Gross Profit for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current gross profit (TTM) is $4.75B USD. 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 .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.75B
YoY change
+9.8%
5Y CAGR
N/A
Peak year (2008)
$7.41B
Cumulative gross profit
$122.71B
Gross Profit history chart for Southwest Airlines (LUV) from 1985 to 2025
Gross Profit history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 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 (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
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.
Among 8 Industrials peers, Southwest Airlines (LUV) ranks 8th; the peer median for gross profit is $15.42B.
Southwest Airlines Gross Profit by Year
Southwest Airlines Gross Profit 2025: $4.89B
Southwest Airlines gross profit in 2025 was $4.89B, grew 9.8% from 2024.
Southwest Airlines Gross Profit 2024: $4.46B
Southwest Airlines gross profit in 2024 was $4.46B, grew 5.6% from 2023.
Southwest Airlines Gross Profit 2023: $4.22B
Southwest Airlines gross profit in 2023 was $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 — Gross Profit
Companies in the same sector as Southwest Airlines, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $21.86B | Industrials |
| RTX Corporation (RTX) | $17.79B | Industrials |
| GE Aerospace (GE) | $16.89B | Industrials |
| Deere & Company (DE) | $16.30B | Industrials |
| Union Pacific Corporation (UNP) | $14.55B | Industrials |
| Honeywell International Inc. (HON) | $13.83B | Industrials |
| Eaton Corporation plc (ETN) | $10.32B | Industrials |
| The Boeing Company (BA) | $4.29B | Industrials |
Frequently asked questions
What is Southwest Airlines's gross profit?
- Latest reported gross profit for Southwest Airlines (LUV) is $4.75B (period ending March 31, 2026).
How has Southwest Airlines gross profit changed year-over-year?
- Southwest Airlines (LUV) gross profit changed +9.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines gross profit?
- Southwest Airlines (LUV) gross profit compound annual growth rate is -2.6% over the most recent 10 years available.
When did Southwest Airlines gross profit hit its highest annual value?
- Southwest Airlines gross profit reached its highest annual value of $7.41B in 2008.
What was Southwest Airlines gross profit in 2024?
- Southwest Airlines (LUV) gross profit in 2024 was $4.46B.
What was Southwest Airlines gross profit in 2025?
- Southwest Airlines (LUV) gross profit in 2025 was $4.89B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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