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

44.45 0.01 +0.02%
Market cap
$21.8B
P/E
21.1×
Fwd P/E
17.9×
Dividend yield
1.62%
F-score
7/9
ROIC
9.02%
Net debt / EBITDA
0.8×
Dividend safety
24/100

Southwest Airlines Co. (LUV) Revenue growth

Alert me on Revenue growth

Southwest Airlines Co.'s revenue growth over the twelve months to 30 September 2026 was 14.5%, up 12.4 percentage points from fiscal 2025 (2.11%). Over the past ten years it has ranged from −59.7% (fiscal 2020) to 74.5% (fiscal 2021); the current reading is higher than 27% of that period. That is in line with the Airlines industry median of 14.1% and above the Industrials sector median of 8.58%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 2.11% (3.23)
FY2024 5.34% (4.22)
FY2023 9.56% (41.26)
FY2022 50.8% (23.69)
FY2021 74.5% 134.17
FY2020 −59.7% (61.77)
FY2019 2.11% (1.76)
FY2018 3.87% (0.35)
FY2017 4.22% 1.85
FY2016 2.37% (4.16)

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 21.2% 4.80
Jun 2026 16.4% 3.63
Mar 2026 12.8% 5.38
Dec 2025 7.39% 6.24
43 more quarters

Against its own ten years

Low −59.7% High 74.5%
Ten-year median 4.22%
Current reading's percentile 27

Revenue growth against peers

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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