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

Southwest Airlines (LUV) Price to Earnings (2009 - 2026)

Southwest Airlines' (LUV) quarterly Price to Earnings came in at 107.96 in Q2 2026, up 34.98% on a YoY basis from 79.99 in Q2 2025, and up 33.46% quarter-over-quarter from 80.9 in Q1 2026.

Analysis

Southwest Airlines (LUV) Price to Earnings (2009 - 2026) Analysis & Trends

Southwest Airlines (LUV) has reported Price to Earnings for 18 consecutive years, with 107.96 the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Price to Earnings rose 34.98% year-over-year to 107.96; the trailing twelve-month figure through Jun 2026 stood at 30.05 (down 30.85% YoY), and the FY2025 full-year result was 46.05, up 7.46% from the prior year.
  • Price to Earnings climbed to 107.96 in Q2 2026 per LUV's latest filing, from 80.9 in the prior quarter.
  • Across five years, Price to Earnings topped out at 305.6 in Q3 2025 and bottomed at 128.43 in Q1 2025.
  • Historically, Price to Earnings has averaged 36.23 across 5 years, with a median of 54.79 in 2024.
  • The sharpest annual moves came in 2022 and 2024: Price to Earnings slumped 131.38% in 2022, then surged 217.22% in 2024.
  • Over 5 years, Price to Earnings stood at 90.95 in 2022, then grew by 24.82% to 68.38 in 2023, then jumped by 211.64% to 76.34 in 2024, then declined by 17.65% to 62.87 in 2025, then surged by 71.73% to 107.96 in 2026.
  • According to Business Quant data, Price to Earnings over the past three periods registered 107.96, 80.9, and 62.87 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 107.96
Mar 31, 2026 80.90
Dec 31, 2025 62.87
Sep 30, 2025 305.60
Jun 30, 2025 79.99
Mar 31, 2025 -128.43
Dec 31, 2024 76.34
Sep 30, 2024 265.23
Jun 30, 2024 46.71
Mar 31, 2024 -75.62
Dec 31, 2023 -68.38
Sep 30, 2023 83.61
Jun 30, 2023 31.58
Mar 31, 2023 -121.78
Dec 31, 2022 -90.95
Sep 30, 2022 66.11
Jun 30, 2022 28.20
Mar 31, 2022 -97.69
Dec 31, 2021 373.18
Sep 30, 2021 68.26