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Southwest Airlines (LUV) Shares Outstanding (Diluted Average) (2016 - 2026)

Southwest Airlines has reported Shares Outstanding (Diluted Average) over the past 18 years, most recently at $503.0 million for Q1 2026.

  • Quarterly Shares Outstanding (Diluted Average) fell 13.87% to $503.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $503.0 million through Mar 2026, down 13.87% year-over-year, with the annual reading at $741.0 for FY2009, N/A changed from the prior year.
  • Shares Outstanding (Diluted Average) was $503.0 million for Q1 2026 at Southwest Airlines, down from $526.0 million in the prior quarter.
  • Over five years, Shares Outstanding (Diluted Average) peaked at $643.0 million in Q2 2024 and troughed at $503.0 million in Q1 2026.
  • The 5-year median for Shares Outstanding (Diluted Average) is $597.5 million (2023), against an average of $595.2 million.
  • Biggest five-year swings in Shares Outstanding (Diluted Average): grew 4.75% in 2022 and later dropped 15.86% in 2025.
  • Tracing LUV's Shares Outstanding (Diluted Average) over 5 years: stood at $639.0 million in 2022, then increased by 0.16% to $640.0 million in 2023, then fell by 6.09% to $601.0 million in 2024, then fell by 12.48% to $526.0 million in 2025, then fell by 4.37% to $503.0 million in 2026.
  • According to Business Quant data, Shares Outstanding (Diluted Average) over the past three periods came in at $503.0 million, $526.0 million, and $541.0 million for Q1 2026, Q3 2025, and Q2 2025 respectively.