SOUTHWEST AIRLINES CO
LUVTransport & logisticssouthwest.com
Latest available resultsSeptember 30, 2026Quarter · 10-Q filed Oct 22, 2026
Next reportJanuary 28, 2027after close · forecast 0.713 $/share
Revenue
$8.42B
▲ +21.2% vs prior year YoY
Net income
$270.00M
▲ +400.0% vs prior year YoY
EPS
0.55$
▲ +450.0% vs prior year YoY
Net margin
3.2%
▲ +2.4 pp vs prior year YoY
Revenue▲ +21.2%
Margins (% of revenue)Gross N/AOperatingNet
Net income▲ +400.0%
EPS▲ +450.0%
Financial statements
View 10-Q filed October 22, 2026 on SEC ↗| Metric | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | Sep 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | $6.93B | $6.43B | $7.24B | $6.95B | $7.44B | $7.25B | $8.43B | $8.42B | ▲ +21.2% |
| Gross profitnever filed | — | — | — | — | — | — | — | — | — |
| Operating income | $278.00M | −$223.00M | $225.00M | $35.00M | $391.00M | $330.00M | $285.00M | $379.00M | ▲ +982.9% |
| Net income | $262.00M | −$149.00M | $213.00M | $54.00M | $323.00M | $227.00M | $233.00M | $270.00M | ▲ +400.0% |
| R&Dnever filed | — | — | — | — | — | — | — | — | — |
| EPS (diluted) | — | -0.26 $ | 0.39 $ | 0.10 $ | — | 0.45 $ | 0.47 $ | 0.55 $ | ▲ +450.0% |
| Margins (% of revenue) | |||||||||
| Gross | — | — | — | — | — | — | — | — | — |
| Operating | 4.0 % | -3.5 % | 3.1 % | 0.5 % | 5.3 % | 4.6 % | 3.4 % | 4.5 % | ▲ +4.0 pt |
| Net | 3.8 % | -2.3 % | 2.9 % | 0.8 % | 4.3 % | 3.1 % | 2.8 % | 3.2 % | ▲ +2.4 pt |
| Balance sheet | |||||||||
| Assets | $33.75B | $33.21B | $28.71B | $28.31B | $29.06B | $29.36B | $30.12B | $30.54B | ▲ +7.9% |
| Liabilities | $23.40B | $23.85B | $20.71B | $20.54B | $21.08B | $22.48B | $23.04B | $23.21B | ▲ +13.0% |
| Equity | $10.35B | $9.37B | $8.00B | $7.78B | $7.98B | $6.88B | $7.08B | $7.33B | ▼ -5.7% |
| Cash | $7.51B | $8.13B | $3.48B | $2.90B | $3.23B | $3.33B | $3.79B | $3.62B | ▲ +24.9% |
| Capital | |||||||||
| Shares outstanding | 592.66M | 569.87M | 525.19M | 517.16M | 491.32M | 488.77M | 489.21M | 489.60M | ▼ -5.3% |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.