Growth Metrics

Southwest Airlines (LUV) EBT Margin (2016 - 2026)

Southwest Airlines has reported EBT Margin over the past 18 years, most recently at 3.93% for Q1 2026.

  • Quarterly EBT Margin rose 692.0% to 3.93% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 3.6% through Mar 2026, up 105.0% year-over-year, with the annual reading at 2.01% for FY2025, 17.0% down from the prior year.
  • EBT Margin was 3.93% for Q1 2026 at Southwest Airlines, down from 5.48% in the prior quarter.
  • Over five years, EBT Margin peaked at 15.4% in Q2 2022 and troughed at 8.01% in Q1 2022.
  • The 5-year median for EBT Margin is 3.75% (2023), against an average of 2.54%.
  • Biggest five-year swings in EBT Margin: crashed -1513bps in 2022 and later surged 894bps in 2024.
  • Tracing LUV's EBT Margin over 5 years: stood at 4.62% in 2022, then grew by 9bps to 4.19% in 2023, then surged by 213bps to 4.75% in 2024, then rose by 15bps to 5.48% in 2025, then decreased by -28bps to 3.93% in 2026.
  • According to Business Quant data, EBT Margin over the past three periods came in at 3.93%, 5.48%, and 0.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.