Income Statement - SOUTHWEST AIRLINES CO (LUV)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 28,063.00 | 27,483.00 | 26,091.00 | 23,814.00 | 15,790.00 | 9,048.00 | 22,428.00 | 21,965.00 | 21,171.00 | 20,425.00 | 19,820.00 | 18,605.00 | 17,699.00 | 17,088.00 | 15,658.00 | 12,104.00 | 10,350.00 | 11,023.00 | 9,861.00 | 9,086.00 |
| Cost of revenue | 23,168.00 | 23,024.00 | 21,868.00 | 19,062.00 | 11,675.00 | 10,938.00 | 16,445.00 | 15,907.00 | 14,892.00 | 14,064.00 | 13,423.00 | 14,049.00 | 14,209.00 | 14,243.00 | 12,952.00 | 9,690.00 | 4,667.00 | 3,618.00 | 2,590.00 | 5,238.00 |
| Gross profit | 4,895.00 | 4,459.00 | 4,223.00 | 4,752.00 | 4,115.00 | -1,890.00 | 5,983.00 | 6,058.00 | 6,254.00 | 6,225.00 | 6,397.00 | 4,556.00 | 3,490.00 | 2,845.00 | 2,706.00 | 2,414.00 | 5,683.00 | 7,405.00 | 7,271.00 | 3,848.00 |
| Total operating expenses | 4,467.00 | 4,138.00 | 3,999.00 | 3,735.00 | 2,394.00 | 1,926.00 | 3,026.00 | 2,852.00 | 2,847.00 | 2,703.00 | 2,281.00 | 2,331.00 | 2,212.00 | 2,222.00 | 2,013.00 | 1,426.00 | 5,421.00 | 6,956.00 | 6,480.00 | 2,914.00 |
| Operating income | 428.00 | 321.00 | 224.00 | 1,017.00 | 1,721.00 | -3,816.00 | 2,957.00 | 3,206.00 | 3,407.00 | 3,522.00 | 4,116.00 | 2,225.00 | 1,278.00 | 623.00 | 693.00 | 988.00 | 262.00 | 449.00 | 791.00 | 934.00 |
| Non-operating income (net) | 135.00 | 277.00 | 409.00 | -289.00 | -396.00 | -440.00 | 0.00 | -42.00 | -142.00 | -72.00 | -637.00 | -409.00 | -69.00 | 62.00 | -370.00 | -243.00 | -98.00 | -171.00 | 267.00 | -144.00 |
| Income before tax | 563.00 | 598.00 | 633.00 | 728.00 | 1,325.00 | -4,256.00 | 2,957.00 | 3,164.00 | 3,265.00 | 3,450.00 | 3,479.00 | 1,816.00 | 1,209.00 | 685.00 | 323.00 | 745.00 | 164.00 | 278.00 | 1,058.00 | 790.00 |
| Income tax expense | 122.00 | 133.00 | 168.00 | 189.00 | 348.00 | -1,182.00 | 657.00 | 699.00 | -92.00 | 1,267.00 | 1,298.00 | 680.00 | 455.00 | 264.00 | 145.00 | 286.00 | 65.00 | 100.00 | 413.00 | 291.00 |
| Net income | 441.00 | 465.00 | 465.00 | 539.00 | 977.00 | -3,074.00 | 2,300.00 | 2,465.00 | 3,488.00 | 2,244.00 | 2,181.00 | 1,136.00 | 754.00 | 421.00 | 178.00 | 459.00 | 99.00 | 178.00 | 645.00 | 499.00 |
Show Quarterly Income Statement
