SOUTHWEST AIRLINES CO — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that SOUTHWEST AIRLINES CO filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2020 | Dec 31, 2020 | $2.01B | Feb 8, 2021 |
| FY2020 | Sep 30, 2020 | $1.79B | Feb 8, 2021 |
| FY2020 | Jun 30, 2020 | $1.01B | Feb 8, 2021 |
| FY2020 | Mar 31, 2020 | $4.23B | Feb 8, 2021 |
| FY2020 | Dec 31, 2019 | $5.73B | Feb 8, 2021 |
| FY2020 | Sep 30, 2019 | $5.64B | Feb 8, 2021 |
| FY2020 | Jun 30, 2019 | $5.91B | Feb 8, 2021 |
| FY2020 | Mar 31, 2019 | $5.15B | Feb 8, 2021 |
| FY2019 | Dec 31, 2018 | $5.70B | Feb 4, 2020 |
| FY2019 | Sep 30, 2018 | $5.58B | Feb 4, 2020 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $28.06B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $27.48B | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $26.09B | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $23.81B | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $15.79B | Feb 6, 2024 |
| FY2022 | Dec 31, 2020 | $9.05B | Feb 7, 2023 |
| FY2021 | Dec 31, 2019 | $22.43B | Feb 7, 2022 |
| FY2020 | Dec 31, 2018 | $21.97B | Feb 8, 2021 |
| FY2019 | Dec 31, 2017 | $21.15B | Feb 4, 2020 |
| FY2018 | Dec 31, 2016 | $20.29B | Feb 5, 2019 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2012 | Dec 31, 2012 | $4.17B | Feb 7, 2013 |
| FY2012 | Sep 30, 2012 | $4.31B | Feb 7, 2013 |
| FY2012 | Jun 30, 2012 | $4.62B | Feb 7, 2013 |
| FY2012 | Mar 31, 2012 | $3.99B | Feb 7, 2013 |
| FY2011 | Dec 31, 2011 | $4.11B | Feb 9, 2012 |
| FY2011 | Sep 30, 2011 | $4.31B | Feb 9, 2012 |
| FY2011 | Jun 30, 2011 | $4.14B | Feb 9, 2012 |
| FY2011 | Mar 31, 2011 | $3.10B | Feb 9, 2012 |
| FY2011 | Dec 31, 2010 | $3.11B | Feb 9, 2012 |
| FY2011 | Sep 30, 2010 | $3.19B | Feb 9, 2012 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $441.00M | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $465.00M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $465.00M | Feb 5, 2026 |
| FY2022 | Dec 31, 2022 | ($220.00M) | Feb 7, 2023 |
| FY2023 | Dec 31, 2021 | $977.00M | Feb 6, 2024 |
| FY2020 | Dec 31, 2020 | ($908.00M) | Feb 8, 2021 |
| FY2020 | Sep 30, 2020 | ($1.16B) | Feb 8, 2021 |
| FY2020 | Jun 30, 2020 | ($915.00M) | Feb 8, 2021 |
| FY2020 | Mar 31, 2020 | ($94.00M) | Feb 8, 2021 |
| FY2020 | Dec 31, 2019 | $514.00M | Feb 8, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $428.00M | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $321.00M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $224.00M | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $1.02B | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $1.72B | Feb 6, 2024 |
| FY2020 | Dec 31, 2020 | ($1.17B) | Feb 8, 2021 |
| FY2020 | Sep 30, 2020 | ($1.41B) | Feb 8, 2021 |
| FY2020 | Jun 30, 2020 | ($1.13B) | Feb 8, 2021 |
| FY2020 | Mar 31, 2020 | ($110.00M) | Feb 8, 2021 |
| FY2020 | Dec 31, 2019 | $665.00M | Feb 8, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.84B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $462.00M | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $3.16B | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | $3.79B | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | $2.32B | Feb 6, 2024 |
| FY2022 | Dec 31, 2020 | ($1.13B) | Feb 7, 2023 |
| FY2021 | Dec 31, 2019 | $3.99B | Feb 7, 2022 |
| FY2020 | Dec 31, 2018 | $4.89B | Feb 8, 2021 |
| FY2019 | Dec 31, 2017 | $3.93B | Feb 4, 2020 |
| FY2018 | Dec 31, 2016 | $4.29B | Feb 5, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2013 | Dec 31, 2013 | $1.45B | Feb 4, 2014 |
| FY2013 | Dec 31, 2012 | $1.35B | Feb 4, 2014 |
| FY2013 | Dec 31, 2011 | $968.00M | Feb 4, 2014 |
| FY2010 | Dec 31, 2010 | ($493.00M) | Feb 8, 2011 |
| FY2009 | Dec 31, 2009 | $585.00M | Jan 29, 2010 |
| FY2009 | Dec 31, 2008 | $923.00M | Jan 29, 2010 |
| FY2009 | Dec 31, 2007 | $1.33B | Jan 29, 2010 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $29.06B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $33.75B | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $36.49B | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $35.37B | Feb 6, 2024 |
