Southwest Airlines (LUV) Shares Outstanding (2009 - 2025)
Southwest Airlines posted quarterly Shares Outstanding of $888.1 million for Q4 2025, little changed year-on-year from $888.1 million in Q4 2024, and little changed on a QoQ basis from $888.1 million in Q4 2024.
Southwest Airlines (LUV) has 17 years of Shares Outstanding data on file, last reported at $888.1 million in Q4 2025.
- For the quarter ending Q4 2025, Shares Outstanding changed 0.0% year-over-year to $888.1 million; the trailing twelve-month figure through Dec 2025 stood at $888.1 million (changed 0.0% YoY), and the FY2025 full-year result was $888.1 million, changed 0.0% from the prior year.
- Shares Outstanding for Q4 2025 stood at $888.1 million, roughly flat from $888.1 million in the prior quarter.
- Across five years, Shares Outstanding topped out at $888.1 million in Q4 2021 and bottomed at $888.1 million in Q4 2021.
- The 5-year median for Shares Outstanding is $888.1 million (2021), against an average of $888.1 million.
- Peak annual rise in Shares Outstanding reached 0.0% in 2021, while the deepest fall reached 0.0% in 2021.
- A 5-year view of Shares Outstanding shows it stood at $888.1 million in 2021, then changed by 0.0% to $888.1 million in 2022, then changed by 0.0% to $888.1 million in 2023, then changed by 0.0% to $888.1 million in 2024, then changed by 0.0% to $888.1 million in 2025.
- The last three Shares Outstanding figures came in at $888.1 million (Q4 2025), $888.1 million (Q4 2024), and $888.1 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 665.72 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | - |
| 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 | - | - |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 111.36 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 85.37 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 41.14 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 372.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 18.45 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 229.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2025 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2024 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2023 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2022 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2021 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2020 | 888.11 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2019 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2018 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2017 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2016 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2015 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2014 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2013 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Dec 31, 2012 | 807.61 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Sep 30, 2012 | 737.98 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Jun 30, 2012 | 743.07 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Mar 31, 2012 | 767.68 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Dec 31, 2011 | 807.61 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Sep 30, 2011 | 778.52 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Jun 30, 2011 | 804.00 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Dec 31, 2010 | 807.61 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Sep 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Jun 30, 2010 | 746.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Mar 31, 2010 | 744.00 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Dec 31, 2009 | 807.61 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Sep 30, 2009 | 742.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Jun 30, 2009 | 741.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |
| Mar 31, 2009 | 740.00 Mn |