Southwest Airlines revenue and financials
$42.45Change from previous close: +1.43%Absolute change: +$0.60
In the fiscal year ended December 2025, Southwest Airlines reported revenue of $28.06B (+2.11% year over year). Net income was $441M, a net margin of 1.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +2.11%
- 2025 vs 2024
- Net income growth
- −5.16%
- 2025 vs 2024
- Net margin
- 1.6%
- 2024: 1.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 28,063 | 27,483 | 26,091 | 23,814 | 15,790 | 9,048 | 22,428 | 21,965 | 21,171 | 20,425 |
| Cost of revenue | 21,878 | 21,623 | 20,534 | 17,906 | 13,457 | — | — | — | — | — |
| Gross profit | 6,185 | 5,860 | 5,557 | 5,908 | 2,333 | — | — | — | — | — |
| Selling, general and administrative | 332 | 346 | 266 | 224 | 185 | — | — | — | — | — |
| Operating income | 428 | 321 | 224 | 1,017 | 1,721 | -3,816 | 2,957 | 3,206 | 3,407 | 3,522 |
| EBIT | 478 | 285 | 222 | 1,010 | -1,129 | — | — | — | — | — |
| EBITDA | 1,720 | 1,671 | 1,498 | 2,129 | -70.0 | — | — | — | — | — |
| Interest expense | 113 | 214 | 236 | 301 | 431 | — | 118 | 131 | 114 | 122 |
| Pre-tax income | 563 | 598 | 633 | 728 | 1,325 | — | — | — | — | — |
| Income tax | 122 | 133 | 168 | 189 | 348 | -1,182 | 657 | 699 | -92.0 | 1,267 |
| Net income | 441 | 465 | 465 | 539 | 977 | -3,074 | 2,300 | 2,465 | 3,357 | 2,183 |
| Net income to common shareholders | 441 | 465 | 465 | 539 | 977 | — | — | — | — | — |
| Basic EPS | 0.82 | 0.78 | 0.78 | 0.91 | 1.65 | -5.44 | 4.28 | 4.30 | 5.58 | 3.48 |
| Diluted EPS | 0.79 | 0.76 | 0.76 | 0.87 | 1.61 | -5.44 | 4.27 | 4.29 | 5.57 | 3.45 |
| Average shares (basic) | 540 | 598 | 595 | 593 | 592 | — | — | — | — | — |
| Average shares (diluted) | 558 | 643 | 640 | 642 | 609 | 565 | 539 | 574 | 603 | 633 |
| Dividend per share | 0.72 | 0.72 | 0.72 | 0.18 | — | — | — | — | — | — |