SOUTHWEST AIRLINES CO. (LUV) Operating Margin
- Operating margin · 12 months: Value 3.46%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | 3.46% | Operating income / revenue. Period ending 2026-06-30. $1.04B ÷ $30.07B × 100 ≈ 3.46% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | 1.04B USD | Operating Income (Loss) |
| Revenue | 30.07B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | (m) | |
| Research and development | (m) | |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $1.04B | $30.07B | (m) | (m) | (m) | 3.46% |
| 2026-03-31 | $981.00M | $28.88B | (m) | (m) | (m) | 3.40% |
| 2025-12-31 | $428.00M | $28.06B | (m) | (m) | (m) | 1.53% |
| 2025-09-30 | $315.00M | $27.55B | (m) | (m) | (m) | 1.14% |
| 2025-06-30 | $317.00M | $27.47B | (m) | (m) | (m) | 1.15% |
| 2025-03-31 | $491.00M | $27.58B | (m) | (m) | (m) | 1.78% |
| 2024-12-31 | $321.00M | $27.48B | (m) | (m) | (m) | 1.17% |
| 2024-09-30 | $-361.00M | $27.38B | (m) | (m) | (m) | -1.32% |
| 2024-06-30 | $-281.00M | $27.03B | (m) | (m) | (m) | -1.04% |
| 2024-03-31 | $115.00M | $26.71B | (m) | (m) | (m) | 0.43% |
| 2023-12-31 | $224.00M | $26.09B | (m) | (m) | (m) | 0.86% |
| 2023-09-30 | $243.00M | $25.44B | (m) | (m) | (m) | 0.96% |
| 2023-06-30 | $521.00M | $25.14B | (m) | (m) | (m) | 2.07% |
| 2023-03-31 | $884.00M | $24.83B | (m) | (m) | (m) | 3.56% |
| 2022-12-31 | $1.02B | $23.81B | (m) | (m) | (m) | 4.27% |
| 2022-09-30 | $1.60B | $22.69B | (m) | (m) | (m) | 7.04% |
| 2022-06-30 | $1.94B | $21.15B | (m) | (m) | (m) | 9.15% |
| 2022-03-31 | $1.37B | $18.43B | (m) | (m) | (m) | 7.44% |
| 2021-12-31 | $1.72B | $15.79B | (m) | (m) | (m) | 10.90% |
| 2021-09-30 | $358.00M | $12.75B | (m) | (m) | (m) | 2.81% |
| 2021-06-30 | $-1.79B | $9.87B | (m) | (m) | (m) | -18.10% |
| 2021-03-31 | $-3.51B | $6.87B | (m) | (m) | (m) | -51.08% |
| 2020-12-31 | $-3.82B | $9.05B | (m) | (m) | (m) | -42.18% |
| 2020-09-30 | $-1.98B | $12.77B | (m) | (m) | (m) | -15.53% |
| 2020-06-30 | $247.00M | $16.61B | (m) | (m) | (m) | 1.49% |
| 2020-03-31 | $2.34B | $21.51B | (m) | (m) | (m) | 10.89% |
| 2019-12-31 | $2.96B | $22.43B | (m) | (m) | (m) | 13.18% |
| 2019-09-30 | $3.11B | $22.40B | (m) | (m) | (m) | 13.89% |
| 2019-06-30 | $3.09B | $22.34B | (m) | (m) | (m) | 13.84% |
| 2019-03-31 | $3.10B | $22.17B | (m) | (m) | (m) | 13.96% |
| 2018-12-31 | $3.21B | $21.96B | (m) | (m) | (m) | 14.60% |
| 2018-09-30 | $3.23B | $21.54B | (m) | (m) | (m) | 15.01% |
| 2018-06-30 | $3.28B | $21.27B | (m) | (m) | (m) | 15.42% |
| 2018-03-31 | $3.52B | $21.26B | (m) | (m) | (m) | 16.58% |
| 2017-12-31 | $3.52B | $21.17B | (m) | (m) | (m) | 16.60% |
| 2017-09-30 | $3.59B | $20.97B | (m) | (m) | (m) | 17.10% |
| 2017-06-30 | $3.45B | $20.84B | (m) | (m) | (m) | 16.54% |
| 2017-03-31 | $3.47B | $20.48B | (m) | (m) | (m) | 16.96% |
| 2016-12-31 | $3.76B | $20.43B | (m) | (m) | (m) | 18.41% |
| 2016-09-30 | $3.94B | $20.33B | (m) | (m) | (m) | 19.39% |
| 2016-06-30 | $4.47B | $20.50B | (m) | (m) | (m) | 21.80% |
| 2016-03-31 | $4.28B | $20.23B | (m) | (m) | (m) | 21.15% |
| 2015-12-31 | $4.12B | $19.82B | (m) | (m) | (m) | 20.77% |
| 2015-09-30 | $3.71B | $19.47B | (m) | (m) | (m) | 19.05% |
| 2015-06-30 | $3.10B | $18.95B | (m) | (m) | (m) | 16.35% |
| 2015-03-31 | $2.79B | $18.85B | (m) | (m) | (m) | 14.80% |
| 2014-12-31 | $2.23B | $18.61B | (m) | (m) | (m) | 11.96% |
| 2014-09-30 | $1.99B | $18.41B | (m) | (m) | (m) | 10.81% |
| 2014-06-30 | $1.77B | $18.15B | (m) | (m) | (m) | 9.73% |
| 2014-03-31 | $1.42B | $17.78B | (m) | (m) | (m) | 8.00% |
| 2013-12-31 | $1.28B | $17.70B | (m) | (m) | (m) | 7.22% |
| 2013-09-30 | $984.00M | $17.44B | (m) | (m) | (m) | 5.64% |
| 2013-06-30 | $645.00M | $17.21B | (m) | (m) | (m) | 3.75% |
| 2013-03-31 | $671.00M | $17.18B | (m) | (m) | (m) | 3.91% |
| 2012-12-31 | $623.00M | $17.09B | (m) | (m) | (m) | 3.65% |
| 2012-09-30 | $679.00M | $17.02B | (m) | (m) | (m) | 3.99% |
| 2012-06-30 | $853.00M | $17.03B | (m) | (m) | (m) | 5.01% |
| 2012-03-31 | $601.00M | $16.55B | (m) | (m) | (m) | 3.63% |
| 2011-12-31 | $693.00M | $15.66B | (m) | (m) | (m) | 4.43% |
| 2011-09-30 | $988.00M | $12.10B | (m) | (m) | (m) | 8.16% |
| 2011-06-30 | $988.00M | $12.10B | (m) | (m) | (m) | 8.16% |
| 2011-03-31 | $1.05B | $12.58B | (m) | (m) | (m) | 8.33% |
| 2010-12-31 | $988.00M | $12.10B | (m) | (m) | (m) | 8.16% |
| 2010-09-30 | $939.00M | $11.70B | (m) | (m) | (m) | 8.02% |
| 2010-06-30 | $606.00M | $11.18B | (m) | (m) | (m) | 5.42% |
| 2010-03-31 | $366.00M | $10.62B | (m) | (m) | (m) | 3.45% |
| 2009-12-31 | $262.00M | $10.35B | (m) | (m) | (m) | 2.53% |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | $449.00M | $11.02B | (m) | (m) | (m) | 4.07% |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | $791.00M | $9.86B | (m) | (m) | (m) | 8.02% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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