LUVSouthwest Airlines

$41.75+27% 1Y

The financials

Southwest Airlines by the numbers

Southwest Airlines (LUV) reported revenue of $8.42B in Q3 2026 (quarter ended Sep 30, 2026), up 21% from the same quarter a year earlier. That came with net income of $270M (3.2% of revenue). For the full year FY2025, revenue was $28.1B (+2.1% year on year) and net income $441M. Its largest product in Q2 2026 (quarter ended Jun 30, 2026) was Passenger Revenue Non Loyalty at $6.10B, 73% of the disclosed total, well ahead of Passenger Ancillary Sold Separately at 10%. The next results filing is expected around Jan 27, 2027, the same week as a year ago.

Southwest Airlines income statement, Q3 2026 against the same quarter a year earlier
Income statementQ3 2026Q3 2025Change
Revenue$8.42B$6.95B+21%
Operating income$379M$35M+983%
Net income$270M$54M+400%
Diluted EPS$0.55$0.10+450%
Revenue by product, Q2 2026 (quarter ended Jun 30, 2026), as reported to the SEC · segment disclosure runs one filing behind the income statement
ProductRevenueShare
Passenger Revenue Non Loyalty$6.10B73%
Passenger Ancillary Sold Separately$875M10%
Passenger Loyalty Air Transportation$766M9.1%
Product And Service Other Loyalty Program$578M6.9%
Product And Service Other Other Miscellaneous$59M0.7%

Business segments

Revenue split by product segment, from SEC XBRL filings.

Latest period: Q2 2026Total $8.38B (+16%)
Passenger Ancillary Sold Separately grew +183% year on yearPassenger Loyalty Air Transportation -12% year on year
  • Passenger Revenue Non Loyalty$6.10Bquarter on quarter +18%year on year +12%
  • Passenger Ancillary Sold Separately$875.0Mquarter on quarter +22%year on year +183%
  • Passenger Loyalty Air Transportation$766.0Mquarter on quarter +11%year on year -12%
  • Product And Service Other Loyalty Program$578.0Mquarter on quarter +3.8%year on year +7.8%
  • Product And Service Other Other Miscellaneous$59.0Mquarter on quarter +3.5%year on year +59%
Segment sum = 99% of reported consolidated revenue · Latest source: 10-Q filed Jul 23, 2026, SEC EDGAR