Earnings Per Share
Shares (Diluted)
Southwest Airlines Shares (Diluted) decreased by 4.4% to 503M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 13.9%, from 584M to 503M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionEarnings Per Share
CategoryCapital Allocation
SignalLower is better
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase indicates potential dilution from employee compensation or convertible instruments, which can reduce earnings per share.
Detailed definition
The weighted-average number of common shares outstanding plus the effect of all potentially dilutive securities, such as...
Peer comparison
Standard metric for all public companies; essential for understanding the impact of equity-based compensation.
Metric ID:
weighted_shares_dilutedHistorical Data
16 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 615M | 607M | 592M | 635M | 639M | 594M | 639M | 640M | 1M | 597M | 643M | 601M | 584M | 541M | 526M | 503M |
| QoQ Change | — | -1.3% | -2.5% | +7.3% | +0.6% | -7.0% | +7.6% | +0.2% | -99.8% | >999% | +7.7% | -6.5% | -2.8% | -7.4% | -2.8% | -4.4% |
| YoY Change | — | — | — | +3.3% | +5.3% | +0.3% | +0.6% | +0.2% | — | +0.5% | +0.6% | -6.1% | -2.2% | -15.9% | -12.5% | -13.9% |
Range1M – 643M
CAGR-5.2%
Avg YoY Growth-3.3%
Median YoY Growth+0.2%
Current Streak5 quarters decline
Shares (Diluted) at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's shares (diluted)?
- Southwest Airlines (LUV) reported shares (diluted) of 503M in Q1 2026.
- How has Southwest Airlines's shares (diluted) changed year-over-year?
- Southwest Airlines's shares (diluted) decreased by 13.9% year-over-year, from 584M to 503M.
- What does shares (diluted) mean?
- The average number of shares outstanding including all potential shares that could be created.