TTM
$4.75B
YoY change
+9.8%
5Y CAGR
—
Peak year (2008)
$7.41B
Cumulative gross profit
$123.44B
Gross Profit history chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: $4.89B
Gross Profit growth chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: +9.8%
Gross Profit history table for Southwest Airlines (LUV) from 1985 to 2025
| 2025 | $4.89B | +9.8% | +$436.00M | ||
| 2024 | $4.46B | +5.6% | +$236.00M | ||
| 2023 | $4.22B | -11.1% | −$529.00M | ||
| 2022 | $4.75B | +15.5% | +$637.00M | ||
| 2021 | $4.12B | -317.7% | +$6.00B | ||
| 2020 | −$1.89B | -131.6% | −$7.87B | ||
| 2019 | $5.98B | -1.2% | −$75.00M | ||
| 2018 | $6.06B | -3.1% | −$196.00M | ||
| 2017 | $6.25B | +0.5% | +$29.00M | ||
| 2016 | $6.22B | -2.7% | −$172.00M | ||
| 2015 | $6.40B | +40.4% | +$1.84B | ||
| 2014 | $4.56B | +30.5% | +$1.07B | ||
| 2013 | $3.49B | +22.7% | +$645.00M | ||
| 2012 | $2.85B | +5.1% | +$139.00M | ||
| 2011 | $2.71B | +12.1% | +$292.00M | ||
| 2010 | $2.41B | -57.5% | −$3.27B | ||
| 2009 | $5.68B | -23.3% | −$1.72B | ||
| 2008 | $7.41B | +1.8% | +$134.00M | ||
| 2007 | $7.27B | +89.0% | +$3.42B | ||
| 2006 | $3.85B | +14.0% | +$474.00M | ||
| 2005 | $3.37B | +18.7% | +$531.00M | ||
| 2004 | $2.84B | +10.0% | +$259.00M | ||
| 2003 | $2.58B | +12.9% | +$295.00M | ||
| 2002 | $2.29B | -4.8% | −$116.13M | ||
| 2001 | $2.41B | -10.4% | −$278.86M | ||
| 2000 | $2.68B | +21.2% | +$469.58M | ||
| 1999 | $2.21B | +14.0% | +$271.42M | ||
| 1998 | $1.94B | +20.5% | +$330.16M | ||
| 1997 | $1.61B | +24.2% | +$313.95M | ||
| 1996 | $1.30B | +15.5% | +$174.07M | ||
| 1995 | $1.12B | +5.5% | +$59.10M | ||
| 1994 | $1.07B | -11.0% | −$132.30M | ||
| 1993 | $1.20B | +34.3% | +$305.90M | ||
| 1992 | $892.10M | +39.8% | +$253.80M | ||
| 1991 | $638.30M | +8.0% | +$47.50M | ||
| 1990 | $590.80M | +11.0% | +$58.40M | ||
| 1989 | $532.40M | +15.7% | +$72.20M | ||
| 1988 | $460.20M | +11.3% | +$46.70M | ||
| 1987 | $413.50M | -15.4% | −$75.20M | ||
| 1986 | $488.70M | +32.6% | +$120.20M | ||
| 1985 | $368.50M | — | — |
- 2025$4.89B+9.8%
- 2024$4.46B+5.6%
- 2023$4.22B-11.1%
- 2022$4.75B+15.5%
- 2021$4.12B-317.7%
- 2020−$1.89B-131.6%
- 2019$5.98B-1.2%
- 2018$6.06B-3.1%
- 2017$6.25B+0.5%
- 2016$6.22B-2.7%
- 2015$6.40B+40.4%
- 2014$4.56B+30.5%
- 2013$3.49B+22.7%
- 2012$2.85B+5.1%
- 2011$2.71B+12.1%
- 2010$2.41B-57.5%
- 2009$5.68B-23.3%
- 2008$7.41B+1.8%
- 2007$7.27B+89.0%
- 2006$3.85B+14.0%
- 2005$3.37B+18.7%
- 2004$2.84B+10.0%
- 2003$2.58B+12.9%
- 2002$2.29B-4.8%
- 2001$2.41B-10.4%
- 2000$2.68B+21.2%
- 1999$2.21B+14.0%
- 1998$1.94B+20.5%
- 1997$1.61B+24.2%
- 1996$1.30B+15.5%
- 1995$1.12B+5.5%
- 1994$1.07B-11.0%
- 1993$1.20B+34.3%
- 1992$892.10M+39.8%
- 1991$638.30M+8.0%
- 1990$590.80M+11.0%
- 1989$532.40M+15.7%
- 1988$460.20M+11.3%
- 1987$413.50M-15.4%
- 1986$488.70M+32.6%
- 1985$368.50M—
Gross Profit values are taken from Southwest Airlines's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Profit at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current gross profit (TTM) is $4.75B. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Southwest Airlines (LUV) most recent annual gross profit stands at $4.89B (2025) – grew 9.8% year-over-year.
Over 2015–2025 (10 years), Southwest Airlines gross profit expanded at a -2.6% compound annual rate, sustaining 2 straight years of year-over-year growth.
Southwest Airlines gross profit plunged from $7.41B in 2008 to $4.89B in 2025, a 33.9% drawdown.
Across the available history, gross profit reached its high of $7.41B in 2008 and its low of −$1.89B in 2020.
Southwest Airlines Gross Profit by Year
Southwest Airlines Gross Profit 2025: $4.89B
2025's gross profit for Southwest Airlines came in at $4.89B, grew 9.8% from 2024.
Southwest Airlines Gross Profit 2024: $4.46B
Southwest Airlines posted gross profit of $4.46B in 2024, grew 5.6% from 2023.
Southwest Airlines Gross Profit 2023: $4.22B
In 2023, Southwest Airlines reported gross profit of $4.22B, declined 11.1% below 2022.
Southwest Airlines Gross Profit 2022: $4.75B
Southwest Airlines gross profit in 2022 was $4.75B, grew 15.5% from 2021.
Southwest Airlines Gross Profit 2021: $4.12B
Southwest Airlines gross profit in 2021 was $4.12B.
See more financial history for Southwest Airlines (LUV).
Sector peers by Gross Profit
Industrials peers of Southwest Airlines (LUV), ranked by their latest gross profit
| $21.86B | |
| $17.79B | |
| $16.89B | |
| $16.30B | |
| $14.55B | |
| $10.32B | |
| $9.22B | |
| $4.29B |
- $21.86B
- $17.79B
- $16.89B
- $16.30B
- $14.55B
- $10.32B
- $9.22B
- $4.29B
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