LUV
Southwest Airlines Co.
NYSE · USIndustrialsAirlines, Airports & Air Services
$48.34+0.54%
Price as of Jul 20, 2026
LUV financials
Southwest Airlines Co. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $28.1B | $27.5B | $26.1B | $23.8B |
| Cost of revenue | $23.2B | $23.0B | $21.9B | $19.1B |
| Gross profit | $4.9B | $4.5B | $4.2B | $4.8B |
| Operating expenses | $4.5B | $4.1B | $4.0B | $3.7B |
| Operating income | $428.0M | $321.0M | $224.0M | $1.0B |
| Net income | $441.0M | $465.0M | $465.0M | $539.0M |
| EBITDA | $2.2B | $2.5B | $2.4B | $2.4B |
| Basic EPS | $0.82 | $0.81 | $0.81 | $0.91 |
| Diluted EPS | $0.79 | $0.75 | $0.76 | $0.87 |
| Balance sheet | ||||
| Cash & equivalents | $2.8B | $7.5B | $9.3B | $9.5B |
| Total assets | $29.1B | $33.8B | $36.5B | $35.4B |
| Total liabilities | $21.1B | $23.4B | $26.0B | $24.7B |
| Stockholders’ equity | $8.0B | $10.3B | $10.5B | $10.7B |
| Total debt | $6.0B | $8.1B | $9.2B | $9.5B |
| Net debt | $3.1B | $549.0M | -$88.0M | -$19.0M |
| Cash flow | ||||
| Operating cash flow | $1.8B | $462.0M | $3.2B | $3.8B |
| Capital expenditure | -$2.7B | -$2.1B | -$3.5B | -$3.9B |
| Free cash flow | -$831.0M | -$1.6B | -$356.0M | -$156.0M |
| Dividends paid | -$399.0M | -$430.0M | -$428.0M | $0.00 |
| Share repurchases | -$2.5B | -$250.0M | $0.00 | $0.00 |