TTM
$817.00M
YoY change
-5.2%
5Y CAGR
—
Peak year (2017)
$3.49B
Cumulative net income
$22.13B
Net Income history chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: $441.00M
Net Income growth chart for Southwest Airlines (LUV) from 1985 to 2025
Latest: -5.2%
Net Income history table for Southwest Airlines (LUV) from 1985 to 2025
| 2025 | $441.00M | -5.2% | −$24.00M | ||
| 2024 | $465.00M | 0.0% | $0.00 | ||
| 2023 | $465.00M | -13.7% | −$74.00M | ||
| 2022 | $539.00M | -44.8% | −$438.00M | ||
| 2021 | $977.00M | -131.8% | +$4.05B | ||
| 2020 | −$3.07B | -233.7% | −$5.37B | ||
| 2019 | $2.30B | -6.7% | −$165.00M | ||
| 2018 | $2.46B | -29.3% | −$1.02B | ||
| 2017 | $3.49B | +55.4% | +$1.24B | ||
| 2016 | $2.24B | +2.9% | +$63.00M | ||
| 2015 | $2.18B | +92.0% | +$1.04B | ||
| 2014 | $1.14B | +50.7% | +$382.00M | ||
| 2013 | $754.00M | +79.1% | +$333.00M | ||
| 2012 | $421.00M | +136.5% | +$243.00M | ||
| 2011 | $178.00M | -61.2% | −$281.00M | ||
| 2010 | $459.00M | +363.6% | +$360.00M | ||
| 2009 | $99.00M | -44.4% | −$79.00M | ||
| 2008 | $178.00M | -72.4% | −$467.00M | ||
| 2007 | $645.00M | +29.3% | +$146.00M | ||
| 2006 | $499.00M | -8.9% | −$49.00M | ||
| 2005 | $548.00M | +75.1% | +$235.00M | ||
| 2004 | $313.00M | -29.2% | −$129.00M | ||
| 2003 | $442.00M | +83.4% | +$201.03M | ||
| 2002 | $240.97M | -52.9% | −$270.18M | ||
| 2001 | $511.15M | -15.2% | −$91.95M | ||
| 2000 | $603.09M | +27.1% | +$128.72M | ||
| 1999 | $474.38M | +9.4% | +$40.95M | ||
| 1998 | $433.43M | +36.4% | +$115.66M | ||
| 1997 | $317.77M | +53.3% | +$110.44M | ||
| 1996 | $207.34M | +13.5% | +$24.71M | ||
| 1995 | $182.63M | +1.8% | +$3.29M | ||
| 1994 | $179.33M | +5.7% | +$9.73M | ||
| 1993 | $169.60M | +63.9% | +$66.10M | ||
| 1992 | $103.50M | +284.8% | +$76.60M | ||
| 1991 | $26.90M | -42.9% | −$20.20M | ||
| 1990 | $47.10M | -34.2% | −$24.50M | ||
| 1989 | $71.60M | +23.4% | +$13.60M | ||
| 1988 | $58.00M | +187.1% | +$37.80M | ||
| 1987 | $20.20M | -59.6% | −$29.80M | ||
| 1986 | $50.00M | +5.7% | +$2.70M | ||
| 1985 | $47.30M | — | — |
- 2025$441.00M-5.2%
- 2024$465.00M0.0%
- 2023$465.00M-13.7%
- 2022$539.00M-44.8%
- 2021$977.00M-131.8%
- 2020−$3.07B-233.7%
- 2019$2.30B-6.7%
- 2018$2.46B-29.3%
- 2017$3.49B+55.4%
- 2016$2.24B+2.9%
- 2015$2.18B+92.0%
- 2014$1.14B+50.7%
- 2013$754.00M+79.1%
- 2012$421.00M+136.5%
- 2011$178.00M-61.2%
- 2010$459.00M+363.6%
- 2009$99.00M-44.4%
- 2008$178.00M-72.4%
- 2007$645.00M+29.3%
- 2006$499.00M-8.9%
- 2005$548.00M+75.1%
- 2004$313.00M-29.2%
- 2003$442.00M+83.4%
- 2002$240.97M-52.9%
- 2001$511.15M-15.2%
- 2000$603.09M+27.1%
- 1999$474.38M+9.4%
- 1998$433.43M+36.4%
- 1997$317.77M+53.3%
- 1996$207.34M+13.5%
- 1995$182.63M+1.8%
- 1994$179.33M+5.7%
- 1993$169.60M+63.9%
- 1992$103.50M+284.8%
- 1991$26.90M-42.9%
- 1990$47.10M-34.2%
- 1989$71.60M+23.4%
- 1988$58.00M+187.1%
- 1987$20.20M-59.6%
- 1986$50.00M+5.7%
- 1985$47.30M—
Net Income 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 Net Income at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current net income (TTM) is $817.00M. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
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 net income stands at $441.00M (2025) – declined 5.2% year-over-year.
Looking at the 2015–2025 (10 years) stretch, Southwest Airlines net income compounded at -14.8% per year, with a net decline across the window.
Between 2017 and 2025, Southwest Airlines net income plunged 87.4%, falling from $3.49B to $441.00M.
The highest annual net income of $3.49B was reported in 2017. The lowest in the available history was −$3.07B in 2020.
Southwest Airlines Net Income by Year
Southwest Airlines Net Income 2025: $441.00M
2025's net income for Southwest Airlines came in at $441.00M, declined 5.2% below 2024.
Southwest Airlines Net Income 2024: $465.00M
Southwest Airlines posted net income of $465.00M in 2024, edged up 0.0% from 2023.
Southwest Airlines Net Income 2023: $465.00M
In 2023, Southwest Airlines reported net income of $465.00M, declined 13.7% below 2022.
Southwest Airlines Net Income 2022: $539.00M
Southwest Airlines net income in 2022 was $539.00M, plunged 44.8% below 2021.
Southwest Airlines Net Income 2021: $977.00M
Southwest Airlines net income in 2021 was $977.00M.
See more financial history for Southwest Airlines (LUV).
Sector peers by Net Income
Industrials peers of Southwest Airlines (LUV), ranked by their latest net income
| $8.87B | |
| $8.70B | |
| $7.14B | |
| $6.73B | |
| $5.03B | |
| $4.09B | |
| $2.23B | |
| −$4.94B |
- $8.87B
- $8.70B
- $7.14B
- $6.73B
- $5.03B
- $4.09B
- $2.23B
- −$4.94B
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