fiscal year ended December 31, 2025, up 2.1% year over year, with net income of $441.0M and diluted EPS of $0.79.
- Company
- Southwest Airlines Co. LUV · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 15.8B | 23.8B | 26.1B | 27.5B | 28.1B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | 1.7B | 1.0B | 224.0M | 321.0M | 428.0M |
| Pretax income | 1.3B | 728.0M | 633.0M | 598.0M | 563.0M |
| Net income | 977.0M | (3.1B) | 484.0M | 485.0M | 441.0M |
| Diluted EPS | 1.61 | 0.87 | 0.76 | 0.76 | 0.79 |
| EBITDA | 3.0B | 2.4B | 1.7B | 2.0B | 2.0B |
Quarterly
| USD | Q4 '24 | Q2 '25 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.9B | — | 6.4B | — | 7.2B | 6.9B | 7.4B | 7.2B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | 278.0M | — | (223.0M) | — | 225.0M | 35.0M | 391.0M | 330.0M |
| Pretax income | 329.0M | — | (192.0M) | — | 280.0M | 68.0M | 408.0M | 285.0M |
| Net income | 266.0M | (148.0M) | (149.0M) | 202.0M | 213.0M | 54.0M | 323.0M | 227.0M |
| Diluted EPS | 0.42 | — | -0.26 | — | 0.39 | 0.10 | 0.58 | 0.45 |
| EBITDA | 685.0M | — | 173.0M | — | 625.0M | 429.0M | 762.0M | 728.0M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 36.3B | 35.4B | 36.5B | 33.8B | 29.1B |
| Current assets | 18.0B | 14.8B | 14.0B | 11.3B | 5.6B |
| Cash & equivalents | 12.5B | 9.5B | 9.3B | 7.5B | 3.2B |
| Total liabilities | — | — | — | — | — |
| Current liabilities | 9.2B | 10.4B | 12.3B | 12.3B | 10.9B |
| Long-term debt | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Stockholders’ equity | 10.4B | 10.7B | 10.5B | 10.3B | 8.0B |
| Net debt | — | — | — | — | — |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 2.3B | 3.8B | 3.2B | 462.0M | 1.8B |
| Investing cash flow | (1.3B) | (3.7B) | (2.9B) | (261.0M) | (1.4B) |
| Financing cash flow | 359.0M | (3.0B) | (436.0M) | (2.0B) | (4.7B) |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| Dividends paid | 0 | 0 | 428.0M | 430.0M | 399.0M |
| Stock-based compensation | — | — | — | — | — |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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