NYSE:LUV | Income Statement | SOUTHWEST AIRLINES CO

Complete source-backed income-statement history.

Available history
2007-12-31 to 2026-06-30
Data captured

Historical Income Statement

DateRevenueCost of revenueGross profitR&D expenseSG&A expenseOperating expensesOperating incomeNonoperating income/expensePre-tax incomeIncome taxNet incomeBasic EPSDiluted EPSBasic sharesDiluted shares
2026-06-30$8.43B$285M$21M$306M$73M$233M$0.48$0.47489,000,000493,000,000
2026-03-31$7.25B$330M-$45M$285M$58M$227M$0.45$0.45498,000,000503,000,000
2025-12-31$7.44B$391M$17M$408M$85M$323M$0.61$0.58-8,000,0007,000,000
2025-09-30$6.95B$35M$33M$68M$14M$54M$0.10$0.10523,000,000526,000,000
2025-06-30$7.24B$225M$55M$280M$67M$213M$0.40$0.39538,000,000541,000,000
2025-03-31$6.43B-$223M$31M-$192M-$43M-$149M-$0.26-$0.26584,000,000584,000,000
2024-12-31$6.93B$278M$51M$329M$68M$261M$0.44$0.4200
2024-09-30$6.87B$38M$51M$89M$22M$67M$0.11$0.11599,000,000601,000,000
2024-06-30$7.35B$398M$80M$478M$111M$367M$0.61$0.58599,000,000643,000,000
2024-03-31$6.33B-$393M$95M-$298M-$67M-$231M-$0.39-$0.39597,000,000597,000,000
2023-12-31$6.82B-$404M$118M-$286M-$34M-$252M-$0.42-$0.3901,000,000
2023-09-30$6.53B$117M$120M$237M$44M$193M$0.32$0.31596,000,000640,000,000
2023-06-30$7.04B$795M$91M$886M$203M$683M$1.15$1.08595,000,000639,000,000
2023-03-31$5.71B-$284M$79M-$205M-$46M-$159M-$0.27-$0.27594,000,000594,000,000
2022-12-31$6.17B-$385M$100M-$285M-$65M-$220M-$0.37-$0.340-1,000,000
2022-09-30$6.22B$395M-$42M$353M$76M$277M$0.47$0.44593,000,000639,000,000
2022-06-30$6.73B$1.16B-$122M$1.04B$276M$760M$1.29$1.20593,000,000635,000,000
2022-03-31$4.69B-$151M-$225M-$376M-$98M-$278M-$0.47-$0.47592,000,000592,000,000
2021-12-31$5.05B$195M-$118M$77M$9M$68M$0.11$0.121,000,000-1,000,000
2021-09-30$4.68B$733M-$133M$600M$154M$446M$0.75$0.73592,000,000607,000,000
2021-06-30$4.01B$594M-$92M$502M$154M$348M$0.59$0.57591,000,000615,000,000
2021-03-31$2.05B$199M-$53M$146M$30M$116M$0.20$0.19591,000,000609,000,000
2020-12-31$2.01B-$1.17B-$163M-$1.33B-$423M-$908M-$1.55-$1.559,000,0009,000,000
2020-09-30$1.79B-$1.41B-$131M-$1.54B-$385M-$1.16B-$1.96-$1.96590,000,000590,000,000
2020-06-30$1.01B-$1.13B-$112M-$1.24B-$324M-$915M-$1.63-$1.63563,000,000563,000,000
2020-03-31$4.23B-$110M-$34M-$144M-$50M-$94M-$0.18-$0.18515,000,000515,000,000
2019-12-31$5.73B$5.07B$665M$1M$666M$153M$513M$0.98$0.98-4,000,000-4,000,000
2019-09-30$5.64B$4.82B$819M$0.00$819M$160M$659M$1.24$1.23533,000,000534,000,000
2019-06-30$5.91B$4.94B$968M$0.00$968M$227M$741M$1.37$1.37542,000,000542,000,000
2019-03-31$5.15B$4.64B$505M-$1M$504M$117M$387M$0.70$0.70551,000,000552,000,000
2018-12-31$5.7B$4.88B$820M-$3M$817M$163M$654M$1.17$1.16-5,000,000-5,000,000
2018-09-30$5.58B$4.78B$798M-$12M$786M$171M$615M$1.08$1.08569,000,000569,000,000
2018-06-30$5.74B$4.77B$972M-$12M$960M$227M$733M$1.27$1.27578,000,000579,000,000
2018-03-31$4.94B$4.33B$616M-$14M$602M$139M$463M$0.79$0.79587,000,000588,000,000