Income Statement - SOUTHWEST AIRLINES CO (LUV)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 7,249.00 | 7,442.00 | 6,949.00 | 7,244.00 | 6,428.00 | 6,930.00 | 6,870.00 | 7,354.00 | 6,329.00 | 6,823.00 | 6,525.00 | 7,037.00 | 5,706.00 | 6,172.00 | 6,220.00 | 6,728.00 | 4,694.00 | 5,051.00 | 4,679.00 | 4,008.00 | 2,052.00 | 2,013.00 | 1,793.00 | 1,008.00 | 4,234.00 | 5,729.00 | 5,639.00 | 5,909.00 | 5,149.00 | 5,704.00 | 5,575.00 | 5,742.00 | 4,944.00 | 5,274.00 | 5,271.00 | 5,744.00 | 4,883.00 | 5,076.00 | 5,139.00 | 5,384.00 | 4,826.00 | 4,977.00 | 5,318.00 | 5,111.00 | 4,414.00 | 4,628.00 | 4,800.00 | 5,011.00 | 4,166.00 | 4,428.00 | 4,545.00 | 4,643.00 | 4,084.00 | 4,173.00 | 4,309.00 | 4,616.00 | 3,991.00 | 4,108.00 | 4,311.00 | 4,136.00 | 3,103.00 | 3,114.00 | 3,192.00 | 3,168.00 | 2,630.00 | 2,712.00 | 2,666.00 | 2,616.00 | 2,357.00 | 2,734.00 | 2,891.00 | 2,869.00 | 2,530.00 | 2,492.00 | 2,588.00 | 2,583.00 | 2,198.00 | 2,276.00 | 2,342.00 | 2,449.00 | 2,019.00 |
| Cost of revenue | 6,521.00 | 5,931.00 | 5,791.00 | 5,886.00 | 5,561.00 | 5,702.00 | 5,753.00 | 5,863.00 | 5,704.00 | 6,096.00 | 5,450.00 | 5,286.00 | 5,038.00 | 5,165.00 | 5,006.00 | 4,779.00 | 4,114.00 | 4,172.00 | 3,284.00 | 2,828.00 | 1,390.00 | 2,660.00 | 2,716.00 | 1,915.00 | 3,646.00 | 4,299.00 | 4,058.00 | 4,173.00 | 3,914.00 | 4,128.00 | 4,038.00 | 4,039.00 | 3,703.00 | 3,834.00 | 3,717.00 | 3,789.00 | 3,560.00 | 3,570.00 | 3,786.00 | 3,489.00 | 3,304.00 | 3,334.00 | 3,515.00 | 3,460.00 | 3,114.00 | 3,383.00 | 3,595.00 | 3,665.00 | 3,407.00 | 3,452.00 | 3,595.00 | 3,665.00 | 3,500.00 | 7,705.00 | 3,604.00 | 3,642.00 | 3,466.00 | 2,080.00 | 2,205.00 | 2,099.00 | 1,484.00 | 2,862.00 | 1,375.00 | 1,378.00 | 1,224.00 | 729.00 | 771.00 | 690.00 | 671.00 | 1,061.00 | 1,036.00 | 939.00 | 734.00 | 1,599.00 | 637.00 | 581.00 | 1,387.00 | 1,349.00 | 1,346.00 | 1,299.00 | 1,241.00 |
| Gross profit | 728.00 | 1,511.00 | 1,158.00 | 1,358.00 | 867.00 | 1,228.00 | 1,117.00 | 1,491.00 | 625.00 | 727.00 | 1,075.00 | 1,751.00 | 668.00 | 1,007.00 | 1,214.00 | 1,949.00 | 580.00 | 879.00 | 1,395.00 | 1,180.00 | 662.00 | -647.00 | -923.00 | -907.00 | 588.00 | 1,431.00 | 1,581.00 | 1,736.00 | 1,235.00 | 1,576.00 | 1,537.00 | 1,703.00 | 1,241.00 | 1,440.00 | 1,586.00 | 1,942.00 | 1,294.00 | 1,505.00 | 1,353.00 | 1,895.00 | 1,522.00 | 1,643.00 | 1,803.00 | 1,651.00 | 1,300.00 | 1,245.00 | 1,205.00 | 1,346.00 | 759.00 | 976.00 | 950.00 | 978.00 | 584.00 | -3,532.00 | 705.00 | 974.00 | 525.00 | 2,028.00 | 2,106.00 | 2,037.00 | 1,619.00 | 252.00 | 1,817.00 | 1,790.00 | 1,406.00 | 1,983.00 | 1,895.00 | 1,926.00 | 1,686.00 | 1,673.00 | 1,855.00 | 1,930.00 | 1,796.00 | 893.00 | 1,951.00 | 2,002.00 | 811.00 | 927.00 | 996.00 | 1,150.00 | 778.00 |