| FY2022 | Dec 31, 2021 | $36.32B | Feb 7, 2023 |
| FY2021 | Dec 31, 2020 | $34.59B | Feb 7, 2022 |
| FY2020 | Dec 31, 2019 | $25.90B | Feb 8, 2021 |
| FY2019 | Dec 31, 2018 | $26.24B | Feb 4, 2020 |
| FY2018 | Dec 31, 2017 | $25.11B | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | $23.29B | Feb 7, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $7.98B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $10.35B | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | $10.52B | Feb 5, 2026 |
| FY2025 | Dec 31, 2022 | $10.69B | Feb 5, 2026 |
| FY2024 | Dec 31, 2021 | $10.41B | Feb 7, 2025 |
| FY2023 | Dec 31, 2020 | $8.88B | Feb 6, 2024 |
| FY2022 | Dec 31, 2019 | $9.83B | Feb 7, 2023 |
| FY2021 | Dec 31, 2018 | $9.85B | Feb 7, 2022 |
| FY2020 | Dec 31, 2017 | $9.64B | Feb 8, 2021 |
| FY2019 | Dec 31, 2016 | $7.78B | Feb 4, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $970.00M | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $970.00M | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $970.00M | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $970.00M | Feb 6, 2024 |
| FY2022 | Dec 31, 2021 | $970.00M | Feb 7, 2023 |
| FY2021 | Dec 31, 2020 | $970.00M | Feb 7, 2022 |
| FY2020 | Dec 31, 2019 | $970.00M | Feb 8, 2021 |
| FY2019 | Dec 31, 2018 | $970.00M | Feb 4, 2020 |
| FY2018 | Dec 31, 2017 | $970.00M | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | $970.00M | Feb 7, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.39B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $16.33B | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $16.30B | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $16.26B | Feb 6, 2024 |
| FY2022 | Dec 31, 2021 | $15.77B | Feb 7, 2023 |
| FY2021 | Dec 31, 2020 | $14.78B | Feb 7, 2022 |
| FY2020 | Dec 31, 2019 | $17.95B | Feb 8, 2021 |
| FY2019 | Dec 31, 2018 | $15.97B | Feb 4, 2020 |
| FY2018 | Dec 31, 2017 | $13.83B | Feb 5, 2019 |
| FY2017 | Dec 31, 2016 | $11.42B | Feb 7, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.23B | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | $7.51B | Feb 5, 2026 |
| FY2024 | Dec 31, 2023 | $9.29B | Feb 7, 2025 |
| FY2023 | Dec 31, 2022 | $9.49B | Feb 6, 2024 |
| FY2022 | Dec 31, 2021 | $12.48B | Feb 7, 2023 |
| FY2021 | Dec 31, 2020 | $11.06B | Feb 7, 2022 |
| FY2020 | Dec 31, 2019 | $2.55B | Feb 8, 2021 |
| FY2020 | Dec 31, 2018 | $1.85B | Feb 8, 2021 |
| FY2020 | Dec 31, 2017 | $1.50B | Feb 8, 2021 |
| FY2019 | Dec 31, 2016 | $1.68B | Feb 4, 2020 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.93B | Feb 5, 2026 |
| FY2024 | Dec 31, 2024 | $6.70B | Feb 7, 2025 |
| FY2023 | Dec 31, 2023 | $8.01B | Feb 6, 2024 |
| FY2022 | Dec 31, 2022 | $8.10B | Feb 7, 2023 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | 0 | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 6, 2024 |
| FY2020 | Dec 31, 2020 | (1) | Feb 8, 2021 |
| FY2020 | Sep 30, 2020 | (1) | Feb 8, 2021 |
| FY2020 | Jun 30, 2020 | (1) | Feb 8, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 8, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 8, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Feb 5, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Feb 5, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 5, 2026 |
| FY2024 | Dec 31, 2022 | 0 | Feb 7, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 6, 2024 |
| FY2020 | Dec 31, 2020 | (1) | Feb 8, 2021 |
| FY2020 | Sep 30, 2020 | (1) | Feb 8, 2021 |
| FY2020 | Jun 30, 2020 | (1) | Feb 8, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 8, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 8, 2021 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $274.00M | Feb 7, 2018 |
| FY2016 | Dec 31, 2016 | $222.00M | Feb 7, 2017 |
| FY2015 | Dec 31, 2015 | $180.00M | Feb 3, 2016 |
| FY2014 | Dec 31, 2014 | $139.00M | Feb 6, 2015 |
| FY2013 | Dec 31, 2013 | $71.00M | Feb 4, 2014 |
| FY2013 | Dec 31, 2012 | $22.00M | Feb 4, 2014 |
| FY2013 | Dec 31, 2011 | $14.00M | Feb 4, 2014 |
| FY2012 | Dec 31, 2010 | $13.00M | Feb 7, 2013 |