Southwest Airlines (LUV) Market Capitalization (2009 - 2026)
Southwest Airlines' (LUV) quarterly Market Capitalization came in at $25.2 billion in Q2 2026, up 47.65% on a YoY basis from $17.0 billion in Q2 2025, and up 36.99% quarter-over-quarter from $18.4 billion in Q1 2026.
Analysis
Southwest Airlines (LUV) Market Capitalization (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Market Capitalization for 18 consecutive years, with $25.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Market Capitalization rose 47.65% year-over-year to $25.2 billion; the trailing twelve-month figure through Jun 2026 stood at $25.2 billion (up 47.65% YoY), and the FY2025 full-year result was $20.3 billion, up 1.91% from the prior year.
- Market Capitalization advanced to $25.2 billion in Q2 2026 per LUV's latest filing, from $18.4 billion in the prior quarter.
- Across five years, Market Capitalization topped out at $27.2 billion in Q1 2022 and bottomed at $16.1 billion in Q3 2023.
- Historically, Market Capitalization has averaged $19.4 billion across 5 years, with a median of $18.7 billion in 2025.
- The sharpest annual moves came in 2022 and 2026: Market Capitalization slumped 39.85% in 2022, then soared 47.65% in 2026.
- Over 5 years, Market Capitalization stood at $20.0 billion in 2022, then declined by 13.88% to $17.2 billion in 2023, then increased by 15.63% to $19.9 billion in 2024, then rose by 1.91% to $20.3 billion in 2025, then climbed by 23.88% to $25.2 billion in 2026.
- According to Business Quant data, Market Capitalization over the past three periods registered $25.2 billion, $18.4 billion, and $20.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Delta Air Lines | 52.71 Bn | 48.04 Bn | 19.07 Bn |
| 2 | Ryanair Holdings | 28.90 Bn | 24.96 Bn | - |
| 3 | Southwest Airlines | 19.37 Bn | 15.58 Bn | 7.33 Bn |
| 4 | Copa Holdings | 5.44 Bn | 4.18 Bn | 1.03 Bn |
| 5 | Alaska Air | 4.69 Bn | 2.03 Bn | 3.76 Bn |
| 6 | Skywest | 3.85 Bn | 3.25 Bn | 1.01 Bn |
| 7 | Grupo Aeromexico, S.A.B. de C.V | 2.30 Bn | 1.27 Bn | - |
| 8 | Allegiant Travel | 2.14 Bn | 1.08 Bn | 902.77 Mn |
| 9 | Jetblue Airways | 1.75 Bn | -274.49 Mn | 2.32 Bn |
| 10 | Frontier Group Holdings | 1.37 Bn | 416.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.16 Bn |
| Mar 31, 2026 | 18.36 Bn |
| Dec 31, 2025 | 20.31 Bn |
| Sep 30, 2025 | 16.50 Bn |
| Jun 30, 2025 | 17.04 Bn |
| Mar 31, 2025 | 19.14 Bn |
| Dec 31, 2024 | 19.93 Bn |
| Sep 30, 2024 | 17.77 Bn |
| Jun 30, 2024 | 17.14 Bn |
| Mar 31, 2024 | 17.47 Bn |
| Dec 31, 2023 | 17.23 Bn |
| Sep 30, 2023 | 16.14 Bn |
| Jun 30, 2023 | 21.57 Bn |
| Mar 31, 2023 | 19.36 Bn |
| Dec 31, 2022 | 20.01 Bn |
| Sep 30, 2022 | 18.31 Bn |
| Jun 30, 2022 | 21.43 Bn |
| Mar 31, 2022 | 27.16 Bn |
| Dec 31, 2021 | 25.38 Bn |
| Sep 30, 2021 | 30.44 Bn |