LUV financials
Southwest Airlines Co. · end-of-day data as of Oct 16, 2026
Southwest Airlines Co.
$39.50-12.0%
Hold · 25 analystsPT $49.13 +24.4%
LUV reported revenue of $8.43B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 16.4% from a year earlier. It posted diluted EPS of $0.47, free cash flow of -$454M and a net margin of 2.8%.
Valuation
- P/E24.2x
- P/E vs own-37.1%
- P/E vs sector-15.0%
- FCF yield-3.2%
- Market cap$19.32B
Quarterly results
Q2 FY2026: Revenue +16.4% year over year, free cash flow -5.4% of revenue, operating margin 3.4%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $8.43B | 0.47 | -$454M | 177.3% | 3.4% | 2.8% |
| Q1 FY2026 | Mar 31, 2026 | $7.25B | 0.45 | $788M | 10.0% | 4.6% | 3.1% |
| Q4 FY2025 | Dec 31, 2025 | $7.44B | 0.61 | -$564M | 20.3% | 5.3% | 4.3% |
| Q3 FY2025 | Sep 30, 2025 | $6.95B | 0.10 | -$391M | 16.7% | 0.5% | 0.8% |
| Q2 FY2025 | Jun 30, 2025 | $7.24B | 0.39 | -$234M | 18.7% | 3.1% | 2.9% |
| Q1 FY2025 | Mar 31, 2025 | $6.43B | -0.26 | $359M | 13.5% | -3.5% | -2.3% |
| Q4 FY2024 | Dec 31, 2024 | $6.93B | 0.42 | $16M | 17.7% | 4.0% | 3.8% |
| Q3 FY2024 | Sep 30, 2024 | $6.87B | 0.11 | -$414M | 16.3% | 0.6% | 1.0% |
| Q2 FY2024 | Jun 30, 2024 | $7.35B | 0.58 | -$523M | 20.3% | 5.4% | 5.0% |
| Q1 FY2024 | Mar 31, 2024 | $6.33B | -0.39 | -$696M | 9.9% | -6.2% | -3.6% |
| Q4 FY2023 | Dec 31, 2023 | $6.82B | -0.37 | -$293M | 10.7% | -5.9% | -3.7% |
| Q3 FY2023 | Sep 30, 2023 | $6.53B | 0.30 | -$234M | 16.5% | 1.8% | 3.0% |