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Southwest Airlines Co.
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Southwest Airlines Co.'s Revenue (2016 - 2025)

  • Southwest Airlines Co.'s annual revenue was $28.06 B in fiscal year 2025. The annual revenue increased $580.00 M from $27.48 B (in 2024) to $28.06 B (in 2025), representing a 2.11% year-over-year growth.

  • Southwest Airlines Co.'s quarterly revenue was $7.25 B in the quarter ending Mar 2026. The quarterly revenue increased $821.00 M from $6.43 B (in Q1: Dec 2025) to $7.25 B (in Q1: Dec 2026), representing a 12.77% year-over-year growth.

    • Over the past 10 years (2016 - 2025):
  • The highest annual revenue for Southwest Airlines Co. was $28.06 B in fiscal year 2025.
  • The lowest annual revenue was $9.05 B in fiscal year 2020.
  • The average revenue was $21.63 B.

    • Learn more about Southwest Airlines Co.'s Revenue by Segment and Revenue by Region.

    Check out competitors to Southwest Airlines Co. in a side-by-side comparison.

    Explore additional financial metrics for Southwest Airlines Co..


    Definition of Revenue :
  • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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Southwest Airlines Co.'s Revenue Trend

2025

Southwest Airlines Co.'s annual revenue was $28.06 B in fiscal year 2025.

Southwest Airlines Co.'s quarterly revenue was $6.43 B(Q1: Mar 2025), $7.24 B(Q2: Jun 2025), $6.95 B(Q3: Sep 2025), $7.44 B(Q4: Dec 2025) in fiscal year 2025.

2024

Southwest Airlines Co.'s annual revenue was $27.48 B in fiscal year 2024.

Southwest Airlines Co.'s quarterly revenue was $6.33 B(Q1: Mar 2024), $7.35 B(Q2: Jun 2024), $6.87 B(Q3: Sep 2024), $6.93 B(Q4: Dec 2024) in fiscal year 2024.

2023

Southwest Airlines Co.'s annual revenue was $26.09 B in fiscal year 2023.

Southwest Airlines Co.'s quarterly revenue was $5.71 B(Q1: Mar 2023), $7.04 B(Q2: Jun 2023), $6.53 B(Q3: Sep 2023), $6.82 B(Q4: Dec 2023) in fiscal year 2023.

2022

Southwest Airlines Co.'s annual revenue was $23.81 B in fiscal year 2022.

Southwest Airlines Co.'s quarterly revenue was $4.69 B(Q1: Mar 2022), $6.73 B(Q2: Jun 2022), $6.22 B(Q3: Sep 2022), $6.17 B(Q4: Dec 2022) in fiscal year 2022.

2021

Southwest Airlines Co.'s annual revenue was $15.79 B in fiscal year 2021.

Southwest Airlines Co.'s quarterly revenue was $2.05 B(Q1: Mar 2021), $4.01 B(Q2: Jun 2021), $4.68 B(Q3: Sep 2021), $5.05 B(Q4: Dec 2021) in fiscal year 2021.

2020

Southwest Airlines Co.'s annual revenue was $9.05 B in fiscal year 2020.

Southwest Airlines Co.'s quarterly revenue was $4.23 B(Q1: Mar 2020), $1.01 B(Q2: Jun 2020), $1.79 B(Q3: Sep 2020), $2.01 B(Q4: Dec 2020) in fiscal year 2020.

2019

Southwest Airlines Co.'s annual revenue was $22.43 B in fiscal year 2019.

Southwest Airlines Co.'s quarterly revenue was $5.15 B(Q1: Mar 2019), $5.91 B(Q2: Jun 2019), $5.64 B(Q3: Sep 2019), $5.73 B(Q4: Dec 2019) in fiscal year 2019.

2018

Southwest Airlines Co.'s annual revenue was $21.97 B in fiscal year 2018.

Southwest Airlines Co.'s quarterly revenue was $4.94 B(Q1: Mar 2018), $5.74 B(Q2: Jun 2018), $5.58 B(Q3: Sep 2018), $5.70 B(Q4: Dec 2018) in fiscal year 2018.

