TTM
$30.1B
YoY change
+2.1%
5Y CAGR
+25.4%
Peak year (FY2025)
$28.1B
Cumulative revenue
$442B
Revenue history chart for Southwest Airlines (LUV) from 2016 to 2025
Latest: $28.1B
Revenue growth chart for Southwest Airlines (LUV) from 2016 to 2025
Latest: +2.1%
Revenue history table for Southwest Airlines (LUV) from 1985 to 2025
| FY2025 | $28.1B | +2.1% | +$580M | ||
| FY2024 | $27.5B | +5.3% | +$1.39B | ||
| FY2023 | $26.1B | +9.6% | +$2.28B | ||
| FY2022 | $23.8B | +50.8% | +$8.02B | ||
| FY2021 | $15.8B | +74.5% | +$6.74B | ||
| FY2020 | $9.05B | -59.7% | -$13.4B | ||
| FY2019 | $22.4B | +2.1% | +$463M | ||
| FY2018 | $22B | +3.8% | +$794M | ||
| FY2017 | $21.2B | +3.7% | +$746M | ||
| FY2016 | $20.4B | +3.1% | +$605M | ||
| FY2015 | $19.8B | +6.5% | +$1.22B | ||
| FY2014 | $18.6B | +5.1% | +$906M | ||
| FY2013 | $17.7B | +3.6% | +$611M | ||
| FY2012 | $17.1B | +9.1% | +$1.43B | ||
| FY2011 | $15.7B | +29.4% | +$3.55B | ||
| FY2010 | $12.1B | +16.9% | +$1.75B | ||
| FY2009 | $10.4B | -6.1% | -$673M | ||
| FY2008 | $11B | +11.8% | +$1.16B | ||
| FY2007 | $9.86B | +8.5% | +$775M | ||
| FY2006 | $9.09B | +19.8% | +$1.5B | ||
| FY2005 | $7.58B | +16.1% | +$1.05B | ||
| FY2004 | $6.53B | +10.0% | +$593M | ||
| FY2003 | $5.94B | +7.5% | +$415M | ||
| FY2002 | $5.52B | -0.6% | -$33.4M | ||
| FY2001 | $5.56B | -1.7% | -$94.4M | ||
| FY2000 | $5.65B | +19.3% | +$914M | ||
| FY1999 | $4.74B | +13.7% | +$572M | ||
| FY1998 | $4.16B | +9.1% | +$347M | ||
| FY1997 | $3.82B | +12.1% | +$411M | ||
| FY1996 | $3.41B | +18.6% | +$533M | ||
| FY1995 | $2.87B | +10.8% | +$281M | ||
| FY1994 | $2.59B | +12.9% | +$295M | ||
| FY1993 | $2.3B | +36.3% | +$612M | ||
| FY1992 | $1.69B | +28.3% | +$372M | ||
| FY1991 | $1.31B | +10.7% | +$127M | ||
| FY1990 | $1.19B | +16.9% | +$172M | ||
| FY1989 | $1.02B | +18.0% | +$155M | ||
| FY1988 | $860M | +12.5% | +$95.3M | ||
| FY1987 | $765M | +1.2% | +$9.2M | ||
| FY1986 | $756M | +11.2% | +$76.2M | ||
| FY1985 | $680M | — | — |
- FY2025$28.1B+2.1%
- FY2024$27.5B+5.3%
- FY2023$26.1B+9.6%
- FY2022$23.8B+50.8%
- FY2021$15.8B+74.5%
- FY2020$9.05B-59.7%
- FY2019$22.4B+2.1%
- FY2018$22B+3.8%
- FY2017$21.2B+3.7%
- FY2016$20.4B+3.1%
- FY2015$19.8B+6.5%
- FY2014$18.6B+5.1%
- FY2013$17.7B+3.6%
- FY2012$17.1B+9.1%
- FY2011$15.7B+29.4%
- FY2010$12.1B+16.9%
- FY2009$10.4B-6.1%
- FY2008$11B+11.8%
- FY2007$9.86B+8.5%
- FY2006$9.09B+19.8%
- FY2005$7.58B+16.1%
- FY2004$6.53B+10.0%
- FY2003$5.94B+7.5%
- FY2002$5.52B-0.6%
- FY2001$5.56B-1.7%
- FY2000$5.65B+19.3%
- FY1999$4.74B+13.7%
- FY1998$4.16B+9.1%
- FY1997$3.82B+12.1%
- FY1996$3.41B+18.6%
- FY1995$2.87B+10.8%
- FY1994$2.59B+12.9%
- FY1993$2.3B+36.3%
- FY1992$1.69B+28.3%
- FY1991$1.31B+10.7%
- FY1990$1.19B+16.9%
- FY1989$1.02B+18.0%
- FY1988$860M+12.5%
- FY1987$765M+1.2%
- FY1986$756M+11.2%
- FY1985$680M—
Revenue 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 Revenue at Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current revenue (TTM) is $30.1B. Revenue is the total income from selling goods or services before any expenses. Unlike net income (earnings), revenue does not subtract operating costs, taxes, or other charges. Figures are in USD; chart and tables below use historical filings.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual revenue for Southwest Airlines (LUV) came in at $28.1B – edged up 2.1% year-over-year.
Southwest Airlines revenue has grown for 5 consecutive years, with a +25.4% compound annual growth rate over 2020–2025 (5 years).
$28.1B stands as the all-time-high annual revenue, posted in 2025, against a low of $680M during 1985.
Southwest Airlines Revenue by Year
Southwest Airlines Revenue 2025: $28.1B
Southwest Airlines revenue in 2025 was $28.1B, edged up 2.1% from 2024. This figure represents the highest annual value in the available history.
Southwest Airlines Revenue 2024: $27.5B
2024's revenue for Southwest Airlines came in at $27.5B, grew 5.3% from 2023.
Southwest Airlines Revenue 2023: $26.1B
Southwest Airlines posted revenue of $26.1B in 2023, grew 9.6% from 2022.
Southwest Airlines Revenue 2022: $23.8B
In 2022, Southwest Airlines reported revenue of $23.8B, surged 50.8% from 2021.
Southwest Airlines Revenue 2021: $15.8B
Southwest Airlines revenue in 2021 was $15.8B.
See more financial history for Southwest Airlines (LUV).
Sector peers by Revenue
Industrials peers of Southwest Airlines (LUV), ranked by their latest revenue
| $89.5B | |
| $88.6B | |
| $67.6B | |
| $45.9B | |
| $44.7B | |
| $27.4B | |
| $24.5B | |
| $18.7B |
- $89.5B
- $88.6B
- $67.6B
- $45.9B
- $44.7B
- $27.4B
- $24.5B
- $18.7B
Frequently asked questions
Southwest Airlines (LUV) Key Financials
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Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks6.10% TTM
- Dividend Profile1.62% yield
- Dividend Calculator
- Dividend Forecast
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- Stock Split History14 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.