Southwest Airlines (LUV) Common Equity (2009 - 2026)

Southwest Airlines has reported Common Equity for 18 years, with the latest figure at $6.9 billion in Q1 2026.

• For the quarter ending Q1 2026, Common Equity fell 26.59% year-over-year to $6.9 billion; the trailing twelve-month figure through Mar 2026 stood at $6.9 billion (down 26.59% YoY), and the FY2025 full-year result was $8.0 billion, down 22.89% from the prior year.
• Common Equity for Q1 2026 stood at $6.9 billion, down from $8.0 billion in the prior quarter.
• The five-year high for Common Equity was $11.1 billion in Q2 2022, with the low at $6.9 billion in Q1 2026.
• Historically, Common Equity has averaged $9.8 billion across 5 years, with a median of $10.4 billion in 2024.
• Annual changes were most pronounced in 2022 — Common Equity gained 14.78% — and 2026, when it decreased 26.59%.
• Southwest Airlines' Common Equity stood at $10.7 billion in 2022, then retreated by 1.61% to $10.5 billion in 2023, then declined by 1.57% to $10.4 billion in 2024, then declined by 22.89% to $8.0 billion in 2025, then fell by 13.86% to $6.9 billion in 2026.
• The last three Common Equity figures came in at $6.9 billion (Q1 2026), $8.0 billion (Q4 2025), and $7.8 billion (Q3 2025), per Business Quant data.