2017

Southwest Airlines Co.'s annual revenue was $21.17 B in fiscal year 2017.

Southwest Airlines Co.'s quarterly revenue was $4.88 B(Q1: Mar 2017), $5.74 B(Q2: Jun 2017), $5.27 B(Q3: Sep 2017), $5.27 B(Q4: Dec 2017) in fiscal year 2017.

2016

Southwest Airlines Co.'s annual revenue was $20.43 B in fiscal year 2016.

Southwest Airlines Co.'s quarterly revenue was $4.83 B(Q1: Mar 2016), $5.38 B(Q2: Jun 2016), $5.14 B(Q3: Sep 2016), $5.08 B(Q4: Dec 2016) in fiscal year 2016.

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Southwest Airlines Co.'s Revenue (Year-over-Year Change)

2015 0
2016 +3.05
2017 +3.65
2018 +3.75
2019 +2.11
2020 -59.66
2021 +74.51
2022 +50.82
2023 +9.56
2024 +5.34
2025 +2.11

2025

Southwest Airlines Co.’s annual revenue increased +2.11% during fiscal year 2025 compared to 2024. It represents a growth of $580.00 M from $27.48 B (in 2024) to $28.06 B (in 2025).

2024

Southwest Airlines Co.’s annual revenue increased +5.34% during fiscal year 2024 compared to 2023. It represents a growth of $1.39 B from $26.09 B (in 2023) to $27.48 B (in 2024).

2023

Southwest Airlines Co.’s annual revenue increased +9.56% during fiscal year 2023 compared to 2022. It represents a growth of $2.28 B from $23.81 B (in 2022) to $26.09 B (in 2023).

2022

Southwest Airlines Co.’s annual revenue increased +50.82% during fiscal year 2022 compared to 2021. It represents a growth of $8.02 B from $15.79 B (in 2021) to $23.81 B (in 2022).

2021

Southwest Airlines Co.’s annual revenue increased +74.51% during fiscal year 2021 compared to 2020. It represents a growth of $6.74 B from $9.05 B (in 2020) to $15.79 B (in 2021).

2020

Southwest Airlines Co.’s annual revenue decreased -59.66% during fiscal year 2020 compared to 2019. It represents a decline of $13.38 B from $22.43 B (in 2019) to $9.05 B (in 2020).

2019

Southwest Airlines Co.’s annual revenue increased +2.11% during fiscal year 2019 compared to 2018. It represents a growth of $463.00 M from $21.97 B (in 2018) to $22.43 B (in 2019).

2018

Southwest Airlines Co.’s annual revenue increased +3.75% during fiscal year 2018 compared to 2017. It represents a growth of $794.00 M from $21.17 B (in 2017) to $21.97 B (in 2018).

2017

Southwest Airlines Co.’s annual revenue increased +3.65% during fiscal year 2017 compared to 2016. It represents a growth of $746.00 M from $20.43 B (in 2016) to $21.17 B (in 2017).

2016

Southwest Airlines Co.’s annual revenue increased +3.05% during fiscal year 2016 compared to 2015. It represents a growth of $605.00 M from $19.82 B (in 2015) to $20.43 B (in 2016).

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Southwest Airlines Co. Revenue History

