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

Southwest Airlines (LUV) has 18 years of Shares Outstanding (Weighted Average) data on file, last reported 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.
• Across five years, Shares Outstanding (Weighted Average) topped out at $599.0 million in Q3 2024 and bottomed at $498.0 million in Q1 2026.
• The 5-year median for Shares Outstanding (Weighted Average) is $593.0 million (2022), against an average of $578.0 million.
• The widest annual swing landed in 2023, when Shares Outstanding (Weighted Average) advanced 0.51%; it then fell 14.73% in 2026.
• A 5-year view of Shares Outstanding (Weighted Average) shows it stood at $593.0 million in 2022, then gained by 0.34% to $595.0 million in 2023, then gained by 0.5% to $598.0 million in 2024, then decreased by 9.7% to $540.0 million in 2025, then retreated 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.

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