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

Southwest Airlines (LUV) has 18 years of Shares Outstanding (Entity) data on file, last reported at $489.2 million in Q2 2026.

• Quarterly Shares Outstanding (Entity) fell 6.85% year-over-year to $489.2 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $489.2 million (down 6.85% YoY) and the FY2025 annual result came in at $540.0 million, down 9.7% from the prior year.
• Shares Outstanding (Entity) steadied at $489.2 million in Q2 2026, from $488.8 million in the prior quarter.
• In the past five years, Shares Outstanding (Entity) ranged from a high of $599.7 million in Q3 2024 to a low of $488.8 million in Q1 2026.
• A 5-year average of $571.1 million and a median of $593.6 million in 2022 frame the typical range for Shares Outstanding (Entity).
• Annual changes were most pronounced in 2024 — Shares Outstanding (Entity) gained 0.61% — and 2026, when it retreated 14.23%.
• Tracing LUV's Shares Outstanding (Entity) over 5 years: stood at $593.0 million in 2022, then rose by 0.34% to $595.0 million in 2023, then rose by 0.5% to $598.0 million in 2024, then retreated by 9.7% to $540.0 million in 2025, then slipped by 9.41% to $489.2 million in 2026.
• The last three Shares Outstanding (Entity) figures came in at $489.2 million (Q2 2026), $488.8 million (Q1 2026), and $540.0 million (Q4 2025), per Business Quant data.