Southwest Airlines Co (LUV) stock
LUVNYSEAir Transportation, ScheduledFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 12/3014% below fair value
$45.23−1.25 (-2.69%)
Close on Nov 12, 2026Market cap $22.14BP/E 22.3Yield 1.59%
Southwest Airlines profit margin
Profit margin (net margin) is net income as a percentage of revenue.
Southwest Airlines's profit margin for the twelve months ending Sep 30, 2026 was 3.3%. For fiscal 2025 it was 1.6%, against 1.7% the year before. The highest annual figure on record is 15.9% in fiscal 2017.
Annual profit margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1.6% | −0.1 |
| FY2024 | Dec 31, 2024 | 1.7% | −0.1 |
| FY2023 | Dec 31, 2023 | 1.8% | −0.5 |
| FY2022 | Dec 31, 2022 | 2.3% | −3.9 |
| FY2021 | Dec 31, 2021 | 6.2% | +40.2 |
| FY2020 | Dec 31, 2020 | -34.0% | −44.2 |
| FY2019 | Dec 31, 2019 | 10.3% | −1.0 |
| FY2018 | Dec 31, 2018 | 11.2% | −4.7 |
| FY2017 | Dec 31, 2017 | 15.9% | +5.1 |
| FY2016 | Dec 31, 2016 | 10.8% | −0.2 |
| FY2015 | Dec 31, 2015 | 11.0% | +4.9 |
| FY2014 | Dec 31, 2014 | 6.1% | +1.8 |
| FY2013 | Dec 31, 2013 | 4.3% | +1.8 |
| FY2012 | Dec 31, 2012 | 2.5% | +1.3 |
| FY2011 | Dec 31, 2011 | 1.1% | −2.7 |
| FY2010 | Dec 31, 2010 | 3.8% | +2.8 |
| FY2009 | Dec 31, 2009 | 1.0% | −0.7 |
| FY2008 | Dec 31, 2008 | 1.6% | −4.9 |
| FY2007 | Dec 31, 2007 | 6.5% | – |
Quarterly profit margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 3.2% | +2.4 |
| Q2 FY2026 | Jun 30, 2026 | 2.8% | −0.2 |
| Q1 FY2026 | Mar 31, 2026 | 3.1% | +5.4 |
| Q4 FY2025 | Dec 31, 2025 | 4.3% | +0.6 |
| Q3 FY2025 | Sep 30, 2025 | 0.8% | −0.2 |
| Q2 FY2025 | Jun 30, 2025 | 2.9% | −2.1 |
| Q1 FY2025 | Mar 31, 2025 | -2.3% | +1.3 |
| Q4 FY2024 | Dec 31, 2024 | 3.8% | +7.5 |
| Q3 FY2024 | Sep 30, 2024 | 1.0% | −2.0 |
| Q2 FY2024 | Jun 30, 2024 | 5.0% | −4.7 |
| Q1 FY2024 | Mar 31, 2024 | -3.6% | −0.9 |
| Q4 FY2023 | Dec 31, 2023 | -3.7% | −0.1 |
| Q3 FY2023 | Sep 30, 2023 | 3.0% | −1.5 |
| Q2 FY2023 | Jun 30, 2023 | 9.7% | −1.6 |
| Q1 FY2023 | Mar 31, 2023 | -2.8% | +3.1 |
| Q4 FY2022 | Dec 31, 2022 | -3.6% | −4.9 |
| Q3 FY2022 | Sep 30, 2022 | 4.5% | −5.1 |
| Q2 FY2022 | Jun 30, 2022 | 11.3% | +2.6 |
| Q1 FY2022 | Mar 31, 2022 | -5.9% | −11.6 |
| Q4 FY2021 | Dec 31, 2021 | 1.3% | +46.5 |
| Q3 FY2021 | Sep 30, 2021 | 9.5% | +74.1 |
| Q2 FY2021 | Jun 30, 2021 | 8.7% | +99.5 |
| Q1 FY2021 | Mar 31, 2021 | 5.7% | +7.9 |
| Q4 FY2020 | Dec 31, 2020 | -45.1% | −54.1 |
| Q3 FY2020 | Sep 30, 2020 | -64.5% | −76.2 |
| Q2 FY2020 | Jun 30, 2020 | -90.8% | −103.3 |
| Q1 FY2020 | Mar 31, 2020 | -2.2% | −9.7 |
| Q4 FY2019 | Dec 31, 2019 | 9.0% | −2.5 |
| Q3 FY2019 | Sep 30, 2019 | 11.7% | +0.7 |
| Q2 FY2019 | Jun 30, 2019 | 12.5% | −0.2 |
| Q1 FY2019 | Mar 31, 2019 | 7.5% | −1.8 |
| Q4 FY2018 | Dec 31, 2018 | 11.5% | −21.8 |
| Q3 FY2018 | Sep 30, 2018 | 11.0% | +1.1 |
| Q2 FY2018 | Jun 30, 2018 | 12.8% | −0.2 |
| Q1 FY2018 | Mar 31, 2018 | 9.4% | +2.4 |
| Q4 FY2017 | Dec 31, 2017 | 33.2% | +22.9 |
| Q3 FY2017 | Sep 30, 2017 | 10.0% | – |
| Q2 FY2017 | Jun 30, 2017 | 13.0% | – |
| Q1 FY2017 | Mar 31, 2017 | 7.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 10.3% | – |
See a number that looks wrong?