2017-12-31$5.26B$4.52B$740M-$5M$735M-$1.01B$1.75B$2.92$2.91-4,000,000-3,000,000
2017-09-30$5.3B$4.46B$845M-$13M$832M$304M$528M$0.88$0.88597,000,000598,000,000
2017-06-30$5.73B$4.52B$1.22B-$50M$1.17B$422M$743M$1.23$1.23604,000,000605,000,000
2017-03-31$4.85B$4.25B$606M-$74M$532M$193M$339M$0.55$0.55613,000,000614,000,000
2016-12-31$4.94B$4.33B$607M$105M$712M$251M$461M$0.75$0.75-3,000,000-5,000,000
2016-09-30$5.14B$4.44B$695M-$77M$618M$230M$388M$0.63$0.62618,000,000625,000,000
2016-06-30$5.38B$4.11B$1.28B$28M$1.3B$484M$820M$1.30$1.28632,000,000639,000,000
2016-03-31$4.83B$3.88B$944M-$128M$816M$303M$513M$0.80$0.79641,000,000648,000,000
2015-12-31$4.98B$3.95B$1.03B-$179M$847M$311M$536M$0.83$0.82-4,000,000-4,000,000
2015-09-30$5.32B$4.09B$1.23B-$292M$933M$349M$584M$0.89$0.88655,000,000663,000,000
2015-06-30$5.11B$4.03B$1.09B-$108M$977M$369M$608M$0.91$0.90665,000,000673,000,000
2015-03-31$4.41B$3.63B$780M-$57M$723M$270M$453M$0.67$0.66674,000,000682,000,000
2014-12-31$4.63B$4.01B$620M-$319M$301M$111M$190M$0.28$0.28-3,000,000-3,000,000
2014-09-30$4.8B$4.19B$614M-$89M$525M$196M$329M$0.48$0.48683,000,000691,000,000
2014-06-30$5.01B$4.24B$775M-$29M$746M$281M$465M$0.67$0.67690,000,000698,000,000
2014-03-31$4.17B$3.95B$215M$29M$244M$92M$152M$0.22$0.22698,000,000707,000,000
2013-12-31$4.43B$4.04B$385M-$52M$333M$121M$212M$0.30$0.30-4,000,000-4,000,000
2013-09-30$4.55B$4.16B$390M$29M$419M$160M$259M$0.37$0.37703,000,000711,000,000
2013-06-30$4.64B$4.21B$433M-$70M$363M$139M$224M$0.31$0.31714,000,000722,000,000
2013-03-31$4.08B$4.01B$70M$24M$94M$35M$59M$0.08$0.08725,000,000727,000,000
2012-12-31$4.17B$4.08B$91M$34M$125M$47M$78M$0.11$0.11-6,000,000-5,000,000
2012-09-30$4.31B$4.26B$51M-$18M$33M$17M$16M$0.02$0.02739,000,000740,000,000
2012-06-30$4.62B$4.16B$460M-$92M$368M$140M$228M$0.30$0.30757,000,000764,000,000
2012-03-31$3.99B$3.97B$22M$137M$159M$61M$98M$0.13$0.13771,000,000772,000,000
2011-12-31$4.11B$3.96B$147M$108M$255M$103M$152M$0.20$0.201,000,0001,000,000
2011-09-30$4.31B$4.09B$225M-$451M-$226M-$86M-$140M-$0.18-$0.18792,000,000792,000,000
2011-06-30$4.14B$3.93B$207M$68M$275M$114M$161M$0.21$0.21780,000,000787,000,000
2011-03-31$3.1B$2.99B$114M-$96M$18M$13M$5M$0.01$0.01748,000,000749,000,000
2010-12-31$12.1B$11.12B$988M-$243M$745M$286M$459M$0.18$0.17745,999,255746,999,254
2010-09-30$3,192.00$2,837.00$355.00-$23.00$332.00$127.00$205.00$0.27$0.27746747
2010-06-30$3,168.00$2,805.00$363.00-$179.00$184.00$72.00$112.00$0.15$0.15745746
2010-03-31$2.63B$2.58B$54M$17M$6M$11M$0.01$0.01743,000,000744,000,000
2009-12-31$2.71B$2.55B$167M$184M$69M$115M$0.15$0.15740,999,259740,999,259
2009-09-30$2.67B$2.64B$22M-$20M-$4M-$16M-$0.02-$0.02742742
2009-06-30$2.62B$2.49B$123M$107M$16M$91M$0.12$0.12741,000,000741,000,000
2009-03-31$2.36B$2.41B-$50M-$107M-$16M-$91M-$0.12-$0.12740,000,000740,000,000
2008-12-31$2.73B$2.67B$69M-$83M-$27M-$56M-$0.08-$0.0810
2008-09-30$2.89B$2.81B$86M-$205M-$85M-$120M-$0.16-$0.16736736
2008-06-30$2.87B$2.66B$205M$529M$208M$321M$0.44$0.44732737

