Southwest Airlines (LUV) Net Income (2009 - 2026)
Southwest Airlines' Net Income came in at $233 million for Q2 2026, up 9.4% from $213 million a year earlier and up 2.6% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Net Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Southwest Airlines reported Net Income of $837 million, up 113.5% year-over-year; for FY2025, it came in at $441 million, down 5.2% from FY2024.
- Going back by year, Net Income was $465 million in FY2024 (unchanged), $465 million in FY2023 (-13.7%), $539 million in FY2022 (-44.8%) and $977 million in FY2021.
- The five-year range for quarterly Net Income is -$278 million (Q1 2022) to $760 million (Q2 2022).
- Year-over-year, Net Income increased in two of the last five quarters, with an average decline of 18.7%.
- The fastest year-over-year change in Net Income over five years came in Q2 2022 (growth of 118.4%), and the weakest in Q3 2024 (a decline of 65.3%).
- Business Quant data shows LUV's Net Income at $227 million (Q1 2026), $323 million (Q4 2025) and $54 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 1.99 Bn |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 1.00 Bn |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 604.00 Mn |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 740.28 Mn |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 734.00 Mn |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 1.60 Bn |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 756.00 Mn |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 350.60 Mn |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 805.00 Mn |
| 10 | Southwest Airlines | 19.41 Bn | 6.04 Bn | - | 233.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 233.00 Mn |
| Mar 31, 2026 | 227.00 Mn |
| Dec 31, 2025 | 323.00 Mn |
| Sep 30, 2025 | 54.00 Mn |
| Jun 30, 2025 | 213.00 Mn |
| Mar 31, 2025 | -149.00 Mn |
| Dec 31, 2024 | 261.00 Mn |
| Sep 30, 2024 | 67.00 Mn |
| Jun 30, 2024 | 367.00 Mn |
| Mar 31, 2024 | -231.00 Mn |
| Dec 31, 2023 | -252.00 Mn |
| Sep 30, 2023 | 193.00 Mn |
| Jun 30, 2023 | 683.00 Mn |
| Mar 31, 2023 | -159.00 Mn |
| Dec 31, 2022 | -220.00 Mn |
| Sep 30, 2022 | 277.00 Mn |
| Jun 30, 2022 | 760.00 Mn |
| Mar 31, 2022 | -278.00 Mn |
| Dec 31, 2021 | 68.00 Mn |
| Sep 30, 2021 | 446.00 Mn |
API Access
Southwest Airlines Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-income&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-income&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();