Southwest Airlines Co. logo

Southwest Airlines Co.

LUV

NYSEIndustrialsAirlines, Airports & Air Services

Previous close

$40.38

+$0.49 · +1.23%

Aug 21, 4:00 PM ET

LUV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

51

Fair Value

Momentum

60

Neutral

Sentiment

65

Bullish

Risk resilience

65

Moderate Risk

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Company profile

Company website

Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
US
CEO
Robert E. Jordan
Listed since
Jan 2, 1980
Employees
73,456

Market position

Day range

Current $40.38

52-week range

Current $40.38

Open
$40.60
Previous close
$39.89
Volume
3.95M
0.63× average
Average volume
6.24M
Average daily volume
Market cap
19.75B USD
Beta
1.14
Market reference 1
50-day average
$47.1016
-14.27% below average
200-day average
$42.701
-5.44% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
25.47B USD
P/E (TTM)
24.33×
P/B (TTM)
2.82×
P/S (TTM)
0.66×
EV / EBITDA
11.39×
Earnings yield
1.98%
Free cash flow yield
-3.72%
Dividend yield
1.78%

Profitability & efficiency

Gross margin
61.02%
Operating margin
3.46%
Net margin
2.78%
Return on equity
5.53%
Return on assets
1.52%
Return on invested capital
1.79%

Financial health

Debt / equity
0.97×
Current ratio
0.52×
Altman Z-score
2.14
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%19%8%-2%Gross margin, FY2021: 26.06%Gross margin, FY2022: 19.95%Gross margin, FY2023: 16.19%Gross margin, FY2024: 16.22%Gross margin, FY2025: 17.44%Operating margin, FY2021: 10.90%Operating margin, FY2022: 4.27%Operating margin, FY2023: 0.86%Operating margin, FY2024: 1.17%Operating margin, FY2025: 1.53%Net margin, FY2021: 6.19%Net margin, FY2022: 2.26%Net margin, FY2023: 1.78%Net margin, FY2024: 1.69%Net margin, FY2025: 1.57%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.06%. Gross margin FY2022 19.95%. Gross margin FY2023 16.19%. Gross margin FY2024 16.22%. Gross margin FY2025 17.44%. Operating margin FY2021 10.90%. Operating margin FY2022 4.27%. Operating margin FY2023 0.86%. Operating margin FY2024 1.17%. Operating margin FY2025 1.53%. Net margin FY2021 6.19%. Net margin FY2022 2.26%. Net margin FY2023 1.78%. Net margin FY2024 1.69%. Net margin FY2025 1.57%.

Income trends

Revenue

28.06B USD+2.11%

Operating income

428M USD+33.33%

Net income

441M USD-5.16%
Income trends across reported periods30.85B USD19.71B USD8.58B USD−2.56B USDRevenue, FY2021: 15.79B USDRevenue, FY2022: 23.81B USDRevenue, FY2023: 26.09B USDRevenue, FY2024: 27.48B USDRevenue, FY2025: 28.06B USDOperating income, FY2021: 1.72B USDOperating income, FY2022: 1.02B USDOperating income, FY2023: 224M USDOperating income, FY2024: 321M USDOperating income, FY2025: 428M USDNet income, FY2021: 977M USDNet income, FY2022: 539M USDNet income, FY2023: 465M USDNet income, FY2024: 465M USDNet income, FY2025: 441M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 15.79B USD. Revenue FY2022 23.81B USD. Revenue FY2023 26.09B USD. Revenue FY2024 27.48B USD. Revenue FY2025 28.06B USD. Operating income FY2021 1.72B USD. Operating income FY2022 1.02B USD. Operating income FY2023 224M USD. Operating income FY2024 321M USD. Operating income FY2025 428M USD. Net income FY2021 977M USD. Net income FY2022 539M USD. Net income FY2023 465M USD. Net income FY2024 465M USD. Net income FY2025 441M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue28.06B USD27.48B USD26.09B USD23.81B USD15.79B USD
Cost of goods sold23.17B USD23.02B USD21.87B USD19.06B USD11.68B USD
Gross profit4.9B USD4.46B USD4.22B USD4.75B USD4.12B USD
Selling, general, and administrative4.47B USD346M USD266M USD224M USD185M USD
Operating expenses4.47B USD4.14B USD4B USD3.74B USD2.39B USD
Interest income205M USD497M USD583M USD217M USD13M USD
Interest expense113M USD214M USD236M USD301M USD431M USD
Depreciation and amortization1.56B USD1.66B USD1.52B USD1.35B USD1.27B USD
Operating income428M USD321M USD224M USD1.02B USD1.72B USD
Net income441M USD465M USD465M USD539M USD977M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+400.71%
11 comparable reports
Latest EPS result
0.94
Estimate 0.51 · Beat by 84.31%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.030.60.16-0.27Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 0.56, estimate 0.462, surprise +21.32%, Beat. Q2 2025, reported Apr 23, 2025: actual -0.13, estimate -0.184, surprise +29.18%, Beat. Q3 2025, reported Jul 23, 2025: actual 0.43, estimate 0.511, surprise -15.85%, Miss. Q4 2025, reported Oct 22, 2025: actual 0.11, estimate -0.037, surprise +398.67%, Beat. Q1 2026, reported Jan 28, 2026: actual 0.58, estimate 0.568, surprise +2.11%, Beat. Q2 2026, reported Apr 22, 2026: actual 0.45, estimate 0.473, surprise -4.90%, Miss. Q3 2026, reported Jul 22, 2026: actual 0.94, estimate 0.51, surprise +84.31%, Beat. Q4 2026, reported Oct 21, 2026: actual —, estimate 0.67, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates8.93B7.97B7.01B6.05BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 6.93B USD, estimate 6.96B USD, surprise -0.42%, Miss. Q2 2025, reported Apr 23, 2025: actual 6.43B USD, estimate 6.39B USD, surprise +0.58%, Beat. Q3 2025, reported Jul 23, 2025: actual 7.24B USD, estimate 7.3B USD, surprise -0.71%, Miss. Q4 2025, reported Oct 22, 2025: actual 6.95B USD, estimate 6.92B USD, surprise +0.46%, Beat. Q1 2026, reported Jan 28, 2026: actual 7.44B USD, estimate 7.5B USD, surprise -0.79%, Miss. Q2 2026, reported Apr 22, 2026: actual 7.25B USD, estimate 7.27B USD, surprise -0.32%, Miss. Q3 2026, reported Jul 22, 2026: actual 8.43B USD, estimate 8.58B USD, surprise -1.77%, Miss. Q4 2026, reported Oct 21, 2026: actual —, estimate 8.19B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$54.46

34.87% upside
Past 12 months12-month forecastHigh $65.00Average $54.46Low $36.10

Rating distribution

45 ratings
Strong buy00%
Buy1942%
Hold2147%
Sell511%
Strong sell00%

Recent analyst actions

12 institutions

LUV news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.72

2025 complete year+19.0% since 2018

2026 partial: $0.36

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 3, 2026

$0.18

Quarterly

Record Sep 3, 2026 · Payment Sep 24, 2026

Dividend

Ex-dividend Jun 11, 2026

$0.18

Quarterly

Record Jun 11, 2026 · Payment Jul 2, 2026

Dividend

Ex-dividend Mar 12, 2026

$0.18

Quarterly

Record Mar 12, 2026 · Payment Apr 2, 2026

Dividend

Ex-dividend Dec 26, 2025

$0.18

Quarterly

Record Dec 26, 2025 · Payment Jan 16, 2026

Dividend

Ex-dividend Sep 3, 2025

$0.18

Quarterly

Record Sep 3, 2025 · Payment Sep 24, 2025

Dividend

Ex-dividend Jun 18, 2025

$0.18

Quarterly

Record Jun 18, 2025 · Payment Jul 9, 2025

LUV peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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