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

Southwest Airlines has reported Shares Outstanding (Weighted Average) for 18 years, with the latest figure at $498.0 million in Q1 2026.

• For the quarter ending Q1 2026, Shares Outstanding (Weighted Average) fell 14.73% year-over-year to $498.0 million; the trailing twelve-month figure through Mar 2026 stood at $498.0 million (down 14.73% YoY), and the FY2025 full-year result was $540.0 million, down 9.7% from the prior year.
• Shares Outstanding (Weighted Average) for Q1 2026 stood at $498.0 million, down from $540.0 million in the prior quarter.
• The five-year high for Shares Outstanding (Weighted Average) was $598.0 million in Q2 2024, with the low at $498.0 million in Q1 2026.
• Historically, Shares Outstanding (Weighted Average) has averaged $577.9 million across 5 years, with a median of $593.0 million in 2022.
• Annual changes were most pronounced in 2023 — Shares Outstanding (Weighted Average) advanced 0.51% — and 2026, when it fell 14.73%.
• Southwest Airlines' Shares Outstanding (Weighted Average) 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 fell by 7.78% to $498.0 million in 2026.
• The last three Shares Outstanding (Weighted Average) figures came in at $498.0 million (Q1 2026), $540.0 million (Q4 2025), and $523.0 million (Q3 2025), per Business Quant data.