Southwest Airlines (LUV) EBT (2009 - 2026)

Southwest Airlines has reported EBT for 18 years, with the latest figure at $285.0 million in Q1 2026.

• For the quarter ending Q1 2026, EBT rose 248.44% year-over-year to $285.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.0 billion (up 47.87% YoY), and the FY2025 full-year result was $563.0 million, down 5.85% from the prior year.
• EBT for Q1 2026 stood at $285.0 million, down from $408.0 million in the prior quarter.
• The five-year high for EBT was $1.0 billion in Q2 2022, with the low at -$376.0 million in Q1 2022.
• Historically, EBT has averaged $165.1 million across 5 years, with a median of $237.0 million in 2023.
• Annual changes were most pronounced in 2022 — EBT plunged 470.13% — and 2026, when it soared 248.44%.
• Southwest Airlines' EBT stood at -$285.0 million in 2022, then slipped by 0.35% to -$286.0 million in 2023, then surged by 215.03% to $329.0 million in 2024, then grew by 24.01% to $408.0 million in 2025, then plunged by 30.15% to $285.0 million in 2026.
• The last three EBT figures came in at $285.0 million (Q1 2026), $408.0 million (Q4 2025), and $68.0 million (Q3 2025), per Business Quant data.