EPS (Diluted) for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current diluted EPS (TTM) is $1.55. Diluted earnings per share (EPS) is net income divided by the diluted weighted-average shares outstanding over the period. It expresses profit on a per-share basis — the figure investors use to value an individual share — and accounts for potential dilution from options, RSUs, and convertible securities.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingEPS (Diluted)Switch metric
TTM (last 4 quarters)
$1.55
YoY change
+5.3%
5Y CAGR
N/A
Peak year (2017)
$5.78
Latest annual
$0.79
EPS (Diluted) history chart for Southwest Airlines (LUV) from 1985 to 2025
EPS (Diluted) history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | EPS (Diluted) | YoY |
|---|---|---|---|---|
| 2025 | $0.79 | +5.3% | ||
| 2024 | $0.75 | -1.3% | ||
| 2023 | $0.76 | -12.6% | ||
| 2022 | $0.87 | -46.0% | ||
| 2021 | $1.61 | -129.6% | ||
| 2020 | $-5.44 | -227.4% | ||
| 2019 | $4.27 | -0.5% | ||
| 2018 | $4.29 | -25.8% | ||
| 2017 | $5.78 | +62.8% | ||
| 2016 | $3.55 | +8.9% | ||
| 2015 | $3.26 | +100.0% | ||
| 2014 | $1.63 | +55.2% | ||
| 2013 | $1.05 | +87.5% | ||
| 2012 | $0.56 | +143.5% | ||
| 2011 | $0.23 | -62.3% | ||
| 2010 | $0.61 | +369.2% | ||
| 2009 | $0.13 | -45.8% | ||
| 2008 | $0.24 | -71.4% | ||
| 2007 | $0.84 | +37.7% | ||
| 2006 | $0.61 | -10.3% | ||
| 2005 | $0.68 | +78.9% | ||
| 2004 | $0.38 | -30.9% | ||
| 2003 | $0.55 | +129.2% | ||
| 2002 | $0.24 | -61.9% | ||
| 2001 | $0.63 | -17.1% | ||
| 2000 | $0.76 | +28.8% | ||
| 1999 | $0.59 | +7.3% | ||
| 1998 | $0.55 | +34.1% | ||
| 1997 | $0.41 | +51.9% | ||
| 1996 | $0.27 | +8.0% | ||
| 1995 | $0.25 | +4.2% | ||
| 1994 | $0.24 | +4.3% | ||
| 1993 | $0.23 | +53.3% | ||
| 1992 | $0.15 | +275.0% | ||
| 1991 | $0.04 | -42.9% | ||
| 1990 | $0.07 | -30.0% | ||
| 1989 | $0.10 | +25.0% | ||
| 1988 | $0.08 | +166.7% | ||
| 1987 | $0.03 | -57.1% | ||
| 1986 | $0.07 | 0.0% | ||
| 1985 | $0.07 | — |
EPS (Diluted) values are taken from Southwest Airlines's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual diluted EPS for Southwest Airlines (LUV) came in at $0.79 – grew 5.3% year-over-year.
Southwest Airlines diluted EPS has contracted on net over the period, with a -13.2% compound annual growth rate over 2015–2025 (10 years).
Southwest Airlines diluted EPS plunged from $5.78 in 2017 to $0.79 in 2025, a 86.3% drawdown.
The dataset's maximum diluted EPS sits at $5.78 (2017); the minimum reading of $-5.44 dates to 2020.
Within Industrials, Southwest Airlines (LUV) ranks 9th among 8 peers we track. The peer median for diluted EPS is $9.31.
Southwest Airlines EPS (Diluted) by Year
Southwest Airlines EPS (Diluted) 2025: $0.79
Southwest Airlines diluted EPS in 2025 was $0.79, grew 5.3% from 2024.
Southwest Airlines EPS (Diluted) 2024: $0.75
Southwest Airlines diluted EPS in 2024 was $0.75, edged down 1.3% below 2023.
Southwest Airlines EPS (Diluted) 2023: $0.76
Southwest Airlines diluted EPS in 2023 was $0.76, declined 12.6% below 2022.
Southwest Airlines EPS (Diluted) 2022: $0.87
Southwest Airlines diluted EPS in 2022 was $0.87, plunged 46.0% below 2021.
Southwest Airlines EPS (Diluted) 2021: $1.61
Southwest Airlines diluted EPS in 2021 was $1.61.
See more financial history for Southwest Airlines (LUV).
Sector peers — EPS (Diluted)
Companies in the same sector as Southwest Airlines, ranked by their latest diluted EPS.
| Company | EPS (Diluted) | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $18.83 | Industrials |
| Deere & Company (DE) | $18.50 | Industrials |
| Union Pacific Corporation (UNP) | $11.97 | Industrials |
| Eaton Corporation plc (ETN) | $10.46 | Industrials |
| GE Aerospace (GE) | $8.16 | Industrials |
| Honeywell International Inc. (HON) | $7.36 | Industrials |
| RTX Corporation (RTX) | $4.96 | Industrials |
| The Boeing Company (BA) | $2.48 | Industrials |
Frequently asked questions
What is Southwest Airlines's diluted EPS?
- Latest reported diluted EPS for Southwest Airlines (LUV) is $1.55 (period ending March 31, 2026).
How has Southwest Airlines diluted EPS changed year-over-year?
- Southwest Airlines (LUV) diluted EPS changed +5.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines diluted EPS?
- Southwest Airlines (LUV) diluted EPS compound annual growth rate is -13.2% over the most recent 10 years available.
When did Southwest Airlines diluted EPS hit its highest annual value?
- Southwest Airlines diluted EPS reached its highest annual value of $5.78 in 2017.
What was Southwest Airlines diluted EPS in 2024?
- Southwest Airlines (LUV) diluted EPS in 2024 was $0.75.
What was Southwest Airlines diluted EPS in 2025?
- Southwest Airlines (LUV) diluted EPS in 2025 was $0.79.
Metrics overview
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