Annual Income Statement

DateRevenueCost of revenueGross profitR&D expenseSG&A expenseOperating expensesOperating incomeNonoperating income/expensePre-tax incomeIncome taxNet incomeBasic EPSDiluted EPSBasic sharesDiluted shares
2025-12-31$28.06B$428M$135M$563M$122M$441M$0.82$0.79540,000,000558,000,000
2024-12-31$27.48B$321M$277M$598M$133M$465M$0.78$0.76598,000,000643,000,000
2023-12-31$26.09B$224M$409M$633M$168M$465M$0.78$0.76595,000,000640,000,000
2022-12-31$23.81B$1.02B-$289M$728M$189M$539M$0.91$0.87593,000,000642,000,000
2021-12-31$15.79B$1.72B-$396M$1.33B$348M$977M$1.65$1.61592,000,000609,000,000
2020-12-31$9.05B-$3.82B-$440M-$4.26B-$1.18B-$3.07B-$5.44-$5.44565,000,000565,000,000
2019-12-31$22.43B$19.47B$2.96B$0.00$2.96B$657M$2.3B$4.28$4.27538,000,000539,000,000
2018-12-31$21.97B$18.76B$3.21B-$42M$3.16B$699M$2.47B$4.30$4.29573,000,000574,000,000
2017-12-31$21.15B$17.74B$3.41B-$142M$3.27B-$92M$3.36B$5.58$5.57601,000,000603,000,000
2016-12-31$20.29B$16.77B$3.52B-$72M$3.45B$1.27B$2.18B$3.48$3.45627,000,000633,000,000
2015-12-31$19.82B$15.7B$4.12B-$637M$3.48B$1.3B$2.18B$3.30$3.27661,000,000669,000,000
2014-12-31$18.61B$16.38B$2.23B-$409M$1.82B$680M$1.14B$1.65$1.64687,000,000696,000,000
2013-12-31$17.7B$16.42B$1.28B-$69M$1.21B$455M$754M$1.06$1.05710,000,000718,000,000
2012-12-31$17.09B$16.47B$623M$62M$685M$264M$421M$0.56$0.56750,000,000757,000,000
2011-12-31$15.66B$14.97B$693M-$370M$323M$145M$178M$0.23$0.23774,000,000775,000,000
2010-12-31$12.1B$11.12B$988M-$243M$745M$286M$459M$0.62$0.61746,000,000747,000,000
2009-12-31$10.35B$10.09B$262M-$98M$164M$65M$99M$0.13$0.13741,000,000741,000,000
2008-12-31$11.02B$10.57B$449M$278M$100M$178M$0.24$0.24735739
2007-12-31$9.86B$9.07B$791M$1.06B$413M$645M$0.85$0.84757768