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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Southwest Airlines (LUV) Net Margin (2016 - 2026)

Southwest Airlines has reported Net Margin over the past 18 years, most recently at 3.13% for Q1 2026.

  • Quarterly Net Margin rose 545.0% to 3.13% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 2.83% through Mar 2026, up 85.0% year-over-year, with the annual reading at 1.57% for FY2025, 12.0% down from the prior year.
  • Net Margin was 3.13% for Q1 2026 at Southwest Airlines, down from 4.34% in the prior quarter.
  • Over five years, Net Margin peaked at 11.3% in Q2 2022 and troughed at 5.92% in Q1 2022.
  • The 5-year median for Net Margin is 2.95% (2023), against an average of 1.94%.
  • Biggest five-year swings in Net Margin: crashed -1158bps in 2022 and later surged 746bps in 2024.
  • Tracing LUV's Net Margin over 5 years: stood at 3.56% in 2022, then fell by -4bps to 3.69% in 2023, then skyrocketed by 202bps to 3.77% in 2024, then rose by 15bps to 4.34% in 2025, then fell by -28bps to 3.13% in 2026.
  • According to Business Quant data, Net Margin over the past three periods came in at 3.13%, 4.34%, and 0.78% for Q1 2026, Q4 2025, and Q3 2025 respectively.