Southwest Airlines Quarterly Income Statement
NYSE: LUVConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Southwest Airlines revenue and earnings
In the quarter ended Jun 30, 2026, Southwest Airlines generated $8.43 billion in revenue, up 16.4% from the same quarter a year earlier. Net income was $233.0 million (+9.4% year over year), for a net margin of 2.8% versus a median of 2.9% in the prior 5 quarters. Operating margin was 3.4%.
Diluted earnings per share came in at $0.47, up from $0.39.
Summary generated from market data by MetaCap's automated system. Methodology
Southwest Airlines income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.43B | 7.25B | 7.44B | 6.95B | 7.24B | 6.43B | 6.93B | 6.87B | 7.35B | 6.33B | 6.82B | 6.53B |
| Revenue growth (YoY) | +16.40% | +12.77% | +7.39% | +1.15% | -1.50% | +1.56% | +1.57% | +5.29% | +4.50% | +10.92% | +10.55% | +4.90% |
| Operating Income | 285.00M | 330.00M | 391.00M | 35.00M | 225.00M | -223.00M | 278.00M | 38.00M | 398.00M | -393.00M | -404.00M | 117.00M |
| Interest Expense | 64.00M | 54.00M | 47.00M | 35.00M | 39.00M | 46.00M | 58.00M | 63.00M | 63.00M | 65.00M | 66.00M | 63.00M |
| Other Income (Expense) | 21.00M | -45.00M | 17.00M | 33.00M | 55.00M | 31.00M | 51.00M | 51.00M | 80.00M | 95.00M | 118.00M | 120.00M |
| Pretax Income | 306.00M | 285.00M | 408.00M | 68.00M | 280.00M | -192.00M | 329.00M | 89.00M | 478.00M | -298.00M | -286.00M | 237.00M |
| Income Tax | 73.00M | 58.00M | 85.00M | 14.00M | 67.00M | -43.00M | 68.00M | 22.00M | 111.00M | -67.00M | -34.00M | 44.00M |
| Net Income | 233.00M | 227.00M | 323.00M | 54.00M | 213.00M | -149.00M | 261.00M | 67.00M | 367.00M | -231.00M | -252.00M | 193.00M |
| Net Income growth (YoY) | +9.39% | — | +23.75% | -19.40% | -41.96% | — | — | -65.28% | -46.27% | — | — | -30.32% |
| EPS (Basic) | 0.48 | 0.45 | 0.58 | 0.10 | 0.40 | -0.26 | 0.45 | 0.11 | 0.61 | -0.39 | -0.42 | 0.32 |
| EPS (Diluted) | 0.47 | 0.45 | 0.56 | 0.10 | 0.39 | -0.26 | 0.46 | 0.11 | 0.58 | -0.39 | -0.36 | 0.31 |
| Shares Outstanding (Basic) | 489.00M | 498.00M | — | 523.00M | 538.00M | 584.00M | — | 599.00M | 599.00M | 597.00M | — | 596.00M |
| Shares Outstanding (Diluted) | 493.00M | 503.00M | — | 526.00M | 541.00M | 584.00M | — | 601.00M | 643.00M | 597.00M | — | 640.00M |
| EBITDA | 687.00M | 728.00M | 762.00M | 429.00M | 625.00M | 173.00M | 685.00M | 476.00M | 802.00M | 15.00M | 11.00M | 492.00M |
| Operating Margin | 3.38% | 4.55% | 5.25% | 50.00% | 3.11% | -3.47% | 4.01% | 55.00% | 5.41% | -6.21% | -5.92% | 1.79% |
| Net Margin | 2.76% | 3.13% | 4.34% | 78.00% | 2.94% | -2.32% | 3.77% | 98.00% | 4.99% | -3.65% | -3.69% | 2.96% |
This table shows 12 quarterly periods of Southwest Airlines's income statement, from Q2 2026 back to Q3 2023, across 15 line items including revenue, operating expenses, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow LUV's reporting calendar. What is a income statement?