Southwest Airlines (LUV) EBT Margin (2009 - 2026)
Southwest Airlines posted quarterly EBT Margin of 3.93% for Q1 2026, up 692.0% year-on-year from 0.5% in Q1 2025, and down 28.29% on a QoQ basis from 5.48% in Q4 2025.
Southwest Airlines (LUV) has 18 years of EBT Margin data on file, last reported at 3.93% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin rose 692.0% year-over-year to 3.93%; the trailing twelve-month figure through Mar 2026 stood at 3.6% (up 105.0% YoY), and the FY2025 full-year result was 2.01%, down 17.0% from the prior year.
- EBT Margin for Q1 2026 stood at 3.93%, down from 5.48% in the prior quarter.
- Across five years, EBT Margin topped out at 15.4% in Q2 2022 and bottomed at 8.01% in Q1 2022.
- The 5-year median for EBT Margin is 3.63% (2023), against an average of 2.12%.
- The widest annual swing landed in 2022, when EBT Margin tumbled 1513 bps; it then jumped 894 bps in 2024.
- A 5-year view of EBT Margin shows it stood at 4.62% in 2022, then gained by 9 bps to 4.19% in 2023, then surged by 213 bps to 4.75% in 2024, then rose by 15 bps to 5.48% in 2025, then decreased by 28 bps to 3.93% in 2026.
- The last three EBT Margin figures came in at 3.93% (Q1 2026), 5.48% (Q4 2025), and 0.98% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | -1.35% |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 3.93% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 17.11% |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -11.56% |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -9.61% |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 10.64% |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 19.94% |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -15.00% |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 9.83% |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -28.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.93% |
| Dec 31, 2025 | 5.48% |
| Sep 30, 2025 | 0.98% |
| Jun 30, 2025 | 3.87% |
| Mar 31, 2025 | -2.99% |
| Dec 31, 2024 | 4.75% |
| Sep 30, 2024 | 1.30% |
| Jun 30, 2024 | 6.50% |
| Mar 31, 2024 | -4.71% |
| Dec 31, 2023 | -4.19% |
| Sep 30, 2023 | 3.63% |
| Jun 30, 2023 | 12.59% |
| Mar 31, 2023 | -3.59% |
| Dec 31, 2022 | -4.62% |
| Sep 30, 2022 | 5.68% |
| Jun 30, 2022 | 15.40% |
| Mar 31, 2022 | -8.01% |
| Dec 31, 2021 | 1.52% |
| Sep 30, 2021 | 12.82% |
| Jun 30, 2021 | 12.52% |
| Mar 31, 2021 | 7.12% |
| Dec 31, 2020 | -66.12% |
| Sep 30, 2020 | -86.00% |
| Jun 30, 2020 | -122.92% |
| Mar 31, 2020 | -3.40% |
| Dec 31, 2019 | 11.63% |
| Sep 30, 2019 | 14.52% |
| Jun 30, 2019 | 16.38% |
| Mar 31, 2019 | 9.79% |
| Dec 31, 2018 | 14.32% |
| Sep 30, 2018 | 14.10% |
| Jun 30, 2018 | 16.72% |
| Mar 31, 2018 | 12.18% |
| Dec 31, 2017 | 14.00% |
| Sep 30, 2017 | 15.69% |
| Jun 30, 2017 | 20.33% |
| Mar 31, 2017 | 10.96% |
| Dec 31, 2016 | 15.94% |
| Sep 30, 2016 | 12.03% |
| Jun 30, 2016 | 24.22% |
| Mar 31, 2016 | 16.91% |
| Dec 31, 2015 | 17.02% |
| Sep 30, 2015 | 17.54% |
| Jun 30, 2015 | 19.12% |
| Mar 31, 2015 | 16.38% |
| Dec 31, 2014 | 6.53% |
| Sep 30, 2014 | 10.94% |
| Jun 30, 2014 | 14.89% |
| Mar 31, 2014 | 5.86% |
| Dec 31, 2013 | 7.54% |
| Sep 30, 2013 | 9.22% |
| Jun 30, 2013 | 7.82% |
| Mar 31, 2013 | 2.30% |
| Dec 31, 2012 | 3.00% |
| Sep 30, 2012 | 0.77% |
| Jun 30, 2012 | 7.97% |
| Mar 31, 2012 | 3.98% |
| Dec 31, 2011 | 6.21% |
| Sep 30, 2011 | -5.24% |
| Jun 30, 2011 | 6.65% |
| Mar 31, 2011 | 0.58% |
| Dec 31, 2010 | 6.84% |
| Sep 30, 2010 | 10.40% |
| Jun 30, 2010 | 5.81% |
| Mar 31, 2010 | 0.65% |
| Dec 31, 2009 | 6.82% |
| Sep 30, 2009 | -0.75% |
| Jun 30, 2009 | 4.09% |
| Mar 31, 2009 | -4.54% |