| Total operating expenses | 398.00 | 1,120.00 | 1,123.00 | 1,133.00 | 1,090.00 | 950.00 | 1,079.00 | 1,093.00 | 1,018.00 | 1,131.00 | 958.00 | 956.00 | 952.00 | 1,392.00 | 819.00 | 791.00 | 731.00 | 684.00 | 662.00 | 586.00 | 463.00 | 521.00 | 488.00 | 220.00 | 698.00 | 766.00 | 762.00 | 768.00 | 730.00 | 756.00 | 739.00 | 731.00 | 625.00 | 667.00 | 741.00 | 727.00 | 688.00 | 660.00 | 658.00 | 619.00 | 578.00 | 617.00 | 578.00 | 566.00 | 520.00 | 625.00 | 591.00 | 571.00 | 544.00 | 591.00 | 560.00 | 545.00 | 514.00 | -3,623.00 | 654.00 | 514.00 | 503.00 | 1,881.00 | 1,881.00 | 1,830.00 | 1,505.00 | 36.00 | 1,462.00 | 1,427.00 | 1,352.00 | 1,816.00 | 1,873.00 | 1,803.00 | 1,736.00 | 1,604.00 | 1,769.00 | 1,725.00 | 1,708.00 | 766.00 | 1,700.00 | 1,674.00 | 727.00 | 753.00 | 735.00 | 748.00 | 680.00 |
| Operating income | 330.00 | 391.00 | 35.00 | 225.00 | -223.00 | 278.00 | 38.00 | 398.00 | -393.00 | -404.00 | 117.00 | 795.00 | -284.00 | -385.00 | 395.00 | 1,158.00 | -151.00 | 195.00 | 733.00 | 594.00 | 199.00 | -1,168.00 | -1,411.00 | -1,127.00 | -110.00 | 665.00 | 819.00 | 968.00 | 505.00 | 820.00 | 798.00 | 972.00 | 616.00 | 773.00 | 845.00 | 1,215.00 | 606.00 | 845.00 | 695.00 | 1,276.00 | 944.00 | 1,026.00 | 1,225.00 | 1,085.00 | 780.00 | 620.00 | 614.00 | 775.00 | 215.00 | 385.00 | 390.00 | 433.00 | 70.00 | 91.00 | 51.00 | 460.00 | 22.00 | 147.00 | 225.00 | 207.00 | 114.00 | 216.00 | 355.00 | 363.00 | 54.00 | 167.00 | 22.00 | 123.00 | -50.00 | 69.00 | 86.00 | 205.00 | 88.00 | 127.00 | 251.00 | 328.00 | 84.00 | 174.00 | 261.00 | 402.00 | 98.00 |
| Non-operating income (net) | -45.00 | 16.00 | 33.00 | 55.00 | 31.00 | 51.00 | 51.00 | 80.00 | 95.00 | 118.00 | 120.00 | 91.00 | 79.00 | 100.00 | -42.00 | -122.00 | -225.00 | -118.00 | -133.00 | -92.00 | -53.00 | -163.00 | -131.00 | -112.00 | -34.00 | 1.00 | 0.00 | 0.00 | -1.00 | -3.00 | -12.00 | -12.00 | -14.00 | -35.00 | -13.00 | -50.00 | -74.00 | -36.00 | -77.00 | 28.00 | -128.00 | -179.00 | -292.00 | -108.00 | -57.00 | -319.00 | -89.00 | -29.00 | 29.00 | -52.00 | 29.00 | -70.00 | 24.00 | 34.00 | -18.00 | -92.00 | 137.00 | 108.00 | -451.00 | 68.00 | -96.00 | -3.00 | -23.00 | -179.00 | -37.00 | 17.00 | -42.00 | -16.00 | -57.00 | -152.00 | -291.00 | 324.00 | -51.00 | 57.00 | 26.00 | 119.00 | 65.00 | -73.00 | -183.00 | 113.00 | -2.00 |
