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 12/3013% below fair value
$45.23−1.25 (-2.69%)
Close on Nov 12, 2026Market cap $22.14BP/E 22.3Yield 1.59%
Southwest Airlines ebitda
EBITDA is earnings before interest, taxes, depreciation and amortization, a rough measure of cash profit from operations.
Southwest Airlines's ebitda for the twelve months ending Sep 30, 2026 was $2.95B, up 54.5% year over year. For fiscal 2025 it was $1.99B, up 0.5% from the year before. Over ten years it grew -9.0% a year on average. The highest annual figure on record is $5.13B in fiscal 2015.
Annual ebitda
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.99B | +0.5% |
| FY2024 | Dec 31, 2024 | $1.98B | +13.3% |
| FY2023 | Dec 31, 2023 | $1.75B | -26.3% |
| FY2022 | Dec 31, 2022 | $2.37B | -20.9% |
| FY2021 | Dec 31, 2021 | $2.99B | – |
| FY2020 | Dec 31, 2020 | -$2.56B | -161.3% |
| FY2019 | Dec 31, 2019 | $4.18B | -5.2% |
| FY2018 | Dec 31, 2018 | $4.41B | -4.7% |
| FY2017 | Dec 31, 2017 | $4.63B | -2.5% |
| FY2016 | Dec 31, 2016 | $4.74B | -7.6% |
| FY2015 | Dec 31, 2015 | $5.13B | +62.2% |
| FY2014 | Dec 31, 2014 | $3.16B | +47.5% |
| FY2013 | Dec 31, 2013 | $2.15B | +46.2% |
| FY2012 | Dec 31, 2012 | $1.47B | +4.2% |
| FY2011 | Dec 31, 2011 | $1.41B | -12.9% |
| FY2010 | Dec 31, 2010 | $1.62B | +84.1% |
| FY2009 | Dec 31, 2009 | $878.00M | -16.2% |
| FY2008 | Dec 31, 2008 | $1.05B | +344.1% |
| FY2007 | Dec 31, 2007 | $236.00M | – |
Quarterly ebitda
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $777.00M | +81.1% |
| Q2 FY2026 | Jun 30, 2026 | $687.00M | +9.9% |
| Q1 FY2026 | Mar 31, 2026 | $728.00M | +320.8% |
| Q4 FY2025 | Dec 31, 2025 | $762.00M | +11.2% |
| Q3 FY2025 | Sep 30, 2025 | $429.00M | -9.9% |
| Q2 FY2025 | Jun 30, 2025 | $625.00M | -22.1% |
| Q1 FY2025 | Mar 31, 2025 | $173.00M | +1053.3% |
| Q4 FY2024 | Dec 31, 2024 | $685.00M | +6127.3% |
| Q3 FY2024 | Sep 30, 2024 | $476.00M | -3.3% |
| Q2 FY2024 | Jun 30, 2024 | $802.00M | -31.0% |
| Q1 FY2024 | Mar 31, 2024 | $15.00M | -81.5% |
| Q4 FY2023 | Dec 31, 2023 | $11.00M | – |
| Q3 FY2023 | Sep 30, 2023 | $492.00M | -32.6% |
| Q2 FY2023 | Jun 30, 2023 | $1.16B | -21.6% |
| Q1 FY2023 | Mar 31, 2023 | $81.00M | -53.2% |
| Q4 FY2022 | Dec 31, 2022 | -$18.00M | -103.5% |
| Q3 FY2022 | Sep 30, 2022 | $730.00M | -30.8% |
| Q2 FY2022 | Jun 30, 2022 | $1.48B | +63.1% |
| Q1 FY2022 | Mar 31, 2022 | $173.00M | -66.1% |
| Q4 FY2021 | Dec 31, 2021 | $518.00M | – |
| Q3 FY2021 | Sep 30, 2021 | $1.06B | – |
| Q2 FY2021 | Jun 30, 2021 | $909.00M | – |
| Q1 FY2021 | Mar 31, 2021 | $511.00M | +154.2% |
| Q4 FY2020 | Dec 31, 2020 | -$854.00M | -187.3% |
| Q3 FY2020 | Sep 30, 2020 | -$1.10B | -197.2% |
| Q2 FY2020 | Jun 30, 2020 | -$814.00M | -164.1% |
| Q1 FY2020 | Mar 31, 2020 | $201.00M | -74.9% |
| Q4 FY2019 | Dec 31, 2019 | $978.00M | -15.0% |
| Q3 FY2019 | Sep 30, 2019 | $1.13B | +2.5% |
| Q2 FY2019 | Jun 30, 2019 | $1.27B | +0.5% |
| Q1 FY2019 | Mar 31, 2019 | $802.00M | -10.2% |
| Q4 FY2018 | Dec 31, 2018 | $1.15B | +12.8% |
| Q3 FY2018 | Sep 30, 2018 | $1.10B | -4.2% |
| Q2 FY2018 | Jun 30, 2018 | $1.26B | -17.6% |
| Q1 FY2018 | Mar 31, 2018 | $893.00M | -3.4% |
| Q4 FY2017 | Dec 31, 2017 | $1.02B | -12.4% |
| Q3 FY2017 | Sep 30, 2017 | $1.15B | – |
| Q2 FY2017 | Jun 30, 2017 | $1.53B | – |
| Q1 FY2017 | Mar 31, 2017 | $924.00M | – |
| Q4 FY2016 | Dec 31, 2016 | $1.16B | – |
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