Southwest Airlines LUV
NYSE LUV
$39.60 +0.88 (+2.27%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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