Total Revenue
Southwest Airlines Total Revenue decreased by 2.6% to $7.25B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.8%, from $6.43B to $7.25B. Over 4 years (FY 2021 to FY 2025), Total Revenue shows an upward trend with a 15.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
total_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.01B | $4.68B | $5.05B | $4.69B | $6.73B | $6.22B | $6.17B | $5.71B | $7.04B | $6.53B | $6.82B | $6.33B | $7.35B | $6.87B | $6.93B | $6.43B | $7.24B | $6.95B | $7.44B | $7.25B |
| QoQ Change | — | +16.7% | +8.0% | -7.1% | +43.3% | -7.6% | -0.8% | -7.6% | +23.3% | -7.3% | +4.6% | -7.2% | +16.2% | -6.6% | +0.9% | -7.2% | +12.7% | -4.1% | +7.1% | -2.6% |
| YoY Change | — | — | — | — | +67.9% | +32.9% | +22.2% | +21.6% | +4.6% | +4.9% | +10.5% | +10.9% | +4.5% | +5.3% | +1.6% | +1.6% | -1.5% | +1.1% | +7.4% | +12.8% |
Product Breakdown — Other Revenue
| Segment | FY'23 | FY'24 |
|---|---|---|
| Other Revenue | $2.10B | $2.20B |
| Total | $26.09B | $27.48B |
All segment values are derived from annual filings.
Product Breakdown — Passenger
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Passenger non-loyalty | $5.54B | $5.09B | $5.15B | $4.77B | $5.45B | $4.90B | $5.33B | $5.19B |
| Passenger ancillary sold separately | $273.00M | $262.00M | $261.00M | $245.00M | $309.00M | $612.00M | $669.00M | $715.00M |
| Passenger loyalty - air transportation | $895.00M | $896.00M | $895.00M | $800.00M | $870.00M | $805.00M | $784.00M | $688.00M |
| Total | $7.35B | $6.87B | $6.93B | $6.43B | $7.24B | $6.95B | $7.44B | $7.25B |
Geographic Breakdown
| Segment | FY'21 | FY'22 | FY'23 | FY'24 | FY'25 |
|---|---|---|---|---|---|
| North America | $15.30B | $23.00B | $25.00B | $26.70B | $27.30B |
| Latin America | $475.00M | $811.00M | $828.00M | $798.00M | $756.00M |
| Total | $15.79B | $23.81B | $26.09B | $27.48B | $28.06B |
All segment values are derived from annual filings.
Total Revenue at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's total revenue?
- Southwest Airlines (LUV) reported total revenue of $7.25B in Q1 2026.
- How has Southwest Airlines's total revenue changed year-over-year?
- Southwest Airlines's total revenue increased by 12.8% year-over-year, from $6.43B to $7.25B.
- What is the long-term trend for Southwest Airlines's total revenue?
- Over 4 years (2021 to 2025), Southwest Airlines's total revenue has grown at a 15.5% compound annual growth rate (CAGR), from $15.79B to $28.06B.
- What does total revenue mean?
- The total amount of money a company brings in from its primary business activities before any expenses.