| Income before tax | 285.00 | 407.00 | 68.00 | 280.00 | -192.00 | 329.00 | 89.00 | 478.00 | -298.00 | -286.00 | 237.00 | 886.00 | -205.00 | -285.00 | 353.00 | 1,036.00 | -376.00 | 77.00 | 600.00 | 502.00 | 146.00 | -1,331.00 | -1,542.00 | -1,239.00 | -144.00 | 666.00 | 819.00 | 968.00 | 504.00 | 817.00 | 786.00 | 960.00 | 602.00 | 738.00 | 832.00 | 1,165.00 | 532.00 | 809.00 | 618.00 | 1,304.00 | 816.00 | 847.00 | 933.00 | 977.00 | 723.00 | 301.00 | 525.00 | 746.00 | 244.00 | 333.00 | 419.00 | 363.00 | 94.00 | 125.00 | 33.00 | 368.00 | 159.00 | 255.00 | -226.00 | 275.00 | 18.00 | 213.00 | 332.00 | 184.00 | 17.00 | 184.00 | -20.00 | 107.00 | -107.00 | -83.00 | -205.00 | 529.00 | 37.00 | 184.00 | 277.00 | 447.00 | 149.00 | 101.00 | 78.00 | 515.00 | 96.00 |
| Income tax expense | 58.00 | 84.00 | 14.00 | 67.00 | -43.00 | 68.00 | 22.00 | 111.00 | -67.00 | -34.00 | 44.00 | 203.00 | -46.00 | -65.00 | 76.00 | 276.00 | -98.00 | 9.00 | 154.00 | 154.00 | 30.00 | -423.00 | -385.00 | -324.00 | -50.00 | 153.00 | 160.00 | 227.00 | 117.00 | 163.00 | 171.00 | 227.00 | 139.00 | -1,150.00 | 304.00 | 422.00 | 193.00 | 287.00 | 230.00 | 484.00 | 303.00 | 311.00 | 349.00 | 369.00 | 270.00 | 111.00 | 196.00 | 281.00 | 92.00 | 121.00 | 160.00 | 139.00 | 35.00 | 47.00 | 17.00 | 140.00 | 61.00 | 103.00 | -86.00 | 114.00 | 13.00 | 82.00 | 127.00 | 72.00 | 6.00 | 69.00 | -4.00 | 16.00 | -16.00 | -27.00 | -85.00 | 208.00 | 3.00 | 72.00 | 115.00 | 169.00 | 56.00 | 44.00 | 30.00 | 182.00 | 35.00 |
| Net income | 227.00 | 323.00 | 54.00 | 213.00 | -149.00 | 261.00 | 67.00 | 367.00 | -231.00 | -252.00 | 193.00 | 683.00 | -159.00 | -220.00 | 277.00 | 760.00 | -278.00 | 68.00 | 446.00 | 348.00 | 116.00 | -908.00 | -1,157.00 | -915.00 | -94.00 | 514.00 | 659.00 | 741.00 | 387.00 | 654.00 | 615.00 | 733.00 | 463.00 | 1,888.00 | 503.00 | 746.00 | 351.00 | 522.00 | 388.00 | 820.00 | 511.00 | 536.00 | 584.00 | 608.00 | 453.00 | 190.00 | 329.00 | 465.00 | 152.00 | 212.00 | 259.00 | 224.00 | 59.00 | 78.00 | 16.00 | 228.00 | 98.00 | 152.00 | -140.00 | 161.00 | 5.00 | 131.00 | 205.00 | 112.00 | 11.00 | 115.00 | -16.00 | 54.00 | -91.00 | -56.00 | -120.00 | 321.00 | 34.00 | 112.00 | 162.00 | 278.00 | 93.00 | 57.00 | 48.00 | 333.00 | 61.00 |