Current
$22.87B
5-Year Average
$21.40B
All-Time High
$39.64B
All-Time Low
$3.71B
Market cap daily chart for Southwest Airlines (LUV)
Jun 16, 2021 – Jun 12, 2026 · 1,254 trading days
Market Cap growth chart for Southwest Airlines (LUV) from 1985 to 2026
Latest: -0.8%
Market Cap history table for Southwest Airlines (LUV) from 1985 to 2026
| 2026 | $22.87B | -0.8% | −$190.73M | ||
| 2025 | $23.06B | +6.7% | +$1.44B | ||
| 2024 | $21.62B | +17.0% | +$3.13B | ||
| 2023 | $18.48B | -14.5% | −$3.13B | ||
| 2022 | $21.62B | -17.1% | −$4.47B | ||
| 2021 | $26.09B | -0.9% | −$245.09M | ||
| 2020 | $26.33B | -9.5% | −$2.76B | ||
| 2019 | $29.10B | +9.1% | +$2.42B | ||
| 2018 | $26.68B | -32.4% | −$12.79B | ||
| 2017 | $39.47B | +25.1% | +$7.92B | ||
| 2016 | $31.55B | +9.5% | +$2.74B | ||
| 2015 | $28.81B | -2.2% | −$647.58M | ||
| 2014 | $29.45B | +117.7% | +$15.93B | ||
| 2013 | $13.53B | +74.5% | +$5.78B | ||
| 2012 | $7.75B | +16.8% | +$1.12B | ||
| 2011 | $6.63B | -31.6% | −$3.06B | ||
| 2010 | $9.70B | +14.5% | +$1.23B | ||
| 2009 | $8.47B | +33.0% | +$2.10B | ||
| 2008 | $6.37B | -32.0% | −$3.00B | ||
| 2007 | $9.37B | -25.3% | −$3.16B | ||
| 2006 | $12.53B | -5.4% | −$721.27M | ||
| 2005 | $13.25B | -1.2% | −$156.05M | ||
| 2004 | $13.41B | +2.7% | +$357.23M | ||
| 2003 | $13.05B | -6.5% | −$905.57M | ||
| 2002 | $13.96B | -6.9% | −$1.04B | ||
| 2001 | $14.99B | -15.3% | −$2.72B | ||
| 2000 | $17.71B | +104.6% | +$9.06B | ||
| 1999 | $8.65B | +8.3% | +$662.62M | ||
| 1998 | $7.99B | +42.9% | +$2.40B | ||
| 1997 | $5.59B | +65.0% | +$2.20B | ||
| 1996 | $3.39B | +2.2% | +$73.20M | ||
| 1995 | $3.32B | +34.1% | +$843.17M | ||
| 1994 | $2.47B | -54.6% | −$2.97B | ||
| 1993 | $5.44B | +103.3% | +$2.76B | ||
| 1992 | $2.68B | +76.9% | +$1.16B | ||
| 1991 | $1.51B | +95.5% | +$739.34M | ||
| 1990 | $773.79M | +2.9% | +$21.99M | ||
| 1989 | $751.80M | +16.7% | +$107.33M | ||
| 1988 | $644.47M | +63.0% | +$249.14M | ||
| 1987 | $395.33M | -38.9% | −$251.37M | ||
| 1986 | $646.70M | -18.9% | −$150.64M | ||
| 1985 | $797.34M | — | — |
- 2026$22.87B-0.8%
- 2025$23.06B+6.7%
- 2024$21.62B+17.0%
- 2023$18.48B-14.5%
- 2022$21.62B-17.1%
- 2021$26.09B-0.9%
- 2020$26.33B-9.5%
- 2019$29.10B+9.1%
- 2018$26.68B-32.4%
- 2017$39.47B+25.1%
- 2016$31.55B+9.5%
- 2015$28.81B-2.2%
- 2014$29.45B+117.7%
- 2013$13.53B+74.5%
- 2012$7.75B+16.8%
- 2011$6.63B-31.6%
- 2010$9.70B+14.5%
- 2009$8.47B+33.0%
- 2008$6.37B-32.0%
- 2007$9.37B-25.3%
- 2006$12.53B-5.4%
- 2005$13.25B-1.2%
- 2004$13.41B+2.7%
- 2003$13.05B-6.5%
- 2002$13.96B-6.9%
- 2001$14.99B-15.3%
- 2000$17.71B+104.6%
- 1999$8.65B+8.3%
- 1998$7.99B+42.9%
- 1997$5.59B+65.0%
- 1996$3.39B+2.2%
- 1995$3.32B+34.1%
- 1994$2.47B-54.6%
- 1993$5.44B+103.3%
- 1992$2.68B+76.9%
- 1991$1.51B+95.5%
- 1990$773.79M+2.9%
- 1989$751.80M+16.7%
- 1988$644.47M+63.0%
- 1987$395.33M-38.9%
- 1986$646.70M-18.9%
- 1985$797.34M—
Market Cap values are taken from Southwest Airlines's reported income statements (share counts) and end-of-day prices (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 Market Cap at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's latest reported market cap is $18.90B. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2026 reading of Southwest Airlines (LUV) market cap is $22.87B – edged down 0.8% year-over-year.
Over 2021–2026 (5 years), Southwest Airlines market cap expanded at a -2.6% compound annual rate, with a net decline across the window.
Southwest Airlines market cap plunged from $39.47B in 2017 to $22.87B in 2026, a 42.0% drawdown.
The record annual market cap stands at $39.47B, reached in 2017; the historical low of $395.33M was recorded in 1987.
Southwest Airlines Market Cap by Year
Southwest Airlines Market Cap 2026: $22.87B
Southwest Airlines market cap in 2026 was $22.87B, edged down 0.8% below 2025.
Southwest Airlines Market Cap 2025: $23.06B
2025's market cap for Southwest Airlines came in at $23.06B, grew 6.7% from 2024.
Southwest Airlines Market Cap 2024: $21.62B
Southwest Airlines posted market cap of $21.62B in 2024, grew 17.0% from 2023.
Southwest Airlines Market Cap 2023: $18.48B
In 2023, Southwest Airlines reported market cap of $18.48B, declined 14.5% below 2022.
Southwest Airlines Market Cap 2022: $21.62B
Southwest Airlines market cap in 2022 was $21.62B.
See more financial history for Southwest Airlines (LUV).
Sector peers by Market Cap
Industrials peers of Southwest Airlines (LUV), ranked by their latest market cap
| $2.10T | |
| $419.44B | |
| $350.33B | |
| $247.16B | |
| $172.68B | |
| $161.91B | |
| $155.88B | |
| $151.98B |
- $2.10T
- $419.44B
- $350.33B
- $247.16B
- $172.68B
- $161.91B
- $155.88B
- $151.98B
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Southwest Airlines (LUV) Key Financials
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