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| Period | Revenue | YoY | Gross margin | Operating income | Net income | YoY | EPS | Op. cash flow | Capex | Free cash flow | Filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q2 2026 · Jun 30 | $8.4B | +16.4% | — | $285M | $233M | +9.4% | 0.47 | $530M | $818M | −$288M | Jul 23 |
| Q1 2026 · Mar 31 | $7.2B | +12.8% | — | $330M | $227M | — | 0.45 | $1.4B | $630M | $788M | Jul 23 |
| Q4 2025 · Dec 31derived | $7.4B | +7.4% | — | $391M | $323M | +23.8% | 0.58 | $295M | $859M | −$564M | Feb 5 |
| Q3 2025 · Sep 30 | $6.9B | +1.1% | — | $35M | $54M | −19.4% | 0.10 | $287M | $678M | −$391M | Oct 23 |
| Q2 2025 · Jun 30 | $7.2B | −1.5% | — | $225M | $213M | −42.0% | 0.39 | $401M | $660M | −$259M | Jul 23 |
| Q1 2025 · Mar 31 | $6.4B | +1.6% | — | −$223M | −$149M | — | -0.26 | $860M | $527M | $333M | Jul 23 |
| Q4 2024 · Dec 31 | $6.9B | +1.6% | — | $278M | $261M | — | 0.42 | $476M | $460M | $16M | Feb 5 |
| Q3 2024 · Sep 30 | $6.9B | +5.3% | — | $38M | $67M | −65.3% | 0.11 | $113M | $517M | −$404M | Oct 23 |
| Q2 2024 · Jun 30 | $7.4B | — | — | $398M | $367M | — | 0.58 | −$23M | $494M | −$517M | Oct 23 |
| Q1 2024 · Mar 31 | $6.3B | — | — | −$393M | −$231M | — | -0.39 | −$104M | $583M | −$687M | Oct 23 |
| Q4 2023 · Dec 31derived | $6.8B | — | — | −$404M | −$252M | — | -0.39 | $425M | $708M | −$283M | Feb 5 |
| Q3 2023 · Sep 30 | $6.5B | — | — | $117M | $193M | — | 0.31 | $616M | $842M | −$226M | Oct 28 |
| Year | Revenue | Gross margin | Operating income | Net income | Net margin | EPS | Op. cash flow | Capex | Free cash flow | Buybacks | Dividends paid |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 · to Dec 31 | $28.1B | — | $428M | $441M | 1.6% | 0.79 | $1.8B | $2.7B | −$831M | $2.5B | $399M |
| FY2024 · to Dec 31 | $27.5B | — | $321M | $465M | 1.7% | 0.76 | $462M | $2.1B | −$1.6B | $250M | $430M |
| FY2023 · to Dec 31 | $26.1B | — | $224M | $465M | 1.8% | 0.76 | $3.2B | $3.5B | −$356M | $0 | $428M |
| FY2022 · to Dec 31 | $23.8B | — | $1B | $539M | 2.3% | 0.87 | $3.8B | $3.9B | −$134M | $0 | $0 |
| FY2021 · to Dec 31 | $15.8B | — | $1.7B | $977M | 6.2% | 1.61 | $2.3B | $505M | $1.8B | $0 | $0 |
| FY2020 · to Dec 31 | $9B | — | −$3.8B | −$3.1B | -34.0% | -5.44 | −$1.1B | $515M | −$1.6B | $451M | $188M |
Every number comes from SOUTHWEST AIRLINES CO's own XBRL-tagged filings with the SEC, not a data vendor. Quarters marked derived are the fiscal year minus the three reported quarters, the same way every data provider computes Q4. Restated figures replace originals as later filings arrive.