Southwest Airlines Co (LUV) stock
Close on Nov 11, 2026Market cap $22.76BP/E 22.9Yield 1.55%
Southwest Airlines Co grew revenue 14.5% to $31.55B over the twelve months to Sep 30, 2026. Operating income rose 339.7% to $1.39B, moving the operating margin from 1.1% to 4.4%. Free cash flow was -$449.00M. At the latest close the market valued the company at $22.76B, 22.9 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $22.76B
- P/E ratio
- 22.9
- Price to sales
- 0.72
- Price to book
- 3.11
- Dividend yield
- 1.55%
- Free cash flow yield
- -1.97%
Fundamentals
- Revenue
- $31.55B
- Net income
- $1.05B
- EPS, diluted
- $2.03
- Free cash flow
- -$449.00M
- Book value per share
- $14.84
- Diluted shares
- 494M
Trading
- Next earnings
- Jan 27, 2027 (estimated, after the close)
- Previous close
- $46.32
- Open
- $45.93
- Day's range
- $45.60 – $46.66
- Volume
- 4,383,153
- Average volume (20 days)
- 6,740,499
- Index membership
- S&P 500, Russell 1000, Russell 3000
- Beta (5 years)
- 1.01
- 52-week range
- $31.15 – $55.11
- RSI (14 days)
- 64.2
- Volatility (1 year)
- 44.3%
- Relative volume
- 0.76×
- WACC
- 8.7%
On 2 of our idea lists: Breakout quarter, Shareholder yield
Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | LUV | S&P 500 | Difference | LUV per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +11.6% | -2.4% | +14.0 pts | ||
| 3 months | +2.6% | -1.2% | +3.7 pts | ||
| Year to date | +14.0% | +12.3% | +1.7 pts | ||
| 1 year | +47.9% | +12.4% | +35.4 pts | ||
| 3 years | +114.0% | +78.8% | +35.1 pts | +28.9% | +21.4% |
| 5 years | +3.2% | +75.2% | −72.0 pts | +0.6% | +11.9% |
| 10 years | +20.0% | +311.1% | −291.1 pts | +1.8% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Southwest Airlines filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About Southwest Airlines
Air Transportation, Scheduled
Southwest Airlines Co. operates a major passenger airline providing scheduled air transportation. The company offers scheduled flights primarily utilizing a point-to-point network structure complemented by select hub connectivity, alongside vacation packages through its in-house Getaways product and ancillary travel services. Service offerings feature multiple fare tiers—Basic, Choice, Choice Preferred, and Choice Extra—which provide assigned and extra-legroom seating options, boarding privileges, and integration with its Rapid Rewards loyalty program. Southwest serves individual leisure passengers, business travelers through dedicated corporate channels, and international travelers connecting via global airline partnerships.
Company profile, executives and historySouthwest Airlines stock: common questions
What is Southwest Airlines's stock price?
LUV closed at $46.48 on Nov 11, 2026, up 0.35% on the day. Over the past 52 weeks it traded between $31.15 and $55.11.
What is Southwest Airlines's market cap?
Southwest Airlines was worth $22.76B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is LUV's P/E ratio?
LUV trades at 22.9 times earnings, based on diluted earnings per share of $2.03 over the twelve months to Sep 30, 2026.
How much revenue does Southwest Airlines make?
Southwest Airlines reported revenue of $31.55B for the twelve months to Sep 30, 2026, up 14.5% from a year earlier.
Does Southwest Airlines pay a dividend?
Yes. Southwest Airlines paid $0.72 per share over the last twelve months, a yield of 1.55% at the latest price.
When does Southwest Airlines report earnings next?
Southwest Airlines is expected to report Q4 FY2026 results on Jan 27, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has LUV stock performed over the past year?
Including dividends, LUV returned +47.9% over the past year, against +12.4% for the S&P 500.
How many LUV shares are sold short?
25M shares were sold short at the latest FINRA report, 5.36% of the float, or 3.5 days of average trading volume.
Who are Southwest Airlines's competitors?
Companies most similar to Southwest Airlines by business, industry and size include AZUL, AAL, RYAAY, JBLU, DAL.
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