LUVNYSEAir Transportation, ScheduledFiscal year ends December 31

SOUTHWEST AIRLINES CO

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026

$38.80−0.70 (-1.77%)

Close on Oct 19, 2026

Market cap: $19.13B
P/E (TTM): 24.6
Dividend yield: 1.86%

SOUTHWEST AIRLINES CO cash flow statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Depreciation & Amortization	1,560	1,657	1,522	1,351	1,272	1,255	1,219	1,201	1,218	1,221	1,015	938	867	844	715	628	616	599	-555
Stock-Based Compensation	99	45	86	84	58	17	55	46	37	33	29	21	18	16	13	12	13	18	37
Deferred Income Taxes	122	132	159	228	-20	-716	-55	301	-1,068	420	-108	448	56	297	128	69	90	67	328
Change in Accounts Receivable	51	19	-89	422	-701	-294	-94	117	-102	-50	-88	54	-17	-33	-26	-26	40	-71	38
Change in Accounts Payable	218	-1,363	1,386	936	38	231	298	545	233	221	961	36	343	186	253	193	59	-98	149
Change in Unearned Revenue	-1,078	-37	29	525	591	1,623	440	506	–	–	–	–	–	–	–	–	–	–	–
Operating Cash Flow	1,842	462	3,164	3,790	2,322	-1,127	3,987	4,893	3,929	4,293	3,238	2,902	2,477	2,064	1,356	1,561	985	-1,521	2,845
Capital Expenditures	-2,673	-2,054	-3,520	-3,924	-505	-515	-1,027	-1,922	-2,123	-2,038	-2,041	-1,748	-1,433	-1,348	-968	-493	-585	923	-1,331
Acquisitions	–	–	–	–	–	–	–	–	–	–	–	–	0	0	-35	0	0	–	–
Purchase of Investments	-470	-5,014	-6,970	-5,592	-5,824	-5,080	-2,122	-2,409	-2,380	-2,388	-1,986	-3,080	-3,135	-2,481	-5,362	-5,624	-6,106	5,886	-5,086
Sale & Maturity of Investments	1,693	5,995	7,591	5,792	5,071	4,336	2,446	2,342	2,221	2,263	2,223	3,185	–	2,996	5,343	4,852	5,120	5,831	4,888
Other Investing Activities	–	–	–	–	–	0	0	5.00	0	0	-7.00	-4.00	0	0	0	0	2.00	0	0
Investing Cash Flow	-1,429	-261	-2,932	-3,746	-1,264	-16	-303	-2,038	-2,408	-2,272	-1,913	-1,727	-1,384	-833	-1,022	-1,265	-1,569	-978	-1,529
Dividends Paid	-399	-430	-428	0	0	-188	-372	-332	-274	-222	-180	-139	-71	-22	-14	-13	-13	13	-14
Share Repurchases	-2,550	-250	0	0	0	-451	-2,000	-2,000	-1,600	-1,750	-1,180	-955	-540	-400	-225	0	0	54	-1,001
Stock Issued	–	–	–	0	0	2,294	0	0	–	–	–	–	–	–	–	–	–	–	–
Debt Issued	1,500	0	0	0	0	5,622	0	0	600	515	500	300	0	0	0	0	455	1,000	500
Other Financing Activities	-26	-17	6.00	8.00	77	49	-43	3.00	15	-3.00	-23	-19	-18	-12	-2.00	8.00	-13	-5.00	-23
Financing Cash Flow	-4,691	-1,980	-436	-3,032	359	9,658	-2,990	-2,496	-1,706	-1,924	-1,024	-1,248	-851	-947	-766	-149	330	1,654	-493
Net Change in Cash	-4,278	-1,779	-204	-2,988	1,417	8,515	694	359	-185	97	301	-73	242	284	-432	147	-254	-845	823
Free Cash Flow	-831	-1,592	-356	-134	1,817	-1,642	2,960	2,971	1,806	2,255	1,197	1,154	1,044	716	388	1,068	400	-598	1,514
Income Taxes Paid	-1.00	-21	-87	20	445	19	779	327	992	902	1,440	155	346	100	13	274	5.00	71	94
Interest Paid	108	220	228	305	336	212	88	107	81	100	105	128	133	153	185	135	152	100	63

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 3.5%
Net margin: 2.8%
Return on equity, FY2025: 4.8%

Financial strength

Current ratio: 0.49
Debt to equity: 0.84
Debt to assets: 19.7%
Cash to current liabilities: 28.6%

Valuation

P/E ratio: 24.6
Price to sales: 0.64
Price to book: 2.70
Dividend yield: 1.86%