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Southwest Airlines Revenue 2007-2026 | LUV

Annual FY2007–FY2025 · quarterly through Q3 FY2026

Latest annual · FY2025

$28.06B

+2.1%YoY vs FY2024Source: 10-KFY2025

From $9.86B in FY2007 to $28.06B in FY2025: 2.8× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$7.2B+12.8%$8.4B+16.4%$8.4B+21.2%Not reported
FY25$6.4B+1.6%$7.2B−1.5%$6.9B+1.1%$7.4B+7.4%
FY24$6.3B+10.9%$7.4B+4.5%$6.9B+5.3%$6.9B+1.6%
FY23$5.7B+21.6%$7.0B+4.6%$6.5B+4.9%$6.8B+10.5%
FY22$4.7B+128.8%$6.7B+67.9%$6.2B+32.9%$6.2B+22.2%
Share24%24%25%26%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+25.4%

FY2020
$9.05B
FY2025
$28.06B

5 years selected · on the chart

01—History

Revenue History

Year-over-year comparison from 10-K annual reports

  19. $28.06B
YoY changeLargest recent move+74.5%in FY21Latest +2.1%

02—Ledger

Revenue, period by period

PeriodValueChangeSource
FY2025$28.06B+2.1%10-K
FY2024$27.48B+5.3%10-K
FY2023$26.09B+9.6%10-K
FY2022$23.81B+50.8%10-K
FY2021$15.79B+74.5%10-K
FY2020$9.05B−59.7%10-K
FY2019$22.43B+2.1%10-K
FY2018$21.96B+3.8%10-K
FY2017$21.17B+3.7%10-K
FY2016$20.43B+3.1%10-K
FY2015$19.82B+6.5%10-K
FY2014$18.61B+5.1%10-K
FY2013$17.70B+3.6%10-K
FY2012$17.09B+9.1%10-K
FY2011$15.66B+29.4%10-K
FY2010$12.10B+16.9%10-K
FY2009$10.35B−6.1%10-K
FY2008$11.02B+11.8%10-K
FY2007$9.86B—10-K

03—Questions

What is revenue?

Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.

What is Southwest Airlines's current revenue?

Southwest Airlines (LUV) annual revenue for 2025 was $28.06B, a 2.11% increase from 2024. Southwest Airlines revenue for the quarter ending September 30, 2026 was $8.42B.

What was Southwest Airlines's revenue in 2024?

Southwest Airlines annual revenue for 2024 was $27.48B, a 5.34% increase from 2023.

What was Southwest Airlines's revenue in 2023?

Southwest Airlines annual revenue for 2023 was $26.09B, a 9.56% increase from 2022.

What is Southwest Airlines's 5-year revenue CAGR?

Southwest Airlines revenue grew at a compound annual growth rate (CAGR) of 25.41% from FY2020 to FY2025, going from $9.05B to $28.06B over 5 years.

Company
Southwest Airlines
Ticker
LUV
Sector
Other
Industry
Air Transportation, Scheduled
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