Southwest Airlines (LUV) Shares Outstanding (2009 - 2026)

Southwest Airlines (LUV) has reported Shares Outstanding (Entity) for 18 consecutive years, with $489.2 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Shares Outstanding (Entity) fell 6.85% year-over-year to $489.2 million; the trailing twelve-month figure through Jun 2026 stood at $489.2 million (down 6.85% YoY), and the FY2025 full-year result was $491.3 million, down 17.1% from the prior year.
• Shares Outstanding (Entity) steadied at $489.2 million in Q2 2026 per LUV's latest filing, from $488.8 million in the prior quarter.
• Across five years, Shares Outstanding (Entity) topped out at $599.7 million in Q3 2024 and bottomed at $488.8 million in Q1 2026.
• Historically, Shares Outstanding (Entity) has averaged $568.3 million across 5 years, with a median of $593.6 million in 2022.
• The sharpest annual moves came in 2024 and 2025: Shares Outstanding (Entity) advanced 0.61% in 2024, then slipped 17.1% in 2025.
• Over 5 years, Shares Outstanding (Entity) stood at $594.3 million in 2022, then grew by 0.4% to $596.7 million in 2023, then declined by 0.67% to $592.7 million in 2024, then retreated by 17.1% to $491.3 million in 2025, then declined by 0.43% to $489.2 million in 2026.
• According to Business Quant data, Shares Outstanding (Entity) over the past three periods registered $489.2 million, $488.8 million, and $491.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.