Southwest Airlines (LUV) Shares Issued (2009 - 2026)
Southwest Airlines posted quarterly Shares Issued of $16.0 million for Q1 2026, down 5.88% year-on-year from $17.0 million in Q1 2025, and up 23.08% on a QoQ basis from $13.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of Shares Issued data on file, last reported at $16.0 million in Q1 2026.
- For the quarter ending Q1 2026, Shares Issued fell 5.88% year-over-year to $16.0 million; the trailing twelve-month figure through Mar 2026 stood at $58.0 million (down 4.92% YoY), and the FY2025 full-year result was $59.0 million, down 1.67% from the prior year.
- Shares Issued for Q1 2026 stood at $16.0 million, up from $13.0 million in the prior quarter.
- Across five years, Shares Issued topped out at $17.0 million in Q1 2025 and bottomed at $6.0 million in Q1 2022.
- The 5-year median for Shares Issued is $14.0 million (2023), against an average of $13.3 million.
- The widest annual swing landed in 2022, when Shares Issued plunged 53.85%; it then surged 66.67% in 2024.
- A 5-year view of Shares Issued shows it stood at $13.0 million in 2022, then dropped by 7.69% to $12.0 million in 2023, then gained by 16.67% to $14.0 million in 2024, then decreased by 7.14% to $13.0 million in 2025, then climbed by 23.08% to $16.0 million in 2026.
- The last three Shares Issued figures came in at $16.0 million (Q1 2026), $13.0 million (Q4 2025), and $14.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Issued (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | - |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 16.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 248.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | - |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 1.31 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | - |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | - |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | - |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.00 Mn |
| Mar 31, 2026 | 16.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Dec 31, 2025 | 13.00 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Jun 30, 2025 | 15.00 Mn |
| Jun 30, 2025 | 15.00 Mn |
| Mar 31, 2025 | 17.00 Mn |
| Mar 31, 2025 | 17.00 Mn |
| Dec 31, 2024 | 14.00 Mn |
| Dec 31, 2024 | 14.00 Mn |
| Sep 30, 2024 | 15.00 Mn |
| Sep 30, 2024 | 15.00 Mn |
| Jun 30, 2024 | 15.00 Mn |
| Jun 30, 2024 | 15.00 Mn |
| Mar 31, 2024 | 15.00 Mn |
| Mar 31, 2024 | 15.00 Mn |
| Dec 31, 2023 | 12.00 Mn |
| Dec 31, 2023 | 12.00 Mn |
| Sep 30, 2023 | 13.00 Mn |
| Sep 30, 2023 | 13.00 Mn |
| Jun 30, 2023 | 14.00 Mn |
| Jun 30, 2023 | 14.00 Mn |
| Mar 31, 2023 | 9.00 Mn |
| Mar 31, 2023 | 9.00 Mn |
| Dec 31, 2022 | 13.00 Mn |
| Dec 31, 2022 | 13.00 Mn |
| Sep 30, 2022 | 12.00 Mn |
| Sep 30, 2022 | 12.00 Mn |
| Jun 30, 2022 | 13.00 Mn |
| Jun 30, 2022 | 13.00 Mn |
| Mar 31, 2022 | 6.00 Mn |
| Mar 31, 2022 | 6.00 Mn |
| Dec 31, 2021 | 12.00 Mn |
| Dec 31, 2021 | 12.00 Mn |
| Sep 30, 2021 | 13.00 Mn |
| Sep 30, 2021 | 13.00 Mn |
| Jun 30, 2021 | 13.00 Mn |
| Jun 30, 2021 | 13.00 Mn |
| Mar 31, 2021 | 13.00 Mn |
| Mar 31, 2021 | 13.00 Mn |
| Dec 31, 2020 | -2.25 Bn |
| Dec 31, 2020 | -2.25 Bn |
| Jun 30, 2020 | 2.29 Bn |
| Jun 30, 2020 | 2.29 Bn |
| Mar 31, 2020 | 11.00 Mn |
| Mar 31, 2020 | 11.00 Mn |
| Dec 31, 2019 | 40.00 Mn |
| Dec 31, 2019 | 40.00 Mn |
| Sep 30, 2019 | 9.00 Mn |
| Sep 30, 2019 | 9.00 Mn |
| Jun 30, 2019 | 10.00 Mn |
| Jun 30, 2019 | 10.00 Mn |
| Mar 31, 2019 | 10.00 Mn |
| Mar 31, 2019 | 10.00 Mn |
| Dec 31, 2018 | 9.00 Mn |
| Dec 31, 2018 | 9.00 Mn |
| Sep 30, 2018 | 9.00 Mn |
| Sep 30, 2018 | 9.00 Mn |
| Jun 30, 2018 | 9.00 Mn |
| Jun 30, 2018 | 9.00 Mn |
| Mar 31, 2018 | 9.00 Mn |
| Mar 31, 2018 | 9.00 Mn |
| Dec 31, 2017 | 7.00 Mn |
| Dec 31, 2017 | 7.00 Mn |
| Sep 30, 2017 | 7.00 Mn |
| Sep 30, 2017 | 7.00 Mn |
| Jun 30, 2017 | 7.00 Mn |
| Jun 30, 2017 | 7.00 Mn |
| Mar 31, 2017 | 7.00 Mn |
| Mar 31, 2017 | 7.00 Mn |
| Dec 31, 2016 | 6.00 Mn |
| Dec 31, 2016 | 6.00 Mn |
| Sep 30, 2016 | 6.00 Mn |
| Sep 30, 2016 | 6.00 Mn |
| Jun 30, 2016 | 6.00 Mn |
| Jun 30, 2016 | 6.00 Mn |
| Mar 31, 2016 | 11.00 Mn |
| Mar 31, 2016 | 11.00 Mn |
| Dec 31, 2015 | 16.00 Mn |
| Dec 31, 2015 | 16.00 Mn |
| Sep 30, 2015 | 9.00 Mn |
| Sep 30, 2015 | 9.00 Mn |
| Jun 30, 2015 | 8.00 Mn |
| Jun 30, 2015 | 8.00 Mn |
| Mar 31, 2015 | 13.00 Mn |
| Mar 31, 2015 | 13.00 Mn |
| Dec 31, 2014 | 14.00 Mn |
| Dec 31, 2014 | 14.00 Mn |
| Sep 30, 2014 | 23.00 Mn |
| Sep 30, 2014 | 23.00 Mn |
| Jun 30, 2014 | 25.00 Mn |
| Jun 30, 2014 | 25.00 Mn |
| Mar 31, 2014 | 49.00 Mn |
| Mar 31, 2014 | 49.00 Mn |
| Dec 31, 2013 | 65.00 Mn |
| Dec 31, 2013 | 65.00 Mn |
| Sep 30, 2013 | 12.00 Mn |
| Sep 30, 2013 | 12.00 Mn |
| Jun 30, 2013 | 13.00 Mn |
| Jun 30, 2013 | 13.00 Mn |
| Mar 31, 2013 | 6.00 Mn |
| Mar 31, 2013 | 6.00 Mn |
| Dec 31, 2012 | 5.00 Mn |
| Dec 31, 2012 | 5.00 Mn |
| Sep 30, 2012 | 5.00 Mn |
| Sep 30, 2012 | 5.00 Mn |
| Jun 30, 2012 | 12.00 Mn |
| Jun 30, 2012 | 12.00 Mn |
| Mar 31, 2012 | 5.00 Mn |
| Mar 31, 2012 | 5.00 Mn |
| Dec 31, 2011 | -15.00 Mn |
| Dec 31, 2011 | -15.00 Mn |
| Sep 30, 2011 | 4.00 Mn |
| Sep 30, 2011 | 4.00 Mn |
| Jun 30, 2011 | 27.00 Mn |
| Jun 30, 2011 | 27.00 Mn |
| Mar 31, 2011 | 4.00 Mn |
| Mar 31, 2011 | 4.00 Mn |
| Dec 31, 2010 | 10.00 Mn |
| Dec 31, 2010 | 10.00 Mn |
| Sep 30, 2010 | 10.00 Mn |
| Sep 30, 2010 | 10.00 Mn |
| Jun 30, 2010 | 23.00 |
| Jun 30, 2010 | 23.00 |
| Mar 31, 2010 | 12.00 Mn |
| Mar 31, 2010 | 12.00 Mn |
| Dec 31, 2009 | 9.00 Mn |
| Dec 31, 2009 | 9.00 Mn |
| Sep 30, 2009 | 4.00 Mn |
| Sep 30, 2009 | 4.00 Mn |
| Jun 30, 2009 | 4.00 Mn |
| Jun 30, 2009 | 4.00 Mn |
| Mar 31, 2009 | 4.00 Mn |
| Mar 31, 2009 | 4.00 Mn |