Southwest Airlines (LUV) Revenue (2009 - 2026)
Southwest Airlines' Revenue came in at $8.42 billion for Q3 2026, up 21.2% from $6.95 billion a year earlier but down 0.1% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Southwest Airlines reported Revenue of $31.55 billion, up 14.5% year-over-year; for FY2025, it was $28.06 billion, up 2.1% from FY2024.
- Revenue has increased in each of the last five years, with a five-year compound annual growth rate of 25.4% (FY2020 to FY2025).
- Going back by year, Revenue was $27.48 billion in FY2024 (+5.3%), $26.09 billion in FY2023 (+9.6%), $23.81 billion in FY2022 (+50.8%) and $15.79 billion in FY2021 (+74.5%).
- The five-year range for quarterly Revenue is $4.69 billion (Q1 2022) to $8.43 billion (Q2 2026).
- Year-over-year, Revenue has increased for five consecutive quarters, with growth averaging 7.6% over the last eight quarters.
- The fastest year-over-year change in Revenue over five years came in Q4 2021 (growth of 150.9%), and the weakest in Q2 2025 (a decline of 1.5%).
- Business Quant data shows LUV's Revenue at $8.43 billion (Q2 2026), $7.25 billion (Q1 2026) and $7.44 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 7.20 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 22.85 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 4.02 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 3.01 Bn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 25.01 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 3.53 Bn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 20.19 Bn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 17.88 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 1.59 Bn |
| 10 | Southwest Airlines | 21.75 Bn | 7.77 Bn | - | 8.42 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.42 Bn |
| Jun 30, 2026 | 8.43 Bn |
| Mar 31, 2026 | 7.25 Bn |
| Dec 31, 2025 | 7.44 Bn |
| Sep 30, 2025 | 6.95 Bn |
| Jun 30, 2025 | 7.24 Bn |
| Mar 31, 2025 | 6.43 Bn |
| Dec 31, 2024 | 6.93 Bn |
| Sep 30, 2024 | 6.87 Bn |
| Jun 30, 2024 | 7.35 Bn |
| Mar 31, 2024 | 6.33 Bn |
| Dec 31, 2023 | 6.82 Bn |
| Sep 30, 2023 | 6.53 Bn |
| Jun 30, 2023 | 7.04 Bn |
| Mar 31, 2023 | 5.71 Bn |
| Dec 31, 2022 | 6.17 Bn |
| Sep 30, 2022 | 6.22 Bn |
| Jun 30, 2022 | 6.73 Bn |
| Mar 31, 2022 | 4.69 Bn |
| Dec 31, 2021 | 5.05 Bn |
API Access
Southwest Airlines Revenue 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=revenue&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();