Southwest Airlines · Multi-Quarter Financial Trends

16 quarters · As reported by the company · Amounts in USD billions← LUV

Quarter	Period End	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Net Margin	Free Cash Flow ($B)	EPS	Buybacks ($B)	Dividends ($B)
FY2026 Q2	2026-06-30	8.43	+16.4%	—	0.29	0.23	2.8%	0.53	0.47	0.00	0.09
FY2026 Q1	2026-03-31	7.25	+12.8%	—	0.33	0.23	3.1%	1.42	0.45	1.25	0.09
FY2025 Q4	2025-12-31	7.44	+7.4%	—	0.39	0.32	4.3%	0.30	0.56	0.05	0.00
FY2025 Q3	2025-09-30	6.95	+1.1%	—	0.04	0.05	0.8%	0.29	0.10	0.25	0.19
FY2025 Q2	2025-06-30	7.24	−1.5%	—	0.23	0.21	2.9%	0.40	0.39	1.50	0.10
FY2025 Q1	2025-03-31	6.43	+1.6%	—	-0.22	-0.15	-2.3%	0.86	-0.26	0.75	0.11
FY2024 Q4	2024-12-31	6.93	+1.6%	—	0.28	0.26	3.8%	0.48	0.46	0.25	-0.00
FY2024 Q3	2024-09-30	6.87	+5.3%	—	0.04	0.07	1.0%	0.11	0.11	0.00	0.22
FY2024 Q2	2024-06-30	7.35	+4.5%	—	0.40	0.37	5.0%	-0.02	0.58	0.00	0.00
FY2024 Q1	2024-03-31	6.33	+10.9%	—	-0.39	-0.23	-3.6%	-0.10	-0.39	0.00	0.22
FY2023 Q4	2023-12-31	6.82	+10.5%	—	-0.40	-0.25	-3.7%	0.43	-0.36	—	0.00
FY2023 Q3	2023-09-30	6.53	+4.9%	—	0.12	0.19	3.0%	0.62	0.31	—	0.21
FY2023 Q2	2023-06-30	7.04	—	—	0.80	0.68	9.7%	1.42	1.08	—	0.00
FY2023 Q1	2023-03-31	5.71	—	—	-0.28	-0.16	-2.8%	0.71	-0.27	—	0.21
FY2022 Q4	2022-12-31	6.17	—	—	-0.39	-0.22	-3.6%	0.58	-0.30	—	0.00
FY2022 Q3	2022-09-30	6.22	—	—	0.40	0.28	4.5%	0.23	0.44	—	0.00

Quarterly figures come from the company's 10-Q and 10-K filings. The fourth quarter is derived as the full year minus the first three quarters; cash flow items are converted from fiscal year-to-date totals into single quarters.