Revenue for Southwest Airlines (LUV)
According to Southwest Airlines's latest reported financial statements, the company's current revenue (TTM) is $28.88B USD. 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 (not a live revenue-per-second estimate).
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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TTM (last 4 quarters)
$28.88B
YoY change
+2.1%
5Y CAGR
+25.4%
Peak year (2025)
$28.06B
Cumulative revenue
$426.50B
Revenue history chart for Southwest Airlines (LUV) from 1985 to 2025
Revenue history table for Southwest Airlines (LUV) from 1985 to 2025
| Fiscal year | Period ended | Reported | Revenue | YoY |
|---|---|---|---|---|
| 2025 | $28.06B | +2.1% | ||
| 2024 | $27.48B | +5.3% | ||
| 2023 | $26.09B | +9.6% | ||
| 2022 | $23.81B | +50.8% | ||
| 2021 | $15.79B | +74.5% | ||
| 2020 | $9.05B | -59.7% | ||
| 2019 | $22.43B | +2.1% | ||
| 2018 | $21.96B | +3.8% | ||
| 2017 | $21.17B | +3.7% | ||
| 2016 | $20.43B | +3.1% | ||
| 2015 | $19.82B | +6.5% | ||
| 2014 | $18.61B | +5.1% | ||
| 2013 | $17.70B | +3.6% | ||
| 2012 | $17.09B | +9.1% | ||
| 2011 | $15.66B | +29.4% | ||
| 2010 | $12.10B | +16.9% | ||
| 2009 | $10.35B | -6.1% | ||
| 2008 | $11.02B | +11.8% | ||
| 2007 | $9.86B | +8.5% | ||
| 2006 | $9.09B | +19.8% | ||
| 2005 | $7.58B | +16.1% | ||
| 2004 | $6.53B | +10.0% | ||
| 2003 | $5.94B | +7.5% | ||
| 2002 | $5.52B | -0.6% | ||
| 2001 | $5.56B | -1.7% | ||
| 2000 | $5.65B | +19.3% | ||
| 1999 | $4.74B | +13.7% | ||
| 1998 | $4.16B | +9.1% | ||
| 1997 | $3.82B | +12.1% | ||
| 1996 | $3.41B | +18.6% | ||
| 1995 | $2.87B | +10.8% | ||
| 1994 | $2.59B | +12.9% | ||
| 1993 | $2.30B | +36.3% | ||
| 1992 | $1.69B | +28.3% | ||
| 1991 | $1.31B | +10.7% | ||
| 1990 | $1.19B | +16.9% | ||
| 1989 | $1.02B | +18.0% | ||
| 1988 | $860.40M | +12.5% | ||
| 1987 | $765.10M | +1.2% | ||
| 1986 | $755.90M | +11.2% | ||
| 1985 | $679.70M | — |
Revenue 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
2025's annual revenue for Southwest Airlines (LUV) came in at $28.06B – 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).
$28.06B stands as the all-time-high annual revenue, posted in 2025, against a low of $679.70M during 1985.
Among 8 Industrials peers, Southwest Airlines (LUV) ranks 7th; the peer median for revenue is $45.26B.
Southwest Airlines Revenue by Year
Southwest Airlines Revenue 2025: $28.06B
Southwest Airlines revenue in 2025 was $28.06B, edged up 2.1% from 2024. This figure represents the highest annual value in the available history.
Southwest Airlines Revenue 2024: $27.48B
Southwest Airlines revenue in 2024 was $27.48B, grew 5.3% from 2023.
Southwest Airlines Revenue 2023: $26.09B
Southwest Airlines revenue in 2023 was $26.09B, grew 9.6% from 2022.
Southwest Airlines Revenue 2022: $23.81B
Southwest Airlines revenue in 2022 was $23.81B, surged 50.8% from 2021.
Southwest Airlines Revenue 2021: $15.79B
Southwest Airlines revenue in 2021 was $15.79B.
See more financial history for Southwest Airlines (LUV).
Sector peers — Revenue
Companies in the same sector as Southwest Airlines, ranked by their latest revenue.
| Company | Revenue | Sector |
|---|---|---|
| The Boeing Company (BA) | $89.46B | Industrials |
| RTX Corporation (RTX) | $88.60B | Industrials |
| Caterpillar Inc. (CAT) | $67.59B | Industrials |
| GE Aerospace (GE) | $45.85B | Industrials |
| Deere & Company (DE) | $44.66B | Industrials |
| Honeywell International Inc. (HON) | $37.44B | Industrials |
| Eaton Corporation plc (ETN) | $27.45B | Industrials |
| Union Pacific Corporation (UNP) | $24.51B | Industrials |
Frequently asked questions
What is Southwest Airlines's revenue?
- Latest reported revenue for Southwest Airlines (LUV) is $28.88B (period ending March 31, 2026).
How has Southwest Airlines revenue changed year-over-year?
- Southwest Airlines (LUV) revenue changed +2.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Southwest Airlines revenue?
- Southwest Airlines (LUV) revenue compound annual growth rate is +25.4% over the most recent 5 years available.
When did Southwest Airlines revenue hit its highest annual value?
- Southwest Airlines revenue reached its highest annual value of $28.06B in 2025.
What was Southwest Airlines revenue in 2024?
- Southwest Airlines (LUV) revenue in 2024 was $27.48B.
What was Southwest Airlines revenue in 2025?
- Southwest Airlines (LUV) revenue in 2025 was $28.06B.
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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