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Saturday 17 October 2026 Export LUV’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 16.4%, EPS grew 20.0%, free cash flow grew 86.8% and total debt rose 44.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five.

39.49 1.34 −3.28%
Market cap
$20.0B
P/E
23.8×
Fwd P/E
15.0×
Dividend yield
1.82%
F-score
7/9
Altman Z
2.22
Beneish M
−2.66
Dividend safety
24/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Southwest Airlines Co. (LUV) Operating cash flow

Alert me on Operating cash flow

Southwest Airlines Co.'s operating cash flow for fiscal 2025 was $1.8B, up 298.7% from $462.0M in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.5B. Over the past ten years it has ranged from −$1.1B (fiscal 2020) to $4.9B (fiscal 2018); the current reading is higher than 27% of that period. Southwest Airlines Co. ranks 7th of 18 Airlines companies by operating cash flow.

Operating cash flow, annual

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Annual newest first

Period Operating cash flow Change
FY2025 $1.8B 298.70%
FY2024 $462.0M (85.40%)
FY2023 $3.2B (16.52%)
FY2022 $3.8B 63.22%
FY2021 $2.3B —
FY2020 −$1.1B —
FY2019 $4.0B (18.52%)
FY2018 $4.9B 24.54%
FY2017 $3.9B (8.48%)
FY2016 $4.3B 32.58%

Quarterly newest first

Period Operating cash flow Change
Jun 2026 $529.0M (62.69%)
Mar 2026 $1.4B 380.68%
Dec 2025 $295.0M 3.15%
Sep 2025 $286.0M (28.68%)
42 more quarters

Against its own ten years

Low −$1.1B High $4.9B
Ten-year median $3.2B
Current reading's percentile 27

Operating cash flow against peers

Company Operating cash flow
ZNH China Southern Airlines Company Limited compare $12.0B
UAL United Airlines Holdings Inc compare $8.9B
DAL Delta Air Lines, Inc. compare $8.0B
AAL American Airlines Group Inc. compare $4.4B
RYAAY Ryanair Holdings PLC compare $4.0B
LTM LATAM Airlines Group S.A. compare $3.7B
LUV Southwest Airlines Co. $2.5B
CPA Copa Holdings, S.A. compare $1.3B
ALK Alaska Air Group, Inc. compare $1.0B

What Operating cash flow is

Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.

Reported line item

The full definition of Operating cash flow →

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