Southwest Airlines (LUV) Enterprise Value (2009 - 2026)

Southwest Airlines has reported Enterprise Value for 18 years, with the latest figure at -$3.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Enterprise Value rose 59.67% year-over-year to -$3.3 billion; the trailing twelve-month figure through Mar 2026 stood at -$3.3 billion (up 59.67% YoY), and the FY2025 full-year result was -$3.2 billion, up 62.97% from the prior year.
• Enterprise Value for Q1 2026 stood at -$3.3 billion, down from -$3.2 billion in the prior quarter.
• The five-year high for Enterprise Value was -$3.0 billion in Q3 2025, with the low at -$16.4 billion in Q2 2022.
• Historically, Enterprise Value has averaged -$9.7 billion across 5 years, with a median of -$10.5 billion in 2024.
• Annual changes were most pronounced in 2022 — Enterprise Value retreated 9.7% — and 2025, when it soared 67.83%.
• Southwest Airlines' Enterprise Value stood at -$12.3 billion in 2022, then grew by 6.65% to -$11.5 billion in 2023, then gained by 23.96% to -$8.7 billion in 2024, then jumped by 62.97% to -$3.2 billion in 2025, then dropped by 3.0% to -$3.3 billion in 2026.
• The last three Enterprise Value figures came in at -$3.3 billion (Q1 2026), -$3.2 billion (Q4 2025), and -$3.0 billion (Q3 2025), per Business Quant data.