Southwest Airlines Co.

LUV Industrials Airlines

Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.

Revenue
+21.2%
EPS
+450.0%
Free cash flow
+46.9%
Total debt
+43.5%

Quarter to September 2026, against a year earlier

44.48 0.04 +0.09%
Market cap
$21.8B
P/E
21.1×
Fwd P/E
17.1×
Dividend yield
1.62%
F-score
7/9
Altman Z
2.22
Beneish M
−2.66
Dividend safety
24/100

Southwest Airlines Co. 10-Q filed Oct 22, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 4:25 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 23, 2026: 12 added · 9 removed · 40 modified; 12 with only figures updated

  1. Modified · Financial Highlights

    The Company reports its results in accordance with GAAP. The Company also provides certain non-GAAP financial measures which the Company's management also utilizes to evaluate its ongoing financial performance, and the Company believes provides additional insight to investors as supplemental information to its GAAP results, as noted in the following tables. See Note Regarding Use of Non-GAAP Financial Measures and the Reconciliation of Reported Amounts to Non-GAAP Financial Measures for additional detail regarding non-GAAP financial measures. Within the financial tables presented, certain columns and rows may not calculate precisely to the reported totals due to the use of rounded numbers.