NYSE:LUV
Southwest Airlines Co.
Southwest Airlines Co.'s revenue grew 2.1% in fiscal 2025 to $28.1B while operating margin rose to 1.5%. Free cash flow was −$831.0M, −3.0% of revenue, and the diluted share count fell 13.2%.Summary generated from Southwest Airlines Co.'s SEC filings. Latest annual report filed Feb 5, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$28.1B
Revenue growth+2.1%
Revenue, 5-yr CAGR+25.4%
Gross marginn/a
Operating margin1.5%
Net margin1.6%
ROIC3.5%
Return on equity4.8%
Debt / equity0.62
Free cash flow−$831.0M
FCF margin−3.0%
Share count change−13.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 15.8 | 23.8 | 26.1 | 27.5 | 28.1 |
| Operating income | 1.7 | 1.0 | 0.2 | 0.3 | 0.4 |
| Net income | 1.0 | 0.5 | 0.5 | 0.5 | 0.4 |
| Free cash flow | 1.8 | −0.1 | −0.4 | −1.6 | −0.8 |
Recent filings
- 4Insider transaction report
Sep 17, 2026 - 4Insider transaction report
Aug 25, 2026 - 8-KEntry into a material agreement
Aug 12, 2026 - 8-KDirector or officer change
Aug 10, 2026 - 8-KDirector or officer change
Aug 7, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 23, 2026 - 8-KResults of operations and financial condition
Jul 22, 2026 - 8-KEntry into a material agreement
May 19, 2026