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Period Revenue Year-over-Year Change
FY 2025
$28.06 B $580.00 M 2.11%
Q4: Dec 25 $7.44 B $512.00 M 7.39%
Q3: Sep 25 $6.95 B $79.00 M 1.15%
Q2: Jun 25 $7.24 B -$110.00 M 1.5%
Q1: Mar 25 $6.43 B $99.00 M 1.56%
FY 2024
$27.48 B $1.39 B 5.34%
Q4: Dec 24 $6.93 B $107.00 M 1.57%
Q3: Sep 24 $6.87 B $345.00 M 5.29%
Q2: Jun 24 $7.35 B $317.00 M 4.5%
Q1: Mar 24 $6.33 B $623.00 M 10.92%
FY 2023
$26.09 B $2.28 B 9.56%
Q4: Dec 23 $6.82 B $651.00 M 10.55%
Q3: Sep 23 $6.53 B $305.00 M 4.9%
Q2: Jun 23 $7.04 B $309.00 M 4.59%
Q1: Mar 23 $5.71 B $1.01 B 21.56%
FY 2022
$23.81 B $8.02 B 50.82%
Q4: Dec 22 $6.17 B $1.12 B 22.19%
Q3: Sep 22 $6.22 B $1.54 B 32.93%
Q2: Jun 22 $6.73 B $2.72 B 67.86%
Q1: Mar 22 $4.69 B $2.64 B 128.75%
FY 2021
$15.79 B $6.74 B 74.51%
Q4: Dec 21 $5.05 B $3.04 B 150.92%
Q3: Sep 21 $4.68 B $2.89 B 160.96%
Q2: Jun 21 $4.01 B $3.00 B 297.62%
Q1: Mar 21 $2.05 B -$2.18 B 51.54%
FY 2020
$9.05 B -$13.38 B 59.66%
Q4: Dec 20 $2.01 B -$3.72 B 64.86%
Q3: Sep 20 $1.79 B -$3.85 B 68.2%
Q2: Jun 20 $1.01 B -$4.90 B 82.94%
Q1: Mar 20 $4.23 B -$915.00 M 17.77%
FY 2019
$22.43 B $463.00 M 2.11%
Q4: Dec 19 $5.73 B $25.00 M 0.44%
Q3: Sep 19 $5.64 B $64.00 M 1.15%
Q2: Jun 19 $5.91 B $167.00 M 2.91%
Q1: Mar 19 $5.15 B $205.00 M 4.15%
FY 2018
$21.97 B $794.00 M 3.75%
Q4: Dec 18 $5.70 B $430.00 M 8.15%
Q3: Sep 18 $5.58 B $304.00 M 5.77%
Q2: Jun 18 $5.74 B -$2.00 M 0.03%
Q1: Mar 18 $4.94 B $61.00 M 1.25%
FY 2017
$21.17 B $746.00 M 3.65%
Q4: Dec 17 $5.27 B $198.00 M 3.9%
Q3: Sep 17 $5.27 B $132.00 M 2.57%
Q2: Jun 17 $5.74 B $360.00 M 6.69%
Q1: Mar 17 $4.88 B $57.00 M 1.18%
FY 2016
$20.43 B $605.00 M 3.05%
Q4: Dec 16 $5.08 B $99.00 M 1.99%
Q3: Sep 16 $5.14 B -$179.00 M 3.37%
Q2: Jun 16 $5.38 B $273.00 M 5.34%
Q1: Mar 16 $4.83 B $412.00 M 9.33%

Frequently Asked Questions

What is the annual revenue of Southwest Airlines Co.?

In fiscal year 2025, Southwest Airlines Co.'s revenue was $28.06 Billion.

How much did Southwest Airlines Co.'s revenue change in the last year?

Southwest Airlines Co.'s revenue increased by +2.11% (+$580.00 Million) in 2025 compared to 2024.

What is Southwest Airlines Co.'s most recent quarterly revenue?

In the first quarter (Q1) of 2026, Southwest Airlines Co. reported a revenue of $7.25 Billion.

What is Southwest Airlines Co.'s revenue per share (TTM)?

Southwest Airlines Co.'s revenue per share over the trailing twelve months is $58.00.

What is Southwest Airlines Co.'s revenue per employee?

In the fiscal year 2025, Southwest Airlines Co.'s revenue per employee was $385.53 K.

What is the annual net income of Southwest Airlines Co.?

In fiscal year 2025, Southwest Airlines Co.'s net income was $441.00 Million.

What is Southwest Airlines Co.'s biggest product segment, and what is its revenue?

Passenger is Southwest Airlines Co.'s biggest product segment, generating $25.54 Billion in revenue for fiscal year 2025.

What is Southwest Airlines Co.'s net income per employee?

In the fiscal year 2025, Southwest Airlines Co.'s net income per employee was $6.